Delhi government seeks Rs 5,000 crore from Centre to pay employees’ salaries
NEW DELHI: The Delhi government has demanded Rs 5,000 crore assistance from the Centre to be able to pay salaries to its employees, Deputy Chief Minister Manish Sisodia said on Sunday. Sisodia, who also holds the finance department charge, said the Delhi government requires Rs 3,500 crore per month to pay salaries to its employees […]
Spanish Prime Minister wants state of emergency extension
MADRID: Spanish Prime Minister Pedro S nchez says he will ask Spain’s Parliament for a final two-week extension of the nation’s state of emergency that has allowed the government to take lockdown measures to control its coronavirus outbreak. S nchez says this will be the last, definitive extension of 15 days. The current state of […]
Al-Aqsa mosque in Jerusalem reopens after two months
Jerusalem’s Al-Aqsa mosque compound — the third holiest site in Islam after Mecca and Medina in Saudi Arabia — reopened on Sunday after being closed for more than two months because of the coronavirus pandemic. Dozens of worshippers in protective masks were let into the compound before the first prayers of the day, held in […]
Mamata Banerjee borrowing money to run West Bengal: BJP
KOLKATA: The Trinamool Congress government is borrowing money to run the state and Chief Minister Mamata Banerjee announced a package for relief operations in Cyclone Amphan-hit areas without getting proper information from districts, West Bengal BJP chief Dilip Ghosh said on Friday. The state government has taken an overdraft of at least Rs 1,500 crore, […]
Coronavirus lockdown extended till June 30 in India; malls to open, no to cinema halls, metro trains
NEW DELHI: India’s Ministry of Home Affairs (MHA) issued new guidelines to fight COVID-19 and for phased re-opening of areas outside the Containment Zones, today. The guidelines would come into effect from June 1, 2020 and would be effective till June 30, 2020. The current phase of re-opening, Unlock 1, will have an economic focus. […]
Donald Trump bans entry of certain groups of Chinese students to USA
By Lalit K Jha WASHINGTON: US President Donald Trump has issued a proclamation banning the entry of Chinese students and researchers having ties with the People’s Liberation Army to dismantle China’s efforts to use graduate students to acquire intellectual property and technology from America. Trump’s announcement came amidst escalating confrontation between the US and China […]
Chile, Peru secure credit lines from IMF amid Covid-19 pandemic
NEW DELHI: The IMF approved a two-year $24 billion credit line for Chile on Friday as the South American nation battles the growing impact of the coronavirus pandemic. The announcement came a day after Peru secured a two-year, $11 billion credit line, and as Latin America becomes a growing hotspot for COVID-19. The Flexible Credit […]
Core sector output contracts by record 38.1 per cent in April
NEW DELHI: The output of eight core infrastructure industries shrank by a record 38.1 per cent in April due to the coronavirus-induced lockdown, according to the official data. The eight core sectors had expanded by 5.2 per cent in April 2019, the data released by the Commerce and Industry Ministry on Friday showed. In March […]
India’s GDP growth stands at an 11-year low at 4.2% in FY20
NEW DELHI:India’s economic growth slowed to 3.1 per cent in January-March and to an 11-year low of 4.2 per cent for the full fiscal 2019-20 amid a drop in consumption and investment. The Gross Domestic Product (GDP) growth stood at 5.7 per cent in the corresponding quarter of 2018-19, according to data released by National […]
Amit Shah meets Prime Minister; briefs on CMs views on lockdown
NEW DELHI: Union Home Minister Amit Shah on Friday met Prime Minister Narendra Modi and informed him about the views of all chief ministers on the extension of the ongoing nationwide lockdown beyond May 31, officials said. During the meeting, Shah briefed Modi about the suggestions and the feedback he received from the chief ministers […]
Mamata Banerjee announces relaxations from June 1
KOLKATA: West Bengal Chief Minister Mamata Banerjee announced a series of relaxations from June on Friday while claiming that the number of coronavirus cases is increasing in the state due to the massive influx of migrant workers. She announced that religious places can open up from June 1 and allowed full attendance at public and […]
Sonia Gandhi seeks transfer of Rs 7,500 per month to every family for the next 6 months
NEW DELHI: Congress president Sonia Gandhi on Thursday asked the Central government to unlock its coffers and help the needy affected by the coronavirus-induced lockdown. In a video message posted as part of the Congress’s ‘Speak Up India’ campaign, she lamented that even though the country is passing through a serious economic crisis with loss […]
Punjab Chief Minister asks Centre to give Rs 10,000 to poor people
NEW DELHI: Punjab Chief Minister Amarinder Singh on Thursday demanded that the Centre give Rs 10,000 to the poor and provide financial assistance to small and medium enterprises to resume operation. In a video message as part of the Congress party’s ‘Speak Up India’ campaign, the CM said, “We want the government to give Rs10,000 […]
Private buses to run in Odisha from May 28
NEW DELHI: After a gap of over two months private buses will operate in Odisha from Thursday, the All Odisha Private Bus Owners Association said. The association in its general body meeting here on Wednesday decided to run buses “in phases” with the state government agreeing to fulfill some of their “genuine demands”. “The state […]
Indian economy to contract 5% in FY21: Fitch Ratings
NEW DELHI: Fitch Ratings on Tuesday forecast the Indian economy to contract 5 per cent in the current fiscal on account of slump in economic activities following a “very severe” lockdown that has lasted much longer than expected. In its Global Economic Outlook (GEO) for May, Fitch projected growth to rebound to 9.5 per cent […]
Xanadu Realty announces orderbook of Rs 450 crore over the next two months
NEW DELHI: As the economy acclimatizes to the post-COVID world, Xanadu Realty sets to restart its operations with a new objective. The organization has laid out a foundational approach to get back to business as usual and intends to target customers in five different markets across eight different projects, to achieve Rs 450 Cr in […]