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Covid crisis: India at the cliff edge of a rating downgrade

India’s Achilles heel on ratings is its parlous state of fiscal affairs and the risk of a sharp deterioration of government debt to potentially ~75-80% of GDP.




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Without due process: Government orders on waiver of rents impinge on contractual rights

By Abhinav Mukerji Recently, there have been a spate of news reports on measures issued through executive orders directing waiver of rents, reduction or freezing of school fees, continuation of employment, restriction on termination of employees, and restriction on reduction in salary in the wake of the Covid-19 pandemic. The government has also issued executive […]




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Virtually Real: Gaming has been serious business for some time, but Fortnite’s experiment shows the success of metaverse

Gaming has been serious business for some time, but Fortnite’s experiment shows the success of metaverse.




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What India should do to bolster confidence of investors in post Covid world

India’s share of world manufacturing output is just 3%; it can easily be raised to 6% in 3-4 years, and 15% by 2030




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COVID-19 lockdown: Stricter action required against violators of social distancing norms

Liquor-store crowds show the masses still don’t understand the importance of social distancing in fighting Covid-19




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Promise of equity: How DBT scheme will help BPL for day-to-day sustenance all through the year

It is high time to scale up the fiscal relief measures, with a special emphasis on “Basic Income”.




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Bitter medicine: COVID-19 has exposed pitfalls of Indian pharma’s over-dependence on Chinese API

The Katoch committee, in 2015, had proposed several measures like setting up parks for API, providing capex, and subsidised loans to boost domestic production of APIs.




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Realme Narzo 10 officially confirmed to pack Helio G80 SoC

The Realme Narzo 10 is arriving on May 11 and ahead of the launch, Realme confirmed that Narzo 10 will be powered by the Helio G80 SoC. Realme hasn't revealed the full specs sheet of the Narzo 10 yet, but the company previously confirmed that Narzo 10 will come with a 48MP quad camera, 6.5" waterdrop notch display, rear-mounted fingerprint reader and a 5,000 mAh battery. The Realme Narzo 10 is rumored to be a rebranded Realme 6i, and if that's true, you'll get an HD+ screen, 16MP front-facing camera, and a 48MP main camera on the back joined by an 8MP ultrawide, 2MP macro and 2MP...




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Coronavirus COVID 19 vaccine: France-based drugmaker Sanofi to start large scale human trials

Coronavirus COVID 19 vaccine news, latest update, human trials: Sanofi's Pasteur division has an established track record in influenza vaccines. Last month it had teamed with its British rival GSK to produce a vaccine candidate hoping that it will be ready in 2021.




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COVID-19: Scientists identify new dominant strain of SARS-CoV-2, say it could be more contagious

The study said that the increase in frequency of this strain is happening at an alarming rate, which indicates that this strain has an advantage over the original strain from Wuhan in terms of fitness.




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The Rising Value of Podcasts To Digital Marketing

Podcasts are looking like an increasingly viable channel to engage with customers




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Three children in New York die of rare Kawasaki-like disease linked to Covid-19

Three children, including a five-year-old boy, have died of a mysterious inflammatory syndrome resembling Kawasaki disease or a toxic shock, Governor Andrew Cuomo said, as the state authorities began an inquiry into the cases.
Read Full Article at RT.com




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Tyson Fury promises 'massive, massive news' as rumors of impending showdown with Anthony Joshua intensify (VIDEO)

WBC heavyweight champion Tyson Fury has teased on social media that some "massive" news is soon to be released by his management company, sparking rumors that a title unification bout with Anthony Joshua is just around the corner.
Read Full Article at RT.com




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Elon Musk threatens to PULL TESLA OUT of California as officials keep factory shut due to Covid-19

Billionaire Elon Musk has vowed to sue local authorities “immediately” after his Tesla electric car factory wasn’t allowed reopen due to Covid-19 restrictions, and has warned he’s considering pulling out of California altogether.
Read Full Article at RT.com




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Global coronavirus cases soar past 4mn as US accounts for THIRD of confirmed infections – JHU

The total number of people infected with Covid-19 has passed another somber milestone, exceeding four million, with more than 1.3 million of those hailing from the US, Johns Hopkins University reported.
Read Full Article at RT.com




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‘Shoot first, think later’: Obscure US law INCREASINGLY helps police officers to get away with using excessive force

US courts have been heavily relying on a 50-year-old legal loophole to shield cops from misconduct allegations, an investigation by Reuters claims. It allows officers to get off the hook even when their conduct is deemed unlawful.
Read Full Article at RT.com




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India rolls out red carpet for hundreds of American firms that Washington wants out of China – report 

As trade tensions escalate between Washington and Beijing, India is boosting efforts to lure more than 1,000 US businesses out of China, reportedly offering to ease tax and labor laws, and allowing easier access to land.
Read Full Article at RT.com




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Kerala Rents Chopper To Carry Heart Of Brain Dead Woman For 220 Km

Amid massive exercises to contain the COVID-19 pandemic in Kerala, the state police on Saturday operated its rented helicopter to transport the heart of a brain dead patient from Thiruvananthapuram to...




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The Advancement of Ad Blockers

69.8 million Americans will use an ad blocker this year, according to eMarketer.




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Graded opening of economy needed to protect livelihood: Niti Aayog CEO

The Centre on Wednesday gave clear indications that the ongoing nationwide lockdown will be extended beyond May 3 but with "considerable relaxations" to people and services in "many districts". 




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Flight of foreign investors continues in April: FY21 starts on a bad note as FPIs pull out more

After a lifetime high FPI withdrawal in the month of March, the foreign portfolio investors have once again pulled out nearly Rs 15,000 crore from the country's capital market in April.




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Coronavirus: Month of May brings reopenings around the globe as grim economic toll from Covid-19 pandemic ticks higher

The number of Americans filing for unemployment benefits surpassed a staggering 30 million and the European economy shrank a record 3.8% in the first quarter as hotels, restaurants, construction sites and manufacturing were frozen by lockdowns.




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End of lockdown not end of trouble for migrant labour; here’s what workers may face when economy opens

The end of lockdown will likely start a new phase of problems for migrant workers, as labour exploitation may rise significantly in the pockets where there is an oversupply of workers.




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Lockdown led to subdued economic activity but saved India from lot of agony: SBI chairman Rajnish Kumar

Kumar said as long as the lockdown continues, economic activity will remain tepid, but "demand should be there in the economy" and the question of logistics can be taken care of. The SBI chairman also said complete easing of the curbs is still some time away.




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Coronavirus lockdown effect: Govt defers release of April GST collection data

The government had last month extended the deadline to file GST returns for March to May 5, from April 20. As per convention, the government releases GST revenue collection number on the basis of cash collection in a particular month.




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GSTN Helpdesk handles over 56,000 taxpayer issues in one month of lockdown

According to data from GSTN, over 19,552 tickets raised by taxpayers were resolved between March 25 and April 24.




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Record sales of fertilisers in lockdown period; govt ensures full availability before kharif sowing

The sale of fertilisers shot up by 45.1 per cent on-year in April 2020.




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GSTN develops functionality for transfer of amount available in electronic cash ledger

In a statement, GSTN said this new functionality on the GST portal is aimed at providing a major relief to taxpayers, especially at the time of the COVID-19 crisis when there is limited access to cash resources.




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Which one of Abhijit Banerjee’s Twitter profiles is real? Nobel laureate economist answers

Several noted personalities such as Ramchandra Guha, Mahua Moitra, among others have now said that the Indian-origin economist does not have any Twitter profile.




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PM Garib Kalyan Package report card: Crores of poor, farmers helped under Modi govt scheme

Amid the lockdown, around 39 crore poor people have received financial assistance of Rs 34,800 crore under the Pradhan Mantri Garib Kalyan Package (PMGKP).




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Coronavirus impact: EU forecasts ‘recession of historic proportions’ this year

The 27-nation EU economy is predicted to contract by 7.5 per cent this year, before growing by about 6 per cent in 2021.




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Government working on a package of structural reforms for sunrise sectors: Niti Aayog CEO Amitabh Kant

In an interactive online session organised by All India Management Association (AIMA) on post-COVID-19 scenario for Indian economy, he listed healthcare, education, mobility, genomics, AI, 5G network, fintech and manufacturing as high priority areas for rapid and radical structural reforms.




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Bank of England: UK economy to shrink by most since 1706

It noted that the timeliest indicators of UK demand have stabilised in recent weeks, albeit at very low levels, after unprecedented falls during late March and early April.




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India’s rating outlook reflects rising risk of slower GDP growth, low policy effectiveness: Moody’s

Moody's had, in November 2019, downgraded India's outlook to negative from stable on concerns of lower economic growth.




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Moody’s pegs India’s FY21 GDP growth at 0%, says risk of slower economic growth rising

Moody's said high government debt, weak social and physical infrastructure, and a fragile financial sector face further pressures due to the coronavirus outbreak.




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Haryana offers reward to move away from water guzzling crops, but is it good enough for farmers?

Haryana has started to take steps towards solving the age-old water problem with the state disincentivizing sowing of water-intensive paddy crops.




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Twenty states getting ready for launch of ration card portability from June 1: Ram Vilas Paswan

Food Secretary Sudhanshu Pandey said already intra-state ration card portability is being used, but the transactions are not significant.




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Hong Kong announces the first phase of visa sanctions for Philippines

Hong Kong announces the first phase of visa sanctions for PhilippinesAmbassadorial passport holders and the government officials of Philippines will not be able to visit Hong Kong without a visa effective February 5, 2014. This was announced by the Hong…




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Hong Kong"s immigration department announces the introduction of Voice-navigated e-Channels

Effective 16th April, 2014, the Immigration Department of Hong Kong has announced that e-channels provided with voice navigation function would be working at the Macau Ferry Terminal (MFT) point of control, intended to assist visually impaired persons…




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Hong Kong prepares itself for the anticipated heavy rush of passengers during the festive season

The Hong Kong Special Administrative Region ‘s (HKSASR’s) is estimating that about 4.89 million travelers will transit through its air,  sea and land control points during the coming Labour Day and Buddha's Birthday festival season (from May…




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Hong Kong, Germany sign MOU on usage of automated clearance service

Hong Kong and Federal Republic of Germany have signed a Memorandum of Understanding (MOU) concerned with the automated clearance service usage on a shared basis. The MOU is considered as a new milestone in the collaboration between the countries in immigration…




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Rise in quota of Hong Kong - Germany Working Holiday Scheme

The Hong Kong Special Administrative Region Government has decided to work with the Government of Germany to additionally increase the yearly quota from 150 to 300 under Hong Kong Working Holiday Scheme for Germany. Germany has grown popular as…




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Hong Kong visa is essential for the nationals of the Republic of Yemen

The Department of Immigration has announced on September 22 that the nationals of the Republic of Yemen need to attain a visa to enter Hong Kong, including the transit passengers from September 29th.In the present scenario, the nationals of the Republic…




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Hong Kong is witnessing increase in number of tourists

Number of tourists visiting Hong Kong has been increased with around 2,54,000 visitors in the country with an increase of 9%.According to the Immigration Department, the current golden week holiday has witnessed strong development in the number of tourists…




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Audit of Central Bank to include all its transactions: Nehme

The audit of Lebanon's central bank accounts announced last month will include every transaction at the bank, Economy Minister Raoul Nehme said in an interview published on Sunday.




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After lockdown 3.0, more or end? Another lockdown will lead to a complete collapse of economy that is already tottering

The colour-zoning of India (red, orange and green) and the limited relaxations with several caveats have not helped re-start economic activity.




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Inside Track: Why Mamata Banerjee is wary of Prashant Kishor’s alleged BJP links

It is unclear whether Kishor will stay on in the state. Some Trinamool leaders and an advertising agency owner perceive him as a threat.




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BJP against introduction of creamy layer provision for SC-ST people, says Sushil Modi

The central government headed by Narendra Modi is committed to protect the rights of SCs and STs, he said and expressed support to the demand of the states SC and ST MLAs to include "reservation" meant for them in the Ninth Schedule of the Constitution so that they cannot be challenged in courts.




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Mother’s Day 2020: Here’s how brands are celebrating the different roles of a mother

From Shoppers Stop to Fujifilm and Nivea, brands take to social media to celebrate Mother’s Day




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Coronavirus Pandemic: How to keep up mental well-being in the times of Covid19

Maintaining social distancing and self-hygiene are the only options we have in the present fettle in trying to curb the COVID-19 menace which indeed is proving prolific.