Page 1912 - Coronavirus

PM CARES allocates Rs 3,100 crore for migrants, buying ventilators

Out of the Rs 3,100 crore, nearly Rs 2,000 crore will be earmarked for the purchase of "Made in India" ventilators and Rs 1,000 crore for care of migrant labourers, it said.

Covid-19 crisis: Jerome Powell warns of lasting harm; US stocks slump

The Dow Jones Industrial Average was down 496.84 points, or 2.09 per cent, at 23,267.94, the S&P 500 was down 52.72 points, or 1.84 per cent, at 2,817.40 (at 9:37 pm IST).

Premium diners hit the brakes hard; look to reinvent for survival

There will be ongoing speed bumps and resets and at least six months before 80 per cent stability returns to dining

Labour law changes in India should adhere to global standards, says ILO

'Such amendments should emanate from tripartite consultation involving the government, workers and employers'

Govt likely to purchase gold from households without seeking the source

To use it as collateral, along with forex reserves, to print currency

FM Sitharaman announces big-bang package for MSMEs to revive economy

Rs 6-trn stimulus includes Rs 3 trn of collateral-free loans; Rs 30,000-crore special liquidity scheme for NBFCs, HFCs, MFIs

Fake websites to emails, fraudsters see opportunities in Covid-19 crisis

Fraudsters see opportunities in these uncertain times

Bigger reforms coming, we'll see a V-shaped recovery: CEA Subramanian

Addressing a virtual conference organized by All India Management Association (AIMA), the CEA said the economy will witness a V-shaped recovery

India to grow at 1.2% in CY20, global GDP to shrink by 3.2%, says UN

The World Economic Situation and Prospects as of mid-2020 released on Wednesday by the UN said that global gross domestic product is forecast to shrink by 3.2 per cent in 2020

Coronavirus impact: Nestle Q1 an outlier as consumers focus on food

Robust portfolio, cost efficiency to keep earnings momentum strong

FM's extension of completion timelines a big relief for construction firms

Many of these firms, which have been grappling with Covid-19 crisis and exodus of migrant labour, will now be able to complete contractual obligations

Rs 20-trn package: Govt reduces EPF contribution for companies for 3 months

At present, 24 per cent of a worker's basic pay is deducted - with 12 per cent each counted as employer's and employee's share - towards the EPF savings

FM Nirmala Sitharaman's TDS, TCS move will not ease tax burden: Experts

The move will help release liquidity worth Rs 50,000 crore, according to government estimates. Experts, however, feel that its impact will be limited as tax incidence remained the same.

Indices jump reined in by global risk aversion amid Covid-19 fears

The Sensex gained 638 points or 2.03% to close at 32,009, while the Nifty rose 187 points or 2.03% to close at 9,384

FM announces Rs 90,000 cr liquidity infusion in power distribution sector

PFC, REC to extend one-time loans with riders

Govt move to extend project timelines will help stressed realtors: Experts

Home buyers, on the other hand, will have to wait longer to take possession

Banks, NBFCs may see some rally after Rs 6 trn relief package by FM

Investors may pause to see the entire scheme of funding, and impact on bonds

Fiscal stimulus 2.0: No global firms in govt tenders below Rs 200 crore

For this purpose, the general financial rules (GFR) will be amended to disallow global tender enquiries.

Covid-19 package: MSME definition changed, loans worth Rs 3-trn announced

Govt announces 10,000 crore fund of funds for MSMEs to grow, cancels global tenders below Rs 200 crore

Big crises, big solutions

Most of the non-fiction I read over the past month had one thing in common, though they were otherwise very different