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Retail Inflation Worsens To 7.61% In October
Edited by Abhishek Vasudev (with inputs from Reuters) | Thursday November 12, 2020Food price inflation rose 11.07 per cent in October compared with 10.68 per cent in the previous month. -
Rupee Weakens 28 Paise Against Dollar; Settles At 74.64
Edited by Nikita Prasad (With inputs from Agencies) | Thursday November 12, 2020During the session, the domestic unit recorded an intra-day high of 74.38 and a low of 74.74 against the US currency. -
India's GDP To Shrink By 8.9% In 2020, Says Moody's
Edited by Abhishek Vasudev (with inputs from Reuters) | Thursday November 12, 2020The government announced a fresh round of stimulus taking the total to around 29.88 lakh crore or 15 per cent of the GDP to help pull the economy. -
Atmanirbhar Bharat 3.0 Adds Diwali Sparkle To Realty: Property Consultant
Edited by Nikita Prasad | Thursday November 12, 2020As part of the announcement, the first-time buyers of houses pricedup to Rs 2 crore will get income tax relief of up to 20 per centand this will be available till June 30, 2021. -
Atmanirbhar Bharat 3.0: Key Takeaways From Finance Minister's Stimulus Package
Edited by Nikita Prasad | Thursday November 12, 2020The finance minister's announcements under Atmanirbhar Bharat 3.0 come one day after the cabinet approved the Production-Linked Incentive (PLI) scheme for 10 champion sectors -
Sensex, Nifty Snap 8-Day Winning Streak Dragged By Banks
Edited by Abhishek Vasudev | Thursday November 12, 2020Five of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty PSU Bank index's over 2 per cent fall. -
Rs 29.88 Lakh Crore Provided In Stimulus To Revive Economy From COVID-19: Finance Ministry
Edited by Abhishek Vasudev | Thursday November 12, 2020The Reserve Bank of India's stimulus measures amounts to Rs 12,71,200 crore, Finance Ministry's presentation showed. -
Atmanirbhar Bharat 3.0 Takes Overall Economic Support To 15% Of GDP: Nirmala Sitharaman
Edited by Sandeep Singh | Thursday November 12, 2020Economists said the new package included the March allocation as well as liquidity measures announced by the central bank worth Rs 6.5 lakh crore. -
Income Tax Relief For Developers, Home-Buyers To Boost Real Estate Demand
Edited by Peter Noronha | Thursday November 12, 2020Finance Minister Nirmala Sitharaman has announced income tax relief for developers and home-buyers in order to boost the demand for residential real estate, as part of Atmanirbhar 3.0 stimulus measures announced to push economic growth. -
Government's Stimulus 3.0: Jobs Creation Scheme, Tax Relief In Housing
Edited by Peter Noronha | Thursday November 12, 2020Every EPFO registered established organisation, who take new employees who were never covered under EPFO or those who lost their job between Mar 1 and Sept 30 this year will receive benefits. -
Strong Recovery Emerging, Says Nirmala Sitharaman
Edited by Peter Noronha | Thursday November 12, 2020Economic Revival: All economic indicators are revealing that recovery is clearly happening, the Finance minister said and pointed out that GST collections were at Rs 1.05 lakh crore in October, up 10 per cent on a year-on-year basis. -
Nirmala Sitharaman Announces Atmanirbhar Bharat 3.0 Measures, Says Strong Recovery Clearly Happening: Highlights
Edited by Sandeep Singh | Thursday November 12, 2020Coronavirus cases are still surging in several parts of the country, which has been adding more than 40,000 cases a day. -
Startups Seek High-Tech Solutions For Massive Food Waste
Reuters | Thursday November 12, 2020Entrepreneurs are selling farmers apps to connect them to big buyers nationwide and using artificial intelligence to improve the rickety supply chains that lose one-fourth of India's produce to wastage. -
Indian Companies' Profits Rebound After World's Biggest Lockdown
Ishika Mookerjee, Bloomberg | Thursday November 12, 2020Aggregate net income of 46 NSE Nifty 50 members grew 4.8 per cent from a year earlier in the quarter through September, according to data compiled by Bloomberg. -
Sensex Falls Over 300 Points, Nifty Near 12,700 As Markets Off Record Highs
Edited by Sandeep Singh (with inputs from agencies) | Thursday November 12, 2020The government on Wednesday announced production-linked incentives worth about Rs 2 lakh crore spread over five years for manufacturers in 10 sectors.
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