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September 2020 GST collections increase confirms Lockdown relaxations yields Sales

Though corona virus spread has increased and India become the world fastest cases per day in the global touching 6.4 million and ranks 2nd in the global list next to USA . But thanks to relax of lockdown and  gross GST revenue collected in the month of September rose sequentially to Rs 95,480 crore from Read More…

Industries Jobs Market

Q1 2020 : Exports fall drastically by 25.42% says Union Minister Piyush

India’s overall export (merchandise plus services) has declined by 25.42% during the period April-June, 2020 as compared to the corresponding period of the previous year, the ministry of commerce and industry said in a statement on Wednesday.   “The quick estimate of the Index of Industrial Production (IIP), released by the Ministry of Statistics and Read More…

Business China Companies Indian Subcontinent Industries Market Voice

59 Chinese apps ban China reminds legal rights of International investors in India

A day after the central government banned TikTok, a popular short video-sharing platform, and 58 other Chinese mobile apps in the country citing security reasons, China has responded by saying that they are “strongly concerned” and are verifying the situation. Chinese Foreign Ministry spokesperson Zhao Lijian on Tuesday said that China is “strongly concerned” and Read More…

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Modi Stimulus fails to trigger confidence says Experts ,Sensex nosedives

[splco_heading size=”15″ align=”left” margin=”30″]Sensex dropped 1069 points on Monday  and Nifty breached its crucial support of 8,900 level in Mumbai trade on Monday morning.In Contrast European shares bounced on Monday after their worst week in two months, as investors hoped for a gradual economic recovery with many countries easing coronavirus-led lockdowns.[/splco_heading]   Analysts are trying Read More…

Indian Subcontinent Industries Voice

Labour Law Revision Row : Indian trade unions calls for nationwide protests on May 22

[splco_heading size=”15″ align=”left” margin=”30″]Ten of the dozen central trade unions on Friday announced nationwide protests on May 22 against the labour law changes. In the national capital, the trade union leaders will gather at the Gandhi Samadhi at Rajghat to observe a day-long fast.[/splco_heading]   The Rashtriya Swayamsevak Sangh (RSS) affiliated Bharatiya Mazdoor Sangh is Read More…

Business Companies Technology

Singapore based DBS joined Contour trade-finance blockchain network

DBS Bank announced that it is the first Singaporean bank to join the Contour trade-finance blockchain network, which is built on R3’s Corda and digitalises global trade processes such as the creation, exchange, approval and issuance of letters of credit (LC).   Joining Contour’s growing ecosystem of banks and partners, aligns with DBS’ ongoing efforts Read More…

America Asia Business Industries Market World

Trump’s tweet on Chinese imports tariff hike damaged global markets

US President Donald Trump’s tweet threatening to hike tariff on Chinese imports has caused a bloodbath in global equity markets, including India.   Shanghai Stock Exchange’s SSE Composite Index closed a whopping 5.58% lower at 2,906.46, its worst loss since February 2016 when it had tanked 6.4% in intra-day day.   The smaller-cap Shenzhen Composite Read More…

America Business China Industries Market

Unprecedented GDP growth in China hits 28 year low

  China’s economic growth cooled slightly in the fourth quarter from a year earlier as expected, weighed down by weak investment and faltering consumer confidence as Washington piled on trade pressure, leaving 2018 growth the weakest in 28 years.   Signs of further cooling in China which has generated nearly a third of global growth Read More…

Business

Rupees touched historic low 70.32 and India trade deficit widen to 18 billion US$

The Indian rupee dropped to a historic record low in opening deals on Thursday with investor sentiment affected by a widening trade deficit on the domestic front and the broad rise in the US dollar versus other Asian peers. The partially convertible rupee was trading at 70.25/26 per dollar, at 0343 GMT, versus its Tuesday’s Read More…