Cement production to witness steepest fall ever in FY21 : Bulletin: Business Today
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Cement production to witness steepest fall ever in FY21

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May 28, 2020

India's GDP growth to slow down to 1.5% in Q4, says ICICI Bank report
India's GDP growth is expected to slow down to 1.5 per cent in the fourth quarter of the financial year 2019-20 with a "possible downside bias", falling sharply from the 4.7 per cent reported in Q3, on account of the spread of the coronavirus and subsequent lockdown, a research by private lender ICICI Bank said on Wednesday.

Google faces antitrust case in India over payments app
India's antitrust body is looking into allegations that Alphabet Inc's Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case told Reuters.

SBI extends term loan EMI moratorium by 3 months, simplifies EMI deferment process
In a much needed respite to borrowers hit by coronavirus crisis, State Bank of India, the country's largest lender, has extended the moratorium on term loan EMIs by another three months, in line with Reserve Bank of India's (RBI) recent announcement. On May 22, the RBI Governor Shaktikanta Das had announced extension of the moratorium on payment of loans by another three months until August 31.

Cement production to witness steepest fall ever of upto 30% in FY21
With India's economy headed towards its fourth ever recession in fiscal 2021, production of cement in the country is likely to witness its steepest ever decline in a year of about 30 percent, ratings agency Care Ratings has said in its latest report. India is world's second largest consumer as well as producer of cement.
 
Lockdown 5.0: Centre may let states decide on restrictions post-May 31
The Centre may ask states and union territories to take a call on future curbs on their respective jurisdictions after lockdown 4.0 ends on May 31. However, the same will be outside a nationwide 'negative' list that is likely to continue to prohibit international flights and resumption of schools and colleges.

7 deaths reported on-board migrant trains on May 27, Railways says most had underlying conditions
At least seven deaths on-board migrant special trains were reported on Wednesday, officials said, putting the Railways in the dock over its handling of these non-AC trains. The national transporter said most of the deceased had pre-existing health conditions. The seven deaths -- four on-board trains travelling to Bihar and three terminating in Uttar Pradesh -- happened over the past few days, and were reported yesterday.

 


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