Page 207 - Latest Updates on Lockdown
Coronavirus LIVE: WHO pauses hydroxychloroquine trial over safety concerns
Coronavirus latest update: Total count of coronavirus cases in India has risen to 144,069. Globally, there are 5,541,497 Covid-19 cases. Stay tuned for Covid-19 LIVE updates at Business Standard
 "Coronavirus LIVE: WHO pauses hydroxychloroquine trial over safety concerns")
Covid creeping into industrial units; companies, workers face new hurdles
On Sunday, Hyundai Motor had said that in the first week of its operation, three of its employees showed mild symptoms of cough and cold and was tested positive for Covid-19
 "Covid creeping into industrial units; companies, workers face new hurdles")
Best of BS Opinion: Unemployment rate at 24.3%, confusion in air, and more
Business Standard opinion pieces for the day talk about various aspects of the Covid crisis
 "Best of BS Opinion: Unemployment rate at 24.3%, confusion in air, and more")
Many manufacturing companies weighed labour cost cuts even before lockdown
Salary and wage bill for manufacturers was down around 1% YoY in Jan-Mar
 "Many manufacturing companies weighed labour cost cuts even before lockdown")
Govt asks RBI to remove sugar from negative list as virus hits consumption
Such a move would spur infusion of fresh liquidity and working capital in sugar mills, facilitating speedy settlement of cane arrears
 "Govt asks RBI to remove sugar from negative list as virus hits consumption")
India has surplus capacity, may allow export of masks in a week: Sources
Exports of personal protective equipment (coveralls) may be considered next as far as export curbs go
 "India has surplus capacity, may allow export of masks in a week: Sources")
Already in debt, Delhi street vendors say they want relief, not more loans
Because of lockdown, most street vendors were not able to earn anything and had to borrow money for survival. Not many will be able to repay the loans offered by the govt, vendors say
 "Already in debt, Delhi street vendors say they want relief, not more loans")
Defence reforms: Indian manufacturers looking to ride the opportunity
FM Nirmala Sitharaman had announced a series of measures to boost investments in India's defence and aerospace sector last week as part of the tranche 4 of the Rs 20 trillion economic stimulus
 "Defence reforms: Indian manufacturers looking to ride the opportunity")
Lockdown extensions economically disastrous, says Anand Mahindra
While acknowledging that choices are not easy for policy makers, he said a lockdown extension will not help.
 "Lockdown extensions economically disastrous, says Anand Mahindra")
Home appliances remain immune to Covid, lockdown relaxation boosts demand
28% consumers keen on buying home appliances, while other discretionary spending is on hold, says Nielsen survey
 "Home appliances remain immune to Covid, lockdown relaxation boosts demand")
Covid-19 crisis: 80% MSMEs in Sonipat hub await their turn to open
The first of a five-part series captures the restlessness of workers in Haryana's industrial clusters struggling to restart operations
 "Covid-19 crisis: 80% MSMEs in Sonipat hub await their turn to open")
Crompton Consumer: Cost control, market share gains lend comfort
With products less discretionary and seasonal in nature, company's growth could see faster recovery, say analysts
 "Crompton Consumer: Cost control, market share gains lend comfort")
Sebi okays use of shares in depository account as margin until Aug 31
The markets regulator in February came out with framework on margin obligation to be given by way of pledged or repledged shares in the depository system
 "Sebi okays use of shares in depository account as margin until Aug 31")
ATMs to become virtual bank branches, accept deposits with instant credit
Close to 14.6 per cent (or 35,000) of the 240,000 ATMs in India are new-age recyclers, even though they have been around for only 3 years on the local landscape.
 "ATMs to become virtual bank branches, accept deposits with instant credit")
Dmart stock to hit margin roadblock: Low footfall, high cost to dent profit
Despite the lockdown its March quarter performance was better than expected
 "Dmart stock to hit margin roadblock: Low footfall, high cost to dent profit")
Rajasthan govt withdraws order increasing daily working limit to 12 hours
Congress-ruled Rajasthan was the first state to increase the working hour limit to 12 hours from 8 hours through an order issued on April 11
 "Rajasthan govt withdraws order increasing daily working limit to 12 hours")
ILO reaches out to PM Modi over labour law changes in various states
The ILO has acted upon a complaint by ten central trade unions earlier this month, objecting to the ordinances proposed to temporarily scrap the labour laws
 "ILO reaches out to PM Modi over labour law changes in various states")
IDFC First Bank seniors to forgo 65% of bonus amid Covid-19 crisis
V Vaidyanathan, managing director and chief executive, will take 30 per cent cut in his compensation, including fixed compensation as well as all allowances.
 "IDFC First Bank seniors to forgo 65% of bonus amid Covid-19 crisis")
Covid's economic toll on Maharashtra
Maharashtra can expect to get additional funding from the increased allocation of Rs 40,000 crore to the Mahatma Gandhi National Rural Employment Guarantee Act announced by the Centre
Punjab, MP lead the way as wheat procurement tops last year's level
The government has purchased 34.15 mln tonnes wheat iill May 24, compared to 34.13 mln tonnes procured in all of 2019.
 "Punjab, MP lead the way as wheat procurement tops last year's level")