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Coronavirus impact: EU forecasts ‘recession of historic proportions’ this year

The 27-nation EU economy is predicted to contract by 7.5 per cent this year, before growing by about 6 per cent in 2021.




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Govt allows hand sanitizer exports but not the coronavirus killer

Even as various companies such as Tata Chemicals and NIVEA India have come forward to make hand sanitizers, the government does not want to take a risk by allowing the companies to export the product.




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Government working on a package of structural reforms for sunrise sectors: Niti Aayog CEO Amitabh Kant

In an interactive online session organised by All India Management Association (AIMA) on post-COVID-19 scenario for Indian economy, he listed healthcare, education, mobility, genomics, AI, 5G network, fintech and manufacturing as high priority areas for rapid and radical structural reforms.




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Chinese adherence to trade deal report in a week or two, says Donald Trump

"I will be able to report on that at the end of next week," he told reporters at the White House, when asked if China is fulfilling its obligations as detailed out in Phase I of the trade deal signed between the two countries in January.




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Modi’s petrol, diesel excise duty bazooka has no firepower; won’t save govt’s dwindling tax revenue

The government’s surprise move to increase excise duty and cess on petrol and diesel may not help the exchequer in raising tax revenues by much.




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Bank of England: UK economy to shrink by most since 1706

It noted that the timeliest indicators of UK demand have stabilised in recent weeks, albeit at very low levels, after unprecedented falls during late March and early April.




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Labour reforms finally coming to India: Shivraj Chouhan liberates industry, after agri privatisation

In a major announcement today, Madhya Pradesh CM Shivraj Singh Chouhan has proclaimed that new registration and license for companies, shops, etc, in MP will be done in one day, compared to 30 days.




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India moves big labour law changes to limit coronavirus impact; UP, MP, Punjab, others make these changes

The latest move by the UP government has exempted businesses from the purview of almost all the labour laws for the next three years.




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Petrol, diesel excise duty hike: Consumers won’t lose, oil companies won’t lose much

Despite an increase in taxes on petrol and diesel, oil companies are still earning net marketing margins to the extent of Rs 4 per litre, which is above the normal level.




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Moody’s pegs India’s FY21 GDP growth at 0%, says risk of slower economic growth rising

Moody's said high government debt, weak social and physical infrastructure, and a fragile financial sector face further pressures due to the coronavirus outbreak.




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Record excise duty hike on petrol, diesel unlikely to boost economic growth, help bridge fiscal gap, warns report

The record excise duty hike on petrol and diesel will not help the government bridge the fiscal gap as planned, nor will it help boost economic growth as consumption demand will further be crippled, warns a report. Despite crude prices trading at a two decades low, the government had earlier this week hiked excise duty […]




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Are India’s labour law reforms only a gift for factories, or will workers benefit too?

The new labour reforms will promote ease of doing business in the state. however, it is crucial that companies safeguard the interests and wellbeing of the labourers.




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Coronavirus pushes govt to increase borrowing by half; here’s how much centre will borrow this year

The government has decided to borrow Rs 12 lakh cr in the current fiscal, compared to Rs 7.8 lakh cr earlier. 




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Twenty states getting ready for launch of ration card portability from June 1: Ram Vilas Paswan

Food Secretary Sudhanshu Pandey said already intra-state ration card portability is being used, but the transactions are not significant.




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Covid fallout: US unemployment rate jumps to 14.7 per cent as economy loses 20.5 million jobs

Total non-farm payroll employment fell by 20.5 million in April, and the unemployment rate rose to 14.7 per cent, the US Bureau of Labor Statistics reported Friday.




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New Rules for Hong Kong work Visas

The Hong Kong Immigration Department has made it clear that it is currently refusing applications/application visa renewals from Indian workers and other foreign immigrants who have changed their contracts too much without any legitimate reason.In a…




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Mainland parents facing strain with Hong Kong citizenship

Mainland professionals and middle class residents have found that a decision that was intended to make their life easier may well have backfired on them. Historically, many mainland couples have taken a trip to Hong Kong to have their children, due to…




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Hong Kong man arrested for human trafficking

A recent incident where a Hong Kong citizen forced his maid to travel abroad with him has opened up a wide discussion on the issue of human trafficking. The outcome of the incident has seen a rather curious scenario develop, wherein Hong Kong holidaymakers…




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Hong Kong announces the first phase of visa sanctions for Philippines

Hong Kong announces the first phase of visa sanctions for PhilippinesAmbassadorial passport holders and the government officials of Philippines will not be able to visit Hong Kong without a visa effective February 5, 2014. This was announced by the Hong…




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Will Hong Kong manage the Tourist overload?

The Hong Kong Tourism Commission has confessed that hundred million people will be visiting the city every year by 2023 which is almost twice the current amount.In January, Gregory So Kam-leung, the Secretary for Economic and Commerce Development, produced…




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Hong Kong proposes Tax on Mainland China's visitors

Leung Chun-Ying, Hong Kong's Chief Executive, has opposed the plan to impose an entry tax for the foreigners who are entering the territories by land.Two democratic parties of Hong Kong had proposed US$ 13 tax to restrict the inflow of mainland tourists.There…




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Hong Kong"s resident confirmed as having been there on the missing plane

On Sunday, 09th March, 2014, Hong Kong’s immigration department has confirmed that a resident of Hong Kong was on the Beijing-bound flight MH370, which was a Boeing 777-200, which went missing.Additionally, the department provided the passenger’s…




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Hong Kong airport identifies 1,181 forged travel documents over past 3 years

On 09th, April 2014, Hong Kong's city government has said that around 1,181 travel documents have been identified as forged at the International Airport of Hong Kong over the previous 3 years.Lai Tung kwok, Hong Kong's Secretary for Security has said…




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Hong Kong"s immigration department announces the introduction of Voice-navigated e-Channels

Effective 16th April, 2014, the Immigration Department of Hong Kong has announced that e-channels provided with voice navigation function would be working at the Macau Ferry Terminal (MFT) point of control, intended to assist visually impaired persons…




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Hong Kong prepares itself for the anticipated heavy rush of passengers during the festive season

The Hong Kong Special Administrative Region ‘s (HKSASR’s) is estimating that about 4.89 million travelers will transit through its air,  sea and land control points during the coming Labour Day and Buddha's Birthday festival season (from May…




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Hong Kong, Germany sign MOU on usage of automated clearance service

Hong Kong and Federal Republic of Germany have signed a Memorandum of Understanding (MOU) concerned with the automated clearance service usage on a shared basis. The MOU is considered as a new milestone in the collaboration between the countries in immigration…




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Hong Kong announces visa requirement for Central African Republic nationals

Hong Kong’s immigration department has announced that Central African Republic nationals will have to acquire a visa to enter Hong Kong for any purpose of visit with effect from 21 July 2014.  From the beginning, Hong Kong has followed a progressive…




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Rise in quota of Hong Kong - Germany Working Holiday Scheme

The Hong Kong Special Administrative Region Government has decided to work with the Government of Germany to additionally increase the yearly quota from 150 to 300 under Hong Kong Working Holiday Scheme for Germany. Germany has grown popular as…




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Hong Kong executes automated clearance services mutually with Germany

Hong Kong and Germany will execute the service of automated clearance mutually.Effective 01 September 2014, people with HKSAR (Hong Kong Special Administrative Region) electronic passport will be authorized to get register for the automated service of…




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E-Channel facility for Singaporeans entering Hong Kong

The Immigration and Checkpoints Authority (ICA) of Singapore announced that Singaporeans whose age is 11 or above will be able to clear immigration at faster pace in Hong Kong.Individuals holding Singapore passports and have traveled Hong Kong for at…




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Hong Kong visa is essential for the nationals of the Republic of Yemen

The Department of Immigration has announced on September 22 that the nationals of the Republic of Yemen need to attain a visa to enter Hong Kong, including the transit passengers from September 29th.In the present scenario, the nationals of the Republic…




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Hong Kong to roll out pilot scheme for luring talent

The Hong Kong immigration department rolls out a new talent admission pilot proposal for second-generation Hongkongers on 04 May 2015, along with the improved versions of numerous programs that are presently in place to attract overseas nationals.Individuals…




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Hong Kong Agreement to double 2015 Quotas with the French Government

Under the scheme from 200 to 400, the Hong Kong Special Administrative Region (HKSAR) government has agreed with the French government to increase the 2015 quota with the view by Working Holiday Scheme (WHS) of enthusiastic response to Hong Kong or France. The…




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Hong Kong Drops plan to scrap visa free entry to Indians

After the representation for businesses and tourism from Indian officials as a move could be seriously jeopardized, the governments of Hong Kong drops plan to scrap visa free entry for Indians. Scrapping programme for Indians was considering the former…




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Hong Kong doubles the working visa quota for Irish nationals

The government of Hong Kong has agreed and decided to double the number of work visas for the citizens of Ireland from next year on wards.With this announcement, a total number of eligible people for the scheme of working holiday of Hong Kong and Ireland…




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Hong Kong seeks foreign talent as its working population shrinks

The Government of Hong Kong is increasing its efforts to attract foreign talent, including the mainland China’s professionals, as working population of the city is supposed to get shrink in the year 2018.The Immigration Director, Chan Kwok-ki said…




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Why should you settle in Hong Kong?

As I sit down to write this article, the first thing that comes to my mind is “Why Hong Kong”? Why would anyone want to settle down for a Country like Hong Kong rather than going to Countries like Canada or Australia or for that matter Denmark, which…




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Hong Kong is witnessing increase in number of tourists

Number of tourists visiting Hong Kong has been increased with around 2,54,000 visitors in the country with an increase of 9%.According to the Immigration Department, the current golden week holiday has witnessed strong development in the number of tourists…




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Audit of Central Bank to include all its transactions: Nehme

The audit of Lebanon's central bank accounts announced last month will include every transaction at the bank, Economy Minister Raoul Nehme said in an interview published on Sunday.




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The face time look: How to make your videoconferencing call flawless

Shabby background, sloppy attire, children barging in, pets screeching... There are many things that can go wrong in your videoconferencing call. So how do you retain some semblance of order without making any faux pas?




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After lockdown 3.0, more or end? Another lockdown will lead to a complete collapse of economy that is already tottering

The colour-zoning of India (red, orange and green) and the limited relaxations with several caveats have not helped re-start economic activity.




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Open up with apps: From sexual health, addictions to depression, help is just a click away

Apps today are opening up channels of communication on several ‘uncomfortable’ topics. From sexual health and addictions to depression and mood tracking, help is just a click away.




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From Jethalal in Taarak Mehta Ka Ooltah Chashmah to Arthur in Joker, Flawed & fabulous characters connect with people

They may not be pretty, smart or successful, but they strike a note. Why is it that some of the most lovable characters in popular culture have been far from perfect, flawed even?




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‘Project restart’: Pros and cons

In Germany, Chancellor Angela Merkel has given the go-ahead to Bundesliga’s resumption, in the second half of this month, ending a two-month suspension caused by the coronavirus pandemic.




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Chennai NCLT slaps insolvency notice on Eason

The Chennai bench of the National Company Law Tribunal (NCLT) has ordered initiation of the corporate insolvency resolution process (CIRP) against power management products, systems and services company Eason Reyrolle.




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Put Electricity Act amendments on hold: Tamil Nadu tells Centre

In a letter to the PM, Tamil Nadu chief minister Edappadi K Palaniswamy said any hasty amendments to the Electricity Act might create hardship to state power utilities.




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Tamil Nadu forms panel under ex-RBI Guv Rangarajan to advise measures to bring economy back on track

The committee will include industry veterans like Venu Srinivasan, chairman, TVS motor company, N Srinivasan, vice-chairman & MD, India cements and A Vellayan, former chairman of Murugappa group.




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Migrant row: TMC dares Amit Shah to prove allegations, BJP says WB govt bothered about one community

The state BJP unit claimed the West Bengal government is only interested in bringing back people from a "particular community".




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Tesla CEO Elon Musk threatens to exit California over virus restrictions

On Twitter, Musk also threatened to sue over Alameda County Health Department coronavirus restrictions that have stopped Tesla from restarting production its factory in Fremont south of San Francisco.




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COVID-19: Barack Obama lashes out at Donald Trump in call with supporters

Obama also reacted to the Justice Department dropping its criminal case against Trump's first national security adviser, Michael Flynn, saying he worried that the basic understanding of rule of law is at risk.