Biz Profiles

NIL GST return through SMS rolled out

by adminBiz ProfilesINDIAN NEWSInvestmentJune 9, 2020

In a major move towards taxpayer facilitation, the government on Monday allowed filing of NIL GST monthly return in FORM GSTR-3B through SMS. This would substantially improve ease of GST…

Xiaomi patents foldable smartphone similar to Huawei

by adminBiz ProfilesEconomyIndustryMARKETSJune 7, 2020

Chinese smartphone manufacturer Xiaomi has patented a foldable smartphone that looks similar to Huawei Mate Xs. Xiaomi apparently filed for the patent in late 2019, and it has now been…

Another major investment in Jio Platforms

by adminBiz ProfilesDelhiEconomyINDIAN NEWSLITE BLOGSMARKETSJune 7, 2020June 8, 2020

In yet another major investment into Jio Platforms, Reliance Industries Ltd (RIL) on Sunday announced an investment of Rs 5,683.50 crore by a wholly-owned subsidiary of the Abu Dhabi Investment…

IOB reduces loan interest rates

by adminBiz ProfilesCurrency CornerEconomyIndustryInvestmentLITE BLOGSMARKETSJune 7, 2020

Indian Overseas Bank (IOB) on Sunday said that it has reduced its interest rate on loans linked to MCLR by 30 basis points (bps) in overnight tenor and by 20…

No New Scheme Funding For A Year

by adminBiz ProfilesCurrency CornerIndustryJune 5, 2020

Government has suspended expenditure on all new and approved public-funded schemes and projects of ministries during the current financial year in wake of Covid-19 pandemic that has put unprecedented demand…

RBI sets up Payments Infrastructure Development Fund

by adminBiz ProfilesCurrency CornerDelhiEconomyINDIAN NEWSIndustryInvestmentLITE BLOGSMARKETSJune 5, 2020

The Reserve Bank on Friday announced the creation of a Payments Infrastructure Development Fund’ with an initial contribution of Rs 250 crore. Accordingly, the fund has been created to encourage…

Germany unveils $146bn stimulus package

by adminBiz ProfilesCOMMUNITYCORONAEconomyGermanyHealthIndustryLITE BLOGSMARKETSJune 4, 2020

Germany has unveiled an economic stimulus package worth 130 billion euros ($146 billion) to mitigate the economic effects of the COVID-19 pandemic, Chancellor Angela Merkel said. “The size of the…

Advantage India as China Withers

by adminAsia NewsBiz ProfilesChinaCORONAEconomyIndustryLITE BLOGSMARKETSUSA NewsJune 4, 2020

In most nations, massive economic changes take place every 70-100 years, changing the nations totally. Sometimes these changes destroy the nations, or they take them to the top. The US…

US economy to face $7.9tn loss due to pandemic

by adminBiz ProfilesCORONACurrency CornerEconomyIndustryLITE BLOGSMARKETSUSA NewsWorld NewsJune 3, 2020June 3, 2020

Fallout from the COVID-19 pandemic will cost the US economy $7.9 trillion over the next decade, according to new projections released by the Congressional Budget Office (CBO). In response to…

Modi Pledges Structural Reforms To Boost Economy

by adminBiz ProfilesEconomyINDIAN NEWSIndustryLITE BLOGSUncategorizedJune 2, 2020

Prime Minister Narendra Modi on Tuesday said that his government will ensure more policy reforms to speed up economic growth and remove structural bottlenecks in the Indian economy. Accordingly, the…