Combined fiscal deficit to cross 13 per cent: Report

Combined fiscal deficit to cross 13 per cent: Report

Saturday, 31 October 2020 | PTI | Mumbai

The pandemic-induced growth contraction and additional spending to support the needy amounting to a little over 2 per cent of the economy are likely to push the combined fiscal deficit to 13 per cent of GDP this fiscal - nearly double of the past year, according to a report. Similarly, these...

Vodafone Idea shares jump nearly 5% after Q2 earnings

Saturday, 31 October 2020 | PTI | New Delhi

Shares of Vodafone Idea on Friday gained nearly 5 per cent after the company reported significant narrowing of losses to about Rs 7,218 crore for the September quarter.   The stock rose 4.42 per cent to close at Rs 8.75 on the BSE. During the day, it gained 6.44 per cent...

15th Finance Commission finalises report, to submit it to President on Nov 9

Saturday, 31 October 2020 | PNS | New Delhi

The 15th Finance Commission will submit its report for fiscal years 2021-22 to 2025-26 to President Ram Nath Kovind on Nov 9, an official statement said on Friday.   The commission under Chairman NK Singh on Friday concluded its deliberations on the report. The report was signed by Singh and members of...

7,000 tonnes of onion imported: Govt

Saturday, 31 October 2020 | PTI | New Delhi

As retail onion prices skyrocket to over Rs 80 a kg in some parts of the country, Consumer Affairs Minister Piyush Goyal on Friday said private import of 7,000 tonnes and another 25,000 tonnes  shipment before Diwali are expected to improve the domestic supply situation and check price rise of...

US Q3 economy rebounds after sharp contraction, recovery momentum slows

Saturday, 31 October 2020 | IANS | Washington

US economic activity grew at a record pace in the third quarter (Q3) after a record decline amid COVID-19 shutdowns, recovering about two-thirds of the ground lost in the first half of year. With surging cases and an uncertain prospect for more stimulus, the momentum toward recovery is slowing. Analysts believe...

Disney World to lay off 11,000 amid pandemic

Saturday, 31 October 2020 | AP | Orlando (US)

Walt Disney World says it plans to lay off more than 11,000 unionized workers because of the new coronavirus, bringing the total number of pandemic-related job casualties at the Florida resort to almost 18,000 positions. Disney World said in a letter to state and local leaders Thursday that the 11,350 union...

Yamaha ties up with Amazon India to sell apparels, accessories online

Saturday, 31 October 2020 | PTI | New Delhi

Two-wheeler maker India Yamaha Motor on Saturday said it has tied up with Amazon India to sell its range of apparels and accessories online. This is for the first time in India that the company would sell its apparels and accessories online, India Yamaha Motor said in a statement. With this move...

Two same-sex couples in military marry in first for Taiwan

Saturday, 31 October 2020 | AP | Taoyuan (Taiwan)

Two lesbian couples tied the knot in a mass wedding held by Taiwan’s military on Friday in a historic celebration with their peers. Taiwan is the only place in Asia to have legalised same-sex marriage, with more than 4,000 such couples marrying since the legislation passed in May 2019. The mass...

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