Page 267 - Latest Updates on Lockdown
Lockdown easing: Surat textile units in fix as Guj govt runs contra to MHA
Industet, which produces 45% of man-made fibre in the country, seeks clarity from state govt, wants some relaxation in order to stay afloat
 "Lockdown easing: Surat textile units in fix as Guj govt runs contra to MHA")
Claiming advance EPF is easy, but withdraw it only if you are in dire need
There is no income-tax on the advance, but withdraw only in dire need
 "Claiming advance EPF is easy, but withdraw it only if you are in dire need")
Higher dependence on hair oil segment puts Marico on slippery slope
Saffola volume surges by a fourth, but 8-11% volume fall in hair oil pulls down top line by 7%
 "Higher dependence on hair oil segment puts Marico on slippery slope")
ICICI Lombard Q4 results: There's no insurance cover against slowdown
Premium income (excluding crop biz) lagged industry growth in Q4
 "ICICI Lombard Q4 results: There's no insurance cover against slowdown")
Lockdown 3.0, global tension rattle markets; Sensex, Nifty crash nearly 6%
The Sensex closed at 31,715, down 2,002 points, or 5.94 per cent - its biggest single-day loss since March 16.
 "Lockdown 3.0, global tension rattle markets; Sensex, Nifty crash nearly 6%")
Covid-19 Factoid: Punjab's confirmed cases have tripled in just four days
Among the 10 most affected countries, Brazil and Russia are taking the shortest span of time to double their number of cases (10 days), while Italy is taking the longest (34 days)
 "Covid-19 Factoid: Punjab's confirmed cases have tripled in just four days")
Shutters up: From Radico to United Breweries, liquor stocks in high spirits
Analysts say alcohol sales could be an early beneficiary of overall recovery
 "Shutters up: From Radico to United Breweries, liquor stocks in high spirits")
Delhi govt imposes 70% 'special corona fee' on liquor to boost revenue
The move will boost the government revenue, which has been hit hard due to the coronavirus-forced lockdown
 "Delhi govt imposes 70% 'special corona fee' on liquor to boost revenue")
The pandemic pivot to low-touch business
There are sectors that are looking beyond the pandemic to pivot from being a high-touch business to a low-touch one
A better world after Covid?
It is time to shrug off the ideological shackles about the way we work, play and live
 "A better world after Covid?")
Letter to BS: States should be given some flexibility to relax lockdown
The states do not have leeway or a final say in drawings boundaries of the areas that have to be opened up
 "Letter to BS: States should be given some flexibility to relax lockdown")
Letter to BS: Privacy concerns over Aarogya Setu app deserves to be noted
Will it not be wise to constitute a group of independent members from the civil society - software and legal professionals - to audit the app?
 "Letter to BS: Privacy concerns over Aarogya Setu app deserves to be noted")
Centre owes Rs 3 trillion to states and industry amid Covid-19 outbreak
Assocham President Niranjan Hiranandani said his talks with government officials showed dues to industry and states were pending in the form of refunds of I-T, VAT, and GST, and compensation
 "Centre owes Rs 3 trillion to states and industry amid Covid-19 outbreak")
Govt may soon allow firms to delay EPF contributions or pay in installments
EPFO CEO tells companies they are legally obliged to make provident fund contribution on basic pay of up to Rs 15,000
 "Govt may soon allow firms to delay EPF contributions or pay in installments")
Letter to BS: Enact laws offering social security to migrant workers
The states where they migrate to earn their livelihood treat them as uninvited guests
 "Letter to BS: Enact laws offering social security to migrant workers")
With liquor shops open, UP expects to recoup part of average excise mop-up
The UP government expects to recoup at least part of its average excise mop-up of nearly Rs 100 crore daily till the time the restrictions are removed
 "With liquor shops open, UP expects to recoup part of average excise mop-up")
India has a jobs bloodbath as unemployment rate shoots up to 27.1%
When jobs evaporate in other sectors, people go back to farms which seem to have an infinite capacity to absorb labour; but that is mostly disguised unemployment
Covid-19 crisis: RBI may extend moratorium on bank loans by 90 more days
Suggestions from various quarters, including from Indian Banks' Association, have come for the further extension of moratorium and the RBI is actively considering them, according to sources.
 "Covid-19 crisis: RBI may extend moratorium on bank loans by 90 more days")
Struggling before lockdown, copper manufacturers stare at meltdown
The anticipated economic slump is likely to weaken their prospects
 "Struggling before lockdown, copper manufacturers stare at meltdown")
Little-known brands nudge their way into the mainstream amid lockdown
Once regarded as cheap me-too products, the lockdown has changed how customers engage with private labels. Will the trend outlast the pandemic?
 "Little-known brands nudge their way into the mainstream amid lockdown")