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Economic Survey 2020: Here's everything you need to know

Economic Survey 2020: Here's everything you need to know





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MSME loan losses will rise sharply if economy takes time to revive: Amitabh Chaudhry

MSME loan losses will rise sharply if economy takes time to revive: Amitabh Chaudhry





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Consumer durables, two-wheelers to recover fairly quickly from Covid impact: Sanjeev Prasad

Consumer durables, two-wheelers to recover fairly quickly from Covid impact: Sanjeev Prasad





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Global investors now more confident about India than China: Pacific Paradigm Advisors

Global investors now more confident about India than China: Pacific Paradigm Advisors





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Lockdown was easy, opening up to require a lot of confidence: Rashesh Shah

Lockdown was easy, opening up to require a lot of confidence: Rashesh Shah





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Economic Times




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China continues to hide, obfuscate COVID-19 data from world: Mike Pompeo

"I have seen a significant amount of evidence that suggests that the lab was underperforming, that there were security risks at the lab and that the virus could well have emanated from there," US Secretary of State Mike Pompeo told Ben Shapiro in an interview on Friday.




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Coronavirus pandemic: Kanpur metro construction resumes amid lockdown 3.0

Coronavirus pandemic: Kanpur metro construction resumes amid lockdown 3.0





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Road link to Line of Actual Control achieved, faster route for Kailash-Mansarovar pilgrims and security forces

Defence Minister Rajnath Singh on Friday inaugurated the road link from Dharchula, a town in Uttarakhand's Pithoragarh district, to the Lipulekh pass, which is located at an altitude of 17,060 feet at the border between India and China.




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Defence Ministry signs contract with Tata Power SED for infra modernisation at 37 airfields

This is the phase two of the Modernisation of Airfield Infrastructure (MAFI) programme, the ministry said, adding that airfields of the Indian Air Force were upgraded in the first phase.




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Shah expresses concern over rising coronavirus cases in Central Armed Police Forces

Union Home Minister Amit Shah chaired a meeting of the DGs of all Central Armed Police Forces (CAPFs) where he appreciated the commendable work done by these forces and expressed concern over increasing COVID-19 cases, a home ministry spokesperson said.




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India Inc’s traditional CSR may end up in containment

With donations to the PM-Cares Fund and Covid-19-related relief work eligible to be considered CSR expenditure, most companies are likely to nearly exhaust their current CSR budgets after donating to this fund or related relief work.




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Maruti Suzuki and Hyundai Motor consider 2nd shift, even as vendors struggle to get back

Component makers are also working overtime to restart factories, but delays in getting approvals are causing hindrance in some states, especially in Maharashtra and Tamil Nadu that have the biggest automotive manufacturing hubs, industry insiders said. This, they said, could weigh on the plans of the automakers.




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IIT professor develops software to detect COVID-19 within 5 seconds using X-ray scan

Kamal Jain, a professor at the institute's civil engineering department, claims that the software will not only reduce testing costs but will also reduce the risk of exposure to healthcare professionals. ​So far, there is no verification of his claim by a medical institution.




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India may see second wave of COVID-19 outbreak in monsoon, say scientists

The timing of the peak will depend on how India is able to control physical distancing and on the level of infection spreads after restrictions are relaxed, they said.




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With a phased opening, India tries to avoid a grave economic toll: Bibek Debroy

Mortality and morbidity apply to enterprises, too; MSMEs more pronounced than most. Baseline GDP growth was already in slowdown mode and a capital crunch was compounded by lockdown’s labour constraint.




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Economy likely to show negative growth in current year: Montek Singh Ahluwalia

The rationale behind the lockdown was not that it would prevent infections but that it would allow us to build the health infrastructure to be able to cope with larger numbers infected, opined Montek Singh Ahluwalia




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Request for registering retailers, construction professionals as MSMEs to be examined: Nitin Gadkari

Nitin Gadkari, the minister for MSME and road transport and highways, also called upon the retailers to start exploring option of home delivery.




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Tata Motors gets nod from board constituted committee to raise Rs 1,000 crore via NCDs

These will be issued in three tranches of Rs 500 crore, Rs 300 crore and Rs 200 crores with redemptions due on September 30, 2022, November 28, 2022 and December 29, 2022 respectively, it added.




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Wall Street Week Ahead: US data deluge to underscore divide between roaring market, plunging economy

Though bleak, that number was smaller than analysts’ expectations of 22 million jobs lost.




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Manohar may continue as ICC chairman for 2 extra months, Graves favourite to take over

In all likelihood, England and Wales Cricket Board (ECB) chairman Colin Graves will replace the former BCCI president, who, it is learnt, has decided against seeking an extension for a third two-year-term.




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Physical education teachers shouldn’t be seen as second class citizens: Margaret Whitehead

During the webinar, titled ‘Physical Literacy: For Nation’s Development’, the panelists discussed a lot of topics related to physical literacy, including its meaning, the challenges it faces, its need of promotion, the lax attitude towards it and its importance in everybody’s life. The panel also discussed the lax attitude towards physical education in India.




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Economic Times




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Oil set for a second weekly gain on demand hopes, output shut-ins

US West Texas Intermediate (WTI) crude gained 59 cents, or 2.5 per cent, to $24.14 a barrel.




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Economic Times




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Economic Times




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Economic Times




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Varanasi's ghats, Hampi's attractions & Goa's iconic churches: Destinations which are every photographer's paradise

India’s diverse culture is truly a photographer’s delight.




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Comic commerce: What fuels the mini economy of vintage Indian comic books

Comic book buffs have created a mini-economy where collectors are willing to pony up big sums for rare editions.




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Amazon says focus on original content to light up FireStick sales

Amazon Fire TV Stick is a content streaming device that plugs into an HDTV and lets customers access Prime Video and other OTT services such as Netflix and Hotstar.




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There is a big misconception that single women aren’t contented: Journalist Kalpana Sharma

In a telephonic interview Mumbai-based Sharma talks about her own experiences as a single woman and what has changed for single women over the years and what hasn’t.




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Desi dreams: The rise of Indian internet content creators abroad

Children of Indian immigrants are going against the tide and becoming internet content creators, even if it means giving up stable and well-paying jobs.




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Why do chefs in India continue to serve imitations

Why do chefs in India continue to serve so much pastiche on the plate while pretending it is original work? One reason is that audiences lap it up.




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Investors lapping up consumer, insurance, pharma & telecom stocks due to earnings certainty: ASK Investment

‘Investors focusing on predictability, sustainability and better quality businesses’




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Expect RIL to conduct stake sale of up to 20%: Edelweiss Securities

‘The debt will come down even further if fibre InvIT and Aramco sale happens’




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Pharma & tech cos will continue to perform well going forward: TCG AMC

‘As economic activity resumes, expect a further revival in the market in the coming months’




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A falling yen may not be the economic cure Japan seeks

The yen, which investors typically snap up as a safe haven in times of financial market stress, fell nearly 10% against the dollar this month, as pandemic fears spurred a stampede into the refuge of the world's most powerful currency.




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Investments in construction projects may drop by 30 pc in FY20 if lockdown extends till June

According to the consulting firm KPMG, in comparison to the economic crisis of 2008, the government now has limited options to undertake corrective interventions owing to the financial stress which was already prevalent in the pre-COVID-19 period.




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Economic Times




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Karnataka government conditionally permits garment units to operate in red zones

The government had recently allowed certain industrial activities other than in the containment zones to operate, while relaxing the COVID-19 induced lockdown in the state.




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Road contractors may get more time for project execution: Ministry

The highway ministry is examining the issue faced by the contractors and could unveil steps for their resolution soon, two senior officials told ET. Toll road operators will also be compensated for loss of business on account of fall in traffic and toll exemption, they said.




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Trai set to restart open house discussions via video-conferencing

This will be the first Open House Discussion (OHD) to be conducted by the regulator during the lockdown and also first such discussion to happen through video-conferencing mode.




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TAIPA says industry needs clarity on resuming construction, installation of new telecom towers

Tower and Infrastructure Providers Association (TAIPA) Director-General T R Dua said that during the lockdown period so far, telecom tower-related work was primarily focused on operation and maintenance activities and carrying out essential repairs and upgrades.




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Airtel app users to get free access to ZEE5 content now for limited period

Airtel Thanks app customers will not have to pay any subscription to avail the access to ZEE5's content, according to the announcement.




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Staff visiting customers to maintain highest level of hygiene, ensure 'contactless' experience: Airtel CEO

Airtel CEO Gopal Vittal, in a note to customers, said that the next phase of the journey has begun as the world slowly starts to open up.




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Construction work restarts at over 100 projects in NCR

Construction groups have received permission to restart work in the National Capital Region, after getting permission from local authorities and fulfilling government mandated conditions.​​ The companies have imposed a ban on gutka, pan masala, pan and any form of tobacco at their sites to maintain hygiene.




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CIL turns down power producers' request to extend timelines of coal auction for supply contracts

The third auction "is being undertaken by PFCCL (PFC Consulting) as per the IMC (Inter-Ministerial Committee) decision. The CIL's role is limited to making available the source-wise availability of coal which it has already provided to PFCCL. Therefore, other issues need to be taken up with PFCCL, being the agency responsible for conducting the auction," CIL told APP.




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CIL board to take up PF contribution plan

Coal India board will soon consider a proposal to voluntarily contribute Rs 10 to the Coal Mines Pension Fund for each tonne of coal sold. This will add at least Rs 600 crore to the Rs 13,000 crore fund, which is estimated to run out of money in eight years.




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Leader of Armed Home Invasion Robbery Crew Convicted of RICO Conspiracy and Other Violent Crimes

A federal jury in Detroit, Michigan, found a Colombian man guilty of all charges in a nine-count indictment charging him with Racketeer Influenced and Corrupt Organizations Act (RICO) conspiracy and other violent crimes, announced Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division and Special Agent in Charge Steven M. D’Antuono of the FBI’s Detroit Field Office.




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Assistant Attorney General Brian A. Benczkowski Delivers Remarks at the Project Python Press Conference

Today, we are announcing the results of Project Python, a multilateral interagency operation targeting the Jalisco New Generation Cartel, also known as CJNG.