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Business News Northeast. Read all the Latest Business News from Northeast India. Breaking News Today from North East India.

The RBI cut its reverse repo rate by 25 basis points
17 Apr

The RBI cut its reverse repo rate by 25 basis points

editor0 CommentsBusiness
The Reserve Bank of India cut its key deposit rate for the second time in three weeks on Friday to discourage banks for parking idle funds with it and push them toward lending to revive the economy amid the coronavirus lockdown. The RBI cut its reverse repo rate by 25 basis points (bps) to 3.75 per cent with immediate effect, as said by governor Shaktikanta das through a video conference. The rate had already been cut by 90 bps on March 27.
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India Fast-Tracks COVID-19 Fighting Drug Supplies To UAE
16 Apr

India Fast-Tracks COVID-19 Fighting Drug Supplies To UAE

editor0 CommentsBusiness, Health
India is fast-tracking procedures to supply hydroxychloroquine, a drug considered to be efficient in fighting the coronavirus, to the UAE after a request from the country's government, media reports here quoted the Indian envoy as saying.India's Ambassador to the UAE Pavan Kapoor said there is a huge demand for the anti-malarial drug from many countries and India is considering it on a case to case basis."As the drug is on the restricted list, we are obviously giving exception to the UAE, given the friendly relations between the two countries," Khaleej Times quoted Kapoor as saying.
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Centre Sets Foodgrain Production Target At Record 298.3 Million Tons For 2020-21 Crop Year
16 Apr

Centre Sets Foodgrain Production Target At Record 298.3 Million Tons For 2020-21 Crop Year

editor0 CommentsBusiness, Lifestyle
The agriculture ministry aims to increase foodgrain production by 6.35 million tonnes to record 298.3 million tonnes in the 2020-21 crop year riding high on hopes of normal monsoon.The foodgrain output in the 2019-20 crop year (July-June) is estimated at an all-time high 291.95 million tonnes, as per the second advance estimates released by the ministry in February."IMD has forecast the June to September southwest monsoon rainfall over the country as a whole is likely to be normal. This augurs well for rain-fed kharif crops," Agriculture Commissioner SK Malhota said at a national level video conference organised to plan for…
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Pandemic could trigger social unrest in some countries: IMF
15 Apr

Pandemic could trigger social unrest in some countries: IMF

editor0 CommentsBusiness, Health, Lifestyle
New waves of social unrest could erupt in some countries if government measures to mitigate the coronavirus pandemic are seen as insufficient or unfairly favoring the wealthy, the IMF said in a new report on Wednesday. Governments had already spent nearly $8 trillion to combat the pandemic and mitigate the economic fallout, but more fiscal stimulus would be needed once the crisis abated, the global lender said in its semi-annual Fiscal Monitor. The spike in spending would sharply widen fiscal deficits, with global public debt set to rise 13 percentage points to more than 96% of gross domestic product in…
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SAARC officials discuss impact of COVID-19
10 Apr

SAARC officials discuss impact of COVID-19

editor0 CommentsBusiness, Health
As follow up action of the announcement made by the Indian Prime Minister Narendra Modi at the video conference of SAARC leaders on March 15, a video conference of senior trade officials of SAARC countries was held on Wednesday to discuss the impact of travel restrictions and the larger COVID-19 situation on intra-regional trade. Demonstrating keen shared interest and a problem-solving approach in the present challenging circumstances, all countries contributed actively to the discussions on a wide-ranging trade related agenda. “It was recognised in the conference that the COV- ID-19 pandemic is likely to have a considerable adverse impact on…
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Family – A short film by Indian Superstars
07 Apr

Family – A short film by Indian Superstars

editor0 CommentsBusiness, Entertainment, Health, Lifestyle, Tech Byte
The corona virus lockdown has impacted daily wage workers and the poor. Many NGOs, volunteers are helping the people who are in need in whatever way they can. Simultaneously, the virus has affected the film industry too. It's the cine workers who are struggling to make the ends meet and the respective industries have stepped up to help these people. But now the whole of Indian film industry has come together and a short film has been made with Superstars of Hindi, Telugu, Tamil, Malayalam, Kannada, Bengali and other languages. Well the short film starts with India's biggest star Amitabh…
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Tata Group commits ₹1,500 crore to fight Covid-19
28 Mar

Tata Group commits ₹1,500 crore to fight Covid-19

editor0 CommentsAssam, Business, Health, Lifestyle
The Tata Group--Tata Trusts and Tata Sons-- is the latest to join the fight against coronavirus and will together donate ₹1,500 crore towards coronavirus relief fund, chairman Ratan Tata announced in an Instagram post on Saturday. The funds will be utilized for providing protective equipment to medical personnel, respiratory systems for treating increasing cases, testing kits to ramp up testing in the country and setting up treatment facilities for those who have already caught the virus. The group has also said that it will train health workers and the general public to empower them against coronavirus. “Urgent emergency resources need to…
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Drukair adds A320neo to its aircraft fleet
26 Mar

Drukair adds A320neo to its aircraft fleet

editor0 CommentsBusiness, Tech Byte, Travel
Drukair, Bhutan’s national carrier has taken delivery of its first A320neo, adding to its fleet an aircraft known worldwide for its low operating costs and excellent fuel efficiency. With this, Drukair has become the world’s latest A320neo customer. The current aircraft fleet of Drukair comprises three A319s and one ATR 42-600. Powered by CFM LEAP-1A engines, Drukair’sA320neo features large, fuel-saving wingtip devices known as Sharklets. The aircraft will feature a 2-class cabin layout with 140 seats, reflecting the latest trends in air travel industry, offering passengers greater level of comfort and an enhanced travel experience. Tandi Wangchuk, Chief Operating Officer,…
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Nestle CEO’s Staff Memo: “Get Ready For Storm To Hit, Hit It Will
23 Mar

Nestle CEO’s Staff Memo: “Get Ready For Storm To Hit, Hit It Will

editor0 CommentsBusiness
Food giant Nestle told employees to prepare for difficult times ahead and make all the necessary efforts to supply customers with the food and beverages they need, Chief Executive Mark Schneider said in a memorandum seen by Reuters."This is the moment for extra effort, for going the extra mile," Schneider said in a message to staff, distributed internally on Friday."Please get ready for the storm to hit - because hit it will," Schneider added.
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