India's FY21 GDP growth to be negative or near zero; revival in FY22: FM : Bulletin: Business Today
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India's FY21 GDP growth to be negative or near zero; revival in FY22: FM

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Vivek Punj | October 29, 2020

DGCA suspends international passenger flights till November 30

India's aviation regulator on Wednesday extended the suspension of international passenger flights till November 30 due to coronavirus pandemic. The Directorate General of Civil Aviation (DGCA) added that the international scheduled flights may be allowed on certain routes by the competent authority on a case-to-case basis.

Uber to offer 12,000 free rides to blind, low vision persons in 8 Indian cities

Cab aggregator Uber has partnered with the National Association for the Blind (NAB), to offer free rides to blind, low-vision and other disabled persons, along with their caregivers and teachers. The ride hailing major said that it will facilitate 12,000 free rides worth over Rs 25 lakh. The partnership will be valid until December 2020.

India's FY21 GDP growth to be negative or near zero; revival in FY22, says FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman has said that even if India witnesses negative or near zero growth this fiscal, it will be among the fastest-growing economies next fiscal. Speaking at the CERAWeek India Energy Forum, Sitharaman stated that although the economy may stagnate or contract in FY21, there are visible telltale signs of revival in the economy due to which it will bounce back in FY22.

Union minister Smriti Irani tests positive for COVID-19Union minister Smriti Irani has tested positive for COVID-19. She has requested those who came in contact with her to get themselves tested at the earliest. The minister, who holds textiles and women and child development portfolios, took to Twitter to make this announcement.

Cipla launches 'ELIFast' for COVID-19 antibody detection

Homegrown pharma major Cipla announced the commercialisation of antibody detection kits 'ELIFast' for COVID-19 in India. These test kits have been manufactured in partnership with KARWA Ltd under the technology transfer from the Indian Council of Medical Research (ICMR). The company, however, did not disclose the price of the antibody detection kit.

Gadkari requests Walmart to work with khadi, rural firms to take products to global markets

Union MSME Minister Nitin Gadkari on Tuesday urged retail giant Walmart to work with khadi and village industries to take their products, including khadi denim, to global markets. He also highlighted that the MSME sector in India is a major job creator and contributor to the country's GDP.

Long-term immunity against coronavirus doubtful as antibodies fall rapidly: Study

A person infected from novel coronavirus has a major chance of getting re-infected in just a few months or a year, a new UK-based study has claimed. As per the latest report by Imperial College London, the antibodies against COVID-19 wane over time, which indicates that any level of immunity could last only a few months.

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