The 134 signatory countries to the Declaration are home to over 5.7...
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Govt is committed to develop a `Global Reinsurance Hub’ in India: Sitharaman
Nirmala Sitharaman, Union Finance Minister Lloyd’s is evaluating...
Red Sea attacks on ships spark safety concerns for sailors
An attempted hijacking of a commercial vessel in the Gulf of Aden...
FPIs invest Rs 24,617 crore in February
As per the depositories’ data, Foreign Portfolio Investors (FPI) pumped in a net sum of Rs 10,426 crore into equities and Rs 14,191 crore into the debt segment between February 3 and 14. This adds up to a total net investment of Rs 24,617 crore.
Govt allows firms to list global depository receipts at IFSC
A depository receipt is a foreign currency denominated instrument, listed on an international exchange, issued by a foreign depository to a domestic custodian and includes GDRs.
About 92% of large taxpayers filed annual returns for 2017-18: GSTN
The top three states where businesses registered under GST (Goods and Services Tax) recorded maximum return filing are Maharashtra (96 per cent) followed by Rajasthan and Gujarat (95 per cent each).
New optional tax regime could adversely affect dwindling savings:Experts
-According to reports, over the past six years, India’s savings rate has been considerably declining. In 2012, the overall saving rate in India was around 36 per cent but it is now down to 30 per cent.
-The finance ministry expects at least 80 per cent of the taxpayers to move to the new income tax regime, Revenue Secretary Ajay Bhushan Pandey had earlier said.
More firms in India complying with CSR norms under Companies Act: Report
“While the overall CSR spending is increasing, it is also heartening to observe the increase in number of companies going beyond the 2 per cent mandate and even companies who are not required to spending allocating budgets for CSR and spending,” said Santhosh Jayaram, Partner and Head, Sustainability and CSR Advisory at KPMG in India.
6-7% LIC stake dilution enough to mop up ₹90,000 crore: CEA KV Subramanian
“There are legislative amendments required here in LIC. But I think this (LIC listing) is doable. LIC is a just a case of listing. I would think that about 6-7 per cent would be enough to get the entire ₹90,000 crore. I have done some back of the envelope calculations based on that… can say that just selling 6-7 per cent will be enough to mop up ₹90,000 crore,’
Coronavirus could damage global growth in 2020, says IMF
In its January update to the World Economic Outlook, the IMF lowered global economic growth forecast in 2020 by a 0.1 percentage point to 3.3 per cent, following a 2.9 per cent growth the previous year, the lowest in a decade.
Coronavirus triggers major dislocation in global supply chains
“All the signs are that there has been a major dislocation in global supply chains and commodity trade as well,” said Caroline Bain, chief commodities economist at Capital Economics. For some products “it’s only going to get worse in February data.”
COVID-19 coronavirus:Chinese tourist in France, first such death in Europe
-European Commissioner for Health and Food Safety Stella Kyriakides warned ministers at the event in Brussels that “viruses know no borders”,
-She said coordination within the EU was vital in fighting the virus, including sharing information and cooperation between countries.“We are determined to ensure an effective, coherent EU-level response,” she said, adding: “We need to be united in our response – coherent and coordinated with each other.”
COVID-19 coronavirus:Locking people up to stop virus spread could prompt legal fights
The measures stop well short of the response to the outbreak in China, where the authorities have locked down cities and regions with tens of millions of residents. Still, the moves are unprecedented in recent years for western democracies as governments try to balance the need to protect public health against a desire to uphold individual rights.