Interview with UK Economic Secretary to the Treasury

CIDCO also inked an MoU with Transparency International India to combat corruption and for effective governance

They'll be dismantling 27 pavilions spread over 2,30,000 sq mt of land owned by MMRDA

Around Rs 30,000 crore investments are from the mineral sector while the rest are from areas like food processing, electronics, textiles and renewable energy

Event through Feb 13-18 at BKC in Mumbai brought in 2,594 MoUs entailing Rs 7.94 lakh cr investments

A record 309 mn Indians tuned in to watch India's semi-final clash with Australia

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The CII survey indicates that permits for enterprises, passes for workers and supply chain movement are the key hurdles for industry in exit from lockdown. For facilitating restart of economic activities, CII has suggested that in non-containment zones, businesses should be allowed to function without requirement of permits and only through intimation to local authorities. While state governments have mostly clearly communicated restart guidelines to businesses, firms are facing hurdles in movement of workers and raw materials in commencing operations. These are the findings of a nation-wide survey conducted by the Confederation of Indian Industry (CII).

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The Government of India and the Asian Development Bank (ADB) signed a $1.5 billion loan that will support the government's response to the novel coronavirus disease (COVID-19) pandemic, focusing on immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable sections of the society, especially women and disadvantaged groups. Earlier, the ADB's Board of Directors approved the loan to provide budget support to the government to counter and mitigate the adverse health and socio-economic impact of the pandemic.

While reopening economic activities, we need to keep in mind that the industry cannot be opened in isolation, the whole ecosystem along with the related supply chains needs to be revived and restarted, said Suresh Prabhu, Hon'ble Member of Parliament. We should follow the Chinese model of revival through specific geographical openings for economic activities in areas which are marked green and keeping the hotspot districts completely locked, till there is full containment in those areas, said Hon'ble Member of Parliament. This is the time India needs to take advantage of the crises and convert it into an opportunity, we set our National goal of getting Foreign Direct Investments to India and each citizen and all arms of the government must work towards this common goal with complete alignment of reforms, said Prabhu. Businesses are the most important part of the economy, as they are significant contributors to economic growth and progress, he said.

Minister of Commerce and Industry & Railways Shri Piyush Goyal held discussions with the Export Promotion Councils(EPCs) of the country. He called upon the Exporters to identify their strengths, potentials and competitive advantages in specific sectors, and focus on harnessing them in the world markets. Goyal said that in the post-Covid era, there is going to be perceptible change in the global supply-chains, and Indian industrialists and exporters should be looking to capture significant share in the world trade. He assured them that the Government will be a pro-active supporter and facilitator in their efforts, and the Indian Missions abroad can play an important role in that. The Minister said that Incentives can be given, but they have to be justified, reasonable, and WTO-compliant.

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The country-wide lockdown imposed on 23rd March, while necessary, has had deep ramifications on economic activity. According to the CII CEOs Snap Poll on Impact of COVID-19 on Economy and Industry, while a majority of the firms continue to anticipate a significant decline in their topline, they now foresee a delay in economic revival and demand recovery. The survey saw the participation of more than 300 CEOs, of which nearly two-thirds belonged to MSMEs. The lockdown brought economic activity to a grinding halt and the survey findings indicate that a significant majority of the firms (65%) expect revenues to fall more than 40% in the current quarter (Apr-Jun 2020). For financial year 2020-21, the expectations of a fall in revenue are staggered, with 33% of the firms anticipating a revenue fall of more than 40%, closely followed by 32% of firms expecting a revenue contraction ranging between 20% to 40%.

Union Minister for MSME and Road Transport and Highways, Nitin Gadkari informed that a policy on imports substitution is being thought of in the wake of the new economic situation created by COVID-19 pandemic. He called upon various stake-holders to convert knowledge into wealth by improving quality through innovations and cutting down cost. He sited the example of a Nagpur based MSME Orange cluster taking up PPE making from scratch. These PPEs cost between Rs 550 to Rs 650 against the market price of about Rs 1200 for which country was heavily import dependent. The cluster is in a position to supply large quantity of PPEs.

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The procurement of wheat and rice (second crop) during the ongoing Rabi season has picked up pace despite severe logistical constraints posed due to the countrywide lockdown. Against the target of 400 Lakh Metric Tonnes (LMT) of wheat, procurement for central pool has touched 216 LMT upto 06.05.20. It is particularly heartening since procurement in major wheat procuring states like Punjab, Haryana and Madhya Pradesh had started only after 15th April. Similarly paddy procurement is also going on smoothly with 44.9 LMT paddy procured so far by the government agencies.

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Overall compensation to factory workers doesn't come close to the impressive productivity gains that American factories have enjoyed over the past year. WSJ's David Wessel reports. (Photo: AP)

The Fit and color of the clothes you wear to a business meeting have an impact on how you are first perceived. Get off on the right foot by watching our guide on how to dress for success in business.

The Shirt founder Rochelle Behrens and Dogfish Head founder Sam Calagione share advice on recruiting talent at Wall Street Journal's How I Built It 2012 panel in Washington, D.C. WSJ's Vanessa O'Connell leads thediscussion.

How advisers can keep heirs as clients. Plus, how you can teach clients to ignore the noise. And, a look at non-traded REITs. Dow Jones Wealth Adviser's Veronica Dagher reports.

Some women may avoid planning for retirement or handling the family's investments but now is the time to get engaged, says Susan Hirshman, president of SHE Ltd.

KareRing adheres to standards like data encryption. Advanced tracking technology increases accuracy by using other sensory data. The app leverages AI-powered global identity verification to authenticate users' identity before onboarding them and uses data analytics and intelligence techniques to visualize user data. An inbuilt, WHO-compliant bot is used for user self-health assessment. The app has also an added functionality for healthcare organizations to evaluate the efficacy of the vaccine under trial.

Sales rise 27.54% to Rs 13.20 crore

Speaking about this new fried chicken on the menu, Seema Arora Nambiar, Sr. Vice President, Menu, Marketing and People Resources, McDonald's India (West and South) said All our products are designed keeping in mind what our consumers want and like. McSpicy Fried Chicken has been specifically crafted as per the taste preference of our consumers. This product is carefully marinated with ghost chili pepper and is fried to perfection to ensure it is spicy to the last bite - just the way consumers love it.

Sales decline 2.72% to Rs 6.09 crore

Sales rise 13.39% to Rs 1798.05 crore

Sales decline 8.53% to Rs 175.13 crore

Most exit polls see loss for Jaya; Assam for BJP; left turn for Kerala

State Bank of India was transferring the money from Coimbatore to Vishakhapatnam to tide over a cash shortage in Andhra Pradesh when the vans were seized by the Election Commission

Sun TV is promoted by DMK chief M Karunanidhi's grand-nephew Kalanithi Maran

As per trends, J Jayalalithaa-led AIADMK appears to be winning Tamil Nadu for a straight second term, bucking the tradition since 1989 when a ruling party has not returned to power

The party was expecting a victory against the All India Anna Dravida Munnetra Kazhagam (AIADMK) and the exit polls boosted this confidence

Election trends suggest that Congress has lost in Kerala and Assam and has failed to make a dent in West Bengal and Tamil Nadu despite alliances

Results' trends suggest that the pollsters have again failed to predict the outcome of Assembly polls in Tamil Nadu, West Bengal, Kerala, and Assam

A look at key faces who helped their parties cross the finish line

Some with direct connections to political dispensations could face heat; others considered close to the winning party could expect good times

BJP wins in Assam, opens account in Kerala; Congress loses two states; Left sweeps Kerala; Mamata decimates Opposition in West Bengal

This is for the first time since MGR's death in 1987 that a party will return to power for a second straight term in Tamil Nadu

28 others, including her trusted lieutenant and Finance Minister in outgoing Cabinet O Panneerselvam, to also take oath

It usually only takes such a harsh step when there is evidence that muscle power has been used

The government had in September scrapped the 92-year old practice of presenting a separate railway budget

From the next financial year, the railways will not have to pay any dividend, which will save the carrier approximately Rs 10,000 cr

They have decided that by 2019 all its accounting will move to accrual system