With Covid cases & lockdown norms not letting diamond units work in full capacity, $24 bn industry is looking forward to Diwali season hoping for demand to pick up.
Guidelines for Unlock 3, which will kick in from 1 August, say metro, cinema halls, swimming pools, theatres and bars will continue to remain shut. Schools & colleges to stay shut until 31 August.
The labour crisis after the lockdown has highlighted the need for Modi government to invest in human capital for ensuring long-term sustainable growth.
PM Modi asks states & UTs to boost infrastructure and construction work, but cautions them to remain alert to tackle challenges faced by migrant labourers.
Industry says manufacturers have 2-4 weeks of buffer stocks, but prolonged disruption could push up shortage risks, especially of consumables like IV and syringes.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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