Business

The rapid spread of Covid-19 has not only disrupted the global economy but also triggered a partial shutdown in many parts of India from early March and an almost complete shutdown from March 25.

Oil Minister Dharmendra Pradhan asserted that India will remain the engine of world energy demand growth.

As part of its economic stimulus package, Japan has earmarked $2.2 billion to help its manufacturers shift production out of China.

Departments like health and family welfare, pharma, food and public distribution and AYUSH will get funds as per the Budget, while others like fertilizer, post, road transport, petroleum, commerce and coal will face spending cuts.

The clause of 'force majeure' will not apply in case of Covid-19 death claims, the apex lobby of the life insurance companies said in a statement.

To meet the 'unprecedented demand' due to Coronavirus crisis, RB has significantly scaled up production capacity of Dettol soap, liquid soap and hand sanitiser.

Forms 15G and 15H are filed by persons whose incomes are below the taxable threshold, to seek exemption from TDS on interest income.

The Asian Development Bank said its baseline forecast called for growth in developing Asia, a group of 45 economies that includes China and India, to slow to 2.2% in 2020 from a previous forecast of 5.2%, matching last year.

Experts have already made it clear that this is not an interest waiver, but a deferment of payments, meaning the additional interest costs will have to borne by the customers.

Godfrey Phillips shares hit an intra-day low of Rs 830 apiece in the morning session compared with the previous close of Rs 918.10.

The March televised address garnered 3,891 million viewing minutes.

Stating that many of the vulnerable sections reside in rural India, ITC said it will also lend support to the government in its efforts to fight the health crisis.

According to a poll of economists taken March 25-26, India's economy will expand just 4.0% annually on a year ago in the quarter that ends on March 31, the weakest since comparable records began in early 2012.

Addressing the media here, Sitharaman said that the fund created by a central government's Act currently has about Rs 31,000 crore in it.

The employees of MTNL's corporate customers using its broadband connection will be able to avail this service free for one month, MTNL Chairman and Managing Director Sunil Kumar told PTI.

"At last, we have a deal," Senate Majority Leader Mitch McConnell said, citing the massive "wartime level of investment into our nation".