Business

Oil prices fell on Tuesday, as U.S. lawmakers prepared to wrangle over an economic stimulus package and investors worried about a rise in coronavirus cases worldwide.

A clutch of indicators including GST collections, railway freight traffic, petrol consumption, peak power demand, electronic toll collections, among others, have all mirrored the incipient signs of recovery, it said.

The prospect of endless stimulus allowed Asian shares to shake off coronavirus concerns and Sino-U.S. tensions to make early gains.

The road transport and highways minister added that the bypass will "showcase Ayodhya's beauty to visitors from the country and abroad".

Apprehending that full implementation of food security programme may result in breach of the WTO cap, India has been seeking amendments in the formula to calculate the food subsidy cap.

The "halving" has affected the supply side of bitcoin and increased the time needed for miners to find their break-even point..

Malaysia said on Saturday a November summit of leaders from AsiaPacific Economic Cooperation (APEC) nations might still go ahead in the capital, Kuala Lumpur, despite the coronavirus pandemic.

Former deputy governor of RBI NS Vishwanathan said both the government and RBI have announced a slew of measures to limit the debilitating effect of COVID-19.

Boeing Co is preparing to delay its allnew 777X jet by several months or up to a year, three people familiar with the matter said, as the COVID19 crisis exacerbates a drop in demand for the industry's largest jetliners.

India, the world's third biggest oil consumer and importer, received 3.2 million barrels per day (bpd) oil in June, a decline of 0.4% from May and about 28.5% from a year ago, the data showed.

The RBI had earlier said the country's GDP will contract in FY21, but did not give any number on the same, even as analysts are pegging a negative growth of up to 9.5 per cent.

As per the report, the FIU received a total of 906 requests from investigative agencies during 2018-19.

If the macroeconomic environment worsens further, the ratio may escalate to 14.7 per cent under the very severely stressed scenario, the report showed.

Further economic reforms, including labour, product mixed land, and others, and additional infrastructure investment are necessary, to attract even more investment, said IMF.

The trade ministry has called for e-commerce sites to name the country of origin beside product listings as Prime Minister Narendra Modi pushes for a self-reliant nation.

Traders also mentioned that rise in COVID-19 cases in producing states of Southern India has restricted harvesting of the crop in some pockets.