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Economy

Foreign remittance above Rs 7L to attract 5% tax from Oct 1

New Delhi, (IANS) Tax collection at source (TCS) on foreign remittances will only be applicable on the amount in excess of Rs 7 lakh...

Invest more in healthcare to combat Covid, say health leaders

New Delhi, Sep 9 (IANS) The 73rd Regional Committee Session of WHO South-East Asia Region began on Wednesday, with health leaders emphasizing on greater...

Amazon plans to hire 33,000 people in US

San Francisco, Sep 9 (IANS) As its businesses flourish even during the pandemic, Amazon on Wednesday said it currently has in the US 33,000...

Link between pandemic and economy weakening: Credit Suisse

New Delhi, Sep 8 (IANS) Seroprevalence studies in various cities now show 15-100 times higher infections than reported cases Covid, implying a significantly lower...

India now ranks 4th in renewable energy: Modi

New Delhi, Sep 8 (IANS) Pointing out that India ranks fourth globally in terms of renewable energy, Prime Minister Narendra Modi has said that...

India’s GDP contraction should alarm everyone: Raghuram Rajan

New Delhi, Sep 7 (IANS) A week after India reported a significant contraction in its GDP during the April-June quarter of 2020-21 fiscal, former...

Last week’s reversal puts markets under pressure

BY ARUN KEJRIWAL Markets were on a roller coaster ride last week and the optimism and bullishness of the previous week just vanished. We had...

US equities post weekly losses amid tech sell-off, economic data

New York, Sep 6 (IANS) US equities decreased in the past week as investors rotated about of the tech sector while digesting a slew...

India’s forex reserves rise by over $3 billion

Mumbai, Sep 5 (IANS) India's foreign exchange reserves jumped higher by $3.883 billion during the week ended August 28. According to the Reserve Bank of...

Worst behind us, Indian economy witnessing V-shaped recovery: DEA

New Delhi, Sep 4 (IANS) Days after India reported a 23.9 per cent contraction in its gross domestic product (GDP), the Department of Economic...