ECONOMY

Monthly Archives: MARCH 2020


From today, these 5 new Income tax rules come into effect
NEW FINANCIAL YEAR
31.03.20 - Team PT

The new financial year 2020-21 is starting from today (April 1). In view of the lockdown to check the spread of corornavirus, the government had earlier extended the deadline for filing income tax returns for 2018-19 as well as that for linking PAN with ...
  


PM ‘cares’ but for whom? What happened to the PM's National Relief Fund?
CONTROVERSY
31.03.20 - Team PT

Prime Minister Narendra Modi's decision to establish the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund, or the PM CARES Fund, amid the ongoing COVID-19 crisis, has triggered a controversy with many questioning the logic behind it. 

PM cares. But ...
  


We have entered recession, that will be worse than in 2009 following the global financial crisis: IMF chief
COVID-19 IMPACT
28.03.20 - Team PT

The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said Friday.

"It is clear that we have entered a recession” that will be worse than in 2009 following the global financial ...
  


Rs 50 Lakh Medical Insurance, cash transfer, free LPG, grains, part of centre's coronavirus package
TO TACKLE LOCKDOWN IMPACT
26.03.20 - Team PT

To protect the poor from the economic impact of the 21-day nationwide lockdown, the Narendra Modi government today announced a Rs 1.7 lakh crore Prime Minister Gareeb Kalyan Yojana. Finance minister Nirmala Sitharaman said the relief package includes direct benefit cash transfers, free LPG, grains ...
  


Amarinder terms FM’s announcements as inadequate to address concerns of people
ECONOMIC MESS IN WAKE OF COVID-19
24.03.20 - Team PT

Punjab Chief Minister Captain Amarinder Singh has expressed disappointment over the announcements made by the Union Finance Minister, terming them as inadequate to address the concerns of the people, businesses and industry in the light of the COVID-19 pandemic gripping the nation.

The announcements made by ...
  


No need to panic; India has enough food stocks to tide over Corona Virus crisis
EXPERT SPEAK
19.03.20 - Devinder Sharma

As European Union sealed its borders in a desperate attempt to put the brakes on the ferocious spread of the corona virus pandemic, a young Indian student returning from Italy recounted how the battle for a loaf of bread has intensified in a country which ...
  


SBI cuts interest rates on savings accounts; Waives average bonthly balance requirement
11.03.20 - Team PT

The State Bank of India, country's largest lender, today rationalised interest rate on all savings bank (SB) accounts to a flat 3%, a move affecting 44.51 crore account holders. Currently, the interest rate on SBI saving accounts is 3.25% for deposits up to Rs 1 ...
  



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