BUSINESS

 Press Trust of india

COVID-19 outbreak: Amid equipment shortage, a curious case of imported used ventilators

COVID-19 outbreak: Amid equipment shortage, a curious case of imported used ventilators

New Delhi: At a time when the world is struggling to get ventilators to treat COVID-19 patients, 200 such equipment are lying at Chennai port but they are ‘second-hand’ or ‘used’ ones and come under the ‘hazardous’ category. Import of such used equipment is prohibited under hazardous waste management rules of the Ministry of Environment […]

 Press Trust of india

Pharma exports to miss USD 22 billion target due to lockdown: Official

Pharma exports to miss USD 22 billion target due to lockdown: Official

Hyderabad: : Pharma exports from India may witness a dip in growth due to ongoing lockdown and also export restrictions imposed on certain drugs, a top official of Pharmaceuticals Export Promotion Council, a body under the Ministry of Commerce which earlier estimated that exports may cross USD 22 billion in FY 20 has said. Udaya […]

 Press Trust of india

Petrol sales shrink 17.6%, diesel 26% in March as lockdown wipes demand

Petrol sales shrink 17.6%, diesel 26% in March as lockdown wipes demand

New Delhi:  India’s petrol sales shrank by 17.6 per cent and diesel demand tanked nearly 26 per cent in March as the economy froze under the nationwide lockdown announced to check the spread of COVID-19. Also, aviation turbine fuel (ATF) sales fell by 31.6 per cent as flights got suspended alongside the shutting of businesses […]

 Press Trust of india

Govt tightens export ban norms for anti-malarial drug hydroxycloroquine

Govt tightens export ban norms for anti-malarial drug hydroxycloroquine

New Delhi: The government has tightened the export ban norms on anti-malarial drug hydroxychloroquine by including special economic zones (SEZs) under its prohibition ambit to ensure there is no shortfall during Covid-19 crisis. US President Donald Trump has said that he has requested Prime Minister Narendra Modi to release the amount of Hydroxychloroquine ordered by […]

 Press Trust of india

Covid-19: Niti CEO writes to NGOs for assistance in relief measures

Covid-19: Niti CEO writes to NGOs for assistance in relief measures

New Delhi:  Niti Aayog CEO Amitabh Kant has written to over 92,000 NGOs appealing them to assist the government in identifying Covid-19 hotspots and delivering services to vulnerable groups. Kant, who is heading the Empowered Group (EG 6) on coordinating with private sector NGOs and international organisations, has also written to all chief secretaries urging […]

 Press Trust of india

Minimum spot power price dips to 70 paisa/unit for supply on Sunday

Minimum spot power price dips to 70 paisa/unit for supply on Sunday

New Delhi: The blackout call has a bearing on energy market as spot power price dropped to around 70 paisa per unit for supply during the 15 minutes block from 9PM to 9:15 PM on Sunday at Indian Energy Exchange. The minimum spot power price was around Rs 2 per unit for supplies for Saturday […]

 Press Trust of india

PIL in SC seeks full wages for MGNREGA workers for lockdown period

PIL in SC seeks full wages for MGNREGA workers for lockdown period

New Delhi: A fresh PIL has been filed in the Supreme Court seeking a direction to the Centre and authorities to pay full wages to MGNREGA workers for the entire period of the nationwide lockdown. The 21-day lockdown from March 25 was announced by the government to prevent the spread of the novel coronavirus. The […]

 Press Trust of india

Govt nominates IOB for collecting donations for PM Cares Fund

Govt nominates IOB for collecting donations for PM Cares Fund

Mumbai: State-owned Indian Overseas Bank (IOB) on Saturday said the government has nominated it for collection of donations for PM-Cares Fund. The Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM-Cares Fund) was set up on March 28 to raise money for combating the Covid-19 crisis and to provide relief to the affected. “Indian […]

 Press Trust of india

Carpert exporters seek special stimulus package for sector

Carpert exporters seek special stimulus package for sector

New Delhi:  Exporters body for carpet sector CEPC has sought a special incentive package from the government as the labour intensive sector is facing huge problem due to the lockdown and coronavirus pandemic. Carpet Export Promotion Council (CEPC) Chairman Siddh Nath Singh said all the carpet units are completely closed in India, including the major […]

 Press Trust of india

'India's tourism sector may lose Rs 5 lakh cr, 4-5 cr jobs could be cut due to COVID-19'

'India's tourism sector may lose Rs 5 lakh cr, 4-5 cr jobs could be cut due to COVID-19'

New Delhi: The coronavirus pandemic would have a debilitating impact on India’s tourism sector with the industry estimating an overall loss of Rs 5 lakh crore and job cuts for 4-5 crore people. Of the total losses, the organised sector in the industry — branded hotels, tour operators, travel agencies which are the mainstay of […]

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