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FPIs invest Rs 18,589 cr in 1st week of June as market sentiment improves

Prior to this, foreign portfolio investors (FPIs) were net sellers for three consecutive months. They withdrew Rs 7,366 crore in May, Rs 15,403 crore in April and a record Rs 1.1 lakh crore in March.Market sentiment has improved as the Indian government announced an overall Rs 20 lakh crore economic relief package to tide over the challenges posed by COVID-19 pandemic and the lockdown, said Bajaj Capital Research.

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Covid-19 opportunity for India to speed up Ayushman Bharat: WHO chief Tedros Ghebreyesus

“Of course COVID is very unfortunate and it’s challenging for many nations but we need to look for opportunities too. For instance for India, this could be an opportunity to speed up Ayushman Bharat, especially with a focus on primary health care. I know there is a very strong commitment from the government to speed up the implementation of Ayushman Bharat and with primary healthcare and community engagement, I think we can really turn the tide,” Ghebreyesus said during a press briefing in Geneva on Friday.

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India’s COVID-19 tally reaches 2,26,770 with record spike of 9,851 cases; death toll 6,348

Of the 273 deaths reported since Thursday morning, 123 were in Maharashtra, 44 in Delhi, 33 in Gujarat, 16 in Uttar Pradesh, 12 in Tamil Nadu, 10 in West Bengal, six each in Telangana and Madhya Pradesh, four each in Karnataka, Bihar and Rajasthan, three each in Andhra Pradesh and Kerala, two in Uttarakhand and one each in Jammu and Kashmir, Haryana and Jharkhand

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SC extends order of no coercive action against employers for non-payment of full wages

A bench of Justices Ashok Bhushan, S K Kaul and M R Shah reserved the verdict on a batch of petitions filed by various companies challenging the circular of the Ministry of Home Affairs issued on March 29 asking the employers to pay full wages to the employees during the nationwide lockdown due to the coronavirus pandemic.

In the proceedings conducted through video conferencing, the top court said there was a concern that workmen should not be left without pay, but there may be a situation where the industry may not have money to pay and hence, the balancing has to be done.

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India may suffer devastating climate change impact in 80 years: Study

“India is the most densely populated region in the world, with relatively high sensitivity and low resilience to changes in its climate, all of which makes it very exposed and vulnerable to any changes that may occur during the rest of the 21st century,” Almazroui told PTI in an email on World Environment Day on Friday.

“A large part of India’s population, ecosystems, and economy are all exposed to high risk in the face of future climate change,” he said.

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