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Coronavirus impact: EU forecasts ‘recession of historic proportions’ this year

The 27-nation EU economy is predicted to contract by 7.5 per cent this year, before growing by about 6 per cent in 2021.




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Government working on a package of structural reforms for sunrise sectors: Niti Aayog CEO Amitabh Kant

In an interactive online session organised by All India Management Association (AIMA) on post-COVID-19 scenario for Indian economy, he listed healthcare, education, mobility, genomics, AI, 5G network, fintech and manufacturing as high priority areas for rapid and radical structural reforms.




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Chinese adherence to trade deal report in a week or two, says Donald Trump

"I will be able to report on that at the end of next week," he told reporters at the White House, when asked if China is fulfilling its obligations as detailed out in Phase I of the trade deal signed between the two countries in January.




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Bank of England: UK economy to shrink by most since 1706

It noted that the timeliest indicators of UK demand have stabilised in recent weeks, albeit at very low levels, after unprecedented falls during late March and early April.




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Labour reforms finally coming to India: Shivraj Chouhan liberates industry, after agri privatisation

In a major announcement today, Madhya Pradesh CM Shivraj Singh Chouhan has proclaimed that new registration and license for companies, shops, etc, in MP will be done in one day, compared to 30 days.




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Helping migrant workers: From clearing pending wages to providing food, govt must step up vigilance

The economic and social fallout of COVID 19 is huge on these migrant workers. The immediate wage loss and uncertainty painted by the gloomy economic prospects further worsens their situation.




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Yogi Adityanath’s gift to UP farmers: Freed from mandi regime, can now sell fruits, veggies from home

Chief Minister Yogi Adityanath’s UP government has announced to waive off mandi fee for 46 perishable fruits and vegetables.




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India moves big labour law changes to limit coronavirus impact; UP, MP, Punjab, others make these changes

The latest move by the UP government has exempted businesses from the purview of almost all the labour laws for the next three years.




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Haryana offers reward to move away from water guzzling crops, but is it good enough for farmers?

Haryana has started to take steps towards solving the age-old water problem with the state disincentivizing sowing of water-intensive paddy crops.




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In Modi’s quest to woo foreign companies into India from China, these products may be flag bearers

In consumer goods, the textile and clothing sector; food products; and crop and animal production have the highest comparative advantage in India.




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Record excise duty hike on petrol, diesel unlikely to boost economic growth, help bridge fiscal gap, warns report

The record excise duty hike on petrol and diesel will not help the government bridge the fiscal gap as planned, nor will it help boost economic growth as consumption demand will further be crippled, warns a report. Despite crude prices trading at a two decades low, the government had earlier this week hiked excise duty […]




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Are India’s labour law reforms only a gift for factories, or will workers benefit too?

The new labour reforms will promote ease of doing business in the state. however, it is crucial that companies safeguard the interests and wellbeing of the labourers.




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Coronavirus pushes govt to increase borrowing by half; here’s how much centre will borrow this year

The government has decided to borrow Rs 12 lakh cr in the current fiscal, compared to Rs 7.8 lakh cr earlier. 




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Covid fallout: US unemployment rate jumps to 14.7 per cent as economy loses 20.5 million jobs

Total non-farm payroll employment fell by 20.5 million in April, and the unemployment rate rose to 14.7 per cent, the US Bureau of Labor Statistics reported Friday.




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Will Hong Kong manage the Tourist overload?

The Hong Kong Tourism Commission has confessed that hundred million people will be visiting the city every year by 2023 which is almost twice the current amount.In January, Gregory So Kam-leung, the Secretary for Economic and Commerce Development, produced…




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Hong Kong proposes Tax on Mainland China's visitors

Leung Chun-Ying, Hong Kong's Chief Executive, has opposed the plan to impose an entry tax for the foreigners who are entering the territories by land.Two democratic parties of Hong Kong had proposed US$ 13 tax to restrict the inflow of mainland tourists.There…




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Hong Kong, Germany sign MOU on usage of automated clearance service

Hong Kong and Federal Republic of Germany have signed a Memorandum of Understanding (MOU) concerned with the automated clearance service usage on a shared basis. The MOU is considered as a new milestone in the collaboration between the countries in immigration…




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Hong Kong executes automated clearance services mutually with Germany

Hong Kong and Germany will execute the service of automated clearance mutually.Effective 01 September 2014, people with HKSAR (Hong Kong Special Administrative Region) electronic passport will be authorized to get register for the automated service of…




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Hong Kong to roll out pilot scheme for luring talent

The Hong Kong immigration department rolls out a new talent admission pilot proposal for second-generation Hongkongers on 04 May 2015, along with the improved versions of numerous programs that are presently in place to attract overseas nationals.Individuals…




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Hong Kong Agreement to double 2015 Quotas with the French Government

Under the scheme from 200 to 400, the Hong Kong Special Administrative Region (HKSAR) government has agreed with the French government to increase the 2015 quota with the view by Working Holiday Scheme (WHS) of enthusiastic response to Hong Kong or France. The…




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Hong Kong Drops plan to scrap visa free entry to Indians

After the representation for businesses and tourism from Indian officials as a move could be seriously jeopardized, the governments of Hong Kong drops plan to scrap visa free entry for Indians. Scrapping programme for Indians was considering the former…




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Hong Kong is witnessing increase in number of tourists

Number of tourists visiting Hong Kong has been increased with around 2,54,000 visitors in the country with an increase of 9%.According to the Immigration Department, the current golden week holiday has witnessed strong development in the number of tourists…




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Audit of Central Bank to include all its transactions: Nehme

The audit of Lebanon's central bank accounts announced last month will include every transaction at the bank, Economy Minister Raoul Nehme said in an interview published on Sunday.




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Govt to deploy central teams for 10 states that have witnessed or are witnessing high COVID-19 cases

The teams are being sent to Gujarat, Tamil Nadu, Uttar Pradesh, Delhi, Rajasthan, Madhya Pradesh, Punjab, West Bengal, Andhra Pradesh and Telangana.




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HSBC MF marks down exposure in DHFL to 100%

HSBC Global Asset Management has marked down its exposure from 75% to 100% in its two debt schemes holding the non-convertible debentures (NCDs) of Dewan Housing Finance Corporation (DHFL).




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The face time look: How to make your videoconferencing call flawless

Shabby background, sloppy attire, children barging in, pets screeching... There are many things that can go wrong in your videoconferencing call. So how do you retain some semblance of order without making any faux pas?




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After lockdown 3.0, more or end? Another lockdown will lead to a complete collapse of economy that is already tottering

The colour-zoning of India (red, orange and green) and the limited relaxations with several caveats have not helped re-start economic activity.




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Book Review: Al Arabian Novel Factory – A gripping tale which symbolises brutal societies and ruthless regimes

Al Arabian Novel Factory is the sequel to Jasmine Days, the story of young radio jockey Sameera Parvin, an immigrant in the city from Pakistan, and her guitar-playing colleague Ali Fardan.




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Open up with apps: From sexual health, addictions to depression, help is just a click away

Apps today are opening up channels of communication on several ‘uncomfortable’ topics. From sexual health and addictions to depression and mood tracking, help is just a click away.




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From Jethalal in Taarak Mehta Ka Ooltah Chashmah to Arthur in Joker, Flawed & fabulous characters connect with people

They may not be pretty, smart or successful, but they strike a note. Why is it that some of the most lovable characters in popular culture have been far from perfect, flawed even?




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Book Review: Stop Reading the News – A Manifesto for a Happier, Calmer and Wiser Life

A cautionary note on the heavy deluge of unnecessary knowledge that surrounds us.




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Tamil Nadu forms panel under ex-RBI Guv Rangarajan to advise measures to bring economy back on track

The committee will include industry veterans like Venu Srinivasan, chairman, TVS motor company, N Srinivasan, vice-chairman & MD, India cements and A Vellayan, former chairman of Murugappa group.




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Migrant row: TMC dares Amit Shah to prove allegations, BJP says WB govt bothered about one community

The state BJP unit claimed the West Bengal government is only interested in bringing back people from a "particular community".




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Tesla CEO Elon Musk threatens to exit California over virus restrictions

On Twitter, Musk also threatened to sue over Alameda County Health Department coronavirus restrictions that have stopped Tesla from restarting production its factory in Fremont south of San Francisco.




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Delhi government asks DMs to release 2,446 Tablighi Jamaat members

The district magistrates will explore the possibility of sending those Tablighi members, who belong to other states, in buses to their designated places in accordance with social distancing norms and other protocols, DDMA Special CEO K S Meena said in a letter to deputy commissioners (administration).




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Happy Mothers Day 2020: Is your mother eating right? Time to prioritize mother’s nutrition and health

Remember how your mother would present you with a grand illusion of a yummy mouthwatering dish only to have you find out later that it was filled with healthy ingredients you wouldn’t eat otherwise?




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Medical Diplomacy: India extends a helping hand to African nations

In April, Prime Minister Narendra Modi in a telephonic conversation with South African President Cyril Ramaphosa had conveyed India’s "full support" to the African continent to deal with fighting the spread of COVID-19.




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COVID-19 death toll rises to 3 in Odisha; 58 new cases

At least 41 of them are those who returned from Surat in Gujarat recently, he said. Last month, Odisha had reported two COVID-19 deaths - both in state capital Bhubaneswar.




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Happy Mother’s Day 2020: Mothers are precious and need to be cherished for ‘Supohit Bharat’

Mothers play a critical role in ensuring the health, nutrition, and overall well being of the entire family.




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Coronavirus Pandemic: How to keep up mental well-being in the times of Covid19

Maintaining social distancing and self-hygiene are the only options we have in the present fettle in trying to curb the COVID-19 menace which indeed is proving prolific.




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Indian, Chinese troops clash near Naku La in Sikkim sector

The troops disengaged after dialogue at the local level, they said.




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Mother’s Day 2020: Smart money moves to make to secure your mother’s financial future

This Mother’s Day, you can do certain things for your mother to make this day special for her from financial perspective.




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NDMA issues guidelines for restarting industrial activities to avoid Vizag-type tragedy

In a communication to all states and union territories, the NDMA said due to several weeks of lockdown and the closure of industrial units, it is possible that some of the operators might not have followed the established standard operating procedures.




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Reliance, Bharti Airtel close trading week with gains; Eight of top-10 firms lose Rs 2.50 lakh crore in m-cap

Tata Consultancy Services (TCS) took the sharpest knock, with its valuation plunging Rs 45,535.19 crore to Rs 7,10,514.04 crore. 




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Social distancing while making films and in movies? Insiders wonder how to make it work

Bollywood, after all, has always been about people, whether on screen or off it, in front of the camera or behind it, say industry insiders as they grapple with the uncertainties of life and work after lockdown and contemplate the dimensions of a radical makeover.




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FM Nirmala Sitharaman to meet PSU bank chiefs on Monday; to review credit flow

The meeting, to be held via video-conferencing, will also take stock of interest rate transmission to borrowers by banks and progress on moratorium on loan repayments, sources said.




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Liquor sale during lockdown: Liquor stockpile worth Rs 3,000 crore with restaurants, hotels! Urge state administration to permit sale

Last week, the Supreme Court also advised the state governments to consider the online sale or non-direct contact and home delivery of the same.




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India-Afghanistan relations: Need to open-up to Taliban

India’s Ministry of External Affairs in a cryptic statement after the meeting between two sides reiterated that the US recognised “India's constructive contribution to economic development, reconstruction and humanitarian assistance to Afghanistan”.




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Delhi University hostel eviction: Modi govt intervenes, says Northeast students need not to vacate

Delhi University news: The North Eastern Students House for Women has a capacity of around 100. However, 13 students are currently staying because they are unable to leave due to lockdown.




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UP Assembly will be able to accommodate only 200 of 403 MLAs with social distancing: Speaker

"At present, the House is not in session. The Monsoon Session of the UP Legislative Assembly should be held some time in August and I am optimistic that by then the situation would have changed," the speaker told PTI in an interview.