Work offered to 2.33 crore workers: Nirmala Sitharaman
NEW DELHI: Union Finance Minister Nirmala Sitharaman said, here on Thursday, work had been offered to 2.33 crore wagers in 1.87 lakh panchayats under the Mahatma Gandhi National Rural Employment Guarantee Act. Addressing a press conference, Sitharaman said, “Work under the MGNREGA has been provided to 2.33 crore wagers in 1.87 lakh panchayats to benefit […]
India announces Rs 5,000 crore Special Credit facility for street vendors
NEW DELHI: Sensing adverse impact on the livelihood of street vendors due to COVID-19 pandemic, the Centre on Thursday announced Rs 5,000- crore special credit facility to benefit nearly 50 lakh such vendors. The scheme will be launched within one month, Finance Minister Nirmala Sitharaman said at a press briefing. The Minister said that Rs […]
Multiplex chain INOX ‘disappointed’ by film going directly to OTT
NEW DELHI: In an apparent reference to the decision of “Gulabo Sitabo” makers to release the film on a streaming platform, multiplex INOX on Thursday expressed its “extreme displeasure and disappointment” over the move. Starring Amitabh Bachchan and Ayushmann Khurrana, the Shoojit Sircar-directed movie will debut on Amazon Prime Video on June 12. Without naming […]
Investor wealth plunges Rs 1.99 lakh crore as markets plummet
NEW DELHI: Investor wealth eroded by Rs 1,99,619.9 crore on Thursday due to the weakness in equity market, with the BSE Sensex plummeting 886 points. The 30-share index settled 885.72 points or 2.77 per cent lower at 31,122.89 amid weak global cues and investors’ tepid response towards the stimulus package. Led by the weak sentiment, […]
Maharashtra Chief Minister Uddhav Thackeray among 9 elected unopposed to Legislative Council
NEW DELHI: Maharashtra Chief Minister Uddhav Thackeray and eight other candidates belonging to the ruling and opposition parties were declared elected unopposed to the state Legislative Council on Thursday. The biennial elections for the nine seats of the Council, which fell vacant on April 24, were scheduled to be held next Thursday. The election process […]
Subsidy for affordable housing to be extended till March 2021
NEW DELHI: Finance Minister Nirmala Sitharman on Thursday announced that the Credit Linked Subsidy Scheme (CLSS) for middle income groups to buy affordable housing units will be extended till March 31, 2021. The scheme was last extended till March 2020. Addressing the media here, Sitharaman said that the extension would benefit 2.5 lakh middle income […]
Interest subvention on working capital loans for dairy sector due to lockdown
NEW DELHI: To offset the economic impact of Covid-19 on Dairy Sector, Ministry of Fisheries, Animal Husbandry and Dairying has introduced a new scheme “Interest subvention on Working Capital Loans for Dairy sector” for Supporting Dairy Cooperatives and Farmer Producer Organizations engaged in dairy activities (SDC&FPO) for implementation during 2020-21. Due to higher milk procurement […]
Covid-19 could become endemic like HIV, may never go away says WHO
GENEVA: The coronavirus that causes COVID-19 could become endemic like HIV, the World Health Organization said on Wednesday, warning against any attempt to predict how long it would keep circulating and calling for a “massive effort” to counter it. “It is important to put this on the table: this virus may become just another endemic […]
Wahan plans to test all 11 million of its people for coronavirus
BEIJING: Authorities in Wuhan, the Chinese city where the coronavirus pandemic first broke out, are planning to test all 11 million residents in the next 10 days, Chinese media reported. No official announcement has been made, but district officials confirmed receiving marching orders from the city’s coronavirus task force, the reports said. It remained unclear […]
Restaurants, electronic, sweet shops to open in Rajasthan
NEW DELHI:Although the fourth phase of the lockdown is yet to begin from May 18, the state government in Rajasthan has extended the scope of exemption to bring the business back on track. From Thursday, restaurants, sweet shops, hardware and construction shops, AC-coolers, TVs, electronics, electronic repairs and automobiles can be opened in the state. […]
Punjab government facilitates return of over one lakh migrant workers
NEW DELHI: The Punjab government has facilitated the return of 1,10 000 migrants to their native states so far, an official said here on Wednesday. “Till now, more than 90 trains have left Punjab, taking 1,10,000 migrants to their states,” he said. The state government has spent over Rs six crore to fund the movement […]
Gujarat government forms panel for revival of economy
NEW DELHI: The Gujarat government on Wednesday formed a panel under former Union finance secretary Hasmukh Adhia to chalk out a comprehensive plan to prepare the economy to deal with the post-COVID-19 scenario. The six-member committee has been tasked with giving its “comprehensive action plan (immediate, medium term and long term) with necessary inputs” within […]
Home delivery of liquor in Maharashtra from today
NEW DELHI: The home delivery of liquor in Maharashtra will start from May 15, an order issued by the state excise department on Wednesday said. The state government had on Tuesday allowed home delivery of liquor to avoid crowding at shops amid the coronavirus-enforced lockdown. However, as the shop owners had sought some more time […]
Clear picture of April GST collections will come by June-end: Finance Secretary
NEW DELHI: Finance Secretary Ajay Bhushan Pandey on Wednesday said the clear picture regarding GST collections for April would emerge only by June 30 — the deadline by which businesses with up to Rs 5 crore turnover can file returns without any late fee and interest. The government had in March extended the deadline to […]
Here’s the full list of measures to support Indian Economy’s fight against coronavirus
NEW DELHI: India’s Prime Minister Narendra Modi yesterday announced a Special economic and comprehensive package of Rs 20 lakh crores – equivalent to 10% of India’s GDP. He gave a clarion call for आत्मनिर्भर भारत अभियान or Self-Reliant India Movement. He also outlined five pillars of Aatmanirbhar Bharat – Economy, Infrastructure, System, Vibrant Demography and […]
Kotak Mahindra Bank Q4 profit down 4 per cent to Rs 1,952 crore
NEW DELHI: Kotak Mahindra Bank on Wednesday reported 4 per cent decline in consolidated net profit at Rs 1,951.82 crore for the fourth quarter ended March 2020 due to COVID-19 related provisions. The private sector lender clocked a profit of Rs 2,038.27 crore in the same quarter of the previous financial year. Total income declined […]