With the world's worst outbreak of COVID pandemic stalling a nascent economic recovery, the government has begun assessing the impact of the second wave of infections on different sectors and may look at providing support at an appropriate time to segments requiring fiscal help. Some of the economic indicators, including the Goods and Services Tax (GST) collections, still provide confidence and incoming data will throw some more light on the state of the economy, sources said. Services sectors like hospitality, tourism and aviation which had just started recovering were hit hard by the second wave of COVID, the sources said, adding these segments might need some support on an urgent basis from the government.
Here's all you need to know about it.
The focus will definitely shift towards more meaningful trips than the kind of micro trips we were into before, says Varun Arora.
The social media giant confirmed in a blog post that it has removed the accounts as part of an effort following the riot last week "to protect the conversation on our service from attempts to incite violence, organise attacks, and share deliberately misleading information about the election outcome."
Twitter can probably afford to wait it out. But would it have the moral courage to do so? asks Devangshu Datta.
Chief Secretary A K Tripathy and Director General of Police (DGP) Abhay rushed to the pilgrim town to make the necessary arrangements. "The DGP and I are rushing to Puri to take stock of the situation as per the direction of the chief minister. We will camp there," Tripathy said.
Uttar Pradesh, last year, recorded the most 2,60,028 deaths attributable to air pollution, followed by Maharashtra at 1,08,038 and Bihar 96,967, it said.
Gohil, who is also one of the party's national spokespersons and a Rajya Sabha member from Gujarat, made the disclosure on his official twitter handle. 'Due to personal reasons, I have requested our party high command to allocate me lighter work for next few months and to relieve me ASAP as #Bihar in charge,' Gohil tweeted, tagging his party, its units in Bihar, Gujarat and Delhi besides a number of colleagues.
In a series of tweets, the senior leader of the ruling Bharatiya Janata Party also alleged that the legacy data were manipulated for including names of doubtful persons as alleged by many.
'This debate is going on all over the world and everybody is saying that only GDP cannot estimate the real (economic) situation of a country.'
The video also showed protests by locals at Garia, a suburb in the southern fringes of the city where the incident had allegedly taken place, who claimed that the bodies were those of novel coronavirus victims. West Bengal Governor Jagdeep Dhankhar expressed concern over the video and sought a report regarding the incident from the state home secretary.
With Narayan Rane, the BJP looks to expand its footprint in Mumbai and Konkan. But a perceived self-goal by him may have galvanised the restive Shiv Sena cadre and voters to coalesce around their party. Dhaval Kulkarni reports
A report details the campaign conducted by a China-linked threat activity group RedEcho targeting the Indian power sector.
The countrywide vaccination drive was rolled out on January 16 with healthcare workers getting inoculated and vaccination of the frontline workers started from February 2.
'If you are ready to stomach the loss, you may invest 3-5 per cent of your portfolio in crypto assets.' 'Of this, 80-90 per cent should be in Bitcoin.'
"Proper procedure of law is followed in Maharashtra. Police can take action against anyone if they have evidence. The state government hasn't acted out of revenge," Raut told reporters when asked about Goswami's arrest.
E-commerce giant Amazon on Thursday announced a $250 million (about Rs 1,873 crore) fund that will focus on digitising small and medium businesses, and driving innovation in the areas of agri-tech and health-tech in India. "Small and medium sized businesses are often the engine and the lifeblood of economies and I think it's true in India as well. "And we are very passionate about trying to enable acceleration of SMBs in fuelling innovation and the economy in India," Amazon Web Services CEO Andrew Jassy said.
The guidelines said that keeping in view the recent spike in new cases in a few states and UTs, ongoing festival season and onset of winter, it is emphasised that to fully overcome the pandemic there is a need to maintain caution and to strictly follow the prescribed containment strategy.
The death toll climbed to 15,301 with 407 new fatalities, according to the Union health ministry data.
The BJP's manifesto speaks about the Prime Minister's vision of making 'Atmanirbhar Bihar'.
In December last year, Amazon invested over Rs 1,700 crore into its payments and wholesale business units in India, while in October it had infused over Rs 4,400 crore (more than USD 600 million) in its various units in India, including marketplace and food retail. Bezos last visited India in 2014 when he presented Amazon's Indian unit with a giant cheque for USD 2 billion. Since then, Amazon has pledged a further USD 3.5 billion to expand in the country and the USD 1 billion investment announced on Wednesday would take the total committed investment to USD 6.5 billion.
With just a few days left for the suspension on fresh corporate insolvency cases to end, government sources have indicated that another extension is unlikely. An extension may not be economically desirable as it hampers the restructuring prospects for stressed companies, according to senior officials. Also, it would be a challenge to amend the law in such a short time. A Bill would have to be passed in both Houses of Parliament, if any change, with respect to suspension of Insolvency and Bankruptcy Code (IBC), is to be made - including extension or creating any exceptions to the rule.
Joining her on the list is her brother-in-law Kanye.
The one-size-fits-all approach adopted by the AICTE is not suitable for regulating business schools in India, argues Asish K Bhattacharyya.
A paper authored by Rajan said, state-linked banks can be a first step in altering the ownership structure of some PSBs, where the government brings down its stakes to below 50 per cent, creating distance from operations of banks, and improving governance along the way.
'There is a vision in the Budget, and the vision is to take India from a largely agrarian, rural economy into a fast-track digitalised economy.'
Tata Sons chairman N Chandrasekaran on Thursday said even though a "hybrid" model will be the new normal in future, India's largest software exporter TCS will ask employees to come to work once the pandemic is over as social interactions are a social necessity. "I do want to make the point that people need to meet people. It is a social necessity. "So, there will be a shift towards moving people to work when the pandemic gets over," Chandrasekaran, who also chairs TCS, said at the company's annual general meeting. At present, 97 per cent of the company's staff have been working from their homes because of the pandemic, he said, admitting that a "hybrid" model where people work from homes and also from offices will be the new normal.
This was the one Budget that required radical departures on all these fronts, when it had none, asserts, Shreekant Sambrani.
Home sales in the top 10 cities - Ahmedabad, Bengaluru, Chandigarh, Chennai, Hyderabad, Kochi, Kolkata, Mumbai Metropolitan Region (MMR), National Capital Region (NCR) and Pune - have declined at a compound annual growth rate of 8% since 2011.
China's GDP jumped a record 18.3 per cent in the first quarter of 2021, riding on strong domestic and foreign demand and aided by recovery from a low base in early 2020 when Covid-19 stalled the world's second-largest economy, according to statistics released on Friday.
Mudra Bank will be a Rs 20,000-crore institution, which would "primarily be responsible for refinancing all micro-finance institutions.
The government has objected to Twitter using 'manipulated media' tag for tweets on an alleged Congress toolkit used to target the Centre over its COVID-19 handling, sources said.
The micro-blogging platform hopes its new emphasis on governance would help differentiate it from Facebook and Instagram.
Pragmatism and flexibility is a virtue. An untethered and short-term approach to policymaking is a flaw, argues Mihir S Sharma.
PSBs dominate India's banking system, meaning any failure could jeopardise financial stability, as such, we expect government support will remain forthcoming, said Moody's.
After Twitter briefly blocked IT Minister Ravi Shankar Prasad from accessing his account for alleged copyrights violation, chairman of the parliamentary panel on information technology Shashi Tharoor on Friday said the same thing happened with him and the standing committee will be seeking an explanation from the social media firm over the temporary locking of their accounts and the rules it follows while operating in India.
Sports Minister Kiren Rijiju on Saturday donated a month's salary over and above Prime Minister Narendra Modi's directive to all BJP MPs to contribute Rs one crore from MPLAD funds in the country's fight against COVID-19 pandemic.
'For Indian firms supplying global majors, coronavirus is both a threat and an opportunity.'
Business Standard tracks pollution levels, goods ferried by the Indian Railways and consumer visits to various categories of places, in addition to power generation and traffic numbers to understand the fast-changing situation on the ground.
China's official media has welcomed Prime Minister Narendra Modi's initiative to open an account on the popular Chinese social microblog Weibo, saying he scored a "big hit" ahead of his visit here next week.
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