coronavirus pandemic

Govt to press ahead with PSU stake sale: FM

Bankers welcome economic package, say will encourage lending to MSMEs

10:54 pm May 13, 2020

Mumbai: The various initiatives announced by the government on Wednesday to support micro, small and medium enterprises (MSMEs) will encourage banks to lend more to the sector, bankers said. Finance Minister Nirmala Sitharaman on Wednesday unveiled a series of initiatives for MSMEs, including Rs 3 lakh crore worth of collateral-free automatic loans for businesses, a […]

International tourism could decline by 60-80 per cent in 2020: UN

2:55 pm May 11, 2020

United Nations: International tourism could decline by 60-80 per cent in 2020 due to the COVID-19 pandemic, resulting in the revenue loss of USD 910 billion to USD 1.2 trillion and placing millions of livelihoods at risk, the World Tourism Organization (UNWTO) has said. The global international agency said that the pandemic has caused a […]

Despite risk of potentially fatal side effects, Trump taking hydroxychloroquine

India sends medical assistance to five friendly nations

1:42 pm May 10, 2020

New Delhi: India has sent medical assistance to the Maldives, Mauritius, Madagascar, Comoros and Seychelles by a naval ship following separate requests from these countries for help in dealing with the coronavirus pandemic. The Ministry of External Affairs said Indian naval ship Kesari is carrying medical teams, essential medicines and food items to the five […]

US wholesale prices up 0.1% in November; food and energy up

Indian-American grocery store owner in Silicon Valley charged with price gouging

11:22 am May 9, 2020

Washington: The owner of a popular Indian-American grocery store has been charged with price gouging during the coronavirus pandemic, when the entire state is under stay-at-home orders. Following consumer complaints, an investigation office revealed that Rajvinder Singh, owner of the popular Apna Bazaar in California’s Pleasanton, had allegedly increased the prices of grocery items following […]

Air India unions challenge in HC pay cut due to pandemic

7:41 pm May 8, 2020

Mumbai: Air India employee unions have moved the Bombay High Court against the airline’s decision to slash allowances, which form a major part of salary, by ten per cent because of the impact of the coronavirus pandemic. Air India Aircraft Engineers Association, All India Service Engineers Association and Indian Pilots Guild filed a writ petition […]