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India’s housing sector facing its worst-ever crisis: CREDAI

IANS New Delhi Already reeling under liquidity concerns, low demand and high inventory levels, India’s housing sector is facing its biggest-ever crisis amid the pandemic and the nationwide lockdown, says Jaxay Shah, the Chairman of the Confederation of Real Estate Developers’ Associations of India (CREDAI). Shah said that the sector is currently in a “very fragile” state as it has …

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Council may find it difficult to raise GST rates

IANS New Delhi The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June. A top government source said that the Centre is not in favour of increasing tax rates on any goods or service as it could further impact consumption and demand that is already suppressed due the Covid-19 …

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Crushing the coronavirus uncertainty will be the big ‘unlock’ for economies

IANS New Delhi Crushing the coronavirus uncertainty will be the big ‘unlock’ for economies around the world and to safeguard lives and livelihoods, restoring confidence is a must, according to a report by McKinsey & Co. “The objective now must be to crush uncertainty as soon as possible. As we have seen in previous crises,when uncertainty subsides, confidence returns and …

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Council may find it difficult to raise GST rates

IANS New Delhi The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June. A top government source said that the Centre is not in favour of increasing tax rates on any goods or service as it could further impact consumption and demand that is already suppressed due the Covid-19 …

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Delhi HC restrains Quikr, Olx from posting ads related to Reliance, Jio

IANS New Delhi The Delhi High Court has granted Reliance Industries Limited (RIL) an interim injunction against Quikr and OLX India and restrained them from publishing any ads containing the name Reliance or Jio. In an order, Justice Mukta Gupta of the Delhi High Court in the plaint concerning Quikr said, “From the facts noted above the plaintiffs have made …

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Tobacco farmers ask govt to shun policies aping West

IANS New Delhi The Federation of All India Farmer Associations (FAIFA), a non-profit organization representing farmers and farm workers of commercial crops on Friday lauded Prime Minister Narendra Modi’s ‘Vocal for Local’ campaign and appealed to the government to shun the legacy of tobacco control policies aping the Western world and adopt policies that are rooted in the reality of …

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Vistara adds more flights for essential travel needs: CCO

New Delhi: Full-service carrier Vistara has witnessed a reasonable domestic demand on account of the pent-up travel needs of passengers, the airline’s key executive told IANS. Accordingly, since the start of the domestic services on May 25, the airline has pressed more aircraft into service and added newer destinations. However, it remains cautiously optimistic about the future growth prospects for …

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Fuel prices may rise by Rs 5/litre after daily revision restarts

New Delhi: Be ready to face up to Rs 4-5 per litre increase in the pump price of petrol and diesel next month with public sector oil marketing companies bracing up to restart daily price revision of the two petroleum products after the lockdown is lifted in June. Official sources in public sector oil marketing companies said that all fuel …

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A business clinic to help Kerala MSMEs in corona times

Kochi: In these pandemic times, when the businesses are gravely affected and the MSMEs are particularly feeling the heat, a Kerala institute has come up with an initiative to help the distressed industry. The Institute of Small Enterprises and Development (ISED) has come out with a unique platform — ‘’business clinic’’ for extending advisory services to the COVID-19 affected MSMEs …

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Uttarakhand launches scheme for returning migrants

Dehradun: Uttarakhand Chief Minister Trivendra Singh Rawat launched a scheme on Thursday under which loans will be given to the migrants returning to the state in the wake of the coronavirus pandemic for self-employment. Loans will be given to the eligible applicants under the Mukhya Mantri Swarojgar Yojana for projects worth Rs 25 lakh in the manufacturing sector and Rs …

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