Business News Northeast - Latest Business Northeast News & Updates

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…

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…

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…

10 Apr

Streaming service Disney+ crosses 50 mln paid subscribers globally

editor0 CommentsBusiness, Entertainment, Lifestyle

Walt Disney Co said on Wednesday that Disney+ has attracted more than 50 million paid users, with 8 million of them coming from India where the video streaming service was rolled out last week. Rival Netflix Inc, which has services available in over 190 countries, has nearly 167 million paid subscribers globally as of its last reported quarter.

07 Apr

Family – A short film by Indian Superstars

editor0 CommentsBusiness, Entertainment, Health, Lifestyle, Technology

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…

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…

26 Mar

Drukair adds A320neo to its aircraft fleet

editor0 CommentsBusiness, Technology, 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,…

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.

23 Mar

Centre To Announce Bailout Package To Soften COVID-19 Blow

editor0 CommentsBusiness, Sikkim

The government is expected to announce economic package shortly amid high expectation of bailout by sectors hugely affected by coronavirus, sources told. Four days ago, during his address to the nation, Prime Minister Narendra Modi had announced the formation of a special task force headed by finance minister Nirmala Sitharaman. The COVID-19 Economic Response Task Force, he said, would take an overview of the situation and suggest the way ahead.Ms Sitharaman has already declared that the donations made towards fighting COVID-19 would be counted as "Corporate Social Responsibility".

Popular Video App MV Master Sees Massive User Growth in India

21 Mar