THE DAILY INDIAN
Breaking News:
Thursday, Oct 6, 2022
Around 7.5 million people lost their jobs during the month amid localized lockdowns, says economy think tank India’s Covid-19 second wave is now fueling unemployment with many states announcing localized lockdowns to battle burgeoning cases. Unemployment rose to a four-month high of 7.97% in April, from 6.5% in March and 7.5 million people lost their […]
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India’s B.1.617 variant contains two mutations linked to increased transmissibility and ability to evade our immune system With more than 300,000 new Covid cases a day and hospitals and crematoria facing collapse, Director-General of the World Health Organization Tedros Adhanom Ghebreyesus has called the situation in India “beyond heartbreaking.” India’s government has blamed the people for not following Covid-safe […]
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Online learning giant bets on the hybrid model; hopes to leverage Aakash’s assets for offline growth Indian online learning giant Byju’s is looking to further consolidate its leadership position in the education space and accelerate its offline growth. The country’s most expensively valued education technology startup has closed the deal to acquire exam preparation firm […]
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In just one year of the pandemic, the poverty rate for 2020 in India rose to 9.7% from the January 2020 forecast of 4.3%. Barely 12 hours after announcing a cut in interest rates, the government withdraws the order. The government’s move to cut interest rates on small saving schemes and the quick withdrawal of […]
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Think tank says the country has not fully recovered from Covid-19 induced job losses India’s stringent lockdown last year to contain the spread of Covid-19 has hit employment hard and the country is still not out of the woods, says think tank the Centre for Monitoring Indian Economy. On March 25 last year, the Indian government […]
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The new rates are to be effective from April and are the second hike this calendar year India’s largest carmaker Maruti Suzuki is planning to increase prices for the second time this calendar year to offset the impact of high input costs. In a regulatory filing, the carmaker said the price hike would be across its […]
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The new COVID-19 guidelines will be in effect till March 31 to curb the spread of coronavirus in Maharashtra. Amid a surge in COVID-19 confirmed cases, the Maharashtra government on Monday (March 15, 2021) issued stricter guidelines. The new order will be in effect till March 31 to curb the spread of coronavirus in the state. “All […]
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Shareholders give a resounding okay to transfer the unit to it own subsidiary Indian auto major Tata Motors’ plan to hive off its passenger vehicles business received a shot in the arm after being ratified by shareholders. In a regulatory filing, the company said more than 99% of shareholders were in favor of transferring the […]
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Raghuram Rajan says the target was aspirational rather than a carefully computed one Former Indian central bank governor Raghuram Rajan has raised doubt over the Narendra Modi government’s target to make India a US$ 5 trillion economy by 2024-25. In an interview with the Press Trust of India, Rajan opined that the government’s ambitious target was […]
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These companies downed shutters voluntarily and not due to any punitive action, minister says More than 10,000 companies in India shut down their operations voluntarily since April 2000, according to a government data. During this period the country was in the grip of the Covid-19 pandemic and the government imposed strict lockdowns and travel restrictions […]
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India Ratings and Research sees a modest recovery in the coming fiscal year India’s housing sector has been one of the worst hit due to the Covid-19 induced slowdown and is expected to decline 34% this fiscal year but stage modest recovery in the next fiscal year, says India Ratings and Research. The Fitch Group subsidiary […]
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Mukesh Ambani and Gautam Adani top the Hurun list of the country’s richest people India added 50 new billionaires, while 10 dropped out, amid the Covid-19 pandemic in 2020, even as most households in the country faced financial distress due to the closure of businesses, job losses and pay cuts after lockdowns and travel restrictions […]
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Dasgupta was arrested on December 24, 2020 Bombay High Court today granted bail to former BARC India CEO Partho Dasgupta, who was arrested by Mumbai police on December 24, 2020, in connection with TRP scam. After hearing the arguments by Dasgupta’s advocate Abad Ponda, Justice PD Naik had reserved the order and today grated the […]
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National Statistics Office expects a slide in Q4 and an annual contraction of 8% The Indian economy came out of the contraction zone in the third quarter, after two successive quarters of contraction, but experts warn its woes are far from over as it continues to battle Covid-19 pandemic pain. According to data released by […]
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Jalan Kalrock Consortium awaits NCLT nod and expects to restart operations in six months India’s full-service airline Jet Airways may finally start flying again a few months after being grounded for more than two years. The winning bidder for the bankrupt airline, Jalan Kalrock Consortium, expects to restart operations in four to six months after it receives […]
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An official did not say who had told the firm to prioritize India, or whether the instructions were new The world’s biggest vaccine maker, India’s Serum Institute, has urged other countries to be “patient” about it supplying anti-coronavirus shots, saying it has been instructed to prioritize its home market. “Dear countries & governments, as you […]
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Myanmar’s coup was clearly long in the making judging by the characters who have emerged at the regime’s forefront The funeral on Sunday of Mya Thwet Thwet Khine, the 19-year-old woman who was shot on February 9 in the Myanmar capital of Naypyitaw and died ten days later drew huge crowds. She had taken part […]
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US giant will work with subsidiary of Foxconn to begin production at a factory in the southern city of Chennai Amazon will begin making Fire TV sticks in India, the US tech giant said Tuesday, its first device manufacturing line in the country as it fights for a share of its booming e-commerce market. The remote […]
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After the turnout of healthcare workers for vaccination goes down, the Navi Mumbai Municipal Corporation (NMMC) commissioner has written to all the doctors asking to sensitise their staff to get vaccinated After the turnout of healthcare workers for vaccination goes down, the Navi Mumbai Municipal Corporation (NMMC) commissioner has written to all the doctors asking […]
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NPCI working to resolve issues
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Former leader Google Pay trails and WhatsApp takes a dive as transaction volumes dip from December Digital payments firm PhonePe has once again emerged as the top app on India’s Unified Payments Interface (UPI) in January, and increased its lead over Google Pay, while Paytm Payments Bank came a distant third. According to the data […]
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Sensor Tower report says it was the top downloaded non-gaming app in January Messaging app Telegram seems to have benefited the most in January from the public backlash against the proposed changes in privacy policy by the market leader WhatsApp. According to the analytics firm Sensor Tower, Telegram was the top downloaded non-gaming app in January, […]
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Shocked by the rampant felling of trees and further encroachments on the Belapur hill, the local residents of Sector 8B have have now filed fresh complaints with the Navi Mumbai Municipal Corporation (NMMC) and the forest department. Radha Khedkar, a resident of Kalpataru Housing Society in Sector 8B, said on Monday: “Not only have several green trees been […]
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Air India and oil marketing firm Bharat Petroleum to be sold by the first half of next fiscal It may be noted that even before the pandemic the country’s economy was not in a good shape. India’s gross domestic product growth has been on the decline since Q4 FY17, and in the last quarter of […]
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Finance Minister Nirmala Sitharaman’s Budget is bold and offers not only a direction for growth but also a strong intent for reforms. Thankfully, it doesn’t have a spoiler. 1. An Expenditure Budget: Finance Minister Nirmala Sitharaman has found space for imparting a fiscal impulse in 2021-22. Compared with a capex of Rs 4.12 lakh crore in […]
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Government projects 14.4% GDP growth in 2021 as new expansionary budget promises broad-based fiscal spending India has unveiled plans to increase spending to pull the country out of its worst-ever economic contraction by identifying key areas that could help revive investment, demand, growth and employment. Some commentators are comparing it to Franklin D Roosevelt’s New […]
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Who gets what in Finance Minister’s Budget? Here’s the fine print Healthcare Government to spend Rs 64,180 crore on healthcare over six years Government sets aside Rs 35,000 crore for Covid-19 vaccine in FY22 Infrastructure To spend Rs 1.41 lakh crore for Urban Clean India Mission Proposes voluntary Vehicle Scrappage Policy Outlay of Rs 1.18 […]
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The Economic Survey’s pitch is that things are looking up for India With the world still firmly in the shadow of the pandemic, the Economic Survey 2020-21 devotes a significant section to covid-19 and its fallout. The report also highlights worries associated with the second wave, which has been far worse in several western nations.On […]
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The dingy and dark underpasses will soon be history in Navi Mumbai The dingy and dark underpasses will soon be history in Navi Mumbai. A drive through some of the underpasses in Navi Mumbai with its beautiful neon hues is akin to driving under a starlit sky. Thanks to the students of JJ School of […]
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Australia’s cheap arrogance & their brand of cricket is buried forever, down under.It will take a lot for someone to revamp the country’s culture. While the master blaster Sachin Tendulkar tweeted how India had a new hero every hour during the final test,Australia produced Villains every hour of the series well led by Tim Paine,Smith […]
MoreModi asked where Guru Gobind Singh was born. “He was born in Patna Sahib in Bihar, and you say you will not let people of Bihar enter. Will you then insult Guru Gobind Singh ji?… Will you insult the land where Guru Gobind Singh was born, will you use such language that you will not […]
MoreWest Bengal CM Mamata Banerjee supremo had reportedly called the DMK chief on Sunday to share her grievances over the governors of non-BJP ruled states allegedly misusing their powers.
MoreDifferent student groups confronted each other at a government college in Chikkamagalur on Monday after Muslim students showed up with hijab. In solidarity with them, sections of Dalit students wore blue neck scarves, while those affiliated to the ABVP came with saffron shawls to counter them.
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Recent years have seen avalanches claim around 20 lives a year in Austria, fewer over the past two years after the pandemic vastly reduced skier numbers.
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