At present, remittances for normal imports (excluding import of gold/diamonds and precious stones/jewellery) into India are required to be completed within a period of six months from the date of shipment by the overseas supplier, except in cases where amounts are withheld towards guarantee of performance. … [Read more...] about COVID-19 impact: RBI announces measures to support foreign trade
Covid 19 pandemic
The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, plunged 13.6 percent last month. That was the biggest drop since the government started tracking series in 1959, and followed a 6.9 percent tumble in March. … [Read more...] about COVID-19 pandemic: US consumer spending tumble in April
"The inventory with channel partners, shorter season period, and aggressive pricing may pose challenges in covering up the lost season sales in the coming months. The demand pattern and behaviour of the Consumers might undergo a change, and spend towards discretionary products may be withheld, temporarily affecting the growth of the industry in 2020-21," the company said in a statement. … [Read more...] about COVID-19 impact | Re-mobilisation of workforce at project sites an arduous task: Voltas
Of the 265 deaths reported since Friday morning, 116 were in Maharashtra, 82 in Delhi, 20 in Gujarat, 13 in Madhya Pradesh, nine in Tamil Nadu, seven in West Bengal, four each in Telangana and Rajasthan, two in Punjab and one each in Chhattisgarh, Jammu and Kashmir, Andhra Pradesh, Jharkhand, Karnataka, Kerala, Uttarakhand and Uttar Pradesh. … [Read more...] about Coronavirus in India | Over 11,000 COVID-19 patients ‘cured’ in last 24 hours, recovery rate climbs to 47.4%
Simply Save podcast | Can debt funds really assess credit risk? Coronavirus Essential podcast | Kerala see another wave of infections; MHA refutes lockdown 5.0 claims; SC takes note of migrant issue Taking Stock | Market rises for second day in a row; investors richer by nearly Rs 2 lakh cr in a day … [Read more...] about Coronavirus Essential podcast | RBI’s push to revive economy, does COVID-19 spread through corpses?