Prime Minister Narendra Modi said the nationwide coronavirus lockdown has yielded positive results and the suggested the mantra of 'do gaz doori' as the most effective way of fighting COVID-19. Pre-coronavirus, online grocery retailers were operating at 12-15 per cent average discount levels and experts suggest discounting of essentials to return to its usual level over the next six months. A legal dispute in Delhi High Court has unearthed massive profiteering and over-pricing in kits sold to Indian Council of Medical Research (ICMR). Read for more top stories from the world of business and economy:
Highlighting the importance to enforce guidelines strictly in the hotspots, PM Modi said that the efforts of the states should be directed towards converting the red zones into orange and thereafter to green zones.
The RBI has not yet taken a view on monetising the budget deficit target, but it needs to be "well-calibrated and thought out roadmap" to manage finances, says Shaktikanta Das.
Retail expert Govind Shrikhande says that a lot of platforms such as Swiggy and Zomato which have recently forayed into grocery delivery are bundling products to increase the ticket size.
Dispute between importer and distributor unravels super profits; Delhi HC strikes down sale price by 33 per cent.