#Economy

3 hours ago.Omaha, NE, USA
Berkshire Hathaway CEO and chairman Warren Buffet is also known as the 'Oracle of Omaha'. (Photo Credit: AFP)

  • "Never bet against America," Warren Buffet wrote in a letter to investors
  • Buffett's annual letter is always highly anticipated by the business world
  • In his latest letter, Buffett did acknowledge Berkshire's purchase of Precision Castparts in 2016 was a mistake

8 hours ago.Washington D.C., DC, USA
The US President had requested a bipartisan when he came to power in January (AFP Photo)

  • The bill was passed in the House of Representatives on Saturday morning
  • The bill is set to be presented in the Senate that had also rejected Biden's wage hike proposal
  • The COVID relief package contains support for local business, child and unemployment support

9 hours ago.Washington D.C., DC, USA
The US House of Representatives on Saturday passed President Joe Biden's $1.9 trillion COVID-19 relief bill. (Photo Credit: AP/PTI)

  • The stimulus plan seeks to help more than 11 million unemployed people
  • Parents of children under the age of 18 will receive a year of monthly benefits
  • The bill promises a $110 billion grant for small businesses

10 hours ago.Kolkata
A sunrise industry will also attract a lot of investors as they will be looking to get long-term benefits from a progressive sector. (Photo Credit: Unsplash)

Such kinds of industries are characterised by increasing growth rate, popping start-ups, and available funding.

12 hours ago.New Delhi, Delhi, India
Estimates given out in February end are based on data collected for three quarters. (Photo Credit: Representative Image/Unsplash)

  • India will lose nearly Rs 12 lakh crore in output in 2020-21
  • The year will close with a GDP decline of 8% versus a 4% growth in the previous fiscal 2019-20
  • In Q3, GDP growth has been estimated at 0.4%

21 hours ago.New York, NY, USA
Stocks slumped worldwide on Friday. (Representative Image/Unsplash)

  • Oil prices fell after striking 13-month peaks Thursday
  • Dow Jones down by 1.5%, closed at 30,932.37
  • Meanwhile, Nasdaq closed at 13,192.34 up by 

1 day ago.New Delhi, Delhi, India
Here's an analysis of what actually led to the market downfall. (Photo Credits: Representational Image/ Pixabay)

  • Indian markets recorded the worst single-day fall in nearly 10 months on Friday
  • Rise in bond yields and US-Syria tensions are the prime reasons behind the fall
  • Banking, Financial and Telecom sectors suffered major setbacks

1 day ago.New Delhi, Delhi, India
National Statistical Office on Friday released India's GDP data for Q3 of FY2020-21. (Photo Credit: Representational Image/Pixabay)

  • In Q1, India's GDP contracted by a whopping 23.9%
  • In Q2, GDP contracted by 7.5%
  • India's economy will contract by 8% in FY2020-21, according to government estimate

1 day ago.New Delhi, Delhi, India
The farmers' union Samyukta Kisan Morcha (SKM) on Thursday decided to join the Bharat Bandh called by CAIT. (Photo credit: PTI)

  • Samyukta Kisan Morcha appealed for a peaceful protest
  • The bandh is called by the Confederation of All India Traders (CAIT)
  • CAIT said that traders and transporters will stage sit-in at 1,500 places across the country

2 days ago.New Delhi, Delhi, India
Motto of GST- One Nation, One Tax, One Market. (Photo Credit: The Unsplash)

  • GST is an indirect tax levied in India on the supply pf goods and services
  • The aim of GST has been better tax compliance to overcome the cascading effect, that is double taxation
  • The overall transparency and accountability of businesses in India have believed to be improved over a period of time