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Russia allocates another $1.23 bln to company buying planes from Western lessors
Russia has allocated an additional 107.7 billion roubles ($1.23...
Sensex crashes 1,628 points, Domestic equities plunge 2%
HCL Technologies, SBI Life Insurance, Infosys, LTIMindtree, and TCS...
SC asks Centre to discuss ticket price refund issue with airlines
The airlines instead of providing the full refund of the amount collected for the tickets due to cancellation, are providing a credit shell, valid up to one year, which is clear in violation of the Civil Aviation Requirement of May 2008 issued by the DGCA which clearly states that the option of holding the refund amount in credit shell by the airlines shall be the prerogative of the passenger and not a default practice of the airline, said the plea.
Record rise in India virus cases raises fear of return of curbs
Dr V.K.Paul, head of a government task force tackling the outbreak, said there was no quick end in sight.
“Our population is still susceptible, this virus is present, we have contained it, but this fight will go on for months,” Paul told a news conference.
India’s COVID-19 cases jump from 2 lakh to 3 lakh in 10 days as it records worst daily spike
India took 64 days to cross the 1 lakh-mark from 100 cases, then in another fortnight it reached the grim milestone of two lakh cases. It has now become the fourth worst-hit nation by the pandemic with a caseload of 3,08,993, according to coronavirus statistics website Worldometer.
However, the Health Ministry said on Friday the doubling time of coronavirus cases has improved to 17.4 days from 15.4 days. And its data updated at 8 am on Saturday showed active cases at 1,45,779 and those who have recovered at 1,54,329; one patient has migrated.
“Thus, around 49.9 per cent patients have recovered so far,” a ministry official said.
Covid-19 crisis: PM Modi to hold two-day meet with CMs from Tuesday
The two-day virtual meet comes also against the backdrop of rising number of coronavirus cases in the country.Under “Unlock 1” several relaxations have been made for public and businesses to ensure that economic activities hit by the lockdown gather momentum.
Encourage non-motorised transport systems as they are environment-friendly: HUA
It is imperative that transmission of infection through public transport is curbed by adopting the right sanitisation, containment and social distancing measures, the Union Housing and Urban Affairs Ministry said.
“Touch-less systems like BHIM, PhonePe, Google Pay, PayTM and National Common Mobility Card will reduce human interaction in operations of public transit systems,” it said.
U.S. insurers use lofty estimates to beat back coronavirus claims
The industry has warned it could cost them $255 billion to $431 billion a month if they are required, as some states are proposing, to compensate firms for income lost and expenses owed due to virus-led shutdowns, an amount it says would make insurers insolvent.
Job loss most severe immediate impact of COVID-19: Survey
The preliminary results showed that loss of employment was considered as the most severe immediate impact of the crisis while lower economic growth and rise in inequality were probable long-term impact.
As per the survey, the immediate policy priorities suggested were protection of workers and families, short-term employment creation and income transfers to affected workers.
IMF says $10 trillion spent to combat COVID-19 Pandemic, Far more needed
Investments should focus on improving access to health care and education, strengthening climate protections and broadening the access of low-income households and small business to financial products and technology, IMF Managing Director Kristalina Georgieva wrote.
RBI wants banks to overhaul their risk management system
The banks have to establish effective communication/coordination with the audit committee to facilitate the exchange of information, effective coverage of all risks, including emerging risks,reputational risks and any needed adjustments to the risk governance framework of the bank,.
No coercive action against pvt firms for non-payment of full wages during lockdown: SC
The Ministry of Home Affairs (MHA), in its March 29 circular, had asked all employers to make payment of wages to their workers without any deduction for the period their establishments were under closure during the lockdown to contain COVID-19.