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10 May

India begins transporting essential commodities to Bangladesh by railways

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India began transporting essential commodities by railways, weeks after bilateral trade was hampered due to the coronavirus pandemic. "To ensure the supply of essential commodities to Bangladesh, measures have been taken to transport the essential commodities through the existing rail links between India and Bangladesh," said the Indian High Commission in a press statement today. The first freight train loaded with onions was handed over by Indian Railways to Bangladesh Railways at the Gede (India) - Darsana (Bangladesh) interchange point on May 9, 2020, it added. After customs clearance, the train consisting of 42 covered wagons loaded with onions will…

10 May

In Japan, world’s longest-running TV cartoon show switches to re-runs as coronavirus halts production

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Millions of Japanese viewers of the world’s longest-running animated cartoon TV show will have to make do with re-runs from next week after the coronavirus pandemic disrupted production, Fuji Television Network said on Sunday. Aired every Sunday since 1969, the “Sazae-san” show features the everyday ups and downs of suburban Japanese housewife Sazae and her extended family, is a household name for many generations. It can still attract around 10% of the viewing audience, according to some estimates, for its 30-minute slot at 6.30 pm on Sundays. (Japanese website http://www.sazaesan.jp/) The show, adapted from four-frame comic strips by late author…

05 May

Price Hike Doesn’t Stop Delhi Liquor Buyers.

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Hundreds of people lined up outside liquor shops in Delhi today, for the second consecutive day, after they re-opened following a nearly 40-day dry spell because of the coronavirus lockdown. Despite a 70 per cent increase in liquor prices in the capital, large crowds, of mostly men, were seen in snaking queues or jostling restlessly from before sunrise, without following social distancing guidelines.In some places, the police used lathis to control the crowds. A man outside a liquor shop in east Delhi's Krishna Nagar, where the cops lathi-charged the people in the mile-long queues, said he had been waiting outside…

05 May

India Is Developing A Land Pool Nearly Double The Size Of Luxembourg To Lure Businesses Moving Out Of China.

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India is developing a land pool nearly double the size of Luxembourg to lure businesses moving out of China, according to people with knowledge of the matter.A total area of 461,589 hectares has been identified across the country for the purpose, the people said, asking not to be identified because they aren't authorized to speak to the media. That includes 115,131 hectares of existing industrial land in states such as Gujarat, Maharashtra, Tamil Nadu and Andhra Pradesh, they said. Luxembourg is spread across 243,000 hectares, according to the World Bank.Land has been one of the biggest impediments for companies looking…

03 May

Maharashtra Has Allowed Standalone Liquor Shops In High-Risk Red Zones Outside Containment Areas.

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Days after the centre released guidelines for the coronavirus lockdown's third phase, Maharashtra, the worst-hit state in the country, has allowed standalone liquor shops in high-risk Red zones outside containment areas."Even in the Red zone districts, there are some areas where coronavirus infection has been not prevalent since over a month now. These areas are known as non-containment zones," Bhushan Gagrani, Maharashtra Principal Secretary, told reporters."Such non-containment areas will have some relaxations, wherein the shops selling non-essential commodities, like clothes, footwear, liquor, stationery, among others will be opened," he added.

02 May

RBI Chief Talks With The Heads Of Banks Comes A Day After The Government Extended A 40-Day Nationwide Lockdown.

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Reserve Bank of India (RBI) Governor Shaktikanta Das held meetings with heads of major public and private sector lenders through video conferencing on Saturday and discussed the current economic situation in the country. The RBI chief's talks with the heads of banks comes a day after the government extended a 40-day nationwide lockdown to curb the spread of the coronavirus (COVID-19) pandemic.Mr Das praised the efforts of banks "in ensuring normal to near normal operations" during the coronavirus-induced lockdown.The RBI chief also discussed the credit flows to different sectors of the economy, including non-banking financial companies (NBFCs), microfinance institutions, housing…

02 May

The Delhi Government Has Started The Process Of Allowing Standalone Liquor Shops To Reopen.

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The Delhi government has started the process of allowing standalone liquor shops to reopen in the national capital, a coronavirus "red zone", from May 3 after the centre extended the lockdown by two more weeks.The Home Ministry has said that except in containment areas, standalone liquor shops can open in all zones, including "green", where there are no coronavirus cases, and medium-risk "orange" areas.The Delhi government has asked all liquor shops run by its departments such as DTTDC, the tourism wing of the national capital, to give details about standalone shops that are eligible to reopen.

01 May

Six States Have Passed Laws Extending Working Hours From The Currently Mandated 8 Hours Per Day To 12 Hours Per Day.

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As the second stage of the coronavirus lockdown is scheduled to end, millions of workers face the prospect of returning to longer working hours. At last count, at least six states have passed laws extending working hours from the currently mandated 8 hours per day to 12 hours per day.The aim, say the governments, is to ensure that companies can operate with fewer workers and reduce the number of shifts, while meeting targets.The Rajasthan government, which passed the notification on April 11 extending working hours for three months, says this would allow firms to run operations for six days with…

30 Apr

India’s Reliance Industries Has Cut The Pay Of Employees By Up To 50 Per Cent.

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Reliance Industries has cut the pay of employees by up to 50 per cent, according to a company letter, as it battles lower profitability in wake of the coronavirus epidemic. The pay cuts were cited in a company note to employees dated April 29.Reliance Industries, headed by India's richest man, Mukesh Ambani, has decided that employees earning more than Rs 15 lakh ($20,000) a year will face a 10 per cent salary cut, while senior executives will take salary cuts ranging from 30 per cent to 50 per cent. Employees earning less than Rs 15 lakh per annum will not…

26 Apr

A Prolonged Lockdown May Possibly Push Million Of Indians Into The “Margins Of Subsistence”, Says Former RBI Governor.

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Former RBI Governor Duvvuri Subbarao said on Sunday that, a prolonged lockdown may possibly push million of Indians into the "margins of subsistence", while expecting a ''V'' curved recovery once the COVID-19 crisis ends and the turnaround in India to be faster than some economies. He was participating in a webinar on "History repeats - but differently- Lessons for the post Corona World," organised by the Manthan Foundation here, in which former Deputy Governor of RBI Usha Thorat took part."Because most analysts believe that this year India will actually have negative growth or growth will contract. We must remember that…