SECTIONS
ET APPS
Live Blog
LATEST NEWS
- UK PM pledges 'infrastructure revolution' for virus crisis
- Fitch cuts India growth projection to 8% for FY22; economy to shrink by 5 pc this fiscal
- Six months after 'viral pneumonia', Wuhan returning to normal, with masks
- Core sector contraction slows in May, fertiliser growth turns positive
- Pakistan's PM says 'no doubt' that India was behind stock exchange attack in Karachi
- Landslides detached Darjeeling, disrupted World Heritage 'Toy Train' service
- What to do with the additional cost incurred during Covid pandemic: Indian captives in a limbo
- Bomb threat calls to Taj Hotels in Mumbai
- EU to list which citizens can enter; US likely to miss out
Business News›News›India's Economy Live News: Current account deficit narrows to 0.9% of GDP in 2019-20
LIVE BLOG
Economic Times | 30 Jun, 2020 | 06.34PM IST
India's Economy Live News: Current account deficit narrows to 0.9% of GDP in 2019-20
Current account deficit narrows to 0.9 pc of GDP in 2019-20, down from 2.1 percent of GDP in previous fiscal, as trade deficit reduces: RBI
!1 New UpdateClick here for latest updates
Tripura not thinking of extending lockdown: State education minister
Current account deficit narrows to 0.9 pc of GDP in 2019-20, down from 2.1 pc of GDP in previous fiscal, as trade deficit reduces: RBI
Number of cases rises to 948 in Himachal Pradesh, death toll at 8
131 persons have tested positive in Kerala today. Number of active cases stand at 2112, total 2,304 have recovered till now: Kerala Health Department
Ji Rong, Spokesperson of the Chinese Embassy in India, on India banning Chinese apps
It also goes against the general trend of international trade and E-commerce, and is not conducive to consumer inte… https://t.co/3QsPfZs71e
— ANI (@ANI) 1593521151000Tamil Nadu reports 3,943 new cases and 60 deaths
- Tally - 90,167
- Toll - 1,201
Fitch cuts India growth projection to 8% for FY22; economy to shrink by 5 pc this fiscal
- Fitch Ratings on Tuesday cut India's growth forecast for 2021-22 fiscal to 8 per cent from 9.5 per cent projected last month. It, however, retained its projection of Indian economy contracting by 5 per cent in the current fiscal.
- Indian economic growth stood at an estimated 4.2 per cent in 2019-20.
- In its June update of Global Economic Outlook, Fitch projected Indian economy to grow 5.5 per cent in 2022-23.
India's June monsoon rains 18% above average : weather office
- India received 18% more rainfall than average in June as the monsoon covered the entire country nearly two weeks earlier than usual, the state-run weather office said on Tuesday.
- Monsoons deliver about 70% of India's annual rainfall and are the lifeblood of its $2.9 trillion economy, spurring farm output and boosting rural spending on items ranging from gold to cars, motorcycles and refrigerators
India records current account surplus of 0.1 per cent of GDP in Jan-Mar against deficit of 0.7 per cent of GDP in the year-ago period: RBI
NDMC extends last date of payment of property tax
North DMC has extended the last date of payment of property tax with 15% rebate for timely payment for the lump sum payment of the property tax for the year 2020-21. Earlier the last date was 30th June, 2020: North Delhi Mayor, Jai Prakash
Plea in SC against school fees during lockdown
- Parents associations in eight states move Supreme Court for regulatory mechanisms for school fees in private schools during lockdown.
- Plea says full fees should not be charged for online classes, also says sevral schools charging extra fees for online classes.
Obey corona norms, PM Modi says in address to nation: Watch highlights
Covid-19: 10-day total lockdown in Thane city, Mira Bhayander
Thane city will observe a total lockdown between July 2-12 to contain the coronavirus outbreak, municipal commissioner Vipin Sharma said on Tuesday.
Goats and sheep quarantined after shepherd contracts Covid-19
- About 50 goats and sheep have been kept in isolation at a village in Tumakuru district after a shepherd tested positive for coronavirus, officials said on Tuesday.
- The villagers panicked when they noticed that some goats and sheep at Godekere village in Gollarahatti taluk were having respiratory problems, an officer in the animal husbandry department of the district said.
Punjab schools are entitled to collect tuition fees for 2020-21: HC
Punjab High Court today ordered that all schools irrespective whether they offered online classes during lockdown or not, are entitled to collect tuition fee. However, schools shall restrain themselves from increasing fee for 2020-21 year & adopt same fee structure as of 2019-20.
Net claims of non-residents on India lowered by US$ 45.8 bn to US$ 379.3 bn in March 2020: RBI
Decline in net foreign-owned assets in India was due to reduction of US$ 28.1 bn in non-residents’ assets combined with increase of US$ 17.7 bn in Indian residents’ foreign assets
Amit Shah hails PM's decision to extend PMGKY for 5 more months
प्रधानमंत्री गरीब कल्याण अन्न योजना का विस्तार कर गरीबों को नवंबर तक मुफ्त राशन देने के लिए @narendramodi जी का अभि… https://t.co/KrNNXXZ9HM
— Amit Shah (@AmitShah) 1593519442000Sanjay Kumar takes charge as new Maharashtra chief secretary
- Maharashtra's new chief secretary Sanjay Kumar took charge of his office on Tuesday, an official said here.
- Kumar succeeded Ajoy Mehta, who will now assume the role of principal advisor to Chief Minister Uddhav Thackeray, a new position created in the backdrop of the COVID-19 crisis.
Services will remain closed for commuters until further notice: Delhi Metro
- Delhi Metro services will remain closed for commuters until further notice, in view of the 'Unlock 2' guidelines issued by the government, officials said on Tuesday.
- The Delhi Metro has been closed since March 22 when the 'Janata Curfew' was observed in the wake of the coronavirus pandemic. Subsequently, the nationwide lockdown was announced which came into effect from March 25.
- "Delhi Metro services will remain closed for commuters until further notice, in view of the guidelines issued by the government," a senior official said.
Rupee gains 7 paise to 75.51 against dollar on weak crude oil
India looks to sign long-term LNG deal benchmarked to spot prices
- In a first, India's biggest LNG importer Petronet on Tuesday said it is close to signing a long-term LNG deal benchmarked to daily or spot prices, which generally are lower than standard rates of such contracts.
- India bought liquefied natural gas (LNG) under long-term contracts from Qatar and Australia at an average of USD 3.5-4.5 per million British thermal unit in the current quarter. Spot or current prices of LNG - gas turned into liquid at sub-zero temperature for ease of transporting in ships - are in the range of USD 2.
Sebi slaps Rs 25 lakh fine on Sheen Agro's directors
Markets regulator Sebi has imposed a fine of Rs 25 lakh on nine directors of Sheen Agro & Plantation Ltd for mobilizing fresh funds through unregistered collective investment scheme (CIS) even after filing winding up report with the markets regulator.
West Bengal Chief Secretary writes to Ajay Bhalla for metro train resumption in the state
Rajiva Sinha, West Bengal Chief Secretary writes to Ajay Bhalla, Home Secretary stating, "kindly give MHA's consent… https://t.co/WfNsAPu4uo
— ANI (@ANI) 1593518519000Pakistan's PM says 'no doubt' that India was behind stock exchange attack
- Pakistani Prime Minister Imran Khan told parliament on Tuesday he had 'no doubt' that India was behind an attack on the stock exchange building in Karachi a day earlier.
- Four gunmen armed with grenades attacked the Pakistan Stock Exchange on Monday, killing two guards and a policeman before security forces killed the attackers.
- India said on Monday it had nothing to do with the assault.
Banning some apps isn't enough, we have to give China a befitting reply
- Mamata Banerjee
Loan recasts to only defer problem, NPAs may zoom up to 14% due to covid-19: S&P
- Amid reports of the RBI mulling restructuring of loans, global rating agency S&P on Tuesday said that a loan recast will only defer NPAs recognition and not solve the problem.
- The agency also said operational outages and the recession because of the pandemic will have a deeper and longer impact on lenders than previously assumed, and estimated the gross non-performing assets ratio to rise up to 14 per cent in FY2021 from the 8.5 per cent in FY2020.
Eight core sectors' output contracts 23.4% in May against 3.8% growth in same month last year: India Govt data
I am extending free ration for poor till June 2021: West Bengal CM Mamata Banerjee
Ruling Communist Party wants Nepal PM's resignation in a standing committee meeting of the party
Ruling Communist Party's Co-Chair Pushpa Kamal Dahal and other senior leaders Madhav Nepal, Jhala Nath Khanal and B… https://t.co/flqEJ74dM0
— ANI (@ANI) 1593516744000West Bengal new guidelines for Unlock 2
We are allowing morning walks from 5:30 am to 8:30 am but social distancing should be maintained. 50 people to be allowed at weddings and 'sraddha' instead of 25: West Bengal CM Mamata Banerjee
Petition filed in SC challenging petrol and diesel price hikes
Iran journalist who fuelled 2017 protests sentenced to death
- Iran sentenced a once-exiled journalist to death over his online work that helped inspire nationwide economic protests that began at the end of 2017, authorities said Tuesday.
- Ruhollah Zam's website and a channel he created on the popular messaging app Telegram had spread the timings of the protests and embarrassing information about officials that directly challenged Iran's Shiite theocracy.
EU to list which citizens can enter; US likely to miss out
- The European Union on Tuesday is announcing a list of nations whose citizens will be allowed to enter 31 European countries, but most Americans are likely to be refused entry for at least another two weeks due to soaring coronavirus infections in the U.S.
- As Europe's economies reel from the impact of the coronavirus, southern EU countries like Greece, Italy and Spain are desperate to entice back sun-loving visitors and breathe life into their damaged tourism industries. More than 15 million Americans are estimated to travel to Europe each year, while some 10 million Europeans head across the Atlantic.
India's federal fiscal deficit touches 58.6% of annual target in two months
India's federal fiscal deficit in the first two months through May stood at 4.66 trillion rupees ($61.67 billion), or 58.6% of the budgeted target for the current fiscal year, government data showed on Tuesday.
Lockdown will be implemented in a stricter manner in Nashik from 7 pm to 5 am; it will be a curfew-like situation during this time: District Guardian Minister Chhagan Bhujbal
Exide Life Insurance FY20 net profit up 89 pc at Rs 28.3 cr
- Exide Life Insurance has registered a 88.7 per cent jump in net profit at Rs 28.3 crore for fiscal year ended March 2020.
- The private sector insurer had registered a net profit of Rs 15 crore in fiscal year 2018-19.
- This is the eighth consecutive year in which the company has reported profit, Exide Life Insurance said in a statement.
Credit goes to two sections for making this happen: PM
Today, if the government is able to provide free food grains to the poor & the needy, the credit goes to two sections. First, the hardworking farmers of our country and second, the honest taxpayers. I thank you from my heart
Under extended PM Garib Kalyan Yojana till November end:-
- In the last 3 months, Rs. 31,000 crore deposited in bank accounts of 20 crore poor families
- Also, Rs. 18000 crore deposited in bank accounts of more than 9 crore farmers
- Under PM Gareeb Kalyan Anna Yojana, Government will provide free ration to 80 crore poor brothers-sisters for next five months.
- Every member of the family will get 5 kg wheat or rice.
- Also, every family will get one kilogram whole chana per month, free of cost
PM Gareeb Kalyan Anna Yojana will be extended till the end of November, extension to cost over Rs 90 thousand crore: Prime Minister Narendra Modi
Ever since Unlock 1 started in the country, negligence in personal and social behaviour has been increasing. Earlier, we were more cautious about the use of masks, 'do gaj doori' and washing hands several times a day for 20 seconds
- PM Modi
In comparison to other countries across the globe, India is still in a very stable situation, in the battle against covid-19. Timely decisions and measures have played a great role
- Narendra Modi
We are entering UNLOCK2 and the season of cough, fever and cold is also about to start. In such a situation, I urge countrymen to take care of themselves: PM Modi
PM addresses the nation
Pantanjali CEO on coronil
We never told the medicine (coronil) can cure or control corona, we said that we had made medicines and used them in clinical controlled trial which cured corona patients. There is no confusion in it, said Acharya Balkrishna, CEO Patanjali.
Covid-19: Auto component sector may see 16% drop in revenue this fiscal, says report
- Supply chain disruptions in the wake of COVID-19 outbreak coupled with weak demand for vehicles in India and overseas is likely to squeeze the revenue of the automotive component sector by 16 per cent this fiscal, says a report.
- This will add to the pain from an estimated de-growth of 10 per cent in the industry's revenue to Rs 3.2 lakh crore last fiscal, Crisil Ratings said in its report on Tuesday.
- The growth projections are based on an analysis of 300 Crisil-rated auto component suppliers that account for 40 per cent of the sector's revenue, it said.
Sushant case: Actor goes to police station to record statement
- Actor Sanjana Sanghi went to the Bandra police station here on Tuesday morning to record her statement in connection with the suicide of fellow actor Sushant Singh Rajput, an official said.
- Sanghi is set to make her Bollywood debut with Mukesh Chhabra-directed movie 'Dil Bechara', the last film of Rajput.
- She reached the Bandra police station in the morning to record her statement, a police official said.
Vistara announces 5-20% pay cut for 40% employees till December
- Vistara on Tuesday announced a pay cut between five to 20 per cent till December this year for around 40 per cent of its employees as cash flow continues to be adversely affected due to the coronavirus pandemic.
- The full-service carrier has more than 4,000 employees on its payroll.
ICMR on plasma therapy
The ICMR study on plasma therapy (PLACID Trial) is still ongoing. Sample size is 452. An interim analysis of 300 patients has not been conducted. The results will be shared on completion of the study from a scientific perspective.
Closing Bell
Sensex erases gains, ends 46 pts lower ahead of PM Modi's address; Nifty ends flat; Nestle, Maruti gain 2% each
Ban on Chinese apps may have derailed a $1 billion India expansion plan of China's ByteDance
India is TikTok's top growth market and accounts for 30% of its 2 billion downloads worldwide.
SBI launches Yono branches in three cities
- Navi Mumbai
- Indore
- Gurugram
India's latest coronavirus numbers
- 704 new cases, 7 deaths reported in Andhra Pradesh.
- Puducherry sees 12th fatality, 31 fresh cases push infection count to 721.
- 29 more BSF jawans test positive in Odisha's Malkangiri.
- Rajasthan records 4 more fatalities and 94 new cases.
- Death toll rises to 25 in Odisha.
Transportation of produce is a major problem. There is need to explore the possibility of converting old Defence and Airlines aircraft into cargo carrier.
- Nitin Gadkari
NCLT reserves order against Anil Ambani
- The plea was filed by SBI against Anil Ambani to recover over Rs 1,200 crore.
- The public sector lender had approached the Mumbai-bench of the NCLT, seeking its intervention to direct the insolvency board to nominate a resolution professional (RP) to assess and submit a report on the assets owned by Ambani.
- In March, the SBI board had approved a resolution plan for RCom that envisaged lenders recovering around Rs 23,000 crore of their money, entailing a haircut of nearly 50%.
RCom filed for bankruptcy last year after which its secured debt was estimated at around Rs 33,000 crore while lenders submitted claims of around Rs 49,000 crore in August 2019.
Odisha will allow counter sale of liquor from tomorrow.
At 66.03%, Delhi's coronavirus recovery rate higher than national average
- In June, the national capital added over 64,000 fresh cases to its tally, while over 47,357 patients recovered.
- Delhi's recovery rate breached the 50 per cent mark on June 20, after hovering below it for almost a month.
- At a time when Delhi eclipsed Mumbai's COVID-19 tally, the national capital's recovery rate also gradually increased.
Market Check
Sensex erases all gains, drops 70 points; RIL, HDFC Bank top drags
Could this be Bihar's longest COVID chain?
- A wedding ceremony in rural Patna appears to have set off the biggest infection chain in Bihar so far.
- The groom was running high fever, two days before he died and his body cremated without being tested for COVID-19.
- More than 100 people have tested positive in Paliganj, 55 km from Patna, out of over 350 who were tested upon contact tracing.
- Fifteen relatives who attended the wedding tested positive and apparently infected others.
India gets mobile ICUs
- Each pre-fabricated ICU has a capacity for nine beds and will be locally manufactured by Philips in India.
- Each ICU unit can be assembled in one day at the chosen site.
- Price of a pre-fabricated 9-bed ICU begins from 1 crore approximately.
China study on new virus in pigs shows we cannot let out guard down on influenza during COVID-19 pandemic.
- WHO
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service
^Go to Top
