Weekly jobless claims near four-month low; millions drawing unemployment benefits

The number of Americans filing for jobless benefits dropped to a near four-month low last week, but a record 32.9 million people were collecting unemployment checks in the third week of June, supporting expectations the labor market would take years to recover from the COVID-19 pandemic. Economists cautioned against reading too much into the bigger-than-expected […]

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Govt Will Have to Experiment as Long as it Doesn’t Tear Fabric of Economic Growth Permanently

Kundapur Vaman Kamath knows his numbers. One of India’s most respected bankers, he sat down with Network 18’s Editor-in-Chief Rahul Joshi to decode the hard numbers of India’s economic growth, moved fluidly among challenges concerning the financial sector, small and large industries, and policy issues in the middle of a pandemic and a border standoff […]

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Aatmanirbhar Bharat Will Accelerate Path to 5 Trillion Dollar Economy, Says Veteran Banker KV Kamath

Former National Development Bank chief KV Kamath expressed confidence in India’s ambition to become a 5 trillion dollar economy in the next five years and said that the Prime Minister’s call for a self-reliant India will act as an aid. In an exclusive interview with Network18’s Editor-in-Chief Rahul Joshi, he said, ” I am clear […]

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CBDT Notifies I-T Exemption on Sovereign Wealth Funds’ Income from Infra Investment

The income tax (I-T) department has notified tax exemption on interest, dividend and capital gain incomes of sovereign wealth funds (SWFs) and global pension funds arising from their investment in Indian infrastructure. The Central Board of Direct Taxes (CBDT) through a notification dated July 6 has widened the scope of ‘infrastructure’ for the purpose of […]

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Review Timelines for Installation of Emission Control Unit at Power Plants: FICCI to PMO

Industry body FICCI has sought the Prime Minister’s Office intervention in the immediate extension of deadline for installation of emission control equipment at captive power plants. The deadline for installing flue-gas desulfurization (FGD) or emissions control equipment at captive power plants (CPP) to meet environment norms was June 30, 2020. In a letter to Principal […]

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