“Commercial mining of coal will help us tap the locally available reserves and will increase the availability of coal in the Indian market at a cheaper and more affordable price, making us less dependent on imports thereby reducing the trade deficit,” Sajjan Jindal, Chairman of JSW Group, tweeted. … [Read more...] about Coal India share price tumbles 5% after government opens mining to private players
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"Right now 60 percent of the air space is freely available as the air space is restricted for defence purposes. All these years we have been flying to destinations through longer routes. This has to be rationalised as customers end up paying more," the finance minister said. … [Read more...] about Aviation stocks tumble on no relief package, suspension of flights till May 31
First, what drives returns in a gilt fund? Primarily, returns come from a rally in gilt prices. And that rally comes based on interest rates; more specifically, on interest rate cuts or market expectations of a cut in the future. Gilt instruments are the most liquid among debt instruments, and the impact of rate changes is felt the most here. … [Read more...] about Double-digit returns in gilt funds: Should you rush to invest in them?
This comes after a bench of the court, earlier this month, refused to entertain an application seeking a direction to the Centre to identify stranded migrant workers and ensure the provision of food and shelter for them. The application had come after the accident in Aurangabad where 16 labourers were run over by a goods train. … [Read more...] about Coronavirus lockdown | Supreme Court takes suo motu cognisance of plight of stranded migrant labourers: Report
If the country doesn’t recognize this fact and respond accordingly — with large federally funded programs to reverse the losses — we will do great harm to a generation of children who will learn less than those who went before them. They will read and write more poorly and be less likely to graduate from high school and college. The resulting shortage of highly trained workers will hamper the economic recovery and intensify earnings inequality. … [Read more...] about Coronavirus pandemic | The school year really ended in March