Friday, Jun 05, 2020 | Last Update : 01:11 PM IST

73rd Day Of Lockdown

Total Cases

226,859

8,048

Recovered

108,450

3,712

Deaths

6,363

223

Maharashtra77793336812710 Tamil Nadu2725614901223 Delhi250049898659 Gujarat18609126671155 Rajasthan98627104213 Uttar Pradesh92375439245 Madhya Pradesh87622772377 West Bengal68762768355 Bihar4452212028 Karnataka4320161057 Andhra Pradesh4112252971 Haryana3281112324 Telangana31471587105 Jammu and Kashmir3142104835 Odisha247814819 Punjab2415204347 Assam19894434 Kerala158969015 Uttarakhand115328610 Jharkhand7642975 Chhatisgarh6781892 Tripura6221730 Himachal Pradesh3691636 Chandigarh3022225 Goa126570 Manipur124110 Puducherry90330 Nagaland8000 Arunachal Pradesh3710 Meghalaya33131 Mizoram1710 Sikkim200

Sangeetha G

Loans will be secured against receivables and guaranteed by respective state government. (PTI Photo)

Stimulus or sleight of hand? Rs 6L crore is the packaging, Rs 24k crore is the cake

The other measures on equity infusion into MSMEs would need to be watched for uptake, given the poor execution of such schemes in the past

15 May 2020 10:16 AM

Crores of retail sector employees may lose jobs

Longer lockdown would hit retail industry hard

25 Mar 2020 12:39 PM

The NCLAT on Wednesday set aside the order passed by the CCI and directed the director general to investigate the business practices of Flipkart in an appeal filed by the AIOVA.

NCLAT asks CCI to probe Flipkart over vendors plea

The AIOVA had alleged abuse of market dominance by Flipkart.

05 Mar 2020 1:43 AM

After procuring cotton for a higher Minimum Support Price, the CCI has been saddled with around 70 lakh bales of cotton. As the prices started falling due to sluggish demand, especially from coronavirus-hit China, the CCI found it difficult to liquidate its stocks.

CCI sells cotton at discount

The corporation is likely to suffer losses on the discounted sales.

04 Mar 2020 2:02 AM

In February India imported 46 tonnes of gold, which includes both refined gold and dore, compared to 77.64 tonnes a year earlier, Reuters reported. In value terms, February imports totalled $2.36 billion, down from $2.58 billion in February 2019.

Gold imports down 41 per cent, demand too falls

The demand for gold at the retail level also has fallen significantly in the past two months.

04 Mar 2020 2:00 AM

Recession fears emanating from the spread of coronavirus epidemic saw gold spurt on Monday after having crashed last week.

Profit-booking over, gold surges again

In the Multi Commodity Exchange (MCX), gold futures were trading higher by Rs 1,000 from the levels on Friday.

03 Mar 2020 2:36 AM

Write-offs for banks stood at 0.2 per cent and for NBFC MFIs at 1.7 per cent.

Sharp rise in MFI delinquency rate in Assam in Q3

The overall write-offs as of December 2019 stood at 1.4 per cent of the portfolio, 10 bps higher than the previous quarter.

27 Feb 2020 4:31 AM

According to industry, IRDAI had found that indemnity cover was a service more than a product and did not want life insurers to sell them as their core competency is not providing health cover.

Life insurers can soon offer health insurance policy

IRDAI (Health Insurance) Regulations 2016 allows Life Insurance Companies to offer benefit-based health insurance products only.

26 Feb 2020 6:56 AM

The US is expected to be India’s largest merchandise trade partner for the second straight year in FY20. While Indo-US trade continues to grow, Chinese trade has shrunk even before coronavirus started affecting the shipments.

US likely to be India’s top trading partner for 2nd year

Till the end of December quarter, at $68 billion, India’s bilateral trade with the US has gone up above $64 billion with China.

24 Feb 2020 2:39 AM

RBI devises new plan for fin inclusion

Financial literacy modules should be used for orientation of children, young adults, women, new workers, entrepreneurs, senior citizens etc.

24 Feb 2020 2:36 AM

E-commerce contributed 12 per cent to the total international sales of Walmart and this was led by Flipkart and online grocery sales in several markets.

Flipkart key contributor to Walmart global sales

Flipkart has launched PhonePe as a payment option at Walmart’s “B2B Cash & Carry” stores in India.

20 Feb 2020 3:58 AM

Commerce minister Piyush Goyal (Photo: File)

Exporters not keen on GSP restoration

Exports to US goes up after withdrawal of benefits.

20 Feb 2020 3:47 AM

Retail real estate grabbed $970 million PE funds in 2019 against $355 million in the previous year, registering a growth of 173 per cent. Overall PE inflows into Indian retail touched $2.8 billion in the five years between 2015 and 2019.

PE funds put more money into malls

PE funds’ investment into retail real estate grew almost three-fold in 2019 over the previous year.

14 Feb 2020 2:03 AM

The 10 mega integrated textile parks will be developed in 1,000 acres of land closer to the ports. This will give plug-and-play facilities, including safeguard measures in the labour laws, textile secretary Ravi Capoor said on Thursday during a meeting of the Confederation Indian Textile Industry (CITI).

Textile industry seeks basic means before mega parks

According to Sanjay Jain, former chairman of CITI, scale of production is a major problem for the Indian textile industry.

14 Feb 2020 2:01 AM

While the country attracted FDI valued around $286 billion in the past five years across sectors, defence and aerospace, which were projected as high potential sectors under ‘Make in India’, could grab only a measly Rs 1,834 crore, according to government data released on Monday.

Defence, aerospace get Rs 1,800 cr FDI in 5 years

The government had also announced two defence corridors-- in Tamil Nadu and Uttar Pradesh.

11 Feb 2020 4:17 AM

The government had formulated a draft National Tourism Policy in 2015-16, but is still, hold your breath, seeking cabinet approval.

5 years and tourism policy is still on way to cabinet

The last time the tourism sector had a national level policy was in 2002, nearly two decades ago.

11 Feb 2020 4:12 AM

Consumers significantly value the benefits of e-health over the traditional outpatient care system across pharmacy, consultation, and diagnostics categories.

E-health to grow multi-fold to $16 billion by FY25

Out of this 60 million, 4.3 million are already using e-health.

10 Feb 2020 5:45 AM

The DPI would be based on multiple parameters and shall reflect accurately the penetration and deepening of various digital payment modes.

Digital Payments Index soon

The index will be made available from July 2020.

07 Feb 2020 2:04 AM

This exemption will be available for incremental credit extended up to the fortnight ending July 31, 2020. (Representational image)

Realtors happy with relief, but wanted rate cut

However, the sector has been looking forward for rate reduction and better transmission of rates to push demand at the consumer level.

07 Feb 2020 2:00 AM

This amendment will take effect from April 1, 2021 and will, accordingly, apply in relation to the assessment year 2021-22 and subsequent assessment years.

Non-taxpaying NRIs will be taxed as Indian residents

The Budget also proposed to reduce the period of stay in India to 120 days from 182 days earlier for PIOs to be categorised as NRIs.

02 Feb 2020 5:43 AM

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Mohan Guruswamy

73rd Day Of Lockdown

Total Cases

226,859

8,048

Recovered

108,450

3,712

Deaths

6,363

223

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