coronavirus impact
Oil falls on storage crisis as virus saps demand
Prices have collapsed in recent weeks as demand for the commodity evaporated owing to lockdowns and travel restrictions imposed worldwide
Indian government brushes off proposal to impose coronavirus tax on super rich
Some 50 officers of Indian Revenue Service recommended raising highest tax rate to 40% for people with annual income above 10 million rupees
ICICI Prudential Life profit slips 31% in March
Robust growth in the cash-burning protection policy sales have led to an over 31 per cent dip in net income for the March quarter
Donald Trump announces 60-day halt to US green cards
Trump said that the move will not have any impact on those entering the country on a temporary basis
Fitch Solutions cuts India's economic growth forecast to 1.8% for FY21
Fitch Solutions also anticipated a deeper contraction in fixed investments as businesses choose to cut back on capital expenditure
DGCA directs airlines not to take bookings until further notice
Directorate General of Civil Aviation (DGCA) issued the notification after some Indian airlines started taking bookings for May 4 onwards
US crude plunges to 20-year low as coronavirus hits demand
Oil markets have plunged in recent weeks as lockdowns and travel restrictions to fight the coronavirus around the world batter demand
Sale of non-essential goods through e-commerce platforms prohibited
Union Home Secretary Ajay Bhalla issued an order excluding the non-essential items from sale by the e-commerce companies
Petrol, diesel sales drop over 60% in April due to lockdown
Aviation turbine fuel (ATF) consumption collapsed by 94 per cent as most airlines have stopped flying
Bank dividend payments suspended
To maintain financial health, banks have been exempt to make any further dividend payout