Page 242 - Latest Updates on Lockdown
Godrej Consumer's profit before tax down 48%, volume growth slips 15%
Revenue for the period fell nearly 14 per cent to Rs 2,153 crore.
 "Godrej Consumer's profit before tax down 48%, volume growth slips 15%")
Restarting the economy
The first tranche of the stimulus package focuses on liquidity
 "Restarting the economy")
The art of winning trade deals post the pandemic
India can gain global trade share after the pandemic, but only if it acts quickly
Brands, sponsors play the game of uncertainty as Covid-19 halts all sports
Can teams, athletes and broadcasters come together to keep the show going as the pandemic grinds all sports to an indefinite halt?
 "Brands, sponsors play the game of uncertainty as Covid-19 halts all sports")
Letter to BS: It may be prudent to wait before setting up the bad bank
At this stage we don't really know the real extent of stressed assets created by this scourge
 "Letter to BS: It may be prudent to wait before setting up the bad bank")
Lot will depend on how India exits from lockdown, says Kaushik Basu
The basic issues at present are the concerns about the food chain, jobs and migrant workers, which have to be resolved immediately, Basu said
 "Lot will depend on how India exits from lockdown, says Kaushik Basu")
Letter to BS: What was the need to freeze DA hike of staff, pensioners?
PM Modi seems to have sprung the biggest surprise by announcing a Rs 20-trillion stimulus package
 "Letter to BS: What was the need to freeze DA hike of staff, pensioners?")
Punjab set to allow home delivery of liquor, likely to impose Covid-19 cess
Excise from sale of liquor is one of the principal sources of revenue for the state government
 "Punjab set to allow home delivery of liquor, likely to impose Covid-19 cess")
India's window of opportunity for attracting companies is closing
The window of opportunity for attracting companies looking to divert investments from the Asian manufacturing giant is closing
 "India's window of opportunity for attracting companies is closing")
Going vocal about local
The Aarogya Setu app is undoubtedly the biggest local produce during the corona crisis, but it may not be celebration time yet
Sovereign Indian bonds reverse losses on talk of help from RBI
Yields on 10-year bonds slid as much as eight basis points to to 6.08 per cent after surging by as much as 12 basis points earlier.
 "Sovereign Indian bonds reverse losses on talk of help from RBI")
Maharashtra to fast track industrial approvals to 24 hrs from 6 months
Many companies are backing out from China (after coronavirus outbreak) and we are closely watching the developments, industries minister said
 "Maharashtra to fast track industrial approvals to 24 hrs from 6 months")
UN lowers India growth rate projection to 1.2% in 2020, to recover in 2021
India's economic growth is forecast to slow to 1.2 per cent in 2020, a further deterioration from the already slowed growth of 4.1 per cent in 2019
 "UN lowers India growth rate projection to 1.2% in 2020, to recover in 2021")
Railways to introduce waiting lists for special trains from May 22
The railways has capped the waiting list on these trains -- up to 100 for AC 3 tier, 50 for AC 2 tier, 200 for Sleeper Class, 100 for chair cars, and 20 each for First AC and Executive Class
 "Railways to introduce waiting lists for special trains from May 22")
Covid-19 impact: Firms try to save jobs and their future through pay cuts
Several slash pays by up to 40% for May
 "Covid-19 impact: Firms try to save jobs and their future through pay cuts")
India Inc cheers stimulus package, says will provide relief to businesses
Industry bodies said the measures will infuse liquidity in the market and inject a fresh lease of life in distressed micro, small and medium enterprises
Antibiotic sales drive domestic pharma mkt down 11.2% in lockdown-hit April
Sale of anti-infectives (11% of domestic pharma market) fell by 21.5%, while gynaecological and dermatological drugs fell by about 23%
 "Antibiotic sales drive domestic pharma mkt down 11.2% in lockdown-hit April")
Punjab govt to allow home delivery of liquor, impose Covid cess on sale
CM Amarinder Singh sets up three-member panel of senior officers to assess losses from closure of liquor vends because of lockdown
 "Punjab govt to allow home delivery of liquor, impose Covid cess on sale")
Don't wear coats, gowns till Covid-19 outbreak ends: CJI to Judges, lawyers
The statement to this effect by the CJI came, while he was holding the hearing through video conferencing, in a case in which arguments were being made by senior advocate Kapil Sibal.
 "Don't wear coats, gowns till Covid-19 outbreak ends: CJI to Judges, lawyers")
Covid-19 package has nothing for poor, hungry migrant workers: Chidambaram
"Except for the modest MSME package, we are disappointed with today's announcements," he said.
 "Covid-19 package has nothing for poor, hungry migrant workers: Chidambaram")