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Raising revenues becoming a major challenge for the govt

While the Centre is mulling a ‘Covid Cess’, some States are clamouring for payment of their GST dues




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Karnataka gets nod from 6 States to operate Shramik trains

Asks pubs, clubs and hotels to clear existing liquor stock by May 17




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Pandemic deepens Indo-Pak fault lines

Even though the recent e-meeting of SAARC nations was on Covid, it didn’t stop Pakistan from raising the Kashmir and CAA issues




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Covid-19: BJP asks Rahul to study facts before criticising Modi

Reacting to former Congress president Rahul Gandhi’s statement urging Prime Minister Narendra Modi to hold more discussions with State Chief Minister




o

Lessons from the Vizag industrial accident

The LG Polymers accident raises issues of culpability and industrial planning




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Govt borrowing in FY21 to jump to Rs 12 lakh crore from Rs 7.80 lakh crore projected earlier

The Government’s estimated gross market borrowing in the financial year 2020-21 will jump to ₹12 lakh crore against ₹7.80 lakh crore estimated in the



  • Money & Banking

o

Global cues lift soya oil

Soya oil at the mandis in Indore edged up on strong global cues with soya refined (Ruchi) being quoted at ₹802 for 10 kg, soya refined (Neemuch) at ₹7




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Coonoor tea auction Q1 earnings fall over 28%

Earnings from the Coonoor Tea Trade Association (CTTA) auctions in the first quarter (Q1) of current calendar have fallen by 28.17 per cent over the




o

Karnataka Opposition demands Centre to announce special economic package

Opposition parties in Karnataka demanded that Chief Minister BS Yediyurappa should push for a ₹50,000 crore special economic package from the Centre.S




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Madras High Court orders closure of Tasmac liquor shops

The Madras High Court has ordered all State-run Tasmac liquor shops to be shut down till lockdown on May 17. However, online sales and home delivery h




o

Letters to the editor dated May 8, 2020

Sovereign gold bondsThis is with reference to the editorial ‘Bonding with gold’ (May 8). The falling demand for gold is also due to people’s craze for




o

Opposition protests dilution of labour laws; writes to President

Opposition party leaders of seven parties, such as Sitaram Yechury, D Raja, Manoj Jha and Thol Thirumavalavan, have written to President Ramnath Kovi




o

Now, even small grocers can take to e-comm platform

Why only big e-commerce companies have the luxury of having very expensive IT solution to run their businesses? A Hyderbad-based startup, ONGO Framew




o

For victims of the Delhi riots in Feb, lockdown is a double whammy

Arvind Kejriwal is perceived to have betrayed them in North East Delhi where communal violence and Covid-19 has pushed residents into poverty and hunger




o

Home appliance retailers in TN seek government permission to reopen shops

Top retailers have sought Tamil Nadu Chief Minister Edappadi K Palaniswami’s intervention to allow them to restart operations.“We request you to allo




o

An ‘El Nino’ in Indian Ocean by 2050?

But Indian scientists studying monsoon pick holes in the US study




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Centre to borrow ₹4.20-lakh crore more; fiscal deficit may widen to 5.4%

The government on Friday announced raising its borrowing by over 50 per cent of Budget Estimate during the current fiscal. Additional borrowing means




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Telangana sees reverse flow of migrant workers from Bihar

Hiring labourers from Bihar for paddy milling work




o

Non-basmati exports may rebound as India attracts new customers

Malaysia, Philippines show interest; weak rupee makes country competitive




o

Pharma exports up 7.57% at $20.5 b in FY20

The country’s pharmaceutical exports increased 7.57 per cent in the financial year ended March 31, at $20.58 billion, against $19.13 billion in the




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Godrej Interio to launch affordable furniture range

With an increasingly large share of the Indian workforce working from home (WFH) amid the lockdown, and with the trend expected to continue for the n




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14 more Telangana districts gets ‘Green’ tag

10 more Covid-19 cases today; 34 discharged




o

Unions up in arms as State govts dilute labour laws via ordinances

Say laws are amended to woo firms looking to leave China; fear exploitation of workers




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SECI tender gets bids to supply round the clock renewable power at ₹ 2.90 a unit

Solar Energy Corporation of India (SECI) Limited has received bids from project developers to supply round the clock power from renewable energy (RE)




o

Virtual museum touring will be possible with Google 3D objects

Tech giant Google is set to add more 3D objects viewable right from the search results page on mobile, including Neil Armstrong’s spacesuit and anatom




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Tax relief to stranded NRIs, prolonged stay in India due to lockdown to be discounted

The Finance Ministry on Friday allowed discounting of prolonged stay period in India for the purpose of determining residency status from the taxation




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Milaap crowdsources Rs 90 cr to help migrant workers

Milaap, considered as South Asia’s largest online crowdfunding platform, has collected nearly Rs 90 crore which will be used to help stranded migrant




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Google will soon let users make group calls in Google Duo on Chrome

Google will soon enable group calls for the web version of its chat app, Google Duo, the search giant said on Friday. “In the coming weeks, you'll be




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Facebook to roll out revamped website for all desktop users in coming weeks

Social media site Facebook announced on Friday that it is set to roll out its redesigned desktop website to all its users over the next few weeks. It




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May ask for Central `manpower’ to give rest to police personnel: Uddhav

Maharashtra Chief Minister, Uddhav Thackeray on Friday said that State Government could ask the Centre for additional manpower for policing as the Mah




o

Windows 10 May 2020 update likely to release between May 26-28

Microsoft has revealed that it plans to deliver a feature update (May 2020 Update) between May 26 and May 28, said a report in Windows Latest.Microsof




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E-healthcare platform Medlife goes multilingual to deepen its reach

The company will soon integrate Tamil, Telugu, Bengali, Malayalam, Kannada, Marathi, and Gujarati




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Wuhan market had a role to play in coronavirus outbreak, more research required: WHO

The World Health Organization on Friday said that a wholesale market in Wuhan, China had played a role in the outbreak of the novel coronavirus in 201




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Japan asks India to allow Japanese companies to resume work

Japan has asked India to allow Japanese companies to resume their work in India. This comes as India witnessed a surge in the number of coronavirus pa




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Hyundai restarts Chennai plant, rolls out 200 cars on Day 1

Hyundai Motor India Ltd on Saturday said its factory near Chennai rolled-out 200 cars on the first day of production restart on May 8. The company ha




o

CEO’s reading list: May 9

It was an action-packed week for the economy, as the government and businesses began to map out the way ahead. Catch up on BL’s key stories on the sub




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Here’s all you need to know about the Zoom app’s new update releasing today

Video-conferencing tool Zoom is releasing an update for its app today as part of its 90-day plan to enhance the tool’s security.In this new update, th




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Vande Bharat Mission: Planes carrying Indians stranded abroad arrive in Chennai

As many as 359 people arrived in Chennai early on Saturday from Dubai in two Air India flights as part of the government’s Vande Bharat Mission to br




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Trump casts doubt on future of US-China trade deal

US President Donald Trump cast doubt on the future of his Phase-1 trade deal with China, one of the biggest accomplishments of his first term, saying




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WhatsApp may soon allow users to use one account on multiple devices

Facebook-owned messaging service WhatsApp is currently working on a feature that will allow users to connect their WhatsApp account to multiple devic




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There will be no delay in cotton seed distribution, says Maharashtra Agriculture Minister

In Maharashtra, there are enough supplies of cottonseed and there would no delay in seed disbursal to the farmers. Large-scale retail sales of the se




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FM to review credit flow by PSBs on May 11

On Monday(May 11), Finance Minister Nirmala Sitharaman will hold a meeting with chief executives of Public Sector banks ( PSBs) and Chairman of State



  • Money & Banking

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Spykar Lifestyles plans ‘forward’ for the period after the lockdown as spending has been hit

Homegrown denim-wear brand, Spykar, will look to conserve cash; while temporarily putting on hold expansion plans as it looks at the business re-boot




o

After Samsung, Vivo and Oppo, Lava resumes production at Noida factory

Smartphone maker Lava has resumed production at its Noida factory after receiving permission from authorities to begin limited operations, the company




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4 Ed-Tech platforms elevating online learning amidst Covid-19

The global pandemic has resulted in schools being shut for nearly 3 months with no reopening in sight. The students in certain grades were promoted to




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ICICI Bank’s mobile ATM services at doorstep of Coimbatore residents

Mobile ATM stationed at Perianaickenpalayam and Vadavalli



  • Money & Banking

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Hacker ‘bombed’ child sexual abuse images on Zoom app

At least sixty children were subjected to footage of child sexual abuse streamed into their fitness session on the Zoom video conference app. The clas




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Tasmac shop closure: Tamil Nadu moves SC against Madras HC’s order

The Tamil Nadu government moved the Supreme Court challenging a Madras High Court order for closure of state-run liquor outlets on Saturday on the gro




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Death toll due to Covid-19 rises to 1,981; cases climb to 59,662

The death toll due to Covid-19 rose to 1,981 and the number of cases climbed to 59,662 in the country on Saturday, registering an increase of 95 death




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Karnataka AAR ruling: While head tonsuring attracts GST, temple prasadam out of its ambit

Authority for Advance Rulings (AAR) of Karnataka in its recent ruling mentioned that services for fees collection for tonsuring the heads of devotees,