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Tag: February

Record February borrowing of £19.1bn – but full-year hit could be a bit smaller than feared

Record February borrowing of £19.1bn – but full-year hit could be a bit smaller than feared

Business
Public sector borrowing rose to £19.1bn last month as the cost of tackling the coronavirus pandemic took a further toll.The sum - which represents the shortfall between the government's revenues, such as tax, and its spending on things like the NHS - was the highest for February on record. It was a little lower than the £21bn that had been pencilled in by economists and may mean the chancellor undershoots the colossal £355bn total for 2020/21 pencilled in by the Office for Budget Responsibility (OBR), unprecedented since the Second World War. Image: Higher spending on the NHS has contributed to borrowing The outlook for the full year has also been helped by a £5.6bn downward revision for January's shortfall.But the scale of the defici...
PMLA case: Kochhars, Venugopal Dhoot told to appear in court on February 12

PMLA case: Kochhars, Venugopal Dhoot told to appear in court on February 12

Finance
Mumbai: A special PMLA court in Mumbai on Saturday issued summons to former ICICI Bank managing director Chanda Kochhar and other accused after taking cognizance of the charge sheet filed against them by the Enforcement Directorate in a money laundering case and asked them to appear before court on February 12. The ED filed its first charge sheet against Kochhar, her husband Deepak Kochhar, and Videocon Group promoter Venugopal Dhoot on money laundering charges in November. Special PMLA Judge AA Nandgoankar took cognisance of the complaint filed by ED on Saturday and directed all the accused to remain present before it on February 12. The ED had filed a money laundering case against the Kochhars, Dhoot and others for "illegal sanctioning of loans amounting to Rs 1,875 crore to the Videoc...

IGI airport to charge new levy on flyers, flying out of Delhi to be a bit costlier from February

Finance
(This story originally appeared in on Jan 02, 2021)NEW DELHI: Flying out of Delhi will cost marginally more from next month. The Airports Economic Regulatory Authority (AERA) has allowed Delhi International Airport Ltd to levy Rs 65.98 plus taxes per departing passenger from February 1 to March 31 in lieu of the "fuel throughput charge" levied on airlines till January 15, 2020. The new charge per passenger departing from Indira Gandhi International Airport will drop to Rs 53, Rs 52.56 and 51.97 (taxes extra), respectively, in financial years 2022 (April 1, 2021-March 31, 2022), 2023 and 2024. Sources said that AERA hadn't yet approved DIAL's request for an additional levy of Rs 200 and Rs 300 from each domestic and international outbound passenger to offset the revenue losses caused by th...
Floyd Mayweather announces ring return for February 28 fight at Tokyo Dome in Japan – same venue as Mike Tyson vs Buster Douglas 30 years ago

Floyd Mayweather announces ring return for February 28 fight at Tokyo Dome in Japan – same venue as Mike Tyson vs Buster Douglas 30 years ago

Sports
Floyd Mayweather will return to the ring for a fight on February 28 at the Tokyo Dome, it was announced in Japan overnight. The retired, 50-0 boxing superstar teased last week that he would be ‘doing something big’ at the Tokyo Dome and appeared via video call at a press conference held in the country on Monday morning to make plans more public. Chris Farina/Top Rank Mayweather quit boxing with a perfect 50-0 record Details remain scarce regarding the opponent and specific nature of the bout, but what was confirmed is that Mayweather will be competing on the same show as a new MMA event named ‘MEGA 2021’ on Sunday, February 28. This should not be taken to mean that Floyd will be participating in an MMA fight, of course. When he was last seen in the r...

Stock futures open flat as S&P 500 struggles to reach February record high

Finance
A jogger passes in front of the New York Stock Exchange (NYSE) in New York, on June 17, 2020.Michael Nagel | Bloomberg | Getty ImagesU.S. stock futures were flat on Thursday night after the S&P 500 failed once again to reach its record high from February.Dow Jones Industrial Average futures were up just 20 points, or 0.1%. S&P 500 and Nasdaq 100 futures traded marginally higher as well. The S&P closed the regular session down 0.2%. Earlier in the day, it briefly traded above its record closing high of 3,386.15. The gyrations between gains and losses through the day came as tech shares outperformed while names that would benefit from the economy reopening struggled.Facebook, Netflix and Alphabet all closed higher and Apple rallied to an all-time high. Meanwhile, Gap and Ame...