Income
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Centre tells SC that it has decided to retain Rs 8 lakh income criteria for determining economically weaker sections
•In an affidavit, filed in a matter related to NEET-PG admissions, the government said that, following panel's suggestions, it has decided that only those families whose annual income is up to Rs 8 lakh would be eligible to get the benefit of EWS reservation.
Syngene International Q4 profit up 20% to Rs 120 cr after robust growth in main divisions; income rises
•Shares of Syngene International Ltd closed at Rs 325.30 on BSE, up 1.91 percent from the previous close.
COVID-19 impact: Informal economy workers excluded from most govt measures, be it cash transfers or tax benefits
Faraz Khan •Like demonetisation, the current lockdown has exposed millions of workers and their families to starvation, hunger, death and very bleak future prospects.
Axis Bank shares fall over 6% after lender reports Rs 1,388 cr net loss in January-March quarter
•Shares of Axis Bank on Wednesday dropped over 6 percent in early trade after the company reported a standalone net loss of Rs 1,387.78 crore for March quarter of 2019-20
Axis Bank Q4 net loss at Rs 1,388 cr as provisions jump nearly 3 times; income increases to Rs 20,786 cr
•Axis Bank said the extent to which the COVID-19 pandemic will impact the bank''s provision on assets will depend on the future developments, which are highly uncertain.
Indian bonds gain as Fed's surprise move to limit coronavirus impact raises RBI rate-cut hopes
•Indian bond yields fell sharply on Wednesday morning as a surprise rate cut by the US Federal Reserve to limit the coronavirus impact raised expectations of a similar move back home
India is the fifth most vulnerable to climate change fallout, its poor is the worst hit
Indiaspend •India's ranking fluctuates but it has one of the five highest economic losses due to climate change.
With consumer confidence at six-year low, government has few excuses left not to go in for a personal tax cut
Dinesh Unnikrishnan123 •Consumer confidence trend has been assessed through the current situation index (CSI) and the future expectations index (FEI)—both recorded a decline in September.
Tracking India's economic slowdown: Narendra Modi govt has a herculean task ahead to pep up growth with dying private investment
Vivek •There is more than enough evidence of the economy slowing down
Union Budget 2019: Why annual financial statement containing govt’s revenue and expenditure for a fiscal year is important
Fp Research •The Union Budget is the annual financial statement that contains the government’s revenue and expenditure for a fiscal year