India Inc's confidence index dips, lowest since 2008 : Bulletin: Business Today
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India Inc's confidence index dips, lowest since 2008

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April 20, 2020

PM Modi shares key motivational message for working professionals in lockdown
Amid the ongoing coronavirus lockdown, Prime Minister Narendra Modi on Sunday said that India's young working professionals can show the way in ensuring a healthier and prosperous future.Adaptability, efficiency, inclusivity, opportunity, and universalism are the essential ingredients of any business model for the post coronavirus world, Modi said in a LinkedIn blog.

Coronavirus impact: Steel demand expected to contract 7.7% in 2020, says ISA
Indian steel demand is expected to plunge to multi-year lows in 2020, hit by slowdowns in the construction, automotive and rail sectors as India fights the coronavirus with a protracted lockdown, a leading industry body said.
Steel demand in India is set to contract 7.7% in 2020 with "significant downside risks", the Indian Steel Association (ISA), which represents some of the top steel producers, has said.
 
DGCA orders airlines to stop bookings till further notice
Amid the coronavirus-induced lockdown, aviation regulator DGCA on Sunday told airlines to stop taking bookings. The first phase of the lockdown was from March 25 to April 14. The second phase began on April 15 and would end on May 3.
 
India Inc's confidence index dips, lowest since 2008
 The Federation of Indian Chambers of Commerce & Industry (FICCI) has revealed in a survey that the Confidence index of India Inc fell to the lowest level in the 4th quarter of 2019-20. This was due to the ongoing Coronavirus pandemic which has brought economic activity to a standstill. The index has fallen to 42.9 in the quarter, against 59 in the previous quarter. It had stood at 37.8 in the second quarter of 2008-09, when India was battling the effects of the global financial crisis.

 13 killed in Canada shooting rampage, deadliest in 30 years
A man disguised as a police officer went on a shooting rampage in the Canadian province of Nova Scotia on Sunday, killing 13 people, in the deadliest such attack in the country in 30 years. Officials said the suspected shooter was also dead.
 
Over Rs 36,000 crore transferred to beneficiaries by DBT in lockdown
The Controller General of Accounts (CGA) office has transferred over Rs 36,659 crore by using direct benefit transfer (DBT) in the bank accounts of just over 16 crore beneficiaries during the coronavirus lockdown. The government transferred the amount under various central schemes through the digital payment technology named Public Financial Management System (PFMS), the Ministry of Finance said in a statement on Sunday. DBT helps in crediting the amount directly to the beneficiary's bank account while cutting down any leakage.
 
Our COVID-19 tests more than India, 9 other countries combined, says Trump
The United States has carried out more tests for the novel coronavirus pandemic than 10 other countries, including India, taken together, President Donald Trump has said. Trump asserted on Sunday that the US continued to make steady progress in its war against the coronavirus disease (COVID-19) and the country had tested 4.18-million people. "That's a record anywhere in the world," he said.




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