Pandemic Financial News

Plenty of retailers and suppliers are reducing the variety of their offerings to focus instead on what they think will sell best

₹17,000 crore against the budgeted ₹19,000 crore, the next year will see it further slashed to ₹12,000 crore. The big inclusion in the interim budget for 2024-25 is ₹205,250 crore for free foodgrains. The pre-poll strategy of displaying fiscal restraint while continuing with handouts was made inevitable by the repeated economic shocks to the rural economy: demonetization, the covid pandemic and an inflationary surge over the past 18 months, all of which have resulted in suppressed rural incomes and demand.

Like most years, this year too commenced with the global business and intellectual elite making their way to the World Economic Forum at Davos this January in an attempt to demystify the world around and provide some answers to the challenges that abound. But by the time the Davos spectacle came to an end, there were more questions than answers for the world at large.

WASHINGTON (Reuters) -U.S. President Joe Biden on Sunday called on snack companies to stop shrinkflation, which is when businesses cut product sizes but keep prices the same, describing the practice as «a rip-off.»

The Biden administration is announcing an investment of $5 billion in a public-private consortium aimed at supporting research and development in advanced computer chips

Existing trends of wealth inequality became entrenched, new data show.

young workers prioritise work-life-balance over being a chief executive, said Tapan Singhel, chief executive, Bajaj Allianz General Insurance at the summit on Saturday during a panel discussion on «Power Shifts to Profits: The Age of Meritocracy». «Being a CEO is not their (young people's) life anymore,» he added, and there has been a generational transition from the concept of "work is worship" towards work-life balance. He mentioned Infosys co-founder Narayana Murthy's comments on working 70 hours a week, while pointing out that developed countries like Germany are experimenting with a four-day work week. «Most young workers consider work life balance important, » Singhel said.

states and Union Territories now levying lower taxes on jet fuel, a development that has provided a huge fillip to the airline industry, which was witnessing a V-shaped recovery after the Coronavirus pandemic, Union minister Jyotiraditya Scindia said on Saturday. Emphasising that the civil aviation sector provides huge economic multipliers, he also said that greater connectivity has led to greater economic development. Air Turbine Fuel (ATF) accounts for around 40 per cent of the operational costs of an airline. Scindia said that after taking over as the civil aviation minister, he reached out to various states and UTs to reduce the value-added tax (VAT) on jet fuel.

If you’re one of the millions of Canadians who worked from home during 2023, either full time or on a hybrid-work arrangement, you’ll need to take some extra time this tax filing season if you want to claim a deduction for your home-office expenses. That’s because the “simplified method” of claiming home-office expenses is no longer available for the 2023 tax year.

health ministry has strengthened the Integrated Disease Surveillance Programme (IDSP), which allows for a decentralised system of response to institute requisite public health control and containment measures, the government informed Parliament on Friday. In a written reply to a question in the Lok Sabha, Union Health Minister Mansukh Mandaviya said prevention of and preparedness against pandemics is a shared global responsibility. In order to better prepare against future pandemics and public health emergencies in the country, the Ministry of Health provides the requisite support to the states and Union territories to enhance their capabilities, Mandaviya said. As reported by the states, a total of 1,802 disease outbreaks, including acute diarrheal diseases, chicken pox and cholera etc, were reported last year (till December 17), he said.

Champai Soren on Friday hit out at the BJP for allegedly conspiring to destabilise the Hemant Soren-led JMM government ever since it came to power in 2019. Criticising the BJP for lacking substantial issues to present to the public, he claimed that they resorted to foul tactics to undermine the government's stability. The CM emphasised that the mandate of the people was in favour of Hemant Soren, who initiated various welfare measures despite the economic slowdown due to the pandemic. «People's mandate was in favour of Hemant Soren, who formed a popular government and started delivering the goods even though economic activities came to a standstill for two years because of the pandemic,» the chief minister said after disbursing the first set of installments of the Abua Awas (housing) Yojana to beneficiaries here.

₹27 crore, giving it rights to brands such as Pan Pasand and Mango Mood. "The Board, on the recommendation of the audit committee of the company, inter alia approved the sale, transfer and assignment of the trademarks, recipes, all intellectual property rights, including all rights, interests, and protections associated therewith, relating to the company’s sugar boiled confectionery business to Reliance Consumer Products Limited, for a consideration of Rs27 crore," The Ravalgaon Sugar Farm Ltd said in a filing to the exchanges on Friday. The proposed transaction includes the sale of the intellectual property, and does not envisage a slump sale of all assets and liabilities of the company.

demat accounts. Analysts said more migrants to Maharashtra entering the capital markets, and a high base in UP may have combined to help the western state reclaim the top slot. Gujarat saw the third highest addition of new investors at 230,000, Rajasthan 140,000 and West Bengal 120,000.

Safe as houses, they say — just not so much lately.

The three biggest American retail banks collected 25% less overdraft revenue last year as the companies, under pressure from regulators to cap the fees, created new ways for customers to avoid the penalties.

Portfolio Wealth Advisors President and CIO Lee Munson discusses the expected release of big bank earnings, the Fed's rate cuts and shares his market outlook for the year.

Interest rates running at their highest levels in about 23 years are not hurting the economy and could buy policymakers more time before deciding whether to cut, Minneapolis Federal Reserve President Neel Kashkari said Monday.

The troubles in the United States commercial property market, which have already hit banks in New York and Japan, moved to Europe this week, elevating fears about broader contagion.

FOX Business correspondent Madison Alworth shares why for many first-time homebuyers, the American dream is delayed as a result of high mortgage rates and home prices on 'Varney and Co.'

Small-cap stock under ₹50: Shares of Sakuma Exports have been in uptrend post-Covid pandemic. After bottoming out at ₹3.35 apiece level in March 2020, this small-cap stock under ₹5 witnessed strong bottom fishing by bulls of the Indian stock market. Showcasing strong northward movement, the penny stock below ₹5 to turn into a multibagger stock in the next four years time.

SoftBank Group splashed out billions on startups at near-peak valuations without batting an eye. Now founder Masayoshi Son's tech powerhouse is relying on a new weapon as it searches for the next big thing in AI: caution. The strategy marks a vast turnaround for a company that completely transformed the world of tech investing with its high-conviction bets on startups at an unheard of scale.