US announces relaxations for H-1B visa holders, Green Card applicants
WASHINGTON: In a major relief for professionals and immigrants from countries like India, the US government has given a grace period of 60 days to H-1B visa holders and Green Card applicants, who have been served notices for submission of various documents, taking into account the massive novel coronavirus outbreak in America. The H-1B visa […]
Narendra Modi holds a meeting to discuss ways to boost agriculture sector
NEW DELHI: Prime Minister of India Narendra Modi held a meeting today to deliberate on the issues and reforms required in Agriculture sector. Special emphasis was given on reforms in agriculture marketing, management of marketable surplus, access of farmers to institutional credit and freeing agriculture sector of various restrictions with appropriate backing of statute. The […]
Coronavirus lockdown extended for another two weeks in India
NEW DELHI: After a comprehensive review, and in view of the Lockdown measures having led to significant gains in the COVID-19 situation in the country, Ministry of Home Affairs (MHA), Government of India (GoI) issued an Order under the Disaster Management Act, 2005, today, to further extend the Lockdown for a further period of 2 […]
No passenger flight services at IGI Airport till May 17
NEW DELHI: Passenger flight operations at national capital”s IGI Airport will remain shut till May 17, 2020. According to Delhi International Airport Limited (DIAL), which operates and manages the airport tweeted: “As per the govt. mandate, all domestic & international scheduled flights operations will continue to remain suspended till 2359 hours IST of 17th May […]
Business travel may revive in 6 months, but budget to decline: Survey
NEW DELHI: Around 80 per cent of corporate industry leaders expect business travel to get back to pre-COVID levels in their organisation within 6 months, according to a survey by FabHotels. A statement by FabHotels said that 58 per cent of the corporate chiefs expect budget per trip to reduce by 15 per cent or […]
”Rs 11.2 lakh crore package needed to resurrect Indian economy post-lockdown”
NEW DELHI: Government of India will need to pump prime the economy hit by COVID-19 pandemic and subsequent lockdowns by putting in place a massive Rs 11.2 lakh crore ($150 billion) worth of economic package, Acuite Rating has said in a report. The economic package working out to around 4.8 per cent of FY20 GDP, […]
India may grow in FY 20-21 at a rate of 1.55% to 1.83% if the lockdown is lifted
NEW DELHI: The COVID-19 pandemic has disrupted the Indian businesses sector. According to Crediwatch, the pandemic’s impact on different sectors and classified them into three categories. i.e. high, medium and low-impact. Automobile, Tourism & Aviation, Real Estate, Manufacturing (Capital Goods), MSME, and Metals and Mining (Steel / Iron ore) fall under the first category. Financial […]
India needs to open economy in measured way: Raghuram Rajan
NEW DELHI: India needs to be cleverer in lifting the lockdown and open up its economy in a “measured way” soon as it does not have the capacity to support people across the spectrum for too long, former RBI governor Raghuram Rajan said on Thursday. He was deliberating on the economic impact of the COVID-19 […]
Haryana Chief Minister chairs all-party meet on Covid-19 situation
NEW DELHI: Haryana Chief Minister Manohar Lal Khattar on Thursday chaired an all-party meeting on the Covid-19 situation and said senior political leaders of the state extended full support to the government’s various steps for tackling the crisis. Khattar thanked all state leaders for extending support to the Haryana government’s steps for curbing the spread […]
Rishi Kapoor dies after two-year battle with cancer, says brother Randhir
NEW DELHI: Rishi Kapoor, the romantic star of many a Bollywood film who was diagnosed with leukemia in 2018, died in a Mumbai hospital on Thursday, his brother Randhir Kapoor said. He was 67. Rishi, a third generation actor of the famous Kapoor dynasty, is survived by his wife Neetu Kapoor, actor son Ranbir and […]
India gives broad hints of extending coronavirus lockdown beyond May 3
NEW DELHI: The government of India on Wednesday gave clear indications that the ongoing nationwide lockdown will be extended beyond May 3 but with “considerable relaxations” to people and services in “many districts”. The Ministry of Home Affairs, however, said there was a need to maintain a strict lockdown till May 3 so that the […]
Real Estate Sector should form their own NBFCs for running business: Nitin Gadkari
NEW DELHI: India’s Road Transport and Highways Nitin Gadkari addressed the queries of the real estate sector and guided them through these challenging times on Wednesday morning. During the discussion the sector urged Govt. of India to address the liquidity issue, one-time rollover, stimulus package from the government to restart the business and boost the […]
Moody’s slashes India growth forecast to 0.2% for 2020-21
NEW DELHI: Moody’s Investors Service on Tuesday slashed India growth forecast for calendar year 2020 to 0.2 percent, from 2.5 percent projected in March. For 2021, Moody’s expects India’s growth to rebound to 6.2 percent. In its report titled – Global Macro Outlook 2020-21 (April 2020 update), Moody’s has lowered G-20 advanced economies as a […]
Home Ministry allows movement of stranded people with conditions
NEW DELHI: Migrant workers, tourists, students and other people stranded in different parts of the country were on Wednesday allowed to move to their respective destinations with certain conditions, giving a big relief to the distressed people. In an order, Union Home Secretary Ajay Bhalla said buses shall be used for transport of such groups […]
WTO members eliminate duties on over 84% of medical products for 2020
NEW DELHI: Member countries of the Geneva-based World Trade Organization (WTO) have eliminated customs duties on over 84 per cent of medical products for 2020 under their various regional trade agreements (RTAs), according to a report. India is a member of the WTO since 1995. There are a total of 164 members of this organisation, […]
Joe Biden wins Ohio’s mail-in primary delayed by coronavirus
COLUMBUS: Joe Biden won Ohio’s presidential primary Tuesday, clinching a contest that was less about the Democratic nomination and more about how states can conduct elections in the era of the coronavirus. The primary was the first major test of statewide elections via mail amid an outbreak. There were reports of confusion but no widespread […]