The govt on Friday said it will borrow about Rs 12 lakh crore from the market in fiscal year 2020-21, an increase of Rs 4.2 lakh crore, or 54% jump over the Budget estimate of Rs 7.8 lakh crore. This, the economists said will push the fiscal deficit from 3.5% for 2020-21 to 5.5%. The decision for higher borrowing has also been prompted by severe loss of govt revenues.

Many have argued that while India’s lockdown has been the harshest, its stimulus package is one of the smallest — so far. To fund bigger public spending programme, the govt can either ask the RBI to print more money or raise money through borrowing. Former RBI governor Raghuram Rajan has explained how the two paths work and why ‘monetisation’ is a good option.

Reliance Jio has come up with new top-up plans to support extra data usage at up to 75 per cent lower rates and also made annual recharge plans 33 per cent cheaper compared to rivals by enhancing data usage limit at 4G speed to 2 GB per day.

Cognizant Technology Solutions’ revenue in the quarter ended March rose by 3.5% in constant currency, better than TCS and Wipro, but lower than HCL and Infosys. Revenue stood at $4.2 billion, including a $23 million headwind from their decision to exit content related services.

The Pune labour commissioner’s office recently issued a notice to technology giant Wipro after receiving complaints of the alleged benching of 300 employees, and salary cuts of an undisclosed number of entry-level staffers, most of whom are BPO employees. The May 1 notice of labour office told the company to “refrain from laying off any employee or face legal action.

Women-only comedy shows create a safe space for female comedians and audiences to laugh out loud. Like Leddis Night, a number of comedy shows by and for women are encouraging young female comics to get on stage and more women to go out and laugh freely.

The Board of Control for Cricket in India (BCCI) is expecting a windfall from the Indian Premier League (IPL) media rights auction, which gets underway here on Monday with top companies from across the globe participating.

Bombay high court on Friday sought a reply from the state on a public interest litigation by a Pune woman on permission to take pet dogs for their daily walks, while observing that walking them within housing society compounds for now, as permitted, was adequate for the moment.

Sajjansingh Dhurve from Pondi in Junawani of Mandal Khajeri cannot believe that his colleagues, with whom he was heading home, are no more.

The state government would be short of Rs1.4 lakh crore, or 40 % of the projected revenue for the 2020-21 fiscal, if any financial package were announced for the migrant workers’ assistance, sources in the finance department said on Friday.

Fewer non-essential shops opened shutters on Friday than the day before with the traders’ association insisting on total resumption of business after the lockdown exit.

A fire broke out in a pharmaceutical packaging factory in the Satpur industrial area on Thursday night. While there were no casualties, goods and articles, collectively amounting to over Rs 35 lakh, was gutted in the fire.

The Pune Cantonment Board (PCB) has announced a two-day complete lockdown of the entire cantonment area, starting Saturday.

Directing officials to ensure that nobody walks back home, chief minister Yogi Adityanath on Thursday said that the government was making all efforts in deploying buses and trains to bring back stranded migrant workers.

Following allegations of alleged torture and illegal confinement of two dalit youths at Sandaur police station in Sangrur district, Punjab Police on Friday suspended two cops, including an assistant sub-inspector and a home guard, and transferred three other policemen.

Despite a slow start, the stubble burning cases were drastically increased in the last two days. This harvesting season is started with one fourth of the burning cases than the previous season, according to the data released by Punjab Remote Sensing Centre(PRSC) on Friday.

Machhiwara police on Friday booked a woman and her alleged lover for abetment to suicide after her husband died in a road accident while going to commit suicide. The deceased was identified as Gurwinder Singh — a labourer in his thirties — from Indra Colony in Machhiwara.

From Saturday, restaurants, eateries, sweet shops, ice-cream parlours and juice vends can home deliver from 7am to 7pm. But dining will not be allowed at the joints.​

Following allegations of alleged torture and illegal confinement of two dalit youths at Sandaur police station in Sangrur district, Punjab Police on Friday suspended two cops, including an assistant sub-inspector and a home guard, and transferred three other policemen.