Business

18 Apr

India Revises FDI Policy To Shield Firms During This Pandemic

nebm0 CommentsBusiness

Companies in any country that shares a border with India will have to approach the government for investing in India and not go via the automatic route, the Commerce and Industry Ministry said in a press note spelling out its new foreign direct investment or FDI policy for neighbouring states.FDI in India is allowed under two modes - either through the automatic route, for which companies don't need government approval, or through the government route, for which companies need a go-ahead from the centre.The revised FDI rule seeks to curb "opportunistic takeovers or acquisitions of Indian companies due to the…

17 Apr

The RBI cut its reverse repo rate by 25 basis points

nebm0 CommentsBusiness, North East

The Reserve Bank of India cut its key deposit rate for the second time in three weeks on Friday to discourage banks for parking idle funds with it and push them toward lending to revive the economy amid the coronavirus lockdown. The RBI cut its reverse repo rate by 25 basis points (bps) to 3.75 per cent with immediate effect, as said by governor Shaktikanta das through a video conference. The rate had already been cut by 90 bps on March 27.

15 Apr

Pandemic could trigger social unrest in some countries: IMF

nebm0 CommentsBusiness

New waves of social unrest could erupt in some countries if government measures to mitigate the coronavirus pandemic are seen as insufficient or unfairly favoring the wealthy, the IMF said in a new report on Wednesday. Governments had already spent nearly $8 trillion to combat the pandemic and mitigate the economic fallout, but more fiscal stimulus would be needed once the crisis abated, the global lender said in its semi-annual Fiscal Monitor. The spike in spending would sharply widen fiscal deficits, with global public debt set to rise 13 percentage points to more than 96% of gross domestic product in…

10 Apr

SAARC officials discuss impact of COVID-19

nebm0 CommentsBusiness

As follow up action of the announcement made by the Indian Prime Minister Narendra Modi at the video conference of SAARC leaders on March 15, a video conference of senior trade officials of SAARC countries was held on Wednesday to discuss the impact of travel restrictions and the larger COVID-19 situation on intra-regional trade. Demonstrating keen shared interest and a problem-solving approach in the present challenging circumstances, all countries contributed actively to the discussions on a wide-ranging trade related agenda. “It was recognised in the conference that the COV- ID-19 pandemic is likely to have a considerable adverse impact on…

10 Apr

Streaming service Disney+ crosses 50 mln paid subscribers globally

nebm0 CommentsBusiness, Entertainment, Lifestyle

Walt Disney Co said on Wednesday that Disney+ has attracted more than 50 million paid users, with 8 million of them coming from India where the video streaming service was rolled out last week. Rival Netflix Inc, which has services available in over 190 countries, has nearly 167 million paid subscribers globally as of its last reported quarter.

07 Apr

Family – A short film by Indian Superstars

nebm0 CommentsBusiness, Entertainment, Lifestyle

The corona virus lockdown has impacted daily wage workers and the poor. Many NGOs, volunteers are helping the people who are in need in whatever way they can. Simultaneously, the virus has affected the film industry too. It's the cine workers who are struggling to make the ends meet and the respective industries have stepped up to help these people. But now the whole of Indian film industry has come together and a short film has been made with Superstars of Hindi, Telugu, Tamil, Malayalam, Kannada, Bengali and other languages. Well the short film starts with India's biggest star Amitabh…

06 Apr

‘Konttho’ hits Hoichoi

nebm0 CommentsBusiness, Entertainment

After its successful screening in Bangladesh and West Bengal, Indian Bengali film ‘Konttho’, starring celebrated Bangladeshi actress Jaya Ahsan, has seen its digital world premiere yesterday on Hoichoi, a leading Bengali on-demand video streaming platform. Jointly directed by Nandita Roy and Shiboprosad Mukherjee, the social drama film is inspired by the life of Bibhuti Chakraborty, a survivor of cancer. Alongside Jaya, the film casts Indian actors Shiboprosad Mukherjee and Paoli Dam in the lead roles.

01 Apr

Global coronavirus COVID-19 cases top 9 lakh, death toll 45,371

nebm0 CommentsArunachal Pradesh, Assam, Business, Entertainment, Lifestyle, Travel, Tripura

Italy and Spain bore the brunt of the crisis as the grim tally hit another milestone even though half of the planet's population is already under some form of lockdown in a battle to halt contagion. The coronavirus COVID-19 pandemic infected 905,279 people worldwide and increased the death toll to 45,371 till 11.45 pm (IST- 1/4/20) on Wednesday even as the head of the United Nations has described this crisis as humanity's worst since World War II. The US has recorded the highest numbers of cases worldwide at 199,092 including 4,361 deaths. Italy has a total of 110,574 positive cases…

28 Mar

Tata Group commits ₹1,500 crore to fight Covid-19

nebm0 CommentsBusiness, Meghalaya, Mizoram, Nagaland, North Bengal

The Tata Group--Tata Trusts and Tata Sons-- is the latest to join the fight against coronavirus and will together donate ₹1,500 crore towards coronavirus relief fund, chairman Ratan Tata announced in an Instagram post on Saturday. The funds will be utilized for providing protective equipment to medical personnel, respiratory systems for treating increasing cases, testing kits to ramp up testing in the country and setting up treatment facilities for those who have already caught the virus. The group has also said that it will train health workers and the general public to empower them against coronavirus. “Urgent emergency resources need to…

26 Mar

Drukair takes delivery of its first A320neo

nebm0 CommentsBusiness, Tech Byte, Travel

Adding to its fleet an aircraft known worldwide for its low operating costs and excellent fuel efficiency, Bhutan’s national carrier Drukair has taken delivery of its first A320neo. Now, Drukair has become the world’s latest A320neo customer. Powered by CFM LEAP-1A engines, Drukair’sA320neo features large, fuel-saving wingtip devices known as Sharklets. The aircraft will feature a 2-class cabin layout with 140 seats, reflecting the latest trends in air travel industry, offering passengers greater level of comfort and an enhanced travel experience. The current aircraft fleet of Drukair comprises three A319s and one ATR 42-600. Anand Stanley, President & MD, Airbus…