Page 168 - Latest Updates on Lockdown
Moratorium on loans: SC gives 3 days to FinMin, RBI to decide on interest
On March 27, the RBI had announced a three-month moratorium on all term loans in view of the Covid-induced lockdown and related disruptions.
 "Moratorium on loans: SC gives 3 days to FinMin, RBI to decide on interest")
Mahindra reports first quarterly loss in 19 years amid Covid-19 crisis
Net loss stood at Rs 1,761 cr in Q4
 "Mahindra reports first quarterly loss in 19 years amid Covid-19 crisis")
M&M: Rural demand, normal monsoons and higher MSP to support volumes
Capital allocation, urban volumes, new regime key factors to be seen
 "M&M: Rural demand, normal monsoons and higher MSP to support volumes")
Will the changing consumer redefine capitalism?
Kotler believes that the current pandemic will usher in an anti-consuming movement. He points to the emergence of at least five types of anti-consumerists
Bharat to India Inc's rescue: Green shoots in villages lead demand recharge
A major indicator of farm mood is manifest in tractor sales for the month of May
 "Bharat to India Inc's rescue: Green shoots in villages lead demand recharge")
ONGC seeks crude price assurance of $45 per barrel, cuts capex by 15%
The largest domestic oil and gas producer had budgeted a capex of Rs 32,502 crore for the financial year, which has now been cut to around Rs 27,500 crore.
 "ONGC seeks crude price assurance of $45 per barrel, cuts capex by 15%")
ICSE class 10 exams for Maharashtra students to be conducted in July
The central board in its affidavit, however, argued that it does not require the state government's permission to conduct the examinations
 "ICSE class 10 exams for Maharashtra students to be conducted in July")
Despite Covid-19 induced slowdown, Infosys to do campus hirings this fiscal
The IT firm will soon initiate discussions with colleges to start the process from September
 "Despite Covid-19 induced slowdown, Infosys to do campus hirings this fiscal")
The lockdown's getting to me
My wife says does the RWA expect the dog to do his business in the house
After IL&FS crisis, Covid-19 makes NBFCs struggle despite RBI actions
While bank credit to NBFCs has seen a rise of 30 per cent year on year, credit has mostly flown into larger NBFCs with good parentage and ones with better ALM positions.
 "After IL&FS crisis, Covid-19 makes NBFCs struggle despite RBI actions")
How many disasters will Runa bear?
The lockdown has been hard on Ghorai and her community
Private, not confidential: How data is a casualty in the time of pandemic
Battling the pandemic demands an unprecedented amount of citizen surveillance and data collection. In all of this, does privacy matter? Neha Alawadhi and Arundhuti Dasgupta report
 "Private, not confidential: How data is a casualty in the time of pandemic")
SC allows TN to devise methods to sell liquor online or physically
Tamil Nadu State Marketing Corporation (TASMAC), which sells alcoholic beverages in the state, said that it cannot be instructed to sell liquor only through online and home deliveries.
 "SC allows TN to devise methods to sell liquor online or physically")
Moratorium: SC asks Centre, RBI to decide on EMI interest within 3 days
During the hearing, the bench said that it is trying to take a balanced view of the matter, and only wants that wider measures should be adopted.
 "Moratorium: SC asks Centre, RBI to decide on EMI interest within 3 days")
'Success' and lockdowns
Victory in terms of controlling the spread of the disease would require a complete lockdown, as stringent as the one India thought it was imposing
Risk of new lockdowns rises with fear of second wave of Covid-19 infections
Health officials worldwide have expressed concerns in recent days that some countries grappling with the devastating economic impact of lockdowns may lift restrictions too swiftly
 "Risk of new lockdowns rises with fear of second wave of Covid-19 infections")
SC, HC rap Centre, Delhi govt over non-payment of salaries to doctors
In war, you do not make soldiers unhappy. Travel extra mile and channel some extra money to address their grievances, said SC
 "SC, HC rap Centre, Delhi govt over non-payment of salaries to doctors")
Food inflation crosses 9% in May, data on snacks and sweets held back
Statistics office also does not release retail headline inflation number
 "Food inflation crosses 9% in May, data on snacks and sweets held back")
Wage payments during lockdown: No action on employers till July, rules SC
States should facilitate settlement between companies and employees over wages, says court.
 "Wage payments during lockdown: No action on employers till July, rules SC")
How long did India's per capita GDP take to recover after 1918 pandemic?
The OECD recently said the world hasn't seen such an economic crisis in a century
 "How long did India's per capita GDP take to recover after 1918 pandemic?")