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Government Asks States To Borrow Rs 2.35 Lakh Crore To Meet Tax Shortfall
Reuters | Saturday August 29, 2020, New DelhiRevenue Secretary Ajay Bhushan Pandey said the states' tax shortfall in the fiscal year that began in April was estimated at Rs 3 lakh crore. -
India's Kharif Crop Plantings At Record High Amid Plentiful Monsoon Rains
Reuters | Saturday August 29, 2020, New DelhiThe farm ministry could revise its preliminary planting figures, however, as more data flows in from states. -
Gold Price Jumps Over 2% On Weakening Dollar, US Monetary Policy Shift
Reuters | Saturday August 29, 2020Low interest rates tend to support gold, which is a hedge against inflation and currency depreciation. -
Rupee Posts Biggest Weekly Gain In 20 Months
Reuters | Saturday August 29, 2020, MumbaiThe currency had been trading in a tight range until this week, as the Reserve Bank of India was seen regularly buying dollars via state-run banks to prevent a sharp appreciation in the rupee. -
India Gold Discounts Hit 5-Month High As Easing Price Fails To Push Demand
Reuters | Saturday August 29, 2020, Mumbai/BengaluruA Mumbai-based dealer with a bullion importing bank attributed the higher discounts to rising scrap supplies amid low demand. -
Banks Appointment Panel Recommends Dinesh Kumar Khara For SBI Top Job
Reuters | Saturday August 29, 2020, MumbaiDinesh Kumar Khara took up his current role in August 2016 for a three-year period, which was extended for another two years last year. -
Accelerating Ease Of Doing Business, Insurers Must Make Claims Painless: Government
ANI | Saturday August 29, 2020, New DelhiMinister of State for Finance and Corporate Affairs Anurag Thakur said that the post-COVID world will be very different and India's insurance sector must gear up to seize the moment. -
Top Court To Hear Fresh Plea On Extension Of Loan Moratorium Till Year-End
Edited by Abhik Deb (with inputs from agencies) | Friday August 28, 2020A three-judge bench ordered tagging of the fresh plea filed by lawyer Vishal Tiwari with the earlier pending petition on the issue -
Banks Board Bureau Recommends Dinesh Kumar Khara As Next SBI Chairman
Edited by Abhik Deb | Friday August 28, 2020The bank is currently headed by Rajnish Kumar, whose tenure is slated to end on 7 October -
Recovery Hopes For Economy Dashed Due To Rapid Surge In Virus Spread: Poll
Reuters | Friday August 28, 2020The Indian economy likely contracted by 18.3 per centin the first quarter this year, according to a poll of economists -
Sensex, Nifty End At Six Month Highs Led By Gain In Banking Shares
Written by Abhishek Vasudev | Friday August 28, 2020Eight of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty PSU Bank index's nearly 5 per cent gain. -
Rupee At Nearly 6-Month Closing High Of 73.40 Against Dollar
Edited by Sandeep Singh (with inputs from agencies) | Friday August 28, 2020Rupee Vs Dollar Rate: Analysts say weakness in the dollar overseas and gains in domestic equity markets amid strong foreign fund inflows supported the rupee. -
Rating Agencies Upgrade Yes Bank Bonds On Improved Liquidity, Shares Rise Nearly 5%
Edited by Abhik Deb (with inputs from agencies) | Friday August 28, 2020Yes Bank shares hit the intra-day high of Rs 15.41, up 4.75 per cent from the previous closing in early trade -
Sensex Surges Over 450 Points, Nifty Tops 11,650 Powered By Banks
Written by Abhishek Vasudev | Friday August 28, 2020Banking shares were witnessing strong buying interest as the gauge of banking shares on the National Stock Exchange rose 3%. -
Recovery Hopes Dashed For India's Recession-Hit Economy: Poll
Reuters | Friday August 28, 2020Indian economy likely shrank 18.3 per cent during that period, according to the August 18-27 poll of over 50 economists.
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