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Sensex crashes 2,713 pts as bears return

Mumbai: Equities succumbed to yet another brutal selloff on Monday, with the Sensex logging its second-biggest drop in absolute terms, as the coronavirus pandemic continued to wreak havoc on the global markets. The 30-share BSE Sensex plunged 2,713.41 points or 7.96 per cent to finish at 31,390.07. Likewise, the broader NSE Nifty gave up the 9,200 level, slumping 757.80 points …

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Don’t miss Mar 31 deadline for linking PAN-Aadhaar: I-T Dept

New Delhi: The Income Tax Department on Monday issued a public message saying it was “mandatory” to link PAN with Aadhaar and advised people not to “miss” the stipulated deadline of March 31. The department had last month said Permanent Account Number (PAN) will become “inoperative” if it is not linked with Aadhaar by this date. “Don’t miss the deadline! …

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‘Digital Yaans’ of SBI for transactions without ATM cards

NT NETWORK Panaji During 108th State Level Bankers’ Committee (SLBC) meeting held at Vivanta, Panaji on March 12, 2020, the “DIGITAL YAANs’ of state Bank of India was flagged off in the presence of Parimal Roy, Chief Secretary, Govt of Goa; K V Haridas,  Deputy Managing Director, SBI; Sanjay Kumar, General Manager, SBI;  Sanjay, Secretary Revenue; Nampoothri, GM, RBI; Kamakshi …

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Parliament approves Vivad Se Vishwas Bill

PTI New Delhi Parliament on Friday approved a  Bill that will provide an opportunity to taxpayers to settle their tax disputes by paying just due taxes with complete waiver of interest and penalty by March 31. The Direct Tax Vivad Se Vishwas Bill was passed by voice vote and returned by Rajya Sabha as it was a money bill. It …

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Sugarcane arrears of farmers down: Paswan

PTI New Delhi Food Minister Ram Vilas Paswan on   Friday said sugarcane arrears of farmers have come down significantly to Rs 1,314 crore from peak Rs 28,222 crore for the 2018-19 marketing year on the back of several measures taken by the Centre. Sugar marketing year runs from October to September. During Question Hour in Rajya Sabaha, Paswan said sugar …

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Goyal pitches for pvt sector investment, skills in railways

PTI New Delhi Union Railway Minister Piyush  Goyal on Friday made a strong pitch for private investment in railways, saying it will help the Centre realise the goal of Rs 50 lakh crore investment in the sector over the next 12 years. If it is only left to the government to raise all the money, then welfare schemes will be …

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RBI asks state govts not to move deposits out of pvt banks

PTI New Delhi The Reserve Bank of India (RBI) has asked state governments not to transfer their deposits out of private sector banks saying apprehensions about the safety of deposits in private lenders are highly misplaced. In a letter written to chief secretaries of all states, the central bank said moving deposits out of private sector banks could have implications …

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Sensex crashes 2,919 pts as corona contagion triggers global rout

PTI Mumbai Indian equity benchmarks suffered their biggest ever one-day plunge to crash into bear territory on Thursday as the coronavirus pandemic left a trail of red across global financial markets. After nosediving over 3,204.30 points on across-the-board selling, the 30-share BSE Sensex closed 2,919.26 points or 8.18 per cent lower at 32,778.14. Likewise, the broader NSE Nifty gave up …

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World production of natural rubber expected to increase

UNI Kottayam World production of natural rubber is expected to increase by 2.7 per cent to 17.177 million tonne this year, according to a report from the Association of Natural Rubber Producing Countries (ANRPC) on Thursday. “The world output is likely to be revised down as Indonesia is expected to come out with its revised forecast after making an assessment …

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Coronavirus not to impact cotton exports:CAI

PTI Mumbai The coronavirus outbreak will not have much impact on exports of cotton, Cotton Association of India (CAI) said projecting the overall shipments of the commodity for this season at 42 lakh bales. The cotton season begins from October. “The outbreak of coronavirus will not have much impact on exports as last year we did not ship much. We shipped …

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