Page 263 - Latest Updates on Lockdown
Vashi APMC traders see supplies to Mumbai impacted over movement curbs
Bar on inter-city movement. Those coming from Mumbai to Navi Mumbai will have to find a place to stay in Navi Mumbai itself
 "Vashi APMC traders see supplies to Mumbai impacted over movement curbs")
Centre raises excise duty on petrol by Rs 10 per litre, diesel by Rs 13
No change in retail prices as oil marketing firms to absorb increase
 "Centre raises excise duty on petrol by Rs 10 per litre, diesel by Rs 13")
Covid-19: Lockdown exit plans highlight divergence in emerging markets
China, S Korea stocks outperform as restrictions are rolled back
 "Covid-19: Lockdown exit plans highlight divergence in emerging markets")
Covid-19 crisis: States tap liquor, fuel to fill coffers as revenues fall
The Delhi government has already imposed a Covid cess of 70 per cent on liquor and hiked petrol and diesel prices as the state got just Rs 300 crore in April
 "Covid-19 crisis: States tap liquor, fuel to fill coffers as revenues fall")
Hero MotoCorp to benefit from higher rural share; downtrading to help
Market leader's share in the economy segment improved by 600 basis points in FY20
 "Hero MotoCorp to benefit from higher rural share; downtrading to help")
Telangana extends lockdown till May 29, allows liquor with 15% price hike
The chief minister said he would hold a review meeting on the status of coronavirus infections on May 15
 "Telangana extends lockdown till May 29, allows liquor with 15% price hike")
Slowdown blues: Incremental credit flow drops 64% to Rs 6.04 trn in FY20
Economic slowdown hits activity, adding fuel to the fire
 "Slowdown blues: Incremental credit flow drops 64% to Rs 6.04 trn in FY20")
Revenue bites: IT firms go aggressive on cost-cutting amid Covid-19 crisis
Travel expenses trimmed and salary hikes put on hold as industry fights slowdown and demand uncertainty
 "Revenue bites: IT firms go aggressive on cost-cutting amid Covid-19 crisis")
Long queues outside liquor shops pose a new challenge for Delhi Police
Some senior officers say that the government should review its decision to open liquor shops
 "Long queues outside liquor shops pose a new challenge for Delhi Police")
Tata Sons to commercialise indigenously developed testing kit 'Feluda'
Paper Strip test can be useful tool for mass scale testing for ease of use and affordability
 "Tata Sons to commercialise indigenously developed testing kit 'Feluda'")
Excise duty on petrol raised by record Rs 10 a litre, diesel by Rs 13
The hike in duty has taken away gains from falling global crude oil prices
 "Excise duty on petrol raised by record Rs 10 a litre, diesel by Rs 13")
24 people in Army's RR hospital in Delhi test positive for Covid-19
Separately, the Indian Navy quarantined around 150 officers and sailors at the INS Netaji Subhash, an administrative and logistics base in Kolkata
 "24 people in Army's RR hospital in Delhi test positive for Covid-19")
Who should bear the losses?
It may be better for governments to bear the losses upfront than after the damage is done
 "Who should bear the losses?")
Govt suspends all visas given to foreigners, bans travel by OCI holders
In a separate order, the Union Home Ministry also said it has extended on 'gratis' basis the visas of foreigners,who are stranded in India due the lockdown.
 "Govt suspends all visas given to foreigners, bans travel by OCI holders")
Behind the curve
Absolute number of Covid-19 cases continues to grow rapidly
 "Behind the curve")
In dire straits
Financing needs of states must be addressed urgently
 "In dire straits")
Mumbai to be dry again after state withdraws permission to open wine shops
On Sunday the state government had relaxed the rules to allow for opening for wine stores and shops selling non-essential items in Mumbai.
 "Mumbai to be dry again after state withdraws permission to open wine shops")
Letter to BS: Pharma industry, pharmacists also deserve appreciation
India has the potential to develop an antidote to Covid-19
 "Letter to BS: Pharma industry, pharmacists also deserve appreciation")
Letter to BS: Extended lockdown has exposed the plight of migrant workers
This 140 mn strong migrant labour is vital to our economy, yet their status remains undefined
 "Letter to BS: Extended lockdown has exposed the plight of migrant workers")
Airports likely to see $97 bn revenue loss in 2020 amid pandemic, says ACI
The decline in total airport revenues on a global scale is estimated to be $39.2 billion
 "Airports likely to see $97 bn revenue loss in 2020 amid pandemic, says ACI")