Business

Singapore is one of the world's most open economies and is seen as a barometer for the health of global trade, and the dismal figures are a warning sign that the global economy is heading for a deep downturn.

He also said there is an additional danger" posed by the lack of any known analysis done by the RBI on whether we are getting into what he termed as a J-part of the interest rate curve.

The reserves had crossed the half-a-trillion dollar mark for the first time in the week ended June 5 after it had increased $8.22 billion and reached $501.70 billion.

Last year, Washington scrapped India's trade concessions under the GSP programme that allowed duty-free entry to the US market for up to $5.6 billion of Indian exports in retaliation for New Delhi's high tariffs and rules on e-commerce.

These employees form over 80 per cent of its overall workforce and the decision has been taken in recognition of the services rendered during the COVID-19 pandemic, said sources.

Speaking on the coronavirus pandemic and its impact, Kamath said that steps taken by the government have worked well for the Indian economy.

DHFL promoters Kapil and Dheeraj Wadhawan, under arrest, are facing probe from Enfrocement Directorate and the Central Bureau of Investigation.

The document also says Zhao helped his girlfriend secure a high-paying job with a livestreaming company, and accepted gifts from business partners.

Aviation turbine fuel (ATF) price was hiked by Rs 2,922.94 per kilolitre (kl), or 7.48 per cent, to Rs 41,992.81 per kl in the national capital, according to a price notification by state-owned oil marketing companies.

FMCG major HUL Chairman Sanjiv Mehta said the path back to growth will depend on a range of drivers, including the trajectory of coronavirus, effectiveness of containment efforts and economic steps taken by governments, among others.

According to a report by Wall Street Journal, a campaign led by the National Security Council and a handful of US agencies is trying to rally European governments to uproot Nuctech Co.

Forex traders said weak domestic equities, foreign fund outflows and rising COVID-19 cases weighed on investor sentiments. However, weak American dollar supported the local unit and restricted the decline.

The CBDT has also stated that while determining value of perquisites, no exemption will be available in respect of free food and non-alcoholic beverage provided by employer through paid voucher.

The RBI had increased the borrowing limit of scheduled banks under the marginal standing facility (MSF) scheme from 2 per cent to 3 per cent of their Net Demand and Time Liabilities (NDTL) with effect from March 27, 2020.

On the occasion of International MSME Day, SBI managing director C S Shetty on Friday addressed MSME customers and employees across the nation video conference.

The Singh brothers are lodged in jail in connection with a case of alleged misappropriation of funds of Religare Finvest Ltd.