Page 184 - Latest Updates on Lockdown
Covid-19 impact: Nifty50 scorecard shows worst profit slump in 6 years
Profits at NSE Nifty 50 Index members fell about 15% last quarter from the same period last year, the worst drop since at least 2014, according to Bloomberg-compiled data.
 "Covid-19 impact: Nifty50 scorecard shows worst profit slump in 6 years")
Wealth of US billionaires jumps $500 bn during Covid-19 pandemic: Report
During the 11 weeks from March 18, when US lockdowns started, the wealth of America's richest people surged by over $565 billion, while 42.6 million workers filed for unemployment
 "Wealth of US billionaires jumps $500 bn during Covid-19 pandemic: Report")
NCR movement: SC asks three states to come up with common policy
The counsel appearing for Haryana informed the bench that the state has lifted the restrictions on movement at its borders.
 "NCR movement: SC asks three states to come up with common policy")
Firms unable to pay wages must submit balance sheets: Govt to SC
SC extends till June 12 its order asking govt not to take coercive action against employers for not paying salaries
 "Firms unable to pay wages must submit balance sheets: Govt to SC")
Path to world-beating growth is tough as India becomes virus hotspot
The blow from a virtual shutdown of a nation of 1.3 billion people has been so severe that economists are struggling to forecast how long it will take to recover
 "Path to world-beating growth is tough as India becomes virus hotspot")
70% of MSMEs intend to reduce headcount to save businesses: AIMO survey
The survey's result, the second part of the survey series conducted by AIMO amongst the corporates, MSMEs, self employed persons and others, was based on the responses from 46,525 participants.
 "70% of MSMEs intend to reduce headcount to save businesses: AIMO survey")
The indignity of labour laws
Suspending the entire labour law as some states have tried is not sustainable
 "The indignity of labour laws")
Covid-19 and the job crunch
Having realised that there is really no contradiction between "jaan" and "jahaan", states are gradually reopening their economies. But they are locking the stable doors after the horses have bolted
Borrowings by states double in lockdown owing to severe revenue crunch
Market borrowings at over Rs 1.26 trn in April-early June, against Rs 60,000 cr in the year-ago period
 "Borrowings by states double in lockdown owing to severe revenue crunch")
Letter to BS: Post lockdown, high costs can force out many air travellers
The aviation sector will face a strong headwind as fliers will avoid all non-essential travel.
 "Letter to BS: Post lockdown, high costs can force out many air travellers")
Centre releases Rs 36,400 cr GST compensation to states,UTs for 3 months
For the April-November 2019 period, the Centre had already released Rs 1,15,096 crore to compensate states and UTs on account of revenue loss due to implementation of the GST
 "Centre releases Rs 36,400 cr GST compensation to states,UTs for 3 months")
Tamil Nadu CM sends feelers to 11 automotive CEOs to invest in the state
Palaniswami promised customised incentive package to majors like Tesla, BMW, Mercedes-Benz, among others
 "Tamil Nadu CM sends feelers to 11 automotive CEOs to invest in the state")
Job situation improves in 2018-19, unemployment rate falls to 5.8%: Govt
The labour force participation rate (LFPR) during 2018-19 rose to 37.5 per cent as compared to 36.9 per cent a year ago, said the Periodic Labour Force Survey (PLFS)
 "Job situation improves in 2018-19, unemployment rate falls to 5.8%: Govt")
Amid anti-China sentiments, police use TikTok to spread Covid-19 awareness
Besides Covid-related information, the Bengaluru police has used TikTok to highlight issues related to women's safety and online frauds.
 "Amid anti-China sentiments, police use TikTok to spread Covid-19 awareness")
Covid-19 impact: Rolls-Royce Holdings plans to cut 3,000 jobs in UK
The London-based manufacturer said it expects to trim a total of 8,000 positions from the aviation division
 "Covid-19 impact: Rolls-Royce Holdings plans to cut 3,000 jobs in UK")
Aston Martin to axe 500 jobs with Covid-19 stifling demand for cars
The British company will begin consulting with employees and unions in coming days about building fewer front-engined sports vehicles
 "Aston Martin to axe 500 jobs with Covid-19 stifling demand for cars")
Five important things Rajiv Bajaj said in conversation with Rahul Gandhi
The managing director of Bajaj Auto was in a dialogue with Congress leader Rahul Gandhi, as part of a series on India's COVID-19 response and the lockdown initiated by Rahul Gandhi
 "Five important things Rajiv Bajaj said in conversation with Rahul Gandhi")
SC issue notices to UP, Bihar on plea alleging bonded labour in brick kilns
It said that on May 8, three complaints were filed before the NHRC alleging that 187 persons were being exploited for illegal bonded labour in the brick kilns
 "SC issue notices to UP, Bihar on plea alleging bonded labour in brick kilns")
Agri sector may not be hit by lockdown; likely to grow 2.5% in FY21: Crisil
The government has announced MSP hike for 14 kharif crops, assuring farmers 50-83 per cent returns on their cost of production
 "Agri sector may not be hit by lockdown; likely to grow 2.5% in FY21: Crisil")
Coronavirus impact: Sebi extends regulatory filing deadline for AIF, VC
The regulator said a need has been felt to further extend the timelines for regulatory filings for such entities
 "Coronavirus impact: Sebi extends regulatory filing deadline for AIF, VC")