Wednesday, 25 May, 2022
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Economy

Govt revises FDI policy over fears of Chinese takeover of Indian firms amid Covid-19 crisis

Press note by Department for Promotion of Industry and Internal Trade says move is aimed at curbing opportunistic takeovers/acquisitions of Indian companies due to Covid-19 pandemic.

50 million workers in Bangladesh need cash transfers to fight the Covid-19 crisis

Workers hit by the Covid-19 crisis in Bangladesh should also be given cash transfers, apart from the food aid that the government is currently providing.

Why it’s still expensive for states to borrow money when Covid-19 has shrunk interest rates

Amid a cash crunch due to Covid-19, states have been forced to borrow at a rate at least 1.3 percentage points higher than the rate at which RBI lends to banks.

Relief to NBFCs, stressed borrowers, credit flow to MSMEs: RBI Governor’s full speech

RBI Governor Shaktikanta Das talked about how the economic landscape of the country has deteriorated due to the pandemic but remarked that there is still hope. Read his full speech here.

RBI gives another big bonanza, this time to NBFCs, stressed borrowers, rural sector, MSMEs

RBI governor Shaktikanta Das says with inflation falling, there is more policy space available to address growth and financial stability amid Covid-19 concerns.

Why eating out will look totally different after the lockdown

Restaurants are among the hardest-hit in the pandemic and they will face major hurdles in getting customers comfortable coming back.

This is what happens to the world’s planes when they can’t fly for weeks

Finding the right space and conditions for 62% of the world’s planes and keeping them airworthy have suddenly become priorities for 2020.

Chinese economy contracts for the first time in decades due to Covid crisis

China’s GDP shrank 6.8% in the first quarter from a year ago, the worst performance since at least 1992, missing the consensus forecast of a 6% drop.

Lockdown will test the resilience of even HDFC Bank, Kotak Mahindra and ICICI Bank

HDFC Bank, Kotak Mahindra & ICICI Bank – India’s strongest private banks – have been unable to escape the effects of the lockdown.

Sensex rises over 222 points, Nifty up at 8,992

The afternoon session saw market gaining positive traction as traders and investors were seen accumulating some large cap stocks.

On Camera

YourTurn

Rise of social media leading to privacy & IP disputes. Indian laws need teeth to tackle them

GDPR directives make platforms such as Facebook and YouTube responsible for ensuring that copyright-infringing content is not hosted on their sites.

World’s $300 trillion in debt. Here’s what it means for services like health, education

To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.

Defence

Boeing's F/A-18 Super Hornet pulls off its first successful launch from a ski-jump at Naval Air Station Patuxent River, US | Photo credit: Boeing

2 American Super Hornets in India as Boeing looks to showcase fighters for Navy deal

Navy looking at about 26 multi-role deck-based fighters for its aircraft carrier. Visit by Super Hornets comes close on heels of similar trip by competitor Rafale M of Dassault Aviation.

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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