The RBI on Wednesday cautioned that while the Indian economy appears capable of weathering the deterioration in geopolitical conditions amid the ongoing Russia-Ukraine war, it faces headwinds from global spillovers from geopolitical tensions, elevated commodity prices and moderating external demand. The RBI, however, did not tinker with the GDP growth projection made in April. It had slashed the GDP growth projection for the fiscal 2022-23 to 7.2 per cent from its earlier forecast of 7.8 per cent.
Mobile phones, televisions, refrigerators, laptops and stationary items will be allowed to be sold through e-commerce platforms like Amazon, Flipkart and Snapdeal from April 20 during the lockdown, officials said on Thursday. The clarification from a senior home ministry official came a day after Union home secretary Ajay Bhalla issued revised guidelines for the extended lockdown period till May 3.
The restrictions would come into force from Friday, Deputy Chief Minister for Medical and Health A K K Srinivas (Nani) said briefing reporters after a high-level meeting on COVID-19, chaired by Chief Minister Y S Jagan Mohan Reddy. The daily rituals in all these temples will, however, be performed by the priests. Only the devotees will not be allowed, he said.
Passing an order on a 'Court on its Own Motion' on Monday, a division bench of Chief Justice Mittal and Justice Sanjay Dhar expressed concern over urgent issues involving the rights of the residents of the union territories of Jammu and Kashmir, and Ladakh.
Initially, starting with a slightly curtailed capacity, the airline will increase the operating capacity over the subsequent months, also reopening selected international flights, depending on the existing international travel guidelines: IndiGo.
Under the graded relaxation, the government has decided to restore with immediate effect all existing visas, except electronic visa, tourist visa and medical visa, the statement said.
Hours after India lost to Great Britain in the bronze medal play-off, chief coach Sjoerd Marijne said he would like to be with his family after being away for three-and-a-half years.
The Tour de France may have to limit spectators during the first days of the race in order to comply with a ban on major events gathering more than 5,000 people before September, the French sports ministry said. Prime Minister Edouard Philippe said on Tuesday that major sporting and cultural events bringing together more than 5,000 participants could not be held before September as he announced plans for a gradual end of a nationwide coronavirus lockdown from May 11.
Some buyers are insisting on a clause in the agreement that the whole deal hinges on physical verification at a later date with some part of payment kept in escrow.
The death toll also saw a record single-day increase of over 350 fatalities to move closer to the 8,500-mark, more than one-third of which have been recorded in 11 days since June 1 -- the day that marked the beginning of a phased exit from most restrictions imposed under a nationwide lockdown with effect from March 25.
In the latest guidelines, the BMC clarified that no garden or play area equipment, swings and bars will be allowed to operate during the lockdown period, till June 30.
The airline had told its pilots on Wednesday that they will not be paid salaries for April and May, adding that those who have been operating cargo flights will get paid for the number of hours flown.
'It would have been easy to make a small film with Tiger in a basti or an action film like Pushpa which was all mud, grunge and a repeat of what I had done before.'
The Reserve Bank will go for a "dovish pause" at Wednesday's policy review announcement amid developments such as a rise in inflation, government maintaining the inflation target band and a likely impact on growth due to local lockdowns on rising COVID-19 infections, analysts said on Monday. Economists at American brokerage Bofa Securities said price stability, growth and financial stability will become the prime focus areas for the central bank going forward. "The RBI MPC (Monetary Policy Committee) should deliver another dovish pause on Wednesday," it said. The policy announcement, the first for the fiscal, will come days after the government maintained the RBI's target to ensure inflation to be within 2-6 per cent band for five more years.
The regions serve as the country's economic engine and the move is tantamount to sacrificing the Italian economy in the short term to save it from the ravages of the virus in the long term
L&T was the top gainer in the Sensex pack, rallying over 4 per cent, followed by Dr Reddy's, Sun Pharma, NTPC, IndusInd Bank, PowerGrid, ONGC and M&M. NSE Nifty jumped 119.20 points to 14,942.35.
Largest software exporter TCS will be hiring more than 40,000 freshers from campuses in the country in the financial year 2021-22 , a top executive said on Friday. The company, the largest employer in the private sector with a base of over 5 lakh employees, had hired 40,000 graduates from campuses last year and will do better on that number, its chief of global human resources Milind Lakkad told reporters in Mumbai. He said the COVID pandemic-related restrictions do not pose any difficulties in hiring and added that last year, a total of 3.60 lakh freshers had appeared for an entrance test virtually.
On Friday, barring a few, most of the team members returned to their native places after being granted the break.
India's fuel consumption slumped by over 66 per cent in the first week of April as a nationwide lockdown halted economic activity and travel, which eviscerated demand. Petrol and diesel demand is down 66 per cent in April, while aviation turbine fuel (ATF) consumption has collapsed by 90 per cent as most airlines have stopped flying, industry officials said.
'You cannot fight a disease as complex as COVID-19 without a carefully calibrated, localised response.'
Prime Minister Narendra Modi on Thursday reviewed the impact of Covid-19 on the Indian economy and a possible second stimulus to boost sectors hit hard by the pandemic. Modi held discussions with Finance Minister Nirmala Sitharaman as the pandemic hit sectors from small industries to the aviation sector hard with millions of jobs at stake.
But demand has shown signs of pick up in the last 10 days of April after the government allowed resumption of economic activity beyond the urban municipal limit.
Employment fell by 2.5 million in February, 0.1 million in March, 7.4 million in April and then by 15.3 million in May, explains Mahesh Vyas.
The health minister said that experts had identified over 1,000 cases with the variant, predominantly in the south of England.
The government kept its nerve in the face of a massive shock. It chose not to resort to a massive fiscal stimulus. It focused instead on providing liquidity support and easing restrictions on movement in stages, observes T T Ram Mohan.
Manufacturing sector production registered a decline of 17.1 per cent, while the output of mining and power fell 19.8 per cent and 10 per cent, respectively.
Regular visa, e-visa or stay stipulation, of such foreign nationals who have been stranded in India because of spread of COVID-19 in many parts of the world and also due to travel restrictions imposed by Indian authorities, and whose visas have expired or would be expiring during the period from February 1 midnight to May 3 midnight, would be extended till midnight of May 3 on 'Gratis' basis, after online application by the foreigner, the statement said.
Of the 20 deaths reported in the last 24 hours, eight were from Maharashtra, three each from Gujarat and Madhya Pradesh, two from Jammu and Kashmir and one each from Punjab, Uttar Pradesh, Karnataka and Tamil Nadu.
Anticipating a sudden and huge crowd in bank branches following the announcement of various measures by the government on Friday, the AIBEA said since the number of employees in bank branches are very few, the crowds can pose a big risk for the bank staff as well as for the customers who might be visiting in large numbers.
The Bharatiya Janata Party, however, demanded Dahi Handi festival be allowed to be organised under certain conditions traditionally.
This year's Indian Premier League has been postponed indefinitely following the coronavirus pandemic, key franchise officials said on Wednesday. After the lockdown was extended on Tuesday until at least May 3, Board of Control for Cricket in India (BCCI) officials held a teleconference before informing the franchises about a further delay.
British Prime Minister Boris Johnson on Wednesday announced his government's decision to lift all the additional restrictions imposed to contain the spread of Omicron, including the mandatory wearing of face masks anywhere, from next Thursday after analysis showed that the new variant of Covid-19 has now most likely peaked in the country.
Austria's loosened lockdown means tennis players can return to the court as long as they stick to coronavirus-related rules - singles only, no touching each other's tennis balls, and definitely no shaking hands at the net.
Kerala Chief Minister Pinarayi Vijayan said that the decision was undertaken to avoid the illicit flow of liquor in the state amid a partial lockdown to curb the spread of the deadly coronavirus after 67 confirmed cases were reported.
English Premier League matches have continued behind closed doors during the second lockdown announced on November 1. Supporters have not been allowed into sporting venues since the first lockdown was announced in March, barring a few exceptions.
Drones are being used for carrying out a host of tasks like surveillance to ensure that people are maintaining social distancing, spreading awareness about COVID-19 in densely populated areas, spraying disinfectants and checking people's temperature
The top court, which has restricted its functioning and is conducting hearing through video conferencing of extremely urgent matters during the lockdown period since March 25, exercised its plenary power under Article 142 of the Constitution to direct all the high courts to frame a mechanism for use of technology during the pandemic.
Easing of restrictions came even as Maharashtra continues to registered a record number of new coronavirus cases with no flattening of curve in sight in the state.
The film will releases both in theatres and digitally, reveals Subhash K Jha.
India's factory output climbed 22.4 per cent in March, benefiting from the base effect of the lockdown-marred month a year back as well as a turnaround in the manufacturing sector, while retail inflation slipped to a three-month low of 4.29 per cent in April. The high positive annual growth in the index of industrial production (IIP) in March 2021 came on back of a contraction of (-)0.9 per cent and (-)3.4 per cent in January and February 2021 respectively, according to the data released by the National Statistical Office (NSO) on Wednesday. This turnaround was led by recovery in the mining, manufacturing and electricity sectors.
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