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Airfares especially on the Delhi-Mumbai sector, has seen a surge of 30 per cent owning to fewer flights operating out of one of Indias busiest airports. (Photo: ANI)

Civil aviation revenues down 85%, 18,000 jobs lost

Pickup in domestic air travel since July has been very slack

18 Sept 2020 11:27 AM IST

Migrant workers from Maharashtra walk along a National Highway 44 during a government-imposed nationwide lockdown. (AFP Photo)

Every third professional has lost his job since corona

That is some 6.6 million jobs down the drain, according to CMIE survey findings

18 Sept 2020 10:56 AM IST

Capex of states may have to cut by Rs 1- 3.4 lakh crore, finds ICRA. (AFP Photo)

States may cut FY21 capex by Rs 3 lakh crore, says ICRA

ICRA has projected that the gap between the GST compensation requirement and the cess collections for FY21 will be Rs...

10 Sept 2020 11:06 AM IST

Rupee coin. (DECCAN CHRONICLE PHOTO)

NBFCs witness 15-20 per cent improvement in retail lending in last 2...

Most of the NBFCs are waiting for trends in collections in September given the end of the moratorium and the Kamath...

10 Sept 2020 10:50 AM IST

Items such as cereals and food grains when sold loose are GST-free, while the government imposes a five per cent GST on branded food grains and cereals.

Pandemic gives fillip to demand for cereals; 200 per cent increase in...

Cereals have witnessed increased demand from African countries and the Gulf region during the lock-down.

29 Aug 2020 1:18 PM IST

Finance Minister Nirmala Sitharaman addresses a meeting in New Delhi. PTI photo

Centre puts its burden of GST compensation upon states

The government has made an estimate of a shortfall of Rs 2.35 lakh crore based on the expected cess collection for the...

28 Aug 2020 11:50 AM IST

Indias general government debt-to-GDP ratio is likely to be at 80 per cent of GDP by FY30. (Representative Image)

Government debt-to GDP ratio to be at 80% by FY30: Report

The report also finds that the government support to real GDP growth in the 2020s decade would be lower than in the past...

27 Aug 2020 12:52 PM IST

Under GST (Compensation to States) Act, if a states GST revenue does not grow by at least 14 per cent over the base year of 2015-16, the Centre has to pay it the difference every two months.

Government to forego Rs 46,000 crore of interest on delayed GST...

But businesses that had already paid their taxes are likely to claim a refund

27 Aug 2020 10:43 AM IST

Representational image (AFP)

When things go back to normal, pharma may come down to earth

The healthy performance in Q1FY21 is attributed to strong revenue growth in the API business

25 Aug 2020 8:19 PM IST

Online higher education tipped to grow ten-fold post-Covid, NEP

Online higher education tipped to grow ten-fold post-Covid, NEP

Post- Covid, Indian institutions will be allowed to offer up to 40 per cent of their coursework online

23 Aug 2020 6:57 PM IST

Modi government is considering hiking the basic salary of central government employees to Rs 21,000.

Wage bill sees lowest growth in 18 years

The wage bill of 1,560 listed companies analysed by think tank CMIE recorded a 2.9 per cent increase in the June 2020...

22 Aug 2020 12:11 AM IST

Loans will be secured against receivables and guaranteed by respective state government. (PTI Photo)

Stimulus or sleight of hand? Rs 6L crore is the packaging, Rs 24k...

The other measures on equity infusion into MSMEs would need to be watched for uptake, given the poor execution of such...

15 May 2020 10:16 AM IST