For overnight, one month, three months and six months, MCLR have been reduced to 7.40 per cent, 7.50 per cent, 7.60 per cent and 7.70 per cent, respectively.

State Bank of India, ICICI and some lenders are trying to resurrect the ‘bad bank’ plan.

The Covid-19 crisis is expected to have a heavy impact on the economy and many corporates have been cutting salaries. Some have also retrenched staff, with the unorganised sector being hit the most. The unemployment rate in India touched 27 per cent in the week to May 3, according to think-tank CMIE.

"Given that 2020 is going to be an exceptional year with government borrowings set to jump, we believe the time has now come for increasing the demand for bonds by having the necessary amendment in the RBI Act used effectively so that conduct of reverse repo and term reverse repo operations are completely non-collateralized," it said.

Union Bank of India announced reduction in its MCLR up to 15 basis points across all tenors, effective May 11. Overnight MCLR has been reduced by 15 bps to 7.15 per cent from 7.30 per cent and one-month MCLR by 10 bps to 7.25 per cent.

Move spurred by unprecedented decline in demand; WGC is also working with large institutions for a bullion exchange in India, and with assaying centres to build consumers' trust

Though WTI recovered, investment in alternative fuels like shale has become unviable.

Report points to the possibility of grains being hoarded by farmers and traders to be sold at a later date when mandi operations and logistics normalise

Earlier the strawberry growers here had to suffer losses following a hailstorm, now that the markets are shut, the strawberry produce is yet to be sold

Farmers hold on to stocks due to great demand for high-quality Indian produce

Record high local prices, coupled with short-term pressure on household finances, could encourage people to sell gold

Supplies remained unaffected and no unusual spike in prices says Mandi Chairman; 15 confirmed cases registered so far

Physical sales were very limited due to the lockdown and sovereign gold bonds were one of the few avenues available to invest in the precios metal

The coronavirus cases in Maharashtra have reached 12,296, including 2,000 discharged cases and 521 deaths.

According to the MCX data, the share of natural gas in the total volume of the exchange has almost tripled, while that of crude has reduced by more than half

Zero making charges may not work any more; store sales to be impacted as consumers buy online

Nickel took support around 900 and then bounced back till 932

Many schools across Nepal have made it mandatory for students to learn Mandarin lured by the Chinese government's offer to cover salaries of teachers who teach the language, a media report said on Saturday.

Initial investigation by the CBI into the multi-crore scholarship scam reveals a deep-rooted nexus between government officials, private institutions and public sector banks to siphon-off funds meant for poorest of the poor students. Students belonging to Scheduled Castes and Minorities were also deprived of scholarships to pursue basic education.

Punjab has prohibited the sale of uniforms and textbooks in school premises, state Education Minister Inder Singla said on Saturday.

In a move to promote children's theatre in rural India, the National School of Drama (NSD) will showcase the results of its first such effort with Odisha's tribal children in the form of two plays produced in a Children's Theatre Workshop in the state.

The Delhi High Court on Monday asked the Centre and the National Testing Agency (NTA) to file their response on a plea challenging the 2019 National Eligibility-cum Entrance Test (NEET) for admissions to MBBS and BDS courses.

The Directorate General of Health Services (DGHS) on Monday informed the Supreme Court on Monday of its inability to "amicably" resolve the "stray vacancies" issue in connection with postgraduate medical courses in private medical colleges across the country. Nearly 450 seats are yet to be filled.

In a sensational turn of events, four departmental heads of the Rabindra Bharati University have stepped down alleging racist slurs targeted against them by state's ruling Trinamool Congress students wing members.

The Pennsylvania-based firm, which sells drop shaped bite-sized chocolate candies 'Kisses' in India, is still a fringe player in the country’s chocolate market where Mondelez controls two-thirds of the market, followed by Ferrero and Nestle.

Beverages maker Coca-Cola’s company-owned bottling partner Hindustan Coca-Cola Beverages has bucked the general trend of companies resorting to pay cuts and job cuts amid the Covid-19 pandemic, announcing 7-8% salary increment to its 7,000 direct employees with effect from April 1, 2020.

KFC India managing director Samir Menon said: “Subdued growth in March and softness is on account of the lockdown. We continue to operate around the ongoing Covid-19 pandemic with our delivery business only amidst the lockdown situation in the country as we comply with all regulatory directives.”

“There is absolutely no income coming our way due to the Covid-induced lockdown for over a month. As a result, most companies are facing the problem of paying the employee salaries in full for the month of April,” said National Restaurant Association of India president Anurag Katriar.

Meanwhile, several retailers have reported an increase in sales of their private labels, which filled the gaps as supply lines from other manufacturers were disrupted.

Some large dairies across the country have reported 50-100% jump in monthly sales of cheese, butter, paneer, cream and dairy whitener in April — the month that saw offices adopting the work-from-home model to align with the government’s lockdown order and help contain the spread of coronavirus.

Salt farmers are predicting a shortfall as lockdown has truncated the production cycle.

The US burger and fries giant has joined other restaurant chains including Jubilant FoodWorks-operated Domino's Pizza, Tata Starbucks and Speciality Restaurants in seeking waivers from landlords and mall owners.

Consumers in West Bengal preferred Kachi Ghani Mustard oil followed by Refined Soybean oil over other variants during the period. Dhara in West Bengal primarily operates in categories like Kachi Ghani Mustard Oil, Refined Sunflower Oil, Refined Soybean Oil and Refined Rice Bran Oil.

[S.l.] : PETER LANG AG, 2020.

Cham : Springer, 2020

New York : The Guilford Press, [2020]