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IndiGo to implement wider pay cuts, send some staff on leave without pay

While senior-vice presidents and above would have 20% of their pay slashed, vice-presidents and cockpit crew would take a 15% cut.




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New road route to cut travel time to Kailash Mansarovar

Minister for road transport and highways (MoRTH) Nitin Gadkari said for the first time that the border is finally connected by roads.




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Non-food credit growth slips to 6.67% y-o-y amid COVID-19 crisis

Meanwhile, deposit growth in the banking system rose to 9.83%, falling marginally compared to the previous fortnight.




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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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Private power producers want govt to fast-track discom funding package

Power plants across the country currently have coal stock to run their plants for 31 days on an average.




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Vashi APMC to remain shut from May 11-17 due to rising COVID-19 cases

APMC administration and NMMC will carry out disinfection of the market premises and conduct tests. The market will remain open on this Saturday and Sunday.




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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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Sovereign rating: Moody’s warn of India downgrade, pegs FY21 growth at 0%

Separately, in a report released on Friday, S&P said it expected the banking systems of Indonesia and India to be among the worst hit in the Asia-Pacific region.




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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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GST relief 2.0: Govt can provide relaxations with respect to certain measures under GST

Current relaxations, prospective exemptions, and time taken to restore normalcy may depress tax collections. An increase in the tax rate of certain goods can compensate for losses.




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Job cuts, zero production activity due to lockdown: What the Centre must do now

A fully Keynesian approach will need to be taken by the government. People are losing jobs and production activity has come to a standstill due to the lockdown.




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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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COVID-19 cases mount to 6,318; death toll rises to 68 in Delhi

An order has been issued regarding appointing representatives of the Delhi chief minister at COVID testing centres to manage and resolve individual grievances of patients and medical staff.




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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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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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West Bengal govt not allowing trains with migrants to reach state; Shah writes to Mamata

Shah said migrant workers from West Bengal are also eager to reach home and the central government is also facilitating the train services.




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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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Share markets fall over 5% in first week of May; here’s what moved D-Street and what to expect ahead

Domestic benchmark indices were in for a bumpy ride this week with many ups and down along the way. Starting the week equity markets tanked and lost 80% of the gains made in the previous week as investors lost Rs 5.8 lakh crore.




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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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Google Duo users will soon be able to make ‘group’ video calls from their PC and laptops

Google Duo group video calling for web will arrive in the coming weeks starting as a preview on Chrome.




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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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Central Government Employee? Modi govt makes new clarification on travelling allowance

Central Government Employees Travelling Allowance: This order was issued after consultation with the Comptroller and Auditor General of India, as mandated under Article 148(5) of the Constitution.




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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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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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TDP chief urges PM Modi to set up scientific experts’ committee to probe Vizag gas leak incident

Following the gas leak incident, the National Green Tribunal ordered LG Polymers India to pay interim damages of Rs 50 crore and issued notices to the company, Central Pollution Control Board (CPCB), state and Centre.




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SBI vs HDFC vs ICICI vs Axis Bank: Where to get cheapest home loan? Rates compared

The marginal cost lending rate cut by banks and finance companies is good news for home loan and car loan borrowers whose loans are linked to MCLR. With the rate cut, all loans including home loans, auto loans, personal loans, etc., tied to the MCLR will become cheaper.




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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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Operation Samudra Setu: Two Indian Navy ships head to the UAE; INS Jalashwa sails back

Around 2,000 Indians will be evacuated from the island nation. And for this purpose two Ships of the navy – INS Jalshwa and INS Magar are being used.




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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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LG Polymers says vapour leak caused accident at Vizag plant

The firm said a special task force has been set up to help victims and families to resolve any issues and provide every assistance to the bereaved families.




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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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COVID-19 lockdown: Delayed academic plans and uncertainty-anxiety grips CBSE class 12 students

The COVID-19 lockdown, came with a different set of concerns for class 12 students, whose board exams were postponed midway following the outbreak of coronavirus, putting on hold their future plans as well.




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CBSE Class 10, 12 board evaluation begins! Teachers to be provided answer sheets at home

The evaluation of the answer sheets has been delayed due to a nationwide lockdown imposed to contain the coronavirus outbreak.