Economy

New Delhi: Swiggy, one of the leading and most valuable online food ordering and delivery platforms in India, is planning to cut 1,100 jobs and scaling down some adjacent businesses in order to reduce costs, according to reports. The…
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Bengaluru: Zomato, one of the leading food delivery startups in India, announced that it will axe 13% of its workforce or about 520 employees in order to reduce costs amid the coronavirus crisis.  In a note to the Zomato employees,…
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MANILA, PHILIPPINES: The global economy could suffer between $5.8 trillion and $8.8 trillion in losses—equivalent to 6.4% to 9.7% of global gross domestic product (GDP)—as a result of the novel coronavirus disease (COVID-19) pandemic, says…
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New Delhi: The Centre on Thursday launched a special credit facility amounting to a total of Rs 5,000 crore that will provide street vendors Rs 10,000 as initial working capital. "Government of India will launch a special credit facility…
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New Delhi: Union Finance Minister Nirmala Sitharaman today announced the economic stimulus package for the migrant workers, street vendors, and small farmers whose livelihood have been affected by the lockdown. Briefing media, Sitharaman…
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New Delhi: The Central Government has given extension for filing of Annual returns for Goods and Services Tax (GST) and movement of goods in the country. The Central Board of Indirect Taxes and Customs (CBIC) has extended the time limit…
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New Delhi: In a relief for the third party Motor Insurance & Health policy holders, the Ministry of Finance has extended the date for renewal of health and motor insurance policies to April 21 in view of the COVID-19 lockdown.  The…
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New Delhi: Last week, the Reserve Bank of India has allowed Banks to declare a three-month moratorium on all term loans outstanding as on March 1, 2020, as well as on working capital facilities.  The Indian Banks Association has answered…
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New Delhi: A day after Finance Minister announced package for poor,  Reserve Bank of India Governor Shaktikanta Das today announced a cut in the repo rate by 75 basis points and that in reverse repo rate by 90 basis points to help the…
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Geneva: The economic and labour crisis created by the COVID-19 pandemic could increase global unemployment by almost 25 million, according to a new assessment by the International Labour Organization (ILO). However, if we see an…
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