Mint Midday Digest: COVID-19 cases, ITR filing date, cryptocurrency and more

India reported 20,409 new covid cases and 47 deaths in the last 24 hours. Active caseload currently stands at 1,43,988 cases, pushing up the tally of Covid-19 cases to more than 4.39 crore. Read More.

Filing I-T return: When do you have to use the ITR-2?

As the deadline to file income tax draws even closer, tax payers are hurrying through the process to meet the deadline that falls on July 31. Read More.

Mumbai: BMC to close all of its Covid- 19 Jumbo Centers as cases dip in the city

The Brihanmumbai Municipal Corporation(BMC) has decided to close all its COVID19 Jumbo Centers, in view of the decreasing number of COVID19 cases. Read More.

What is a recession? How bad might things get?

US inflation is at a four-decade high, borrowing costs are surging and stocks have taken a beating. With the Federal Reserve going full steam ahead on an aggressive campaign to temper demand and tame prices, concerns are growing that its moves will tip the US into recession. There’s no shortage of opinions about whether a downturn is inevitable, when it might start and how bad it might be. Read More.

Had no access to rooms where money was kept, belongs to Partha: Arpita Mukherjee

In another development in teacher recruitment scam, arrested Arpita Mukherjee has claimed that she had no access to those rooms where the federal agency sleuths recovered crores in cash and said Partha Chatterjee’s men used to keep that money in her rooms, said the Enforcement Directorate (ED) officials. Read More.

Crypto exchange Zipmex files for bankruptcy. What users need to know

Southeast Asia-focused cryptocurrency exchange Zipmex, in markets like Singapore, Thailand, Indonesia and Australia, said it had filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in crypto markets. Read More

India to have around 900 million internet users by 2025: Report

Around 346 million Indians are engaged in online transactions including e-commerce, and digital payments, according to a report published by the Internet and Mobile Association of India (IAMAI). The data revealed that this number is greater than the total US population engaged in digital transactions which is estimated at 331 million. Read More.


Stocks cheer Fed stance on rates

Indian benchmark indices Sensex and Nifty gained 1.87% and 1.73% respectively on Thursday as investors breathed a sigh of relief over rate hikes by the US Federal Reserve (75 bps) coming in line with expectations. A less hawkish stance of the US FED added to investor optimism. Read More.

India slashing logistics costs to power growth

India’s logistics cost, currently well above that of major economies such as the US, China and the EU, is set to become very competitive in about five years with massive efficiency gains to the economy and last mile connectivity to people even in remote areas, central ministers said at the Mint Mobility Conclave on Thursday. Read More.

Textile exporters reach out to big Australian companies

Indian textile and apparel exporters are busy tying up supply partnerships with Australian buyers even as the India-Australia interim free trade agreement awaits ratification by Canberra. Read More.

ReNew to set up hydrogen plant in Egypt

NASDAQ-listed ReNew Power has signed a memorandum of understanding (MoU) with Egyptian government agencies and a sovereign fund to set up a green hydrogen manufacturing facility at the Suez Canal Economic Zone in Egypt. Read More.

Firms face festive season hiring test as workers seek better pay and stay

Cash-strapped companies are resisting demands by blue-collar contract workers for better pay, healthcare and living quarters to shift from one state to another, forcing recruiters to look further afield for festive season hires. Read More.

Unacademy arm Relevel asks employees to apply for open positions

Edtech startup Unacademy had asked a section of employees at its subsidiary, Relevel, to apply for open positions available in group companies, or see their contracts dissolved, a move it rescinded on Thursday evening, two people in the know said. Read More.

India’s first global gold exchange IIBX to allow jewelers import precious metal

India’s first global gold exchange — India International Bullion Exchange (IIBX) — aims to create a regional bullion hub that will allow more jewelers to import the precious metal, Bloomberg reported on 29 July. The exchange is expected to attract dealers, refineries and foreign banks. Read More. 

Delhi govt to work on rapid expansion of EV charging infrastructure 

Delhi government on Thursday said that it will join hands with discoms and civic bodies to work on a coordinated strategy for the rapid expansion of electric vehicle charging infrastructure. The decision was taken at the fifth meeting of the government’s Electric Vehicle (EV) Charging Infrastructure Working Group, chaired by Vice Chairperson, Dialogue and Development Commission (DDC) of Delhi, Jasmine Shah. Read More. 

Monkeypox in Maharashtra: 9 out of 10 suspected patients test negative; 1 result awaited

A senior health official said on Thursday that nine out of ten samples of suspected monkeypox infection sent to the National Institute of Virology (NIV) have tested negative for the viral disease, a senior health official said on Thursday. Read More. 

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