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India enters the most crucial phase of Lockdown 3.0 from May 4. Know what is permitted & relaxed. What to keep in mind when you visit liquor shop.

The Ministry of Home Affairs Friday extended the nationwide lockdown for two more weeks – now ending on Monday, May 17. In an order issued this evening. “After a comprehensive review and in view of the lockdown measures having led to significant gains in the Covid-19 situation, the government has decided to further extend the […]
Business

PM emphasises dissemination of technology till the last mile and making our farmers more competitive in the global value chain

Prime Minister 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. Prime Minister laid special emphasis on technological
Business

Indian funds seek to reassure investors after shutdowns fuel redemption fears. The industry continues to remain robust. AMFI chairman Nilesh Shah

MUMBAI – Fund houses in India were battling to reassure investors on Friday, amid fears of a flood of redemption requests after the unprecedented closure of six debt funds by global giant Franklin Templeton. Franklin Templeton Mutual Fund, one of India’s most prominent mutual fund houses in fixed income, said on Thursday it would wind […]
Business

Lockdown due to COVID-19 has a drastic impact on the daily wage workers. Industries cannot be forced to pay wages to their employees during the coronavirus-induced lockdown, BJD MP Bhartruhari Mahtab

Industries cannot be forced to pay wages to their employees during the coronavirus-induced lockdown, BJD MP Bhartruhari Mahtab, who chairs the parliamentary panel on labour, said on Monday. Amid the countrywide lockdown to check the spread of the novel coronavirus, the parliamentary panel on labour on Thursday submitted its report on the Industrial Relations Code, […]
Business

How India’s new FDI rules towards China will impact the trade & commerce?. China has called the rules “discriminatory”.

India’s plan to screen foreign direct investments from neighbouring countries has Chinese firms concerned that such scrutiny will affect their projects and delay deals in one of Asia’s most lucrative investment markets. The tougher rules were not a surprise, as other countries are also on guard against fire sales of corporate assets during the coronavirus […]
Business

Donal Trump fumes at China, threatens to terminate the trade deal with China if Beijing did not honour its provisions in the wake of the coronavirus pandemic that originated in the country.

Washington, Apr 22. US President Donald Trump has threatened to terminate the trade deal with China if Beijing did not honour its provisions in the wake of the coronavirus pandemic that originated in the country. While China has reported 82,788 novel coronavirus cases, including 4,632 fatalities, the US registered over 824,600 cases and more than […]
Breaking News Business

Mukesh Ambani Led Reliance JIO inks deal with Social Media giant Facebook. Facebook To Invest ₹ 43,574 Crore In Jio Platforms For A 9.99% Stake

Mumbai, April 22, 2020: Reliance Industries Limited (“Reliance Industries”), Jio Platforms Limited(“Jio Platforms”) and Facebook, Inc. (“Facebook”) today announced the signing of bindingagreements for an investment of ₹ 43,574 crore by Facebook into Jio Platforms. This investmentby Facebook values Jio Platforms at ₹ 4.62 lakh crore pre-money enterprise value ($65.95
Business

India resumes limited business operations with conditions, Govt ensures no mass gatherings & free movement without following lockdown guidelines

India’s 1.3 billion population has been under one of the world’s toughest lockdowns with people forbidden from stepping out of their homes except for food and medicines until May 3. But Prime Minister Narendra Modi’s government said some activities, including factories and farming, would be allowed from Monday in the hinterland which has been less-hard […]