Tracking India's Economic vitals, as Modi Government completes two years

Tracking the Modi government's signature initiatives and status report

India Inc: Looking forward to a stimulus

NMDC will contribute Rs 10 crore for the five-year joint incubation programme and intends to support at least 15 start-ups

The new Jaguar XE sports saloon will be assembled in India as part of the company's move to increase localisation

Vehicle to come in 2 trims - Jaguar XE Petrol Pure at Rs 39.9 lakh and Petrol Portfolio at Rs 46.5 lakh

"The country would be truly benefitted, if and only if the meaningful work is done," the SP chief said

Transportation is much more than passengers commuting or freight moving from one place to another

Demonstrators protesting the Dakota Access Pipeline were injured on Sunday after increased tensions. Police fired rubber bullets and tear gas after a group of protesters moved into restricted areas. Authorities also doused protesters with water from fire hoses despite frigid temperatures. Photo: James MacPherson/AP Photo

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The Indian Consulate General in Dubai has issued an advisory on partially resuming the passport services for Indian applicants through BLS Sharjah Centre from April 15 onwards.The advisory from the consulate general says that the applications for renewal of passports that have expired or would expire on or before April 30, 2020 will be processed initially.The Consulate General in Dubai also listed the ways people can apply for the renewal of passports.Those people who want to apply for renewal can send an email to the consulate at the email address- passport.dubai@mea.gov.in with an explanation of the emergency for the renewal.The Consulate would then give an appointment at the BLS International Exclusive Centre for Indian Passport and Visa Services at Sharjah.As per the advisory, the applicant will have to prepare the application online and attach all required documents before visiting the centre at the appointed time.The passport services were suspended in the wake of the COVID-19 ..

The major averages finished the session on opposite sides of the unchanged line, as traders weighed optimism about some states reopening against some dismal employment data. The ADP jobs report showed that US companies lost 20.2 million jobs in April. The government's April jobs report is due Friday.

General fiscal deficit in FY19 expected to be 5.8 per cent of GDP, compared with 6.4 per cent the previous year

Policy to boost logistics, ports and e-toll collection on anvil

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The Government of India and the Asian Development Bank (ADB) signed a $1.5 billion loan that will support the government's response to the novel coronavirus disease (COVID-19) pandemic, focusing on immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable sections of the society, especially women and disadvantaged groups. Earlier, the ADB's Board of Directors approved the loan to provide budget support to the government to counter and mitigate the adverse health and socio-economic impact of the pandemic.

Union Minister for MSME and Road Transport and Highways, Nitin Gadkari informed that a policy on imports substitution is being thought of in the wake of the new economic situation created by COVID-19 pandemic. He called upon various stake-holders to convert knowledge into wealth by improving quality through innovations and cutting down cost. He sited the example of a Nagpur based MSME Orange cluster taking up PPE making from scratch. These PPEs cost between Rs 550 to Rs 650 against the market price of about Rs 1200 for which country was heavily import dependent. The cluster is in a position to supply large quantity of PPEs.

The Solvent Extractors' Association (SEA), noted in a latest update that based on the available data, it has compiled provisional data for Import of Edible Oils for April 2020. The imports in April 2020 are reported at 790,377 tons compared to 941,219 in March 20 and 1,198,763 tons in April 2019, down by 34%, on YoY basis. The drop in April is mainly due to logistics issues at destinations as well as at discharge ports. The overall Import of Edible Oils during Nov-2019 to April-2020 is reported at 6,182,184 tons, compared to 7,203,830 tons during the same period of previous year, i.e. down by 14 %.

Sales rise 69.34% to Rs 35.41 crore

Sales decline 2.72% to Rs 6.09 crore

Sales decline 53.40% to Rs 276.85 crore

Sales decline 57.18% to Rs 118.66 crore

Sales rise 13.39% to Rs 1798.05 crore

Sales decline 33.91% to Rs 3580.00 crore

Sales decline 9.01% to Rs 3625.86 crore

From the next financial year, the railways will not have to pay any dividend, which will save the carrier approximately Rs 10,000 cr

Apart from duty safeguards, industry also seeks year-long moratorium on payment of interest and principle

Sales decline 2.83% to Rs 616.61 crore

On 08 May 2020

Adani Enterprises on Friday (8 May) said it has incorporated a wholly-owned subsidiary company, "Nanasa Pidgaon Road" on 8 May 2020.

The decision to shelve detailed advice from the nation's top disease control experts for reopening communities during the coronavirus pandemic came from the highest levels of the White House, according to internal government emails. The files also show that after the AP reported Thursday that the guidance document had been buried, the Trump administration ordered key parts of it to be fast-tracked for approval. The trove of emails obtained by The Associated Press show the nation's top public health experts at the Centers for Disease Control and Prevention spending weeks working on guidance to help the country deal with a public health emergency, only to see their work quashed by political appointees with little explanation. The document, titled Guidance for Implementing the Opening Up America Again Framework, was researched and written to help faith leaders, business owners, educators and state and local officials as they begin to reopen. It included detailed decision trees, or flow ..

China has reported 15 new asymptomatic coronavirus cases, taking their total to 836 while one new imported COVID-19 infection was confirmed, health officials said on Saturday. According to China's National Health Commission (NHC), as for Friday 836 asymptomatic cases, including 63 from overseas, were still under medical observation. The NHC said one imported case of coronavirus was reported on Friday and 15 new asymptomatic cases, all domestic ones, were confirmed in the country. Most of the asymptomatic cases were being reported from first coronavirus epicentres Hubei province and its capital Wuhan where no confirmed cases were reported for the 35 days, the local health commission said. Normalcy is returning to the province as the lockdown has been lifted and offices, business and factories have been opened since last month. The province still has 628 asymptomatic cases under medical observation, after 13 new cases were reported on Friday, the commission said. Death toll in China ...

Singapore on Saturday saw a drop in its daily tally of new coronavirus cases as the city-state reported 753 new COVID-19 cases, taking the country's total to 22,460, majority of them foreign nationals, including Indians, living in dormitories. On Friday, Singapore reported 768 new cases of coronavirus. The Health Ministry said the vast majority of the 753 new cases reported on Saturday are work permit holders (foreigners) residing in worker dormitories. Nine cases are Singapore citizens or permanent residents (foreigners). As of Friday, 19,232 of the 323,000 foreign workers living in dormitories, or nearly six per cent, have tested positive for COVID-19, reported The Straits Times. Singapore had placed 18,402 coronavirus patients in isolation while 1,245 are hospitalised by Friday, according to a data from the Health Ministry. The Ministry said 1,245 cases were still in hospital while 20 people have died of the disease. Singapore currently has the highest number of coronavirus cases ..

A 40-year-old Indian-origin woman in Singapore was charged with five counts, including use of criminal force, in a court here on Saturday for refusing to wear a face mask for protection against COVID-19 and assaulting a police officer who tried to ascertain her identity. Kasturi Govindasamy Retnamswamy was arrested after the incident that happened at a shopping mall on May 7 and was captured on video. Retnamswamy, who is a Singaporean, was remanded at the Institute of Mental Health (IMH) for psychiatric evaluation after the incident, reported The Straits Times. She was taken to a court on Saturday and faced five charges, including use of abusive words and criminal force against a public servant. The next hearing is scheduled for May 22 after her remand in the IMH. According to the police statement on Friday, the woman insulted the mall staff and hurled abuses at a security officer who was trying to get her to put on her mask correctly. The widely-shared video of the incident shows a ..

The Hollywood Foreign Press Association (HFPA) has tweaked its rules for the Golden Globes in regard to the foreign language film category, amid the coronavirus pandemic. According to Variety, HFPA has announced that foreign language films will not need a theatrical release in their own country to be eligible for the 2021 Golden Globes. Earlier there was a rule that foreign films must be released in their country of origin during the 15-month period from October 1 to December 31 prior to the awards. Foreign-language motion pictures that had a bona fide theatrical release planned to begin in their country of origin during the period from March 15 until a date to be determined by HFPA when cinemas in that country have generally reopened, may instead be released in any country in any format and will still be eligible for the Golden Globe foreign-language motion picture awards, the new rule states. The films can be released in motion picture format such as in theatres or on pay-per-view ..

The UK is planning to bring in compulsory 14-day quarantine for all travellers arriving in the country from any part of the world, except the Republic of Ireland, as part of measures to track the spread of coronavirus, according to UK media reports. The new restriction, which means travellers including Britons arriving in the UK would have to self-isolate at a private residence and fined up to 1,000 pounds or deported for flouting the rules, is expected to take effect at the end of this month. According to The Times', the quarantine will form part of the announcements when British Prime Minister Boris Johnson makes a televised address to the nation on Sunday in relation to the COVID-19 lockdown. He has vowed to move with maximum caution as he reopens the economy by lifting some of the social distancing measures and stay-at-home orders next week, enabling people to exercise more than once a day and visit garden centres. These measures will help protect the British public and reduce the

Iran warned Saturday that coronavirus infections were rising in the southwest despite falls in other regions, as it announced more than 1,500 new confirmed cases. "All provinces are showing a gradual drop in new infections... except for Khuzestan, where the situation is still concerning," health ministry spokesman Kianoush Jahanpour said in televised remarks. The health ministry stopped publishing provincial figures for the coronavirus last month. It has instead opted for a colour-coded system of white for low-risk parts of the country, yellow for medium-risk and red for high-risk areas. Latest reports have shown Khuzestan red along with a few other provinces, including the capital Tehran and the Shiite clerical centre of Qom, where Iran reported its first cases in February. Early last week, Iran's official daily caseload hit its lowest level since March 10, but it has since climbed again steadily. Jahanpour said 1,529 new cases were confirmed in the past 24 hours, taking the ...

Indian cricket icon Sachin Tendulkar has donated an undisclosed amount to financially help 4,000 underprivileged people, including children from Brihanmumbai Municipal Corporation (BMC) schools, amid the COVID-19 pandemic. Tendulkar made the donation to the Hi5 Foundation, a non-profit organisation based out of Mumbai. "Best wishes to team Hi5 for your efforts in supporting families of daily wage earners," Tendulkar tweeted. The organisation, through a tweet, thanked Tendulkar for doing his bit for the needy. "Thanks @sachin_rt for proving once again that #sports encourages compassion! Your generous donation towards our #COVID19 fund enables us to financially aid 4000 underprivileged people, including children from @mybmc schools. Our budding sportspersons thank you, Little Master!" The legendary batsman had earlier contributed Rs 25 lakh each to Prime Minister's Relief Fund and Chief Minister's Relief Fund for the country's fight against COVID-19. Tendulkar had earlier pledged to ...

BJP corporators in the Thane Municipal Corporation (TMC) have refused to contribute to the COVID-19 relief fund, citing lack of transparency in the affairs of the civic body in Maharashtra's Thane city. Corporators from other parties have contributed Rs 5 lakh to the fund, following an appeal from Mayor Naresh Mhaske. In a letter to the Mayor, BJP leader Sanjay Waghule alleged that there was no transparency in the civic body's COVID-19 relief activities, which is why party corporators would not make any contribution to the TMC's COVID-19 fund. He further claimed that BJP corporators were not invited to the meeting called by Guardian Minister Eknath Shinde to discuss a 1,000-bed COVID-19 treatment facility. Meanwhile, the Mayor in a written communication pointed out that the BJP had welcomed the idea of a relief fund for COVID-19 and now it was backing away from it. There are 23 BJP corporators in the house of 131 corporators in the TMC.

Two-wheeler major Yamaha Motor India Group (YMIG) on Saturday said its employees have voluntarily donated a day's salary to support the government in combating the coronavirus pandemic. The company's permanent employeesas well as some trainees based out of its three plants -- Kanchipuram (Tamil Nadu), Surajpur (Uttar Pradesh) and Faridabad (Haryana), and employees at its other offices donated a total of Rs 61.5 lakh from their pay for April, YMIG said in a statement. Out of the total amount, Rs 25 lakh each will be donated to the Chief Minister's Public Relief Fund (Government of Tamil Nadu) and Chief Minister Distress Relief Fund (Government of Uttar Pradesh). The remaining Rs 11.5 lakh will be donated to the PM-CARES Fund, it added. "This is a global crisis and Yamaha's task as a global company is enormous. During such time what COVID-19 has prompted, Yamaha feels that it is important for everyone to stand united against the pandemic and come forward to support the government in ...

The Uttar Pradesh Congress has launched a chat portal that will let people list the problems being faced by them amid the ongoing COVID-19-induced lockdown, the party said on Saturday. The complaints received from users of the UP Mitr' chat portal will be forwarded to Chief Minister Yogi Adityanath so that the state government can help the people, state Congress chief Ajay Kumar Lallu said in a statement. "The portal has been made to help the common public during the COVID-19 pandemic. Through it, problems of the common public will be listed and the UP Congress will help the complainants. The list of complaints will be sent to the chief minister, Lallu said. The Congress leader said that his party was committed to help every needy person in the state. "The party is running community kitchens at various places in the state including Ghaziabad, Hapur, Kanpur, Allahabad, Lakhimpur Khiri and Lucknow, he said in the statement. The party's district committee is making dry ration available ..

The Central Industrial Security Force reported 13 fresh cases of COVID-19 among its personnel on Saturday with the maximum being in its Delhi Metro protection unit, officials said. The 1.62 lakh personnel strong force has a total of 48 active cases of coronavirus with the addition of the new numbers. Two of its personnel have succumbed to the disease over the last two days. Among the 48 active cases, maximum 31 are in the unit that guards the Delhi Metro followed by 13 in the Mumbai international airport guarding unit. The maximum rise in cases, at 10, over the last 24 hours has also been reported from the Delhi Metro guarding unit. Coronavirus positive troops have also been reported at CISF units like Delhi airport (3), Ahmedabad airport (2), Kolkata Port Trust (3) and one at its VIP security unit based at GreaterNoida. The force is tasked to guard civil airports (63 at present) in the country and vital infrastructure in the aerospace and nuclear domain. The paramilitary forces or ...