Category Archives: Markets

Royal Mail fined £1.6m for late deliveries and stamp overcharging 

Ofcom issues penalty for failure to meet postal target and second-class stamp errorRoyal Mail has been fined £1.6m by the communications regulator Ofcom for delivering letters late and overcharging for stamps.Ofcom requires the postal service to deliver 93% of first-class post within one working day of collecting it but Royal Mail undershot the target, with […]

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Jobless claims at better-than-expected 1.3 million, total getting benefits falls to 18 million 

Weekly jobless claims were lower than expected last week as workers slowly returned to their jobs in the wake of rising coronavirus cases.

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India plans to enhance trade with Bangladesh 

Last week’s decision to resume border trade via West Bengal despite opposition from the Mamata Banerjee government will help increase Bangladeshi exports to India after a hiatus, said sources.

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Enhanced checks to delay courier imports 

Courier imports have been on the radar of authorities after it was found that the route was being misused by some ecommerce platforms to bring goods declaring them as gifts, which are duty-free. Some such Chinese platforms operating via mobile apps selling goods including Shein have been banned as part of a larger clampdown.

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U.S. in talks with India on market access, trade concessions: U.S. envoy 

“The GSP by law requires that there be some market opening measures in recipience of that preferential system, and that’s what we have been trying to reach an agreement on with the government of India,” U.S. ambassador to India Kenneth Juster said at India Global Week 2020, an online business summit.

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India-EU summit to be held through video conference on July 15 

Prime Minister Narendra Modi will hold extensive talks with President of the European Council Charles Michel and President of the European Commission Ursula von der Leyen on a range of issues in the summit.

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Coronavirus: Public spending on crisis soars to £190bn 

The rise comes as the chancellor announces another £30bn of measures to try to help the economy.

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Coronavirus: Pools, gyms, team sport and outdoor gigs to return 

Restrictions in England are further eased – with beauty businesses also able to reopen on Monday.

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I’m furious that we can’t reopen’ 

Beauty salons and gyms in England get a date to reopen but some treatments remain blacklisted.

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India Already Seeing Green Shoots Of Economic Recovery Says PM 

On one hand India is fighting a strong battle against the global pandemic and the government is equally focused on the health of the economy, noted Prime Minister Narendra Modi in his inaugural address at India Global Week 2020. During the last six years, India has made great gains in areas such as Total financial inclusion, Record housing and infra construc […]

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Trump wants tax breaks to lure baseball fans back, but incentive could misfire with attendance still barred 

The president is pushing tax incentives for sports leagues that have not been able to reopen because of the pandemic.

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Half of all jobs in FY20 came from MGNREGA in just 100 days, COVID-19 makes this scheme superstar 

After a lull in the lockdown month of April, when the person days of work created stood at 14.12 crore, the lowest in any month since 2016-17, a sudden surge occurred in MG-NREGS jobs since the first week of May.

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Autotrader: The best SUVs for less than $40k 

Whether you want small or big, 2- row or 3-row, hybrid or conventional, a $40,000 budget can go a long way.

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Data Raises Questions About Who Benefited From PPP Loans 

The government’s paycheck protection program was intended to help small businesses during the pandemic keep workers on staff. But a lot of the recipients weren’t exactly small businesses.

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World Bank’s prescription to heal India’s health sector; use private bodies, they meet 60% of demand 

India needs to design its health budget execution and resource allocation based on population needs rather than historical norms.

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