Page 244 - Latest Updates on Lockdown
Best of BS Opinion: Rs 20-trn stimulus, govt's borrowing plan, and more
Here's a selection of Business Standard opinion pieces of the day
Govt plans tax holiday for new investments amid Covid-19 outbreak
Another variant of the programme will be to provide a four-year tax holiday to firms that invest $100 million or more in labour-intensive sectors
 "Govt plans tax holiday for new investments amid Covid-19 outbreak")
PM Modi announces Rs 20 trillion stimulus package to jump-start economy
'Self-reliant India' package is around 10% of GDP; lockdown 4.0 is on with new guidelines
 "PM Modi announces Rs 20 trillion stimulus package to jump-start economy")
India needs basic income scheme to make lockdown work, says Thomas Piketty
The French economist said that India has the potential to become the global democratic leader of the 21st century if it manages to address the issue of inequality
 "India needs basic income scheme to make lockdown work, says Thomas Piketty")
Nestle India PBT flat at Rs 704 cr for March quarter, revenue up 10.7%
The company follows a January-December accounting year. Revenue for the March quarter stood at Rs 3,325 crore, growth of 10.7 per cent from a year ago.
 "Nestle India PBT flat at Rs 704 cr for March quarter, revenue up 10.7%")
Musk reopens Tesla's California plant against order, says ready for arrest
The move comes as states and cities around the United States experiment with ways to safely reopen their economies after the coronavirus outbreak shuttered businesses
 "Musk reopens Tesla's California plant against order, says ready for arrest")
Relief & fear: Migrants recall their struggle as railway services start
Many sustained on money sent by family for the last 50 days while some walked 5 hours to reach railway stations
 "Relief & fear: Migrants recall their struggle as railway services start")
Equity markets may cheer Rs 20-trn stimulus package; SGX Nifty jumps 5%
Following the announcement of a Rs 20-trn package, the Nifty contracts traded on the SGX shot up 5%, while the American depository receipts (ADR) of Indian companies gained between 3% and 10%.
 "Equity markets may cheer Rs 20-trn stimulus package; SGX Nifty jumps 5%")
Covid-19 impact on sectors: Consumption story hits the slow lane
The Rs 20-trillion stimulus package announced by the prime minister on Tuesday evening should help improve the fortunes of India Inc and these sectors
 "Covid-19 impact on sectors: Consumption story hits the slow lane")
Haryana allows select firms to deploy 100% workforce in multiple shifts
Auto component major Sona Comstar, which earlier could deploy only half of its workers, has been allowed to bring in its entire workforce at its four plants - three in Gurugram and one in Manesar.
 "Haryana allows select firms to deploy 100% workforce in multiple shifts")
Lockdown, labour exodus dampen mango trade in Maharashtra, Gujarat
Export to European countries negligible; shipments to Gulf fall 40-50%
 "Lockdown, labour exodus dampen mango trade in Maharashtra, Gujarat")
Covid-19 crisis: Biggest wealth fund faces record $37-bn withdrawal
The unprecedented withdrawal, revealed in Norway's Revised Budget for 2020, is more than four times the previous record set in 2016
 "Covid-19 crisis: Biggest wealth fund faces record $37-bn withdrawal")
Covid-19 crisis: Life insurers look to hedge against policy surrenders
As a remedy, life insurers are looking to provide short-term credit - known as bridge loans - to policyholders.
 "Covid-19 crisis: Life insurers look to hedge against policy surrenders")
Tata Motors is worth nothing without Jaguar Land Rover, says CLSA
The $3.7 billion Indian auto firm faces a significant increase in debt due to the crisis, and its plan to deleverage may be delayed by four to six quarters, CLSA said.
 "Tata Motors is worth nothing without Jaguar Land Rover, says CLSA")
Not a good idea
A bad bank will do nothing to solve the problems
 "Not a good idea")
Jubilant Life inks non-exclusive licensing pact with Gilead for Remdesivir
The drug, which is an injectable, got emergency approval from the US drug regulator recently.
 "Jubilant Life inks non-exclusive licensing pact with Gilead for Remdesivir")
Roads plus health care
Build highways, but don't ignore medical infrastructure
 "Roads plus health care")
Rs 20-trn package need of the hour, will unleash economic growth: India Inc
Industry bodies said the Make In India flagship will emerge as a key catalyst for attracting new investment, driven by much needed bold reforms in the areas of land, labour and liquidity
 "Rs 20-trn package need of the hour, will unleash economic growth: India Inc")
Social media giants step up the hunt for fake ads to stem misinformation
Google, Facebook, Twitter get tough with imposters as they look to keep brands and users loyal to their platforms
 "Social media giants step up the hunt for fake ads to stem misinformation")
As harvest season starts, credit demand will resume: Bandhan Bank chief
In a Q&A, C S Ghosh, the lender's MD & CEO says he does not foresee major asset quality deterioration once economic activity resumes
 "As harvest season starts, credit demand will resume: Bandhan Bank chief")