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Supreme Court stays order issued by the Center to companies to pay full salary during the lockdown
The order issued by the Central Government to companies to pay full salary to employees was stayed by the Supreme Court. “No action should be taken against companies unable to pay full salary”, ordered the SC.
Effect of financial problem due to coronavirus pandemic Tirumala temple to auction 23 properties in Tamil Nadu
Reeling under a financial crisis due to ongoing lockdown, authorities of the world”s richest temple at Tirumala have decided to auction 23 properties donated by devotees in Tamil Nadu.
Reserve Bank cuts repo rates
In view of the coronavirus pandemic, the Reserve Bank has decided to reduce the repo rate. RBI Governor Shaktikanta Das announced at a press conference on 22nd May , 40 basis points cut in repo rate to 4 percent from a previous rate of 4.4 percent.
Chinese companies invested Rs. 6,200 crore in Pakistan and earned a profit of Rs. 4 lakh crore
Chinese corporations provided finance of Rs. 6,200 crore to Pakistan and made a profit of Rs. 4 lakh crores.
Supreme Court stays order issued by the Centre to companies to pay full salary during the lockdown
The order issued by the Central Government to companies to pay full salary to employees was stayed by the Supreme Court. “No action should be taken against companies unable to pay full salary,” ordered the Supreme Court.
Google to offer economic assistance to small and medium newspapers, paralysed by the lockdown
Worldwide lockdown has impaired the economy due to which small and big organisations are facing difficulties. Newspaper industry too is suffering. Google has stepped in to help them.
Migrant workers to get 2 months ration free ! – Finance Minister Nirmala Sitaraman .
Migrant workers will get free ration for two months. Workers without a ration card will also get ration. The poor will get 5 Kg of grains. This was announced by Central Finance Minister, Nirmala Sitaraman in a press conference.
3 lakh crore collateral-free loans for MSM Enterprises from Government’s 20 lakh crore economic package – announces Finance Minister
Prime Minister Narendra Modi has announced Rs. 20 lakh crore package for uplifting the economy battered by the ongoing lockdown to combat COVID-19.
America decided to levy additional tax on Chinese goods!
The United States, stricken by coronavirus has announced the first step to retaliate China, levying additional taxes on Chinese goods. Due to this, the demand for those products is likely to decrease on increasing the value of goods imported from China.