Category

Moody's cuts India's rating to lowest investment grade with negative outlook

Indian News       Jun 01, 2020

NEW DELHI: Moody’s Investors Service downgraded India’s credit rating to a notch above junk on Monday, citing a prolonged period of slow growth in Asia’s third-largest economy, rising debt and persistent stress in parts of the financial system.   It said the cut to Baa3 from...

Insurers stare at a Rs 2000 crore hit from ``Amphan'' devastated WB and Orissa

Indian News       May 31, 2020

  Kolkata: The domestic general insurers are now expecting a Rs 2000 crore hit from two states- West Bengal (WB) and Orissa where cyclone ``Amphan'' has severly devastated some of parts of these two states. Till Saturday, the general insurance industry had already received claims worth...

Herd immunity as Covid-19 strategy risky, countries must make timely interventions: CSIR DG

Facts       May 31, 2020

New Delhi: Banking on developing herd immunity to fight coronavirus is “too large a risk” for any nation and only timely interventions can mitigate the spread of COVID-19, Director General of the Council of Scientific and Industrial Research (CSIR) Shekhar Mande said.   Herd immunity is...

ITR forms for 2019-20 notified; govt makes mandatory disclosure of electricity bill exceeding Rs 1L

Indian News       May 31, 2020

  New Delhi:  The government has notified forms for filing tax returns for income earned in 2019-20 and made it mandatory for people to file ITR in case their deposits in a current account exceed Rs 1 crore or electricity bill in the fiscal is Rs...

SC to decide if divorced daughter has same right to freedom fighter family pension as unmarried one

Facts       May 31, 2020

  New Delhi: Is a divorced woman entitled to her freedom fighter father's family pension like an unmarried or widowed daughter?   A high court said "yes", while another ruled: "No. It is not a bounty." The Supreme Court has now agreed to settle the question.   The...

Cyclonic storm over Arbian Sea to reach Maha & Gujarat next week: IMD

Indian News       May 31, 2020

  New Delhi: Low Pressure Over Arabian Sea May Intensify Into Cyclonic Storm, Reach Maha & Gujarat Next Week: IMD ow pressure area formed over the Arabian sea and Lakshadweep is likely to intensify further into a cyclonic storm and reach coastal states of Maharashtra and...

Global coronavirus cases surpass 6 million

International News       May 31, 2020

Global coronavirus cases surpassed 6 million on Saturday, according to a Reuters tally, as Latin America reported a grim milestone of 50,000 deaths from the disease.   Countries such as Brazil, Chile and Mexico are struggling to stem the spread of the virus, which initially peaked...

India records highest single-day spike of 8,380 cases; death toll climbs to 5,164

Indian News       May 31, 2020

New Delhi: India registered its highest single-day spike of COVID-19 cases on Sunday with 8,380 new infections reported in the last 24 hours, taking the country's tally to 1,82,143, while the death toll rose to 5,164, according to the Union Health Ministry.   The number of...

International flight operations to remain suspended till June 30:DGCA

Indian News       May 31, 2020

  New Delhi: Indian aviation regulator DGCA on Saturday said the suspension of scheduled international commercial passenger flights will continue till midnight on June 30, hours after the Home Ministry announced fresh guidelines pertaining to the countrywide lockdown to contain the coronavirus pandemic.   “It is once...

Indian states rush to identify high-risk zones to remain in lockdown

Indian News       May 31, 2020

NEW DELHI: Indian states on Sunday began identifying high-risk zones where coronavirus lockdowns should continue while the rest of country gears up to reopen in June despite a record rise in COVID-19 cases, officials said.   Prime Minister Narendra Modi’s government has extended lockdown until June...