Page 203 - Latest Updates on Lockdown
No uniform policy a big hurdle for production: AMNS India CEO Dilip Oommen
Infrastructure steel consumption has not picked up yet. Some steel consuming segments like auto have started their production. Full revival will take some time, says Dilip Oommen
 "No uniform policy a big hurdle for production: AMNS India CEO Dilip Oommen")
Covid-19 Factoid: India's cases rose from 100,000 to 150,000 in just 8 days
Four Indian districts - Ahmedabad, Chennai, Kolkata and Mumbai - account for more than 50% of all cases reported so far in their respective states
 "Covid-19 Factoid: India's cases rose from 100,000 to 150,000 in just 8 days")
India may need to pump Rs 1.5 trn into coronavirus-hit state banks: Report
"The situation is very grim," the source said, adding that banks would require fresh funds soon
 "India may need to pump Rs 1.5 trn into coronavirus-hit state banks: Report")
India's Q1 GDP may contract 40%, states to lose Rs 30 trillion: Report
For FY21, the SBI Ecowrap report has projected a 6.8 per cent contraction in the country's real GDP
 "India's Q1 GDP may contract 40%, states to lose Rs 30 trillion: Report")
Indian economy may expand by around 5% in FY22: Ex-RBI governor Subbarao
According to Subbarao, the country is going to face its worst recession in the current financial year
 "Indian economy may expand by around 5% in FY22: Ex-RBI governor Subbarao")
SBI extends term loan EMI moratorium by 3 months as coronavirus 'respite''
The state-owner lender said it had contacted loan customers to obtain their consent to stop their Standing Instructions
 "SBI extends term loan EMI moratorium by 3 months as coronavirus 'respite''")
33 Covid cases in Kancheepuram industries, district on alert: collector
There are over 1,000 units in the district, many of which are small scale units that don't need specific permission to resume
 "33 Covid cases in Kancheepuram industries, district on alert: collector")
10-15% moderation in salaries not to impact lending practice: HDFC Bank
If the corporates are looking at moderation in salaries or in the increments, the same needs to be watched carefully from a prudential perspective, said the bank's country head for retail lending
 "10-15% moderation in salaries not to impact lending practice: HDFC Bank")
Banks not passing rate cut benefits to borrowers, developers: CREDAI to RBI
RBI has directed the banks to link floating rates on housing loans to external benchmarks
 "Banks not passing rate cut benefits to borrowers, developers: CREDAI to RBI")
Rahul spreading false news; no one can threaten Modi's India: Ravi Shankar
Amidst the rising tension in east Ladakh along the Sino-India border, Union Minister Ravi Shankar Prasad on Wednesday said that no one can threaten Narendra Modi's India
 "Rahul spreading false news; no one can threaten Modi's India: Ravi Shankar")
Donations by companies to PM-CARES Fund notified as CSR, says govt
Finance Minister Nirmala Sitharaman had tweeted on March 29 that CSR Funds can now donate to PM CARES Fund
 "Donations by companies to PM-CARES Fund notified as CSR, says govt")
Does UP govt want to scrap labourers' constitutional rights, asks Priyanka
CM Adityanath had on May 25 said that the state government will provide social security and insurance to labourers
 "Does UP govt want to scrap labourers' constitutional rights, asks Priyanka")
UP to bring industry chambers on board for providing jobs to migrants
So far, the state has evacuated more than 2.5 mn stranded workers
 "UP to bring industry chambers on board for providing jobs to migrants")
Kolkata Metro Railway to start trial run of trains for maintenance
Preparations have begun for restarting metro services in the city with stress on maintaining social distancing at stations and inside the trains
 "Kolkata Metro Railway to start trial run of trains for maintenance")
Covid-19: India's caseload tops 150,000-mark, US sees 100,000 plus deaths
Let's take a look at major coronavirus related developments across the world
 "Covid-19: India's caseload tops 150,000-mark, US sees 100,000 plus deaths")
Coronavirus LIVE: India cases cross 150,000-mark; global cases at 5,683,802
Coronavirus LIVE updates: Maharashtra, Tamil Nadu, Gujarat, Delhi are among the worst-hit states. Track LIVE updates on Covid-19 cases, corona vaccine
 "Coronavirus LIVE: India cases cross 150,000-mark; global cases at 5,683,802")
Covid-19 lockdowns: California eases pandemic restrictions, NYSE reopens
While lifting the ban on services at places of worship, the California governor limited the number of people who can gather at one time to 25 percent of a building's capacity
 "Covid-19 lockdowns: California eases pandemic restrictions, NYSE reopens")
FSDC meet on Thursday to discuss impact of coronavirus on economy
This will be the first meeting of the FSDC, which comprises RBI Governor and other financial sector regulators, after the outbreak of the coronavirus.
 "FSDC meet on Thursday to discuss impact of coronavirus on economy")
Best of BS Opinion: India-China relations, the Covid curve, and more
Here is a summary of Business Standard opinion pieces for the day
 "Best of BS Opinion: India-China relations, the Covid curve, and more")
Uber trims a quarter of its India workforce, lays off 600 employees
The move is part of a global restructuring plan announced earlier by Uber CEO Dara Khosrowshahi in view of dwindling fortunes amid Covid-19 lockdowns in several countries, including India
 "Uber trims a quarter of its India workforce, lays off 600 employees")