Japan is expected to extend a state of emergency on Tuesday to fight the spread of COVID19 for Tokyo and other areas, three sources with knowledge of the legal procedures said on Monday.
Chinas manufacturing growth weakened in January, according to two surveys, suggesting its rebound from the coronavirus pandemic is leveling off.
As Finance Minister Nirmala Sitharaman delivers her promised budget speech on Monday, which is expected to provide relief to the middle class by way of income tax benefits, we answer all your queries related to income tax.
Top gainers in the BSE pack included IndusInd Bank, ICICI Bank, Titan, HDFC, Bajaj Finance and Bajaj Finserv with their stocks rising as much as 3.63 per cent.
Asian stock markets gained Monday after coronavirus vaccine maker AstraZeneca agreed to increase supplies to Europe amid rising worries about the disease.
A tablet covered in a red velvet case bearing the Government of India emblem, has now replaced the iconic Bahi khata and the historic Budget briefcase.
Sitharaman had earlier this month stated that the budget for the fiscal year beginning April will be "like never before". Here are details on when and where to watch the Union Budget 2021.
Delhi: In the national capital, the price of 22-carat gold at Rs 47,970 per 10 grams. Whereas for buying 10 grams of 24-carat gold you will need Rs 52,320.
On January 29, the BSE Sensex plunged 588.59 points or 1.26 percent to close at 46,285.77. Similarly, the NSE Nifty fell 182.95 points or 1.32 percent to end below 14,000 mark at 13,634.60.A bad bank can act as an aggregator of all stressed assets in the system and work towards the resolution of these assets whereas banks can focus on business.
The government has taken several steps to support and revive the economy such as introducing labour reforms, production-linked incentives, and relief packages particularly for the MSMEs.Oil prices edged higher on Monday after a weak start, holding on to the past three months of gains, although patchy coronavirus vaccine rollouts, new infections and the discovery of new variants are keeping a lid on prices.Sitharaman had earlier this month stated that the budget for the fiscal year beginning April will be "like never before". Here are details on when and where to watch the Union Budget 2021.
The government could look at providing deductions for expenses incurred by salaried employees while working from home in the upcoming Budget as it looks forward to boosting demand.Due to the pandemic adversely hitting business and jobs, personal and corporate income has taken a severe beating. Banks are facing a fresh onslaught of non-performing assets (NPAs) in unsecured loans, MSMEs and services sector.
Last week, BSE Sensex slipped 2,592.77 points or 5.3 percent to end at 46,285.77 and while the Nifty50 fell 737.3 points or 5 percent to finish at 13,634.60 levels.Asian shares tried to rally on Monday as Wall Street continued to struggle with doubts about vaccine rollouts and economic recovery, while silver surged as newly empowered retail investors turned speculative eyes to precious metals.Sitharaman's team will navigate often competing, multiple demands from various sectors, citizens, and stakeholders to provide a probable balm in these Covid times.
The third one in two years for Finance Minister Nirmala Sitharaman, this budget aims to pave way for India's economic path after what the Economic Survey termed a 'once in a century crisis’.The government may reduce the tax burden to push more demand by ensuring more disposable income. This is aimed to be done through tax proposals to incentivise the new tax regime rather than any major overhaul in the income tax slabs.
Asian shares wavered on Monday amid worries that problems with vaccine rollouts combined with new strains of COVID19 will delay a global economic recovery that has already been baked into the market's rich valuations.The chief executives of ExxonMobil Corp and Chevron Corp held preliminary talks in early 2020 to explore combining the two largest U.S. oil producers in what would have been the biggest merger of all time, according to people familiar with the matter.Wall Street is gearing up for another week of market mayhem, with signs that the retail frenzy that pumped up the stock prices of the likes of GameStop Corp and AMC Entertainment Holdings Inc is spreading to other assets.The chief executives of ExxonMobil Corp and Chevron Corp held preliminary talks in early 2020 to explore combining the two largest U.S. oil producers in what would have been the biggest merger of all time, according to people familiar with the matter.
Procter & Gamble is cleaning up during the pandemic.
On three hours of sleep a night and with no time to eat, one New Yorkbased hedge fund manager overseeing billions in assets called last week the most stressful of his life.
The meeting will take place in room number 62 in Parliament House ahead of the Budget session.
Vidyut Mohan, a 30-year-old environmentalist, pointed out that Liberalisation was that necessary evil that polluted our rivers with industrial waste and corrupted our air quality with unregulated smoke emissions.
The number could be upped further as more number of GST sales returns get filed.Melvin Capital, the hedge fund at the center of the GameStop drama, lost 53% in January but received commitments for fresh cash from investors in the last days of the month, a source familiar with the fund said on Sunday.
It's a fable for our times: Small-time investors band together to take down greedy Wall Street hedge funds using the stock of a troubled video-game store.India’s first full time Finance Minister will be coming up with the annual economic document for the third time in three years.
Tyreek Hill sprinted past cornerback Carlton Davis again, caught the ball in stride and then cut so sharply that safety Mike Edwards ended up flailing at him with one arm near the sideline. Hill casually jogged a few more yards before pausing at the goal line and doing a backflip into the end zone.
Frustration is building over the pace of COVID-19 vaccinations at long-term care sites, where some homes still await first shots while fending off a virus that can devastate their residents.
While there are prominent economists who believe that gender budgeting mars the work of feminist economists who want to redesign economic policy and allocations on the grounds of equality, there are many who think that the gendered perspective has indeed helped give impetus to women-targeted schemes and policies.Abu Dhabi Commercial Bank said on Sunday it posted a 27% drop in net profit for 2020, as it booked significantly higher provisions including new ones for troubled hospital operator NMC, for which it had nearly $1 billion in lending exposure.Britain's government is working on a recovery plan for the country's COVIDbattered economy, a source said on Sunday, as ministers direct their attention to trying to restore growth for businesses hit hard by the pandemic.Chinese smartphone maker Xiaomi Corp said on Sunday that its legal complaint against the U.S. Department of Defense and the Treasury Department was to protect the company's interests, in a notice on the Hong Kong stock exchange.Tunisia will issue debt worth up to $3 billion this year and aims to roll over some existing credit arrangements while setting in train wider economic reforms, Finance Minister Ali Kooli told Reuters in an interview.
PGCIL has been declared as the successful bidder under tariff-based competitive bidding to establish two transmission systems, the company said in a BSE filing.
The six-member MPC headed by RBI Governor is scheduled to meet for three days starting February 3. The resolution meeting would be announced on February 5.Quarterly earnings of HDFC, Adani Power, Hero MotoCorp and M&M would remain in focus this week. The Economic Survey 2020-21 was tabled in the Lok Sabha on Friday.While various economic packages and reforms announced by the government in 2020 had kept the economy afloat, Budget 2021 is also being looked upon as a watershed event that is expected to lift and give an impetus to the Indian economy.Dubai's house prices are expected to fall at a slower pace this year and next than previously thought as hopes for a successful vaccine rollout and an economic recovery boost confidence in the sector, a Reuters poll showed.Billionaire investor Steve Cohen, seen by small investors as an enemy in the GameStop stock drama this week, deleted his Twitter account because of what he said were threats against him and his family, a spokeswoman said on Saturday.A longtime federal employee has been fined $5,000 and given two years of probation for cutting communication between air traffic controllers and planes flying above Honolulu in early 2019.
The owner of the New York Mets says he has dropped off Twitter because his family received threats that he attributed to misinformation" that was not tied to the baseball team.Travelers on airplanes and public transportation like buses and subways will be required to wear face masks starting next week to curb the spread of COVID19.British online fashion retailer ASOS is on the verge of a deal to buy Topshop and Miss Selfridge from the administrators of British tycoon Philip Green's Arcadia Group for almost 300 million pounds ($411 million), Sky News reported.Social media company Reddit was experiencing problems on its website on Saturday, according to outage monitoring website Downdetector.com.
