Lockdown should be last resort: PM Modi

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The PM said the country today was much better equipped to deal with the pandemic in terms of health infrastructure and added all efforts were being made to provide oxygen to those who needed it. Prime Minister Narendra Modi on Tuesday appealed to states not to enforce lockdowns except as the last resort and instead … Read more

Will Covid continue to haunt quarterly performance of India Inc in FY22?

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India Inc’s performance in the subsequent quarters to December and March will depend on how fast the country would have vaccinated and overcome the pandemic. Synopsis The first two quarters of 2021-22 are likely to depict a clear contrast year-on-year since those quarters last year were characterised by the strict nationwide lockdown imposed till May-end … Read more

Toll collections in November surpass pre-Covid levels, says official

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New Delhi: Toll collections across National Highways in November so far have breached pre-Covid-19 levels to hover around 114% of those at the beginning of the year, a senior government official told ET. The number marks a sharp recovery in road traffic since March, when it had dwindled on account of the nationwide lockdown to … Read more

Transport sector likely to contract by 18-20 per cent in FY21: Rating agency Icra

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New Delhi: The domestic road transport sector is likely to contract by up to 20 per cent on account of COVID-19 pandemic-induced challenges, rating agency Icra said on Thursday. It has also revised the outlook on the logistics sector from ‘Stable’ to ‘Negative’, given the prevailing circumstances and its impact on the industry metrics. The … Read more

Opposition seems to have lost its sting during pandemic, but the ruling party is consolidating its base

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Pradyut Bordoloi and Gaurav Gogoi, members of Parliament from Assam, failed to catch the last flight from Delhi to Guwahati on March 24. Until the previous day, both the Congress MPs were present in the Lok Sabha for the budget session. And neither of them had an inkling that a nationwide lockdown was in the … Read more

Digital payment transactions in India rise 23% between June 3-July 2: Report

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NEW DELHI: Digital payment transaction saw a 23 per cent jump in the past one month, signalling a rebound after the decline seen during the nationwide lockdown, according to a report by fintech platform Razorpay. The report analysed consumer behaviour and digital spending patterns during lockdown and in the later days. “With the economy inching … Read more