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Indian

India needs $8 trn new greenfield assets to be $5 trn economy by FY27: Report

The report by Deloitte said despite the COVID-19 disruption, FDI inflow into the country provides necessary optimism and display underlying strengths of the Indian economy.

In FY2020-21, FDI inflows (including equity, re-invested earnings, and capital) amounted to a record USD 81.72 billion, 10 per cent higher than the previous financial year, it said.

Madras HC quashes order increasing speed limit to 120 kmph on highways

The present bench observed that though there was a better engine technology and improved road infrastructure, there was no improvement in compliance of the road safety rules by the motorists.
From the report released by the Ministry of Road Transport and Highways, the number of deaths taking place on roads would prove that more accidents were occurring due to over speeding.

When over speeding was a major cause for road accidents, it is not known as to how the improvement in road infrastructure and engine technology would reduce accidents. In fact, better engine technology would always be a reason for uncontrolled speed and thereby, cause more accidents, the bench said.

International

Federal officials reach deal on $2 trillion aid package

The unprecedented economic rescue package would give direct payments to most Americans, expand unemployment benefits and provide a USD 367 billion program for small businesses to keep making payroll while workers are forced to stay home.

Amid worsening pandemic, Trump pushes to re-open U.S. for business by Easter

The president said the country did not take drastic measures to fight car crashes and flu deaths similar to those it is taking for the coronavirus. He said Americans could continue practicing social-distancing measures, which health experts say are crucial to prevent infection, while also going back to work.

“We lose thousands and thousands of people a year to the flu. We don’t turn the country off,” Trump said. “You can destroy a country this way by closing it down.”

One third of humanity under virus lockdown

China, where the new virus emerged last year, loosened tough rules on the 50 million people in Hubei province on Wednesday after a months-long lockdown as the country reported no new domestic cases.

The provincial capital Wuhan — the ground zero of the outbreak after it was initially detected at a market that sold wild animals for human consumption — will allow residents to leave from April 8.

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