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  • US jobless claims aid fall to 751,000, virus resurges Oct 29, 2020 08:00 PM IST

    US jobless claims aid fall to 751,000, virus resurges

    With Congress having failed to agree on any further stimulus this year, millions of unemployed Americans who will lose all their jobless benefits in the coming weeks and months will likely pull back further on spending.

  • Govt bans export of onion seeds Oct 29, 2020 07:25 PM IST

    Govt bans export of onion seeds

    Onion seed exports were worth $0.57 million during April-August this fiscal against $3.5 million in the full 2019-20 fiscal.

  • India's fiscal deficit at 114.8% of annual target at September-end Oct 29, 2020 06:41 PM IST

    India's fiscal deficit at 114.8% of annual target at September-end

    The fiscal deficit or gap between the expenditure and revenue had breached the annual target in July this year.

  • US economy notches record growth in third quarter Oct 29, 2020 06:29 PM IST

    US economy notches record growth in third quarter

    Gross domestic product rebounded at a 33.1 percent annualized rate last quarter, the Commerce Department said in its advance estimate on Thursday.

  • Putting binding clause on countries to implement TFA commitments in pandemic time not right, India tells WTO Oct 29, 2020 05:56 PM IST

    Putting binding clause on countries to implement TFA commitments in pandemic time not right, India tells WTO

    Fifteen developing country members have already achieved 100 percent implementation of the TFA. Developed countries were required to ensure full implementation when the TFA entered into force.

  • Eight core industries' output contracts 0.8% in September Oct 29, 2020 05:51 PM IST

    Eight core industries' output contracts 0.8% in September

    The decline in output during the month under review was lowest since March.

  • ECB to signal more stimulus as second-wave recession fears grow Oct 29, 2020 04:41 PM IST

    ECB to signal more stimulus as second-wave recession fears grow

    An expanding second wave of infections is threatening to overwhelm Europe before the winter, and Germany and France - the euro zone's two largest economies - announced new lockdowns on Wednesday.

  • Six states accounting for 32.7 percent of GVA poised for higher rural spend in FY21: Report Oct 29, 2020 03:51 PM IST

    Six states accounting for 32.7 percent of GVA poised for higher rural spend in FY21: Report

    The ratings agency said that the contribution of agriculture to GVA growth ranged between 4.8 percent to 11.2 percent during FY13-FY20 and is expected to increase to only 14.4 percent in FY21 (FY20 8.6 percent), despite the COVID--19 induced contraction in the industrial and services sectors

  • Economy getting back on track faster than expected, says PM Modi Oct 29, 2020 02:46 PM IST

    Economy getting back on track faster than expected, says PM Modi

    In an interview with the Economic Times, the Prime Minister also said that with regards to further stimulus measures, the government will ensure that all required measures needed to continue stimulating the economy are undertaken in a timely manner while ensuring overall macro-economic stability.

  • Explained: For the first time in its 98-year history, a Delhi University VC is  suspended. What were Yogesh Tyagi’s faults? Oct 29, 2020 01:30 PM IST

    Explained: For the first time in its 98-year history, a Delhi University VC is suspended. What were Yogesh Tyagi’s faults?

    Tyagi’s tenure was to have ended in March 2021. The education ministry has brought into the open the brewing discontent between the ministry and the VC on the vacant faculty positions. It was also not happy with the way Tyagi handled the 2019 teachers’ protest.

  • Shiv Nadar Foundation sets up Shiv Nadar University in Chennai Oct 29, 2020 01:21 PM IST

    Shiv Nadar Foundation sets up Shiv Nadar University in Chennai

    The academic session for Shiv Nadar University will begin in August 2021. The university begins its programmes with the School of Engineering & School of Commerce and Management.

  • Data analytics, AI, can help improve quality of assets: CEA Subramanian Oct 29, 2020 01:05 PM IST

    Data analytics, AI, can help improve quality of assets: CEA Subramanian

    Talking about opportunities, Subramanian said the Bilateral Netting of Qualified Financial Contracts law that had been passed recently paves the way for credit derivatives.

  • Govt releasing one lakh tonne of onion buffer stock: Agriculture Minister Narendra Singh Tomar Oct 29, 2020 11:40 AM IST

    Govt releasing one lakh tonne of onion buffer stock: Agriculture Minister Narendra Singh Tomar

    "The government has already taken cognisance of the issue of rising prices of onions and its one lakh tonnes of buffer stock is being released through NAFED,” Narendra Singh Tomar said.

  • India’s science-driven approach, people’s unity helped fight COVID-19 pandemic: PM Modi Oct 29, 2020 10:23 AM IST

    India’s science-driven approach, people’s unity helped fight COVID-19 pandemic: PM Modi

    PM Narendra Modi praised the people for being united in adapting their lifestyles to fight the pandemic

  • Govt in final stage of drafting e-commerce  policy, says Union Minister Som Parkash Oct 28, 2020 08:49 PM IST

    Govt in final stage of drafting e-commerce policy, says Union Minister Som Parkash

    Trade, e-commerce and FMCG companies have a huge presence in India along with a large consumer base that provides numerous opportunities for every player in this sector.

  • Record US third-quarter growth assured as goods trade deficit falls, inventories rise Oct 28, 2020 08:19 PM IST

    Record US third-quarter growth assured as goods trade deficit falls, inventories rise

    The anticipated surge in GDP was driven by a more than $3 trillion government rescue package early this year, which provided a lifeline for many businesses and the unemployed as the COVID-19 pandemic disrupted the economy.

  • Big Story | FM Sitharaman expects India to become one of the fastest-growing economies by FY22 Oct 28, 2020 05:54 PM IST

    Big Story | FM Sitharaman expects India to become one of the fastest-growing economies by FY22

    Foreign direct investment (FDI) has also risen despite the disruption caused by the coronavirus pandemic

  • Financial conditions recover significantly after hitting the abyss in April: CRISIL Oct 28, 2020 05:27 PM IST

    Financial conditions recover significantly after hitting the abyss in April: CRISIL

    CRISIL said the central bank’s measures have helped mitigate the large and broad-based economic damage caused by the pandemic. However, it made it clear that pockets of stress still remain, pointing to the weak bank credit growth, wider spreads on lower-rated corporate bonds, and fundamental pressures due to high government borrowing.

  • India-UK economic ties are important, says Finance Minister Nirmala Sitharaman Oct 28, 2020 04:50 PM IST

    India-UK economic ties are important, says Finance Minister Nirmala Sitharaman

    Finance Minister Nirmala Sitharaman said India and the UK have joint investment of up to 8 million pounds between their departments of biotechnology for research into factors leading to severity of the novel coronavirus

  • COVID-19: Rising fear of death, diseases see rise in PM Jeevan Jyoti Bima Yojana enrollments Oct 28, 2020 12:26 PM IST

    COVID-19: Rising fear of death, diseases see rise in PM Jeevan Jyoti Bima Yojana enrollments

    Between April 1 and October 9, 6.1 million new policies have been sold in FY21 between under the PM Jeevan Jyoti Bima Yojana scheme. This shows that 1.01 million policies have been bought every month in FY21.

  • Govt extends deadline to make payment under Vivad Se Vishwas scheme till March 31 Oct 28, 2020 08:06 AM IST

    Govt extends deadline to make payment under Vivad Se Vishwas scheme till March 31

    The Direct Tax Vivad se Vishwas Act, 2020 was enacted on March 17, 2020 to settle direct tax disputes locked up in various appellate forums.

  • Moneycontrol Daily: Your Essential 7 Oct 28, 2020 07:17 AM IST

    Moneycontrol Daily: Your Essential 7

    A daily round up of the most interesting articles to help jump start the day.

  • Service exports over 90% during COVID lockdown, India met all its global commitments: Piyush Goyal Oct 27, 2020 11:02 PM IST

    Service exports over 90% during COVID lockdown, India met all its global commitments: Piyush Goyal

    Goyal said India fulfilled every single service commitment to companies around the world

  • Consumer confidence dips to 100.9 as coronavirus spreads in US Oct 27, 2020 08:43 PM IST

    Consumer confidence dips to 100.9 as coronavirus spreads in US

    Consumer spending accounts for 70 percent of economic activity in the US, so a decline in confidence gets a lot of attention from economists, especially as the US heads into the crucial holiday shopping season.

  • Economy reviving, but GDP growth to be negative or near zero this fiscal: FM Nirmala Sitharaman Oct 27, 2020 07:55 PM IST

    Economy reviving, but GDP growth to be negative or near zero this fiscal: FM Nirmala Sitharaman

    Speaking at the India Energy Forum of CERAWeek, Finance Minister Nirmala Sitharaman said infrastructure, fintech and all employment generating and asset creating industries would be priority sectors for the government.

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