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After Centre, Tamil Nadu freezes DA for govt staff, pensioners

Tamil Nadu chief minister Edappadi K Palaniswami on Monday requested Prime Minister Narendra Modi for ad-hoc grant of Rs 1,000 crore from National Disaster Relief Fund (NDRF).




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IIT-M incubated start-up develops ‘Smart Bin System’ to prevent spread of coronavirus

In the case of Covid-19, hazardous waste is being generated in hospitals, quarantine zones or red zone areas within cities. They are potential sources of Covid-19 and can cause further spread within the locality.




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Kerala govt’s move to deduct salary of employees in wake of COVID-19 put on hold by HC

The state government, in its order, said that the employees' salary for six days every month would be deducted for the next five months.




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Andhra Pradesh government to set up digital kiosks for farmers

Besides, the state government will create new bank accounts for some 56 lakh farmers and issue 1.12 crore credit/debit cards to them by the next kharif season to enable them to avail crop loans and other government benefits.




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Nature and spirit of international trade would depart from standard rule post COVID-19

India has firmly established itself as a net steel exporter in FY20 with total steel exports at 11.183 MT (31 % growth over last year) exceeding the total steel imports at 7.164 MT by 4.02 MT.




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Govt task force lays out Rs 111-lakh-crore infra investment road map

The task force under economic affairs secretary Atanu Chakraborty submitted its final report on the “national infrastructure pipeline” (NIP) to finance minister Nirmala Sitharaman.




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Covid impact: Crisil expects gross NPAs to rise by 150-200 basis points this fiscal

Crisil expects GNPAs for the financial year 2020 to remain at 9.5%. Considering the Covid-19 impact, Crisil has projected GNPAs in the range of 11-11.5% for the financial year 2021.




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Lasalgaon to revert to auction of onions in loose format from May 4

The APMC officials pointed out workers usually come to the market yard on pick-up trucks, however, the police have been acting against them as social distancing is not maintained onboard the pick-ups.




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PM Modi tells ministries: Ensure farm credit is easy, review Essential Commodities Act

The prime minister is said to have suggested exploring possibility of creating commodity specific Board or Council so that cluster/contract farming takes place as that will help increase agricultural exports from the country.




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Supply crisis looms as arrival of vegetables, fruits down sharply at Delhi’s Azadpur mandi

Delhi’s Azadpur mandi, the country’s largest market yard for these items, saw arrivals of onion, tomato and potato drop by 14-31% during April 16-30 from the previous fortnight.




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Market reliance: Govt in a fix over raising H1 borrowing target

The central government will likely ramp up market borrowing in the second half of this fiscal, but may be forced to stick to its target for the first half at the moment.




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Migrant workers: House panel opposes move to cap minimum wages

The Centre’s bid to arrogate to itself the power to fix the wage floor for inter-state migrant workers in the name of uniformity across the country has hit a hurdle.




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Covid lockdown effect: Banks, NBFCs urge RBI to extend moratorium by another three months

With the countrywide lockdown set to continue for two more weeks, banks have urged the Reserve Bank of India (RBI) to extend the three-month moratorium on loans by another three months beyond May 31.




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MFIs see demand picking up soon due to emergency loan requirement, kharif cultivation

Microfinance institutions (MFIs) believe the industry will bounce back in no time as they see demand for microcredit rising soon because of emergency loan requirements of their customers to restart businesses.




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Covid blues: Manufacturing PMI sees record slide in April

Indian manufacturing saw its worst contraction in April, as a nation-wide lock-down hit fresh orders and businesses cut staff at a record pace.




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Highway projects: Infrastructure panel wants HAM curtailed, favours BOT model; here’s why

The Hybrid Annuity Model (HAM) for highway projects that insulates private developers from virtually any commercial risks, is putting stress on the highly-leveraged balance sheet of the National Highways Authority of India (NHAI), and should therefore be ‘downplayed’.




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Pre-GST CENVAT credit available till June-end revised

The Delhi High Court on Tuesday allowed taxpayers registered under Goods and Services Tax (GST) to claim accumulated CENVAT credit from pre-GST regime till June 30, 2020, and noted that the benefit of transitional credit will be applicable for three years (since launch of GST on July 1, 2017) which is the period mentioned in the limitation Act.




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COVID-19 crisis: Nobel laureate Abhijit Banerjee for large fiscal stimulus, cash transfer to poor

Nobel laureate Abhijit Banerjee has recommended that India offer cash to the poorest 60% of its population and waive off loan repayments for small businesses in the June quarter, as he pitches for a large enough fiscal package to stimulate demand in the economy ravaged by the novel coronavirus crisis.




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Coronavirus lockdown 3.0: States up taxes on auto fuels, liquor for income

At least 13 states hike VAT on petrol/diesel since mid-March, many make liquor costlier with new imposts.




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Resumption post-Coronavirus lockdown: DMs hold the key to firms opening plant, office lock

Companies need to seek permission from the local administration – the office of the district magistrate – by submitting a host of information. Apart from the process being tedious and time-consuming, the final decision rests at DM's discretion.




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Delhi hikes VAT on petrol, diesel — check new rates

Diesel prices in Delhi went up to Rs 69.39 per litre on Tuesday, a surge of Rs 7.10 per litres, as the state government increased the value added tax (VAT) on diesel from 17% to 30%.




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Co-operative banks can invoke SARFAESI Act, seize and sell defaulters’ assets to recover dues, says SC

The SARFAESI Act, which is now rarely being used after the Insolvency and Bankruptcy Code has come into existence since 2016, allows banks to seize, take control, manage and sell assets of defaulting borrowers without the intervention of any court/tribunal and also ensures speedy recovery.




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GSTN allows inter-head cash transfer for taxpayers; resolves cash flow issues

GSTN added that a taxpayer can now transfer the amount available in an electronic cash ledger from one major head to another major head, keeping the minor head the same.




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COVID cess on liquor: Kerala may go Delhi way

Following the devastating flood in 2018, the state had collected a flood cess which had fetched Rs 308.68 crore to the state exchequer.




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Unions raise concern over curb on migrant workers’ movement

The issue faced by migrant workers took the centre stage as labour minister Santosh Kumar Gangwar met the representatives of 12 central trade unions (CTUs).




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Refunds for garments exporters: Govt clears Rs 3,000-crore pending claims, more to follow

In an office memorandum dated April 30, reviewed by FE, the revenue department has said it has approved the release of the RoSL benefits, which will, however, be in the form of scrips, instead of cash.




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Italian ‘Arte Povera’ art critic Germano Celant dies

Through key exhibitions and texts, Celant was an influential proponent of the work of young Italian artists in Turin, Milan, Genoa and Rome, working with natural materials and elements such as dirt, sticks or rags who were seeking to challenge the commercial art scene at the time




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Coverage of Kashmir crackdown, Alaska policing, win Pulitzers

The New Yorker took the feature reporting prize for Ben Taub’s piece on a detainee at the U.S. military base at Guantanamo Bay, Cuba, with judges saying the story offered 'a nuanced perspective on America’s wider war on terror.'




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Locked out of galleries, Londoners find Caravaggio street art

The Italian baroque master’s 'Supper at Emmaus' is usually exhibited at London's National Gallery but, with that shut, Stanhope’s giant interpretation is now on show in Ladywell, southeast London




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‘Bailing out the Titanic’ - French arts struggle amid coronavirus

With the entertainment industry shut down by the virus, President Emmanuel Macron pledged to extend aid for out-of-work actors and performers until next year, and to set up a fund to help the paralysed film industry




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Over 100 arrests in global crackdown on artefacts trade

'Organised crime has many faces. The trafficking of cultural goods is one of them. It is not a glamorous business run by flamboyant gentlemen forgers, but by international criminal networks'




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Virus tributes unite walls dividing Belfast

Since 1998, Northern Ireland's murals have shifted from glorifying gunmen towards depictions of happy times. The tributes to frontline healthcare workers could be a similar sign old wounds are healing




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Blind luck, red wine: Famed war photographer beats virus at 97

Celebrated wartime and celebrity photographer Tony Vaccaro, now 97, is getting over a bout with COVID-19. He attributes his longevity to 'blind luck, red wine' and grit




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Greece’s ‘invisible’ artists call for help in virus squeeze

In a country where art is widely seen as a pastime, and performers have long struggled to secure steady pay and royalties, the closure of theatres and cinemas and the cancellation of summer festivals has wrought havoc




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The truly autonomous car is here: Volvo, Uber unveil production ready self-driving vehicle

The Volvo XC90 SUV presented this week is the first production car that in combination with Uber’s self-driving system is capable of fully driving itself.




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Review: Hyundai Kona electric car shows petrol, diesel vehicles their place in history

The Kona Electric is lightning quick from any speed to any speed, because the massive 395Nm of torque is delivered instantly by the electric motor, unlike a petrol/diesel vehicle where the engine needs to reach a particular RPM to deliver similar power




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MG Motor Hector review: This British SUV ‘listens’ to you and talks back

MG Motor is a British carmaker now owned by SAIC Motor of China. The Hector is its first product for the Indian market—and the company calls it India’s first internet car.




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Toyota wins 24 Hours of Le Mans race with hybrid electric vehicle

The first Japanese automaker to win the title twice with a self-charging hybrid electric vehicle—the TS050.




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Has the Seltos set a new benchmark for SUVs?

The Seltos has a modern design, and one that the next-generation Creta (likely in 2020) could take some cues from.




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Interview | Hybrid is the right technology for sustainable transition to EVs: Rajesh Goel

The Indian passenger vehicle (PV) market is going through its worst phase in almost a decade, but Rajesh Goel, senior vice-president & director, Sales & Marketing, Honda Cars India, believes that as the festive season approaches, the market should revive.




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Honda Cars plans to redesign dealerships to provide better customer experience

Honda Cars implements new corporate identity for its dealer network.




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Mahindra comes up with World of SUVs – premium vehicle showrooms

Over 300 World of SUVs set up in six months.




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Hyundai Kona EV introduces one-pedal driving in India

Make no mistake, it still has a brake pedal, but in regular driving conditions you might not need to use it




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Hyundai Kona Electric review: You get exclusivity, feeling of setting a benchmark

The Kona Electric, the world’s first electric compact SUV, was launched in India last week. Priced Rs 25.3 lakh, it’s available for sale in 11 cities.




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Hyundai Kona Electric’s range of 452 km is in ‘ideal’ test conditions: YS Kim, R&D Division, Hyundai Motor Group

Our next EV will be developed on the dedicated Electric-Global Modular Platform (E-GMP), and that car will be launched globally in early 2021. That platform will be used for Hyundai, Kia and Genesis EVs.




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Maruti launches CNG variant of the Ertiga

It’s the only MPV in the country with a factory-fitted CNG option




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The new Porche Macan is a sports car in SUV body type

Earlier this week, Porsche India gave the Macan SUV a comprehensive upgrade; it launched the new Macan (Rs 69.98 lakh) and the more powerful Macan S (Rs 85.03 lakh). The Macan is a compact SUV made by Porsche.




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Destination India: Travels to the land of the rising sun

We drive from Guwahati in Assam to Pasighat, the oldest town of Arunachal.




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Royal Enfield drives Studio Stores to spread reach, cut dealership cost

For the April-July 2019 period, domestic sales declined by 22% to 2,23,612 units (as compared to 2,86,726 units sold in the same period last fiscal).




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Ducati’s power cruiser, the Diavel 1260, launched

The new Diavel 1260 is powered by the 1262cc Ducati Testastretta DVT engine with variable cam timing, which has been upgraded to optimise performance and is equipped with the chain-type final transmission.