Page 227 - Latest Updates on Lockdown
'Amphan': India facing second super cyclone, says NDRF chief S N Pradhan
The landfall of cyclone 'Amphan' would be on May 20 between Digha in West Bengal and Hatia Island in Bangladesh, he said.
 "'Amphan': India facing second super cyclone, says NDRF chief S N Pradhan")
Entire office needn't be shut if 1 or 2 Covid-19 cases are reported: Govt
However, if there is a larger outbreak, the entire building will have to be closed for 48 hours
 "Entire office needn't be shut if 1 or 2 Covid-19 cases are reported: Govt")
Uber cuts 3,000 more jobs, closes offices amid coronavirus outbreak
Combined with the 3,700 employees in customer support and human resources, Uber dismissed earlier this month, the cuts now total about 25% of the total workforce. A spokesman said more cuts could come
 "Uber cuts 3,000 more jobs, closes offices amid coronavirus outbreak")
Borrowing limit raised, but states won't rush to make use of the chance
Only eight states will qualify for the extra borrowing, as they have to meet stiff conditions on ease of doing business.
 "Borrowing limit raised, but states won't rush to make use of the chance")
Logging in with facemasks: Offices look different as staff returns to work
Office life in these cities resumed on Monday, albeit cautiously and with full knowledge of the need to maintain social distancing.
 "Logging in with facemasks: Offices look different as staff returns to work")
Stimulus disappoints Street; Sensex ends 1,069 pts lower, bank stocks fall
The Sensex closed at 30,028, down 1,069 points, or 3.4%, and the Nifty fell 314 points, or 3.4%, to end at 8,823
 "Stimulus disappoints Street; Sensex ends 1,069 pts lower, bank stocks fall")
Delhi to Andhra, states take slow and steady steps to exit lockdown
Delhi implemented most of the demands made to the Centre in a letter to Prime Minister Narendra Modi on 14 May.
 "Delhi to Andhra, states take slow and steady steps to exit lockdown")
Bharti Airtel posts consolidated loss before tax of Rs 7,010 crore in Q4
During the quarter, the company took an exceptional charge of Rs 7,004 crore mainly on account of the re-assessment of interest on licence fee, and spectrum usage charges (including interest on AGR).
 "Bharti Airtel posts consolidated loss before tax of Rs 7,010 crore in Q4")
Despite lockdown, sugar mills contract for 4.2 million tonnes of exports
3.6 MT shipped by mills so far; Indonesia, Iran major offshore destinations
 "Despite lockdown, sugar mills contract for 4.2 million tonnes of exports")
Gold up 1.7% in Mumbai as north India opens up its jewellery stores
Retailes in Delhi NCR fix non-hallmarked buying price at Rs 36,000 per 10 grams
 "Gold up 1.7% in Mumbai as north India opens up its jewellery stores")
Indian economy to contract 5-7% in FY21: Bernstein, Goldman Sachs
Analysts say the Rs 20-trn stimulus package by govt a lost opportunity
 "Indian economy to contract 5-7% in FY21: Bernstein, Goldman Sachs")
Govt accounts for nearly 94% of Rs 1,819 cr dues payable to MSMEs: CII poll
A study of 450 MSME members revealed that govt departments including state depts owe them Rs 1,709 Cr, while private sector also owes about RS 110 crore
 "Govt accounts for nearly 94% of Rs 1,819 cr dues payable to MSMEs: CII poll")
Lockdown impact: Railways likely to freeze hiring, cut allowances
Rlys' traffic dropped 32% to 99.86 mt between April 1 and May 14, compared to the same period last year
 "Lockdown impact: Railways likely to freeze hiring, cut allowances")
Nifty Bank tanks 7% on loan recovery fears, stimulus disappointment
Credit to MSMEs, suspension of IBC proceedings weigh on sentiment
 "Nifty Bank tanks 7% on loan recovery fears, stimulus disappointment")
RIL says core business has got 'demand-side shock' due to coronavirus
The company listed the pandemic as internal risks in its letter of offer for its upcoming rights issue.
 "RIL says core business has got 'demand-side shock' due to coronavirus")
All for liquidity: Watch every rupee, chase dues, and refinance debt
Refinancing high-cost debt into low-cost debt is possible, thanks to the RBI's TLTROs
 "All for liquidity: Watch every rupee, chase dues, and refinance debt")
Oppo shuts Noida factory operations after 9 workers show signs of Covid-19
Firm resumed ops at its Greater Noida plant with 3,000 workers on May 8
 "Oppo shuts Noida factory operations after 9 workers show signs of Covid-19")
Acid in the funny bone
I thought of all the books I had thought were funny and I think I have a clear idea now: Humour in print has to be cruel to be funny
The stimulus that wasn't
The bulk of Ms Sitharaman's proposals addressed supply problems, with only occasional and cursory references to demand, mostly as an afterthought
A critical phase
While business opens, states must be ready for a spike in Covid cases
 "A critical phase")