Business highlights

New Delhi, Feb 7 () Following are the top business stories at 1812 hours:

DEL25 BIZ-INCOMETAX-PANDEYFinance ministry expects at least 80 pc of taxpayers to move to new tax regimeMumbai:The finance ministry expects at least 80 per cent of the taxpayers to move to the new income tax regime, Revenue Secretary Ajay Bhushan Pandey said on Friday.DEL32 BIZ-FM-FRDI-BILLFinMin working on FRDI bill, says Sitharaman MumbaI:The finance ministry is working on the contentious Financial Resolution and Deposit Insurance (FRDI) Bill but not sure when it will be tabled in the house, Union minister Nirmala Sitharaman said.

DCM27 BIZ-INDIA-US TRADEIndia not negotiating comprehensive FTA with US currently: GoyalNew Delhi: The government on Friday said that currently, India is not negotiating a comprehensive free-trade agreement (FTA) with the US.

DEL48 BIZ-LD RUPEERupee slips 22 paise to 71.40 against USD on strong dollar demandMumbai: The rupee declined by 22 paise to settle at 71.40 against the US dollar on Friday amid selling in domestic equities and strengthening of the American currency overseas.DEL33 BIZ-LD STOCKSMarkets take a breather after 4-day rally; post weekly gainsMumbai: Equity benchmarks closed in the red for the first time this week on Friday as investors cashed in on recent gains amid subdued global market sentiment due to the coronavirus outbreak.DCM28 BIZ-VIRUS-ECONOMYCoronavirus to have larger impact on global economy than SARS: IHS MarkitNew Delhi: The outbreak of coronavirus will have a larger negative effect on the global economy than the SARS (Severe Acute Respiratory Syndrome) outbreak in 2003, as any slowdown in Chinese economy would send not ripples but waves across the globe, IHS Markit said on Friday.

DCM12 BIZ-FM ECONOMYBudget 2020 provides 'discreet and considered' stimulus: FMMumbai: Finance Minister Nirmala Sitharaman on Friday said the budget presented by her last week provides a "discreet and considered" stimulus. RUJRUJ