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Hike MSP, levy cess on sugar: NITI task force

The report of the panel on sugarcane and sugar industry, headed by NITI Aayog member Ramesh Chand, was submitted on April 21.




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Vista Equity Partners to invest Rs 11,367 crore in Jio Platforms

The rise in Jio’s ARPU (average revenue per user) during Q4FY20 was lacklustre, analysts said despite the fairly sharp 14-53% hike in tariffs in early December.




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Net inflows into equity MFs halve in April compared to March, as investors turn cautious

Industry experts say that lump-sum investments have stopped and even some investors are stopping their SIPs, due to the unpredictable equity markets.




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States’ tax revenue slipped even before COVID-19 outbreak

Even though data for February is not yet available, in the first 10 months of FY20, Maharshtra reported just 3.8% growth in tax revenues while Tamil Nadu's tax receipts in the period grew by an even lower 1.5%.




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Industries want suspension of most labour laws for 3 years

Earlier in the week, Uttar Pradesh promulgated an ordinance to exempt industries from various labour laws for three years to revive economic activities.




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Indian exchanges aim to attract overseas rupee trading volumes onshore

Finance minister Nirmala Sitharaman inaugurated the rupee-dollar derivatives trading on the two exchanges on Friday.




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FY21 borrowing target raised by a massive 54%

Announcing the revised calendar, the government said all the auctions covered by the calendar will have the facility of non-competitive bidding scheme, under which 5% of the notified amount will be reserved for the specified retail investors.




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FM Nirmala Sitharaman to meet PSB chiefs on Monday; to review credit flow, support to NBFCs

The meeting, to be held via video conference, will also dwell on credit disbursement since March, with the focus on Covid-19-related credit sanction and offtake.




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Analyst Corner: Jindal Steel & Power Rating ‘buy’ – Volume uptick in April beat sector trend

Company faring better than peers on operational front due to its focus on exports; lower costs to aid margin; ‘Buy’ maintained.




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IBM AI – Watson’s role must be expanded to data analysis and forecasting trends

ICMR, at present, is only using Watson for backend reporting, but it also needs to deploy it for data analysis and forecasting trends.




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Making sense of the new FDI norms

The recent revisions made to the FDI policy need more clarity for the benefit of investors and companies that are getting lost in its ambiguity.




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Oil in turmoil: Need to ensure that our oil sector continues to contribute to national economy

Building the infrastructure for a low carbon future will require oil. While a long term decline for oil’s central place in energy use seems inevitable, we need to ensure that our oil sector continues to contribute to the national economy




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Pharma exports fail to meet FY20 target due to curbs

Drug formulations and biologicals, which contribute to almost 72% of exports, have shown 9.5% growth in FY20. However, export of bulk drugs and drug intermediates posted negative growth.




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Bharat Biotech to lead monoclonal antibodies project for Covid-19 therapy

This project brings together National Centre for Cell Science (NCCS), Pune; Indian Institute of Technology, Indore, and Gurgaon-based PredOmix Technologies in a collaborative mode for a public health emergency.




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Got drug controller nod for Favipiravir’s clinical trial on COVID-19 patients: CSIR DG

The CSIR has already tied up with Cadila Pharmaceuticals Ltd to evaluate Mycobacterium W (Mw) for faster recovery of hospitalised COVID-19 patients and minimise the spread of disease.




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Five more test positive for COVID-19, total tally in Assam reaches 58

GMCH has been closed for new patients and 386 people, including its Superintendent Dr R Talukdar, doctors, students and several grade three and four workers, have been quarantined.




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Mukesh Ambani in no mood to rest; trying to get more investors for Jio, talks on with rich Saudi wealth fund

Saudi Arabia’s $320 billion sovereign wealth fund is exploring a potential investment in Reliance Industries Ltd.’s digital unit.




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Time spent on smartphones rose 16% during April 25- May 1, 2020: BARC-Nielsen report

Social networking, gaming and education apps recorded the highest growth




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Record single-day spike of 21 cases push Jharkhand COVID-19 tally to 153

Since the outbreak of the pandemic on March 31 in the state, two persons have died of the infection while one COVID-19 patient died due to underlying health condition after testing negative.




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AIIMS director rushes to Gujarat after sharp rise in COVID-19 cases, fatalities

Following directions from the Centre, Dr Guleria, who is a pulmonologist, and Dr Manish Soneja from the AIIMS department of medicine left for Ahmedabad.




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COVID-19 recovery: Govt issues new guidelines for discharging patients; check details

The Ministry of Health and Family Welfare has come up with some revised guidelines for discharging patients from healthcare facilities.




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COVID-19: Legislation introduced in Congress to give Green Card to 40,000 foreign nurses, doctors

The American Hospital Association (AHA) and the American Organization for Nursing Leadership (AONL) said there has never been a more urgent need for the care that foreign-born physicians and foreign-trained nurses provide than during the current COVID-19 pandemic.




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Stranded in lockdown? Modi govt brings this change in residential status for tax purposes

The nationwide lockdown suspended the operation of international flights and such people were had to prolong their stay in India. They were concerned that the extra stay due to lockdown may make them a resident of India for tax purposes under section 6 of the Act.




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Only severe COVID-19 patients to be tested before discharge: Union health ministry

At the time of discharge, patient will be advised to follow home isolation for further seen days as per the prescribed guidelines.




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Rs 411 crore loan fraud: After defaulters flee India, SBI complains to CBI

The Central Bureau of Investigation (CBI) did not carry out any searches in the matter because of the coronavirus-induced lockdown.




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Why do migrant workers who left for their homes want to return to Haryana?

Amidst Coronavirus breakdown, a reverse trend of people wanting to get back to work has been noticed in Haryana.




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Crisis not going away soon; IMF says, new incoming economic data worse than previous estimates

The International Monetary Fund said that the global economic outlook has worsened since its latest forecast three weeks ago and the world can expect more waves of financial-market turbulence.




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The importance of diversity in media

The broadcasters have a vital role to positively help shape the minds of future generations, by providing the diverse-rich content




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5-year-old boy dies from rare inflammatory illness linked to COVID-19 in US

Michael Gewitz, Physician-in-Chief of Maria Fareri Children's Hospital, where the boy passed away, said the child suffered "serious neurological complications" from the pediatric multi-symptom inflammatory syndrome.




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Covid-19: Armed Forces set up quarantine facilities for those returning from overseas

The Indian Navy has also set up a facility at Visakhapatnam, which too can take in 200 people with all the facilities available inside.




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Thane BJP corporators refuse to contribute to COVID-19 fund

In a letter to the Mayor, BJP leader Sanjay Waghule alleged that there was no transparency in the civic body's COVID-19 relief activities.




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ED attaches Rs 16.38 cr worth of Mumbai AJL asset; names Vora

It said the attached property is a 9-storey building in Mumbai having two basements and total built up area of 15,000 square metres.




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Who is paying the railway ticket price for migrant workers? Delhi, Bihar ministers spar

After the central government has permitted the operation of special trains to take migrants back to their hometowns, a debate on who will bear the cost has been going on.




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Vande Bharat Mission: Now a UV based luggage disinfector system from DRDO

The baggage undergoes a 180-degree vertical orientation change between 2 separate UV chambers which help in ensuring uniform radiation exposure all throughout the surface.




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Mother’s Day 2020: 4 smart tips for new moms to manage their money well

Here are some financial planning tips for new moms to help you get your finances on track for a worry-free future.




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Facebook now rolling out its biggest update for desktop users; here are all the features worth talking about

Social media giant Facebook is now rolling out its biggest update for desktop users, after first announcing it at its F8 developer conference last year.




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‘Disciplined’ northeast emerges as model of COVID-19 management: Jitendra Singh

He said within six years of the Modi government, the northeastern region has emerged as the model for development for the entire country.




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Telangana police to rollout AI-based system to check face mask norm violations

The state government, which has made wearing a mask mandatory in public places, on Thursday issued orders imposing Rs 1,000 as fine for those not complying with it.




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Good news on Coronavirus medicine! Study finds this antiviral drug combo promising against COVID-19

The researchers believe that a future phase 3 trial will confirm or refute the usefulness of this candidate drug as a backbone treatment for COVID-19.




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EPF withdrawal for COVID-19 online: Have Rs 2,00,000 in PF account? Check how much you can get

PF Advance Withdrawal for COVID-19: Are you running out of cash amid Coornavirus crisis and want to withdraw from Provident Fund account?




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COVID-19: Indian-origin woman faces charges for refusing to wear face mask in Singapore

The mall staff informed the police and when the officers requested to see her identity, she allegedly started peeling off the address sticker on her identity card.




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Coronavirus in Rajasthan: 76 fresh cases in state; total COVID-19 count reaches 3,655

Jaipur is the worst-hit Rajasthan district with a total of 1,165 case, including 54 deaths.




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Zoom had a ‘record’ April in India despite Government’s red flag over privacy

The MHA had issued an advisory for Zoom users in India in April, to safeguard their virtual meetings from prying eyes, deeming the video conferencing platform unsafe.




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Ajit Jogi, former Chhattisgarh CM, suffers cardiac arrest; critical

Former Chhattisgarh chief minister Ajit Jogi, 74, was admitted in a private hospital here on Saturday after he suffered a cardiac arrest, doctors said, adding that his condition is critical.




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ICICI Bank Q4 profit jumps 26% to Rs 1,221 crore; announces Rs 25,000 crore fundraising plan

Private sector lender ICICI Bank reported a 26% on-year jump in standalone profit for the quarter ended March 31. The bank saw total income in the March quarter surge by Rs 2,500 from the previous year.




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Preparing for CA exams? ICAI to commence mock test papers; check dates, schedule

Mock test paper for CA exams 2020: In the view of Coronavirus pandemic, the Board of Studies of ICAI will be commencing the Mock Test Papers (Series-1) online this month.




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Gujarat: Four held for spreading rumour about Amit Shah’s health

Four persons were detained by Ahmedabad police on Saturday for allegedly spreading misinformation about Union Home Minister Amit Shah's health by creating a fake Twitter account in his name.




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Vizag gas leak: Situation ‘normal’ says Andhra govt; DGP inspects plant amid protests

The Andhra Pradesh government on Saturday said the situation was "normal" in RR Venkatapuram village, where a styrene vapour leak from the LG Polymers plant claimed 12 lives and left over 300 people hospitalized with various ailments.




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Testing capacity for COVID-19 scaled up to 95,000 per day, says Health Minister Harsh Vardhan

The testing capacity for COVID-19 has been scaled up to around 95,000 tests per day and a total of 15,25,631 tests have been conducted so far across 332 government and 121 private laboratories, Union Health Minister Harsh Vardhan said on Saturday.




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Tamil Nadu moves SC against high court order for closure of Tasmac liquor outlets

The Tamil Nadu government on Saturday moved the Supreme Court challenging a Madras High Court order for closure of state-run liquor outlets on grounds of violations of COVID-19 guidelines, arguing that it would lead to "grave losses" in revenue and complete halt in commercial activities.