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BusinessToday.In
June 7, 2021
As per CRISIL economists, Covid-19 restrictions will continue and mobility will remain affected in some form or other, at least till August. Also, the pace of vaccination will play a huge role in economic recovery


BusinessToday.In
New Delhi, June 3, 2021
A mug of free beer is the latest White House-backed incentive for Americans to get vaccinated for COVID-19. US President Biden on Wednesday announced a 'month of action' to urge more Americans to get vaccinated before July 4. Speaking from the White House, Biden updated the nation on the vaccination rollout and his plans to get 70% of adults partially vaccinated by Independence Day. The other incentives include cash giveaways, sports tickets or paid leave. Anheuser-Busch had announced Wednesday morning that it would 'buy Americans 21+ a round of beer' once Biden's 70% goal is met, through a promotional giveaway on its website that would provide $5 credits to the first 200,000 people. Watch the video for more.Also Read: US' unemployment benefit claims slump to 3,85,500; lowest during COVID-19


Anand Adhikari
New Delhi, May 31, 2021
The Reserve Bank of India (RBI) has been quite supportive post-Covid as it pumped in over Rs 15 lakh crore of liquidity, which was 8 per cent of the GDP. Undoubtedly, the surplus liquidity has helped the corporate sector and banks as they got low-cost funds and also enjoyed the benefits of moratoriums and loan restructuring. The low-interest rates also supported the government in raising huge market borrowings at the lowest cost in the last two decades. But these liquidity operations do entail some costs to the RBI. What surprised many the Rs 1 lakh crore dividend paid by the RBI to the government out of its surpluses in 2020-21. The financial year was of only nine months (July-March) as the central bank changed its accounting year from July-June to April-March. The RBI's annual account shows a net interest outgo of Rs 17,000 crore in liquidity adjustment facility (LAF) operations which include repo, reverse repo, and open market operations. The liquidity in the system also increased by way of RBI's foreign exchange buying operations. Today, the foreign exchange reserves cover the country's 18 months of imports, which is very high. These reserves are low-yielding. In a pandemic year, the RBI has also decided to keep the contingency risk buffer at a lower level of 5.5 per cent of its balance sheet against a higher band of 6.5 per cent. There are experts who suggest that RBI doesn't need a strong balance sheet as government banking exists if there is a crisis. But the bigger question is of central bank independence and the public trusts in the institution.Also Read: Deadline for filing monthly GST sales returns extended to June 26


Reuters
May 28, 2021
The co-founders of one of the world's largest private charitable foundations, filed for divorce earlier this month after 27 years of marriage but pledged to continue their philanthropic work together


Joe C Mathew
New Delhi, May 26, 2021
The National Bank for Financing Infrastructure and Development promises to address the capital needs of the cash-starved infrastructure sector, but execution remains key


BusinessToday.In
May 23, 2021
The White House has recently partnered with online dating apps such as Tinder, Match, and Bumble to encourage more people to get themselves vaccinated against the virus, which has killed close to 600,000 people in the US alone


Vidya S
May 19, 2021
The Mumbai-based management school, launched in January this year under the aegis of BITS Pilani, said plans are afoot to start classes by July depending on the Covid-19 situation


BusinessToday.In
May 19, 2021
India has seen a significant decline in daily Covid-19 cases in the past few days. A total of 2,63,533 new cases were reported on Monday and 2,81,386 on Sunday


BusinessToday.In
May 18, 2021
India reports biggest single-day fall of 1.63 lakh in active cases. Case positivity rate also dips to 14.10 per cent and recovery rate rises to 85.6 per cent


BusinessToday.In
May 17, 2021
This is a significant decline in Covid-19 cases from Saturday when India recorded 3,11,170 fresh cases. Active cases have also seen the biggest decline of 1.01 lakh in a single day


Reuters
May 16, 2021
The COVID-19 crisis has hit the Indian bureaucracy badly with many key officials infected by the coronavirus, slowing decisions on privatisations, among other proposed reforms


BusinessToday.In
May 16, 2021
The top five states that recorded maximum coronavirus cases are Karnataka with 41,664 cases, followed by Maharashtra with 34,848 cases, Tamil Nadu with 33,658 cases, Kerala with 32,680 cases, and Andhra Pradesh with 22,517 cases


PTI
May 16, 2021
Lav Agarwal, Joint Secretary, Ministry of Health said the containment efforts of the Centre are working and the overall positivity rate in India, which stood at 21.9% last week, has now fallen to 19.8%


BusinessToday.In
May 16, 2021
Speaking at a virtual event organised by the University of Chicago Center in Delhi, Rajan stated that India needs a speedy bankruptcy process for the MSME sector


Reuters
May 6, 2021
While the capital New Delhi and several other cities have been hardest hit so far, limited public healthcare, including a dearth of testing facilities, means the threat is grave in rural areas that are home to nearly 70% of the 1.3 billion population


Hari Hara Mishra
April 30, 2021
It is time policymakers and the national disaster management team sit together and find out how to ramp up existing domestic production of COVID-19 vaccines and how to import from manufacturers abroad


PTI
April 27, 2021
The guidelines provide necessary instructions for the appointment of SCAs/SAs, the number of auditors, their eligibility criteria, tenure and rotation, etc., the RBI said


Associated Press
April 22, 2021
Wasim Beg, a spokesperson at the provincial health department, said four people died and 12 were wounded in the bombing


BusinessToday.In
April 20, 2021
In March, PM visited Bangladesh to take part in the neighbouring country's 50th Independence celebrations. It was his first foreign trip since since November 2019


PTI
April 16, 2021
The agreement was announced during French Foreign Affairs Minister Jean-Yves Le Drian's visit to the Indian Space Research Organisation's (ISRO) headquarters in Bengaluru


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