Page 186 - Latest Updates on Lockdown
Aberdeen Standard defensive on India, deems Centre's measures insufficient
Prime Minister Narendra Modi last month declared a $265-billion rescue package - equivalent to 10 per cent of the gross domestic product
 "Aberdeen Standard defensive on India, deems Centre's measures insufficient")
Piyush Goyal asks property developers to cut prices to survive downturn
Unless you reduce your rates, you will be stuck with your inventory, Goyal said to developers.
 "Piyush Goyal asks property developers to cut prices to survive downturn")
Britannia: Overall business outlook expected to be robust going ahead
Stock hits all-time high on growth uptick in April, May
 "Britannia: Overall business outlook expected to be robust going ahead")
Covid-19: Quarter of Genpact staff to continue working from home, says CEO
This will mark a shift in an industry that is widely thought of as being used to working from a fixed workplace.
 "Covid-19: Quarter of Genpact staff to continue working from home, says CEO")
Dismantling of labour laws will take away workers' protection, says Ex-CEA
India's January-March GDP growth sank to 3.1 per cent, a low not seen in at least 17 years
 "Dismantling of labour laws will take away workers' protection, says Ex-CEA")
Unlock = open, not choked!
Don't let a virus stall initiatives and weaken the economy
 "Unlock = open, not choked!")
Perils of 'self-reliance'
Protectionism will hurt India's economy and its people
 "Perils of 'self-reliance'")
Delinquencies have doubled amid Covid-19, says IMGC CEO Mahesh Misra
Higher loan-to-value transactions also have higher moratorium percentages. And people with poor credit scores have opted for moratorium compared to those who had no credit scores, he said
 "Delinquencies have doubled amid Covid-19, says IMGC CEO Mahesh Misra")
Govt eases visa norms amid Covid-19; foreign businessmen can visit India
Foreign healthcare professionals, health researchers, engineers and technicians who wish to come for technical work at Indian health sector facilities, including laboratories and factories
 "Govt eases visa norms amid Covid-19; foreign businessmen can visit India")
Covid-19: FRBM framework will need to be updated, says Arvind Subramanian
Addressing a webinar organised by EY India, Subramanian further said while labour reforms were necessary, the way they have been done by some states have undermined basic protections to workers
 "Covid-19: FRBM framework will need to be updated, says Arvind Subramanian")
Air passenger traffic in India may fall 45-50% in FY21 over Covid-19: ICRA
It also said the aviation infrastructure industry is amongst the most severely impacted by the Covid-19 crisis and the setback is expected to be substantial in the near term
 "Air passenger traffic in India may fall 45-50% in FY21 over Covid-19: ICRA")
Air India to operate 75 passenger flights to US, Canada between June 9 - 30
Domestic passenger flights resumed in India from May 25 after a gap of two months due to the coronavirus-triggered lockdown
 "Air India to operate 75 passenger flights to US, Canada between June 9 - 30")
Cong releases teaser of Rahul's discussion with industrialist Rajiv Bajaj
The first such dialogue was held on April 30 when Gandhi discussed the coronavirus pandemic and its economic implications with former Reserve Bank of India governor Raghuram Rajan.
 "Cong releases teaser of Rahul's discussion with industrialist Rajiv Bajaj")
Amara Raja Group announces pay cut to employees amid Covid-19 crisis
Amara Raja Group Promoters holding the office of Managing Director in various businesses have voluntarily agreed for up to 50 per cent reduction in their total remuneration for the current fiscal
 "Amara Raja Group announces pay cut to employees amid Covid-19 crisis")
More than 4 mn Covid-19 detection tests in India so far: Health ministry
The testing capacity has been increased to 140,000 lakh per day through 480 government and 208 private laboratories (total 688 laboratories)
 "More than 4 mn Covid-19 detection tests in India so far: Health ministry")
GVK Group cuts salaries by up to 30% from May as Covid-19 impacts business
The diversified group, which is into energy, resources, airports, transportation, hospitality and life sciences sectors, has around 1,800 workforce
 "GVK Group cuts salaries by up to 30% from May as Covid-19 impacts business")
South Korea allows use of Gilead's remdesivir to treat Covid-19 patients
The South Korean government's fast-track import approval on Wednesday came after health authorities concluded that the drug could possibly help patients recover faster
 "South Korea allows use of Gilead's remdesivir to treat Covid-19 patients")
India contained Covid-19 spread to a large extent: President Kovind
In a telephonic conversation with Georgia's President Salome Zourabichvili, Kovind said India has also been at the forefront in mobilising international efforts against the pandemic
 "India contained Covid-19 spread to a large extent: President Kovind")
Covid-19 to accelerate adoption of automation technologies, says Nasscom
The report cited sewing machine operators, graders and sorters of agricultural products as examples of completely automatable occupations
 "Covid-19 to accelerate adoption of automation technologies, says Nasscom")
UP provides cash support of Rs 1,000 each to more than 3.3 mn poor people
This includes 1.79 million construction labourers, 881,000 urban labourers and 659,000 destitute in the rural areas of the state
 "UP provides cash support of Rs 1,000 each to more than 3.3 mn poor people")