Economy

According to the report, the Korean consulate in Indian city of Chennai has been working with many requests from their companies with established units in China. While, some are still in their preliminary stages, others have reached the advanced stages of discussion.

RBI Governor Shaktikanta Das on Friday forecasted India’s growth rate at 7.4 per cent in 2020-21, saying that the country is expected to post a sharp turnaround and resume its pre-covid, pre-slowdown trajectory.

India always had this in deficit, where it imported more than it exported. That could change this year.

Sixty-seven per cent of digital workers in India said emerging technologies such as machine learning (ML), artificial intelligence (AI), Internet of Things (IoT) are increasing their effectiveness at work, according to a survey by Gartner, Inc.

The Union Agriculture Ministry has asked the States to plan for a total foodgrain production of 298 million tonnes (mt) for the crop year 2020-21, increasing mainly the output of pulses and coarse cereals.

Green energy provider, Vikram Solar, on Wednesday said it has bagged a 300-megawatt (MW) solar plant project for Rs 1,750 crore from National Thermal Power Corporation Limited (NTPC) under the CPSU-II scheme.

In pursuance to the Government’s decision vide Press Note on 8th April 2020 to issue pending income tax refunds up to Rs 5 lakh in order to help taxpayers in a COVID-19 pandemic situations, the Central Board of Direct taxes (CBDT) today said that it has already issued over 10.2 lakh refunds totalling to around Rs. 4,250 crore as on 14th April 2020.

The acquisition of Ohio-based aluminium rolled products maker Aleris Corp was completed by billionaire Kumar Mangalam Birla’s Hindalco Industries through its subsidiary Novelis Inc. The enterprise value of the deal, at US$ 2.8 billion, which is slightly higher than the initial estimate of US$ 2.58 billion. With this deal, Hindalco is now one of the world’s largest aluminium makers.