The resurgence of COVID-19 has dented but not debilitated economic activities in the first half of Q1 of the current fiscal even though caseload of infections is much higher than before, according to an RBI article. The ferocity of the second COVID-19 wave has overwhelmed India and the world, the article said, adding that war efforts have been mounted to stop the surge in its tracks. "The impact of the second wave on the real economy seems to be limited so far in comparison with the first wave. Evidently, the localised nature of lockdowns, better adaptation of people to work from home protocols, online delivery models, e-commerce and digital payments are at work," the article on the state of economy authored by RBI Deputy Governor M D Patra and other officials said.
By 2022, there is a plan to make an mRNA-technology vaccine, for which it has tied up with Canadian firm Providence Therapeutics.
FMCG firms such as ITC, Parle Products, Marico, Emami, PepsiCo India and CG Corp Global on Wednesday assured uninterrupted supply of their products based on the learnings from the last year's lockdown, even as surge in COVID-19 cases in India forced Maharashtra to declare a 15-day curfew while other states also imposing various restrictions.
The main purpose of the meeting is to assess their views on reforms that are required to attract long-term capital into the country.
'Both of us are not politicians. We were forced to enter politics to counter corruption that is looting the country.'
It will be unfair to put a date for any COVID wave as the behaviour of coronavirus is unpredictable and a disciplined and effective pandemic response can help the country get away from any significant outbreak, COVID Task Force chief V K Paul said.
Will private firms really boost Make in India in the defence sector? Ajai Shukla seeks answers.
They are now scaling or shutting down their businesses because they can't compete with untaxed grey market gold. India's gold smuggling has increased significantly since the import duty was increased in the Union Budget 2019 in contravention with the broader market expectations of a cut.
So far the coronavirus, which originated in the Chinese city of Wuhan, has infected more than 54 million people around the world and killed over 1.3 million others.
The report by the High Level Advisory Group said India stands to benefit even more when the US and China are locked in a global trade war.
First Goa, now Gujarat!
The more people get vaccinated, the better it will be for the country and the economy, the National Conference vice president said.
A 1,000 kg handwoven khadi tricolour, the largest in the country, was unfurled atop a high mountain overlooking the Leh valley on Saturday to commemorate Gandhi Jayanti and the 75th anniversary of India's Independence.
Nokia is one of the leading telecom equipment manufacturing companies in India
India has one thing that China has - the potential to be of interest as a huge market in its own right.
In the Rome Declaration, the G20 leaders thanked healthcare and frontline workers, international organisations and scientists for their relentless efforts to cope with the deadly COVID-19 pandemic.
Responding to another question, Choubey said that the phase-I of clinical trials have revealed excellent safety of the two candidate vaccines indigenously developed by Bharat Biotech in collaboration with Indian Council of Medical Research and Cadila Healthcare Ltd, and now their immunogenicity testing is in progress. Their phase II clinical trials are ongoing.
Indian-American business leaders meet to discuss ways to make this initiative a success.
If things go according to plan, the vaccine would be available in the market by the end of this year.
Services attracted the most FDI during the first eleven months period of 2015-16.
Vardhan also expressed hope about having a vaccine against COVID-19 by the end of this year.
Most of the hirings are, however, in the entry or junior level.
Voicing concern over many countries failing to vaccinate their people, World Health Organisation chief Dr Tedros Adhanom Ghebreyesus on Thursday called for vaccinating at least 10 per cent of the population of every country by September as he described vaccination as the best way to control the pandemic and reboot the global economy.
A gazette notification said employees involved in the production of defence equipment, services and operation or maintenance of any industrial establishment connected with the military as well as those employed in repair and maintenance of defence products will come under the purview of the ordinance.
The government is targeting 1,200 technical collaborations between Japanese companies and Indian investors for over Rs 42,000 crore, 200 joint ventures with overseas investors for Rs 14,000 crore, and another Rs 14,000-crore investment from about 50 multinational companies.
One of the beneficiaries is Jindal Steel and Power, which had earlier been kept out of procurement for rails
The attack is not focused towards any particular industry but it is widely spread across industries
20 defence ministry reforms 'is a reflection of the resolve of the government to make the defence sector stronger and more efficient.'
'We will be hoisting the tiranga, but this kind of celebration is uncalled for when the farmers in this country are dying by suicides, their families are ravaged by poverty and farmers are not enjoying any freedom.'
The defence ministry on Thursday sealed a contract to procure 118 main battle tanks Arjun for the Indian Army at a cost of Rs 7,523 crore, in a major move to boost its combat capabilities.
The vaccination rate needs to go up by three to four times, assert Ajay Shah and Amrita Agarwal.
'My father was asking me what an IPO is. He has no clue and he has never been an investor.' 'My mother, who was the one to ring the bell, has been an investor in Policybazaar for the past 6-7 years and I would say she has made good returns.'
The two countries also asked all nations to stop cross-border movement of terrorists and asserted that a decisive collective response from the international community without 'double standards and selectivity' was required to combat the threat of terrorism.
Indian economy is likely to rebound with an 8.9 per cent growth in the fiscal year beginning April 2021 after economic activity showed significant improvement in the last quarter, IHS Markit said on Friday. The National Statistical Organisation (NSO) on Thursday predicted that the economy will contract 7.7 per cent in the current financial year ending in March, the worst performance in four decades.
According to Ajai Sahai, director-general and CEO of Federation of Indian Export Organisations, rising cases are a cause for concern as it adds to the uncertainty and may impact exports.
"Karnataka has always forged inclusive economic development and we must not allow such communal exclusion- If ITBT became communal it would destroy our global leadership. @BSBommai please resolve this growing religious divide," Mazumdar-Shaw said.
Boeing expects the IAF to soon place an inquiry for twin-engine fighter jets to bridge a 200-aircraft gap in its armoury. And the Super Hornet is ready to fly in.
Ashley Furniture Industries, which made a debut in India last month in Bengaluru, planning to open 100 stores in India over the next few years.
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