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India provided 15 tonne of medical supplies to coronavirus-hit China: Govt

New Delhi: India provided 15 tonnes of medical supplies to coronavirus-hit China comprising masks, gloves and other emergency medical equipment at a cost of about Rs 2.11 crore, the government informed the Lok Sabha on Wednesday. In a written reply to a question in the Lok Sabha, Minister of State for External Affairs V Muraleedharan said the medical supplies included …

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Demand for petrol, diesel falls even on lower retail prices

New Delhi: Blindsided by Covid-19, domestic demand for petrol, diesel, jet fuel and shipping fuel has fallen by over 10 per cent in the first two weeks of March even though the global oil market remained favorable for Indian consumers with sharp fall in both crude and petroleum product prices. Sources in public sector oil marketing companies said that though …

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No plan to privatise Indian Railways as it belongs to people: Goyal

New Delhi: There is no plan to privatise Indian Railways as it belongs to the people of the country, Railways Minister Piyush Goyal asserted in Rajya Sabha on Tuesday after some members raised concerns over it. Replying to a discussion on the working of the Ministry of Railways, Goyal announced an investment of Rs 50 lakh crore in the national …

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BIZ SCAN

Hyundai launches All New CRETA PANAJI: Hyundai Motor India Ltd,  Tuesday launched the most awaited All New CRETA,  The Ultimate SUV, set to define the new benchmark in its segment with its futuristic design, power packed performance and extensive array of comfort and convenience features. Speaking at the launch Shrikrishna Zambodkar, General Manager, Alcon Hyundai Porvorim, Goa, said, “All New …

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Govt presents Budget of over Rs 1 lakh crore for J&K for FY’21

New Delhi: The Centre on Tuesday presented a Rs 1-lakh crore budget for Jammu and Kashmir for 2020-21, and said the “highest ever” allocations reflect its commitment to make the Union Territory “a model of development”. The government also presented a separate expenditure plan of Rs 55,317.81 crore for the last five months of the current fiscal. The Budget for …

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Das hints at rate cut; RBI presser turns a whimper

Mumbai: The RBI on Monday hinted at a rate cut but stopped short of a decision, belying market expectations at a hurriedly called presser even as it announced some liquidity enhancing measures to contain the economic fallout from the coronavirus. But Governor Shaktikanta Das was quick to assure that the Reserve Bank has “enough policy tools and stands ready to …

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‘No decision made to discontinue printing of Rs 2,000 banknotes’

New Delhi: The government on Monday said no decision has been taken to discontinue printing of Rs 2,000 banknotes, and state-owned SBI and Indian Bank are reconfiguring ATMs for Rs 500 and Rs 200 notes. “No indent was placed with the presses for printing of Rs 2,000 denomination notes for 2019-20. However, there is no decision to discontinue the printing …

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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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