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With hiring set to resume, worst seems to be over for India’s jobless: Staffing firm Quess

MNCs & large Indian corporates have indicated that they may go ahead with at least 70% of their planned hirings, Quess Corp says.
Diamond workers in Surat showing lists of names and phone numbers they submitted to the police station in order to return home by Shramik trains. | Photo: Soniya Agarwal/ThePrint

Surat diamond industry has lost Rs 30,000 crore, but it’s in no rush to restart business

With global economy sinking, safety issues in operations and Covid-19 load, the Surat Diamond Association is focussing on migrants' return and not revival of the industry.
A utility pole in Coonoor, Tamil Nadu | Dhiraj Singh/Bloomberg

Modi govt’s power sector bailout will depend on states clearing dues of utilities

States that want to avail the bailout announced in the stimulus package need to provide a timeline for payment of pending power bills and subsidies.
An employee walks past gantry cranes loading shipping containers onto trucks from the Cosco New York container ship docked at the Jawaharlal Nehru Port, operated by Jawaharlal Nehru Port Trust (JNPT), in Navi Mumbai. Photographer: Dhiraj Singh | Bloomberg

FIEO expects 20% fall in export during FY21 over coronavirus pandemic

Federation of Indian Export Organisations, the apex body of exporters requested the govt to provide 2% additional MEIS support to all exports & 4% to labour-intensive sectors.

Franklin Templeton India may take over 5 years to return investor money

The company's India unit had shut six debt schemes last month in the country’s biggest-ever fund freeze, which triggered shock waves in local credit markets.
Rupee (Representational image) | Dhiraj Singh | Bloomberg File photo

Rupee rises 25 paise to 75.66 against US dollar as Covid-19 vaccine trial boosts investors

Forex traders said that besides the encouraging results in vaccine trial, higher opening of domestic equities and a weak greenback in overseas market supported the local unit.

Govt cuts Employees’ Provident Fund contributions from 12% to 10% for 3 months

This would increase 4.3 crore organised sector employees' take home pay and reduce the liability of 6.5 lakh employees facing a liquidity crunch under lockdown.

MIT professor’s stake in biotech firm Moderna Inc on brink of topping $1 billion

Bob Langer’s 3.2% holding rose to $934.3 million Monday after the firm reported encouraging early trial results for an experimental Covid-19 vaccine.
(Photo for Representation)

Setting fiscal deficit target this year will put Indian economy in straitjacket: Niti Aayog VC

Niti Aayog vice chairman Rajiv Kumar called for taking a dynamic view of the fiscal deficit this year to retain freedom for necessary and appropriate action.
An extension of the lockdown is expected to further hit economic activity that has already come to a halt

Modi govt’s Rs 20 lakh crore stimulus package won’t give immediate boost, economists say

Many economists have concluded that the additional spending boost is far less than the 10% of gross domestic product that the headline number suggests.

On Camera

Does Trump help or harm India’s interests when he offers to mediate with China, Pakistan?

US President Donald Trump Wednesday offered to mediate between India and China over the "raging border dispute".

Defence

Indian and Chinese soldiers jointly celebrate the New Year 2019 at Bumla along the Indo-China border, Arunachal Pradesh

Chinese aggression in Ladakh also a message for domestic and external audience: Experts

International experts say the timing is troubling as it comes at ‘a critical phase in India's internal difficulties with the Covid-19 pandemic’.
Illustration: Soham Sen | ThePrint

PM, CM, DM: India’s 3 big power centres have been exposed by one disaster

The prime minister, chief minister and district magistrate are the three engines of India’s governance, but their handling of the coronavirus pandemic is going awry.