FED TO ANNOUNCE THE NEW POLICY INITIATIVES SOON

Highlights

• The culmination of the process could be announced around the Federal Open Market Committee’s meeting
• It includes public meetings and extensive discussions among central bank officials

The Federal Reserve will be soli...

SURVEY: MANY UK FIRMS PLAN TO CUT INVESTMENT SPENDING

Highlights

• These companies expect a slow recovery
• The potential for a no-deal Brexit, coronavirus pandemic, etc. are the few factors responsible for it 

Over the next three years, almost two-thi...

BIG RELIEF FOR CA STUDENTS: ICAI COMES UP WITH AN OPT-OUT OPTION FOR JULY 2020 EXAMS

Highlights

• Students opting for the next attempt, don’t need to pay the examination fees again, only difference if any will have to be paid

• ICAI clearly that it is taking efforts to ensure smooth examination by implementing all the precautionary guidelines

PM MODI REITERATES HIS “VOCAL FOR LOCAL” SLOGAN AT 95TH ICC ANNUAL PLENARY SESSION

Highlights

• Prime Minister Narendra said Indian citizens should take efforts to make this coronavirus crisis a major turning point for nation

• PM Modi said along with COVID-19, India is facing several challenges in terms of locusts swarms, cyclones and oil well fir...

ACMA: INCESSANT WEAK DEMAND WILL LEAD TO HUGE JOB LOSSES

Highlights

• The auto component industry is in the list of five stressed sectors that includes aviation and hospitality

• In order to cope with the operating expenses and already incurred losses, companies will opt for job cuts said Deepak Jain, President of the ACMA...

ED HEADQUARTERS IN DELHI SEALED AFTER SIX TEST POSITIVE FOR COVID-19

Highlights

• Enforcement Directorate headquarters in Delhi has been sealed for two days

• Over 10 officials at ED office have been sent to quarantine

• Despite sanitising the office building two times in a week, a junior-rank officer was previously tes...

BCCI IN DILEMMA OVER HOSTING IPL 13 IN THE COUNTRY

According to the sources in BCCI, the decision-makers in the Board of Control for Cricket in India (BCCI) are divided 3-2 on the topic of the venue for the 13th season of cash rich Indian Premier League (IPL) that was postponed indefinitely, courtesy of the coronavirus pandemic. Majority of the d...

TOTAL 1,774 MUMBAI POLICE STAFF INFECTED WITH CORONAVIRUS, 21 LOST THEIR LIVES

Highlights

• 660 Mumbai Police personnel have recovered from the dreadful COVID-19

• According to Pranaya Ashok, spokesperson and Deputy Commissioner of Police, total 121 cases of coronavirus have been reported in last 4 days

• Most of the coronavirus ...

AIR INDIA STARTS VANDE BHARAT PHASE 3, OPENS BOOKINGS FOR NORTH AMERICA AND EUROPE

Highlights

• Air India website got more than 6 crore hits in just two hours

• Under the phase 3 of Vande Bharat Mission, Air India will operate around 300 flights to Australia, the U.S., the UK, Canada, Europe and certain countries in Africa

• Within o...

80 MIGRANTS LOST THEIR LIVES ON SHRAMIK SPECIAL TRAINS

Highlights

• Shramik special trains started operating from May 1 and have ferried lakhs of migrants home

• After the large-scale return of migrants, the states of Odisha, West Bengal and Bihar have reported significant increase in the number of coronavirus cases

IN LESS THAN TWO MONTHS, INDIA’S PPE INDUSTRY IS WORTH RS 10,000 CRORE

Some body’s loss in some body’s gain, this saying holds true for the global Personal Protective Equipment (PPE) industry. While the majority of industries and businesses are witnessing massive decline in their sales, courtesy of coronavirus pandemic as most of the countries are still ...

EX RBI GOVERNOR SAYS INDIAN ECONOMY WILL SEE A JUMP OF 5 PERCENT IN FY22

Highlights

• Former RBI Governor Duvvuri Subbarao stated that this COVID-19 pandemic is unlike natural disaster and country’s can ramp up growth as companies are still standing and transport system is in place

• Rating agency CRISIL and global investment compan...

INDIA’S RETAIL TRADE LOST BUSINESS WORTH RS 9 LAKH CR IN LAST TWO MONTHS

Highlights

• Both the Central and state governments lost Rs 1.5 lakh crore on the account of GST

• Only 8 percent workforce could resume their duties as nearly 80 percent of employees have migrated to their native places  

According to the stateme...

BOSCH SAYS INDIA’S AUTO INDUSTRY WILL TAKE ATLEAST 6 YEARS TO RECOVER

Bosch is not just an automobile component manufacturer but is a brand that has been used and trusted by millions across the globe. 
On Friday, the world’s largest automobile component manufacturer has stated that the Indian automobile industry may take nearly six years to recove...

CHANCELLOR RISHI SUNAK WANTS TO EXTEND UK MORTGAGE RELIEF SCHEME

According to the Whitehall sources, Chancellor Rishi Sunak is drafting plans to extend UK's mortgage relief scheme beyond the June end as majority of the businesses have not reopened yet.
The sources claim that Chancellor Sunak was having discussions with the banking sector regarding t...

FIFA WORLD CUP 2022 ORGANIZERS FEAR COVID-19 IMPACT ON THE TOURNAMENT

Highlights

• Qatar World Cup is scheduled in the months of November-December in 2022

• The organizers are confident that six out of the eight stadiums will be completely constructed at the end of this year

After cancellation of Tokyo Olympics 2020 and vario...

CHINA-AUSTRALIA TRADE WAR CONTINUES AS BEIJING AMENDS IRON ORE IMPORT RULES

China has imposed new customs inspection procedures on iron ore imports amid their trade war with Australia and this has again escalated trade tensions between the two countries. 
Previously China had imposed tariff of 80 percent on barley and had suspended some shipments carrying bee...

DISCLOSE IMPACT OF LOCKDOWN ASKS THE SEBI TO LISTED COMPANIES

Highlights

• The Securities and Exchange Board of India (SEBI) has stated that at present a small number of entities have disclosed the financial impact of COVID-19 lockdown

• Industry experts are stating this decision by Sebi will help towards building a regulatory ...

APPLE, GOOGLE UNVEIL THEIR JOINT TECHNOLOGY THAT NOTIFIES USERS OF COVID-19 EXPOSURES

Two of the industry giants, Apple and Google on Wednesday unveiled long-awaited smartphone technology that will automatically notify users if they might have been exposed to the COVID-19.
Both the companies stated that at present 22 countries along with several states in the U.S. are think...

HOW BANE MASKS BECAME HOTTEST COMMODITY IN COVID-19 PANDEMIC?

Amid coronavirus pandemic, Bane mask business has boomed and retailers are reporting sales like never before. One of the major reasons behind spike in the demand of this face mask is the state government’s order to mandatory use of face masks whenever they get out of their houses.
Th...