US shows surprising employment recovery in May despite coronavirus pandemic
The US economy regained 2.5 million jobs in May and the unemployment rate dropped as coronavirus pandemic shutdowns began to ease, which President Donald Trump said Friday was a sign the recovery from the crisis is underway. New Labor Department data showed the largest increase in jobs on record, which pushed the unemployment rate down […]
Donald Trump says US economy ‘largely’ over coronavirus pandemic, as EU eyes border openings
President Donald Trump said Friday the US economy had largely made it through the coronavirus pandemic, as a top expert in France said the worst was over there and the EU looked to open its borders again. The United States is by far the worst hit by the deadly disease, which has killed over 390,000 […]
Farmer commits suicide inability to sell his sugarcane produce due to coronavirus lockdown
MUZAFFARNAGAR: A farmer was found hanged from a tree in Muzaffarnagar district of Uttar Pradesh with the authorities suspecting that he committed suicide fearing failure to sell his sugarcane produce due to the coronavirus-induced lockdown, police said on Friday. According to the police, Ompal Singh, a resident of Sisoli village in the Bhorakala police station […]
Supreme Court mulls granting 15 days to Centre, states for transporting migrant workers
NEW DELHI: The Supreme Court Friday said it intends to give 15 days to the Centre and states for transporting all stranded migrant workers to their native places, commencing hearing on their plight during the Covid-19 lockdown period. A bench of Justices Ashok Bhushan, SK Kaul and MR Shah was informed by Solicitor General Tushar […]
Supreme Court asks if private hospitals ready to charge COVID-19 patients at Ayushman Bharat rate
NEW DELHI: The Supreme Court Friday asked private hospitals whether they are ready to provide treatment to COVID-19 infected patients at the charges prescribed under the government’s Ayushman Bharat Scheme. The ‘Ayushman Bharat Pradhan Mantri Jan Arogya Yojana’ is aimed at providing health cover to poor and vulnerable persons in the country. A bench headed […]
USA faces unemployment crisis amid record trade drop
In further signs of the crisis facing the world’s largest economy amid the coronavirus pandemic, new data Thursday showed a record plunge in US exports as layoffs exceeded 42 million. The two key reports on economic health indicate that even as Wall Street regains its strength and some industries show signs of recovery as virus […]
Supreme Court extends order of no coercive action against employers for non-payment of full wages
NEW DELHI: The Supreme Court on Thursday extended till June 12 its earlier order of May 15 asking the government not to take any coercive action against companies and employers for violation of Centre’s March 29 circular for payment of full wages to employees for the lockdown period. A bench of Justices Ashok Bhushan, S […]
India’s COVID-19 tally reaches 2,16,919 with record spike of 9,304 cases; death toll 6,075
NEW DELHI: Coronavirus cases in India saw a record single-day jump of 9,304 cases on Thursday pushing the total tally to 2,16,919, while the death toll climbed to 6,075 with 260 new fatalities, according to the Union health ministry. India stood seventh among the nations worst hit by the COVID-19 pandemic after the US, Brazil, […]
Himachal Pradesh government decides to set up sixth finance commission
NEW DELHI: The Himachal Pradesh government on Thursday decided to set up a sixth finance commission, an official spokesperson said. The decision was taken in a meeting of the state Cabinet chaired by Chief Minister Jai Ram Thakur. The commission will review the financial position of panchayats and urban local bodies, he said. The commission […]
Was advised not to speak to Rahul Gandhi, claims Rajiv Bajaj
NEW DELHI: During conversation on the economic fallout of the lockdown due to Covid-19, industrialist Rajiv Bajaj claimed that he was advised not to speak to the former Congress president Rahul Gandhi as it can lead to trouble. When Rahul Gandhi praised Rajiv Bajaj for his braveness for speaking to him, Bajaj said, “I’m speaking […]
Italy thirsts for tourists as country reopens to Europe
Italy reopened to travellers from Europe on Wednesday, three months after the country went into coronavirus lockdown, but few arrivals dimmed hopes of reviving the key tourism industry as the summer season begins. Gondolas are ready to punt along Venice’s canals, lovers can act out “Romeo and Juliet” on Verona’s famed balcony, and gladiator fans […]
Coronavirus pandemic could cost Australian universities $11 billion
Australian universities could lose up to US$11 billion dollars as an indefinite coronavirus border closure locks out the foreign students who keep the sector afloat, the industry said Wednesday. Lobby group Universities Australia said the revenue shortfall would have a lasting impact on not only higher education staffing and facilities but also undermine the sector’s […]
Moody’s downgrades India’s rating to ‘Baa3’
NEW DELHI: Moody’s Investors Service on Monday downgraded India’s sovereign rating to ‘Baa3’ from ‘Baa2’, saying there will be challenges in implementation of policies to mitigate risks of a sustained period of low growth and deteriorating fiscal position. “Moody’s has today downgraded the Government of India’s foreign-currency and local-currency long-term issuer ratings to Baa3 from […]
India will definitely get its economic growth back
NEW DELHI: Prime Minister Narendra Modi on Tuesday said India will definitely get its economic growth back as the government continues to pursue various reforms. Speaking at industry association CII’s annual session, he said the government has taken tough steps to fight the coronavirus pandemic and has also taken care of the economy “On the […]
Trilogy of Schemes to Script a Global Chapter in Electronics Manufacturing
NEW DELHI: The government of India headed by Prime Minister Narendra Modi has always believed in transformative programs be it Digital India, Make in India and Startup India. These initiatives have empowered ordinary Indians, led to digital inclusion, encouraged innovation and entrepreneurship and raised the stature of India as a global digital power. Promotion of […]
India approves MSP for 14 kharif crops, hikes support price for paddy, cotton
NEW DELHI: The government of India on Monday hiked the minimum support price (MSP) of paddy marginally by Rs 53 per quintal to Rs 1,868 per quintal for the 2020-21 crop year, while the rates for oilseeds, pulses and cereals were also raised. The decision, taken by the Cabinet headed by Prime Minister Narendra Modi, […]