Indian Oil expects gas oil, petrol sales to reach pre-COVID levels : Bulletin: Business Today
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Indian Oil expects gas oil, petrol sales to reach pre-COVID levels

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BusinessToday.In | September 15, 2020

Govt bans export of onion with immediate effect
The government on Monday banned the export of all varieties of onion except those cut, sliced or broken in powder form, to increase availability of the commodity in the domestic market and contain rising prices. There is shortage of onion in the domestic market due to heavy rainfall and floods.
YouTube Shorts launched in India, hopes to fill spot vacated by TikTok banAfter Instagram's Reels, YouTube has rolled out its short video platform called YouTube Shorts to fill the void created by the TikTok ban in India. Ever since TikTok was banned in India, several tech companies came up with their own short video platforms. YouTube too was long-speculated to be developing a similar platform and now the company has finally made it official. The video creation tool would be first available for Indian users.
Indian economy normalising after Q1 slump; growth potential intact: Kumar Mangalam Birla
Kumar Mangalam Birla, Chairman of Aditya Birla Group, exuded confidence that India is on the path to economic recovery after a severe shock in the first quarter of this fiscal. Addressing shareholders of Grasim on Monday, he stated that Indian and global economy are likely to bounce back as a result of fiscal and monetary measures employed across the world.
Public banks need much more than Rs 20,000 crore capital infusion
The government has sought approval from the parliament for Rs 20,000 crore capital for public sector banks (PSBs) via recapitalisation bonds. There will, however, be no additional burden on the government finances as bonds issued by the government will be subscribed by the banks first which, in turn, will come back to them from the government as capital. But the PSBs will require much more than Rs 20,000 crore considering worst-case scenarios.
Rs 65,560 crore to fight future pandemics! Centre to invest in research, healthcare
The Central government is planning to spend Rs 65,560.98 crore under Prime Minister Atma Nirbhar Swasth Bharat Yojana to identify gaps in health infrastructure and effectively face the challenges of COVID-19-like pandemics, epidemics and disasters in future.
Indian Oil expects gas oil, petrol sales to reach pre-COVID levels in H1 FY21Indian Oil Corp, the country's top refiner, expects local demand for gasoline and gasoil to reach pre-pandemic levels in the first half of next fiscal year beginning April 2021, Chairman SM Vaidya said on Monday. India, the world's third-biggest oil importer and consumer, has experienced a sharp decline in its fuel demand, mirroring a global trend following the coronavirus outbreak.
Chinese investment in India falls 28.5% YoY to $163.77 million in FY20Chinese Foreign Direct Investment (FDI) in India declined by 28.48 per cent year-on-year to $163.77 million in the financial year 2019-20, according to an official statement, as souring relations between New Delhi and Beijing led to a fall in investor confidence. The fund inflows from Chinese companies in India have  declined on an annual basis from $350.22 million in 2017-18 to $229 million in 2018-19, Parliament was informed on Monday.

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