China’s trade growth accelerated in September as the world’s second-largest economy recovered from the coronavirus pandemic. Exports rose 9.9% over a year earlier to 239.8 billion, up from August’s 9.5% growth, customs data showed Tuesday. Imports gained 13.2% to 202.8 billion, up from the previous month’s 2.1% contraction. Exporters have … Read more
Month: October 2020
SIP inflows drop for 6th month in Sept; investors prefer to maintain liquidity
Investment in mutual funds through SIPs remained lacklustre with inflow dropping for the sixth-consecutive month to Rs 7,788 crore in September amid challenging economic environment. The trend is expected to reverse only slowly as investors feel more confident to save more once their own income stream stabilises, said Vidya Bala, … Read more
India’s GDP may contract 10.3% in FY21 : IMF
With the country and world reeling under the impact of the coronavirus pandemic, the Indian economy is expected to grow at -10.3 % ( i.e., a contraction) in 2020 as per the International Monetary Fund (IMF). Global growth is projected to be -4.4% ( i.e., a contraction in output of … Read more
Facebook, Google, Amazon, LinkedIn could face domestic taxes
Global internet giants such as Google, Facebook, Amazon, LinkedIn and Netflix could face larger domestic tax liability in India after OECD (Organisation for Economic Co-operation and Development) postponed a common tax framework for global companies. This move will allow countries like India to go ahead with their own plan to … Read more
Akshay Kumar starts filming YRF’s ‘Prithviraj’ after wrapping up ‘Bell Bottom’ shooting in the UK
Superstar Akshay Kumar has started shooting for Yash Raj Film’s (YRF) biopic on Samrat Prithiviraj Chauhan. Titled “Prithviraj”, the movie will be directed by critically-acclaimed writer-director Chandraparaksh Dwivedi. YRF is producing the project. Dwivedi is best known for directing and starring in television epic “Chanakya” (1991). He also directed movie … Read more
Japan vows to boost missile defense after North Korea parade
Japan vowed Monday to bolster its missile deterrence capability to respond to threats by North Korean weapons that are becoming more diverse and complex, as displayed during Pyongyang’s military parade over the weekend. North Korea, marking the 75th anniversary of its ruling party, paraded a variety of weapons systems, unveiling … Read more
Delhi Skill and Entrepreneurship University to help boost business skills of youth.
Delhi CM Arvind Kejriwal, Education Minister Manish Sisodia and senior members of the university attended the meeting online. The Aam Aadmi Party government’s ambitious project — Delhi Skill and Entrepreneurship University (DSEU) held its first board meeting on Monday. The university was established through an Act of Delhi Legislative Assembly. … Read more
Assam will start ‘strict fight’ against ‘Love Jihad’ if BJP voted back to power in 2021: Himanta Biswa Sarma
Himanta Biswa Sarma said the state government will start a “strict fight” against ‘Love Jihad’ if the saffron party again comes to power in the 2021 assembly elections. Election to the 126-member Assam Assembly is due in March-April next year. Assamese people are losing five constituencies in every assembly election … Read more
Co-producer of PM Modi’s biopic Amit Wadhwani receives death threat on social media.
PM Modi’s biopic co-producer Amit Wadhwani receives online death threat, files complaint with cyber cell Industrialist Amit B Wadhwani, the co-producer of PM Narendra Modi, the biopic on the Prime Minister featuring Vivekanand Oberoi in the lead and directed and co-produced by Sandip Ssingh, has lodged a complaint with the … Read more
RBI to Move to Next Generation Treasury Application for Managing Forex, Gold Reserves
The Reserve Bank has decided to move to the Next Generation Treasury Application (NGTA) for managing the country’s foreign exchange and gold reserves. The NGTA, according to the RBI, would be a web-based application providing scalability, maneuverability and flexibility to introduce new products and securities, besides supporting multi-currency transactions and … Read more