Pandemic Financial News

Sattva Group is bullish on India's housing market and will launch many projects to achieve 85 per cent growth in sales of residential properties to around Rs 6,500 crore this fiscal, a top company official said. In the 2023-24, Bengaluru-based Sattva Group achieved sales bookings of Rs 3,500 crore.

Non-resident Indians (NRIs) are increasingly depositing money in the Indian banking system. Currently, NRI deposits account for 6.2% of total deposits in Indian banks. Over the last decade, total bank deposits climbed by 10.2%, while NRI deposits increased by 7.2%.

National Insurance Awareness Day is being observed today on June 28. On this occasion, it is pertinent to recognise the importance of having health insurance. The COVID-19 pandemic has demonstrated why health insurance is important for everyone. The pandemic, to some extent, raised awareness among people about health insurance as they previously tended to ignore it. In a country like India, health insurance is often neglected because it doesn’t provide immediate benefits unless people fall sick.

A measure of prices that's closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease

central government employees and pensioners get arrears for the dearness allowance (DA) and dearness relief (DR) suspended for 18 months during the COVID-19 pandemic? In a letter addressed to Prime Minister Narendra Modi, Shiva Gopal Mishra, Secretary, National Council (staff side), Joint Consultative Machinery for Central Government Employees, urged the central government to release the DA arrears of 18 months suspended earlier. In the wake of the COVID-19 pandemic, the Central Government stalled the payment of DA and DR for 18 months from January 2020 to June 2021. Earlier, Mukesh Singh, General Secretary, of Bharatiya Pratiksha Mazdoor Sangh, urged the central government to release the suspended DA arrears of 18 months. In a letter addressed to Finance Minister Nirmala Sitharaman, Singh said, «I fully understand the challenges posed by the COVID-19 pandemic and the resulting economic disruptions that led to the freezing of three instalments of Dearness Allowance (DA) and Dearness Relief (DR) for the fiscal years 2020-21. However, as our nation is gradually recovering from the impact of the pandemic, it is heartening to witness an improvement in the financial position of our country.» In a letter to Prime Minister, Mishra said, «As a secretary (staff Side) of the National Council (JCM) it is my duty to draw your kind attention to some of the major issues which are agitating the minds of the central government employees and pensioners.»

Plenty of happy couples can trace their meet-cute moment to an online dating app

Chewy shares rallied dramatically on Thursday after meme stock leader Roaring Kitty posted a picture on social media platform X that resembles the logo of the online pet food retailer, but the gains were quickly erased later in the session.

The Canada Revenue Agency is ramping up efforts to recover overpayments of pandemic-related benefits.

social sectors Thursday called on finance minister Nirmala Sitharaman, who chaired the customary pre-Budget consultation meeting, to further step up focus on health and education. They argued such a move will not just lead to greater ease of living but also bolster the economy's productive capacity. Some of them also called for raising the budgetary spending on these critical social sectors, said a person aware of the deliberations. The full Budget for FY25 will be presented next month.

Parents giving money to their kids to buy a home took off during the pandemic when real estate went through the roof.

HeartSciences is going all-in on artificial intelligence. The company recently announced that it's shifting its focus from a single AI-enabled device to a comprehensive cloud-based platform, a pivot accompanied by a major licensing deal with Mount Sinai for a suite of cutting-edge AI algorithms.The strategic gambit comes as new CDC data reveals the devastating toll the COVID-19 pandemic has taken on the nation's cardiovascular health.

There are growing calls for a reduction in the repo rate. The argument is not so much that inflation has come down, but that potential growth will get affected. This is contrary to the majority view that as growth is very much on target, with the Reserve Bank of India (RBI) projecting it at 7.2% for the year, monetary policy focus can remain on inflation control.

NEW DELHI : The Union budget in July is likely to restore the concessional 15% corporate tax rate for new manufacturing facilities, a scheme introduced in 2019 that expired on 31 March this year, two persons aware of the matter said. The plan now is to extend this scheme by one to two years to facilitate fresh manufacturing investment, which is a priority for the National Democratic Alliance (NDA) government, one of the two persons cited above said on condition of anonymity. The Centre wants to give a strong thrust to the manufacturing sector as it could generate well-paid employment to a large number of people currently engaged in low-paid farm activities.

Former Federal Reserve Bank of St. Louis President and CEO James Bullard looks ahead to the next rate decision, unpacks jobs data and reacts to Yellen's housing development.

Mint, she said that the overall size of the auction market expanded by more than a fifth in 2023, from an estimated $150 million in 2022. And so far in 2024, sales have already reached $90 million. "The market has grown significantly (in value and volume) over the last four years, through the pandemic and the lockdown.

More Canadians are getting help from family to buy their first home — and they’re getting substantially more money to do it than a few years ago, according to new research published by CIBC.

When it comes to Canada’s productivity emergency, “the entire country is feeling the pain.”

ResiClub co-founder and editor-in-chief Lance Lambert discusses the U.S. housing affordability crisis on 'Making Money.'

₹12,000-14,000 crore in the next 2-3 years developing commercial office, residential, and hotel projects, said a top company executive. Around 40% of the planned investment will be deployed in office projects, 50% in housing development, and 10% in hotel projects across existing cities it operates in, such as Bengaluru, Pune, and Hyderabad. It is also set to enter two new property markets - Chennai and Mumbai, Sattva Group's managing director Bijay Agarwal told reporters.The investment will be financed through a combination of equity, debt and internal accruals like sales.

Bank of Canada governor Tiff Macklem says the country must not take its competitive labour market for granted, adding that with inflation much closer to two per cent, there is room to invest in new jobs without creating inflationary pressures.

The Norwegian government has signed a deal to start stockpiling grain, saying the COVID-19 pandemic, a war in Europe and climate change have made it necessary