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UN faces cash crisis, shuts down headquarters; here is why

The world organisation is facing the worst cash crisis in nearly a decade and it might not be able to pay the salaries to its officials next month, said the Secretary-General Antonio Guterres.

G20-Meeting-Nirmala-Sitharaman-Washington-DC-Economy-Money-Markets-Business-DKODING
G20 Meeting: Sithraman calls for concerted action in the face of global slowdown

The Group of 20 (G20) has the responsibility to navigate global policy coordination in effective fashion by identifying and taking strong measures for building buffers and catalysing the second wave of reforms, Finance Minister Nirmala Sitharaman has said.

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Tata Motors, Motherson Sumi rally after Britain, EU agree on new Brexit deal

Shares of Tata Motors rallied by over 13 per cent and those of Motherson Sumi Systems gained by 9.3 per cent after Britain and the European Union (EU) agreed on a new Brexit deal.

Prabhakar-Parakala-Finance-Minister-Sitharaman-Husband-Economy-Money-Markets-Business-DKODING
Economic Slowdown: Sitharaman’s husband says govt in denial mode

Finance Minister Sitharaman’s husband Parakala Prabhakar has said that the government is in denial mode about the economic slowdown.

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IRCTC makes grand IPO debut

IRCTC, the online ticketing, tourism and the catering arm of railways, made a starlike debut on October 14, by listing at Rs 644 on the BSE, marking a 101% premium to its issue price of Rs 320 per share.

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94% of the income tax scrutiny for AY 2018-19 were in individual category

5,87,21,477 returns were checked against consistency rules and 5,87,13,458 returns meeting the consistency rules were used for statistical analysis, stated the CBDT. 5,52,60,219 ITRs were in the individual category.

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WEF Global Competitiveness Index: India slips 10 places, Pakistan ranks 110th

A report by the World Economic Forum (WEF) says that Pakistan has slipped three places and now ranks 110th among 141 countries on the international organisation’s annual Global Competitiveness Index (GCI).

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Sensex rallies over 400 points on strong global market cues

At 10:15 am, the BSE S&P Sensex was up by 421 points at 38,301 while the Nifty 50 edged higher by 114 points to 11,348. Except for IT and pharma, all sectoral indices at the National Stock Exchange were in the green while Nifty metal gaining 3.1 per cent.

New effective corporate tax rate shall be 25.17 percent: FM Sitharaman DKODING
Govt sets up high-level committee to look into GST revenue shortfall

The government on Thursday set up a high-level committee of officers to look into Goods and Services Tax (GST) revenue shortfall being faced by states and suggest measures for increasing collections.

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New IMF chief Georgieva warns of economic slowdown in 90% of world

The new chief of the International Monetary Fund, Kristalina Georgieva said on October 8, that the global economy is experiencing a ‘synchronized slowdown’, warning that it would worsen if governments failed to resolve trade conflicts and support growth.

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