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Govt, RBI to take all necessary steps to quell ‘fear sentiment’ around coronavirus: CEA

The government and the RBI will take all necessary steps to quell the "fear sentiment" created due to coronavirus, Chief Economic Advisor Krishnamurthy Subramanian...

Good news for Central govt employees, DA hiked by 4 per cent

Union Cabinet on Friday approved a 4 per cent increase in Dearness Allowance for Central government employees and pensioners. Dearness Allowance/Dearness Relief is based...

Bloodbath in market; Sensex slumps nearly 3,000 points | Global stocks, oil plunge as Trump travel ban fans recession fears

Tracking a crash in global equities after the coronavirus outbreak was termed a global pandemic by World Health Organization, Indian indices were hit today...

Current account deficit narrows sharply to USD 1.4 bn in Dec quarter

The country’s current account deficit (CAD) narrowed sharply to USD 1.4 billion, or 0.2 per cent of GDP, for the December 2019 quarter, the...

Parliament passes Insolvency & Bankruptcy Code Bill

The Insolvency and Bankruptcy Code (Amendment) Bill, 2020 was passed by voice vote in the Rajya Sabha on Thursday. It was passed in Lok...

Monthly balance maintenance waived off on 44.51 crore SBI savings bank accounts

State Bank of India (SBI) announced on Thursday that it has decided to waive maintenance of Average Monthly Balance (AMB) for all savings accounts....

ICAI to review financial statements of Yes Bank for FY18, FY19

The Financial Reporting Review Board (FRRB) of the Institute of Chartered Accountants of India (ICAI) has decided to take up a review of general-purpose...

Sensex, Nifty start on a choppy note

Equity benchmarks Sensex and Nifty opened on a choppy note on Wednesday tracking persistent foreign fund outflow and tepid cues from global markets as...