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Pandemic impacts mango business adversely in state

Pandemic imposed lockdown impacted the mango business in the state this year  on top of a poor season with trees bearing less fruit. The low yield is due to unfavourable climatic conditions according to farmers. They said that, production of the mangoes decreased and together with it the lucrative local business of mangoes. A farmer pointed out that, during the …

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Institutional investment in real estate fell 12% in 2019-20: Report

“The US-based property consultant Vestian attributed the decline largely to the tight economic situation during the year and the uncertainty brought forth by the Covid-19 crisis in the last quarter of the year.” Institutional investment in Indian real estate fell 12 per cent to US $ 4.48 billion (around Rs 33,800 crore) in 2019-20 on lower economic growth and uncertainty …

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Goan industry allowed self-certification of labour laws

Continuing with measures to promote ease of doing business in the state, the government is allowed companies to self-certify their compliances with labour laws.   The Self Certification Scheme is launched for the factories, shops and commercial establishments in the state. It aims at liberalizing the enforcement of labour laws towards labour reforms. The objectives of the scheme is to …

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Robust response to Parivartan Karo Na contest

Goans responded enthusiastically to the Parivartan Karo Na contest aimed at encouraging residents to rebound from the lockdown, reports Team B&C In the midst of the coronavirus ordered lockdown,  the GDP Foundation and three local startups Demerg Systems, Internship Station and Goa Bylane, teamed up to conduct an unusual contest Parivartan Karo Na contest. The competition aimed at encouraging Goans …

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What does the rating downgrade mean to India?

By DM Deshpande The Moody’s Investor Services have downgraded India’s sovereign rating by a notch to Baa3 citing several concerns that have hit the economy. This downgrade was expected since the other two major agencies, Fitch and Standard & Poors had already given their verdict on similar lines.    It can be seen and perhaps is after all an alignment …

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What does the rating downgrade mean to India?

By DM Deshpande The Moody’s Investor Services have downgraded India’s sovereign rating by a notch to Baa3 citing several concerns that have hit the economy. This downgrade was expected since the other two major agencies, Fitch and Standard & Poors had already given their verdict on similar lines.    It can be seen and perhaps is after all an alignment …

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Rs 5,000 crore saving by filling strategic oil reserves during lockdown

The country saved Rs 5,000 crore in foreign exchange after it capitalised on the global low oil prices to fill its underground strategic oil storage to shore up insurance against any supply or price disruption, according to the petroleum ministry.   While the 5.33 million tons of emergency storage that is enough to meet India’s oil needs for 9.5 days was …

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The monkey story

By Tensing Rodrigues This is the story of a mother monkey and her baby. I suppose it is one of the Aesop’s fables. A mother monkey was sitting on a boulder in a river caressing her baby. The water in the river began to rise. The mother monkey stood up holding the baby to her bosom. As the water rose …

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Vedanta initiates sustainable measures on World Environment Day

Vedanta celebrated World Environment Day on June 5, with several initiatives such as plantation drives, distribution of saplings and environment related online competitions. Plantation drives were organized at Codli, Amona and Navelim. The plantation drive at Navelim was launched by Mayuri Gawas, sarpanch, while at Amona it was by Kashinath Mhato, sarpanch in the presence of NL Vhatte, director and …

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National Commission rules in favour of Indigo for loss of baggage complaint

By Adv Jatin Ramaiya Indigo Airlines approached the National Consumer Disputes Commission, New Delhi assailing the order by the Rajasthan State Consumer Disputes Redressal Commission holding them responsible for loss of baggage belonging to Aastha Pansari and directing the airline to pay Rs 1.62 lakh towards cost of the contents of the bag along with Rs 50,000  towards compensation for …

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