Industry chamber FICCI's latest quarterly survey on manufacturing points to a rebound of manufacturing sector growth in the current quarter of financial year 2020-21. While the risk of a potential surge of COVID-19 cases is very much there, the decision to allow mass gatherings (elections in five states of the country are also leading to such gatherings) explains what has changed in terms of the understanding of the disease, strengthening of the diagnostic and treatment infrastructure, development of vaccines and its administration to targeted high-risk groups in India in the last one year. Read for more top stories from the world of business and economy:
Sectors like medical devices, chemicals, fertilisers, pharmaceuticals, textile machinery, electronics and electricals, capital goods and metal and metal products are likely to have registered strong growth in the previous quarter (Q-3 2020-21), FICCI's latest quarterly survey said.
Virchow is the fifth Indian company to have an agreement with RDIF on Sputnik V. Dr Reddy's Laboratories was the first to announce a tie-up with RDIF to conduct the bridge studies (clinical trials) of Sputnik V vaccine.
Janata curfew anniversary: A year later, Covid-19 threat is far from over and several countries, including India, are experiencing another spike in the number of infections.
FM Sitharaman, while moving the bill for consideration and passage, said that expanding the FDI limit in the insurance sector to 74% was necessary as it will help insurers deal with matters regarding financial stress.
Delhi lowers drinking age to 21 years: Additionally, the government stated that it will close all government liquor stores.