Tuesday, September 29News That Matters

Tag: pandemic

Business

RBI extends enhanced borrowing limit for banks under marginal standing facility – Times of India

MUMBAI: Amid the ongoing economic woes created by the coronavirus pandemic, the Reserve Bank has decided to extend by six months the enhanced borrowing facility provided to banks to meet liquidity shortage till March 31, 2021. The RBI, as a temporary measure, had increased the borrowing limit for scheduled banks under the marginal standing facility (MSF) scheme from 2 per cent to 3 per cent of their Net Demand and Time Liabilities (NDTL) with effect from March 27, 2020. The facility, which was initially available up to June 30, 2020 was later extended up to September 30, 2020 in view of the disruptions caused by the Covid-19 pandemic. "With a view to providing comfort to banks on their liquidity requirements as also to enable to continue to meet LCR requirements, it has been decided to ...
Business

Corporate affairs ministry extends deadline for various schemes amid Covid-19 – Times of India

NEW DELHI: Providing relief to companies amid the coronavirus pandemic-induced disruptions, the government has extended the duration of "several schemes" till December 31, including the fresh start scheme. The corporate affairs ministry has extended the Companies Fresh Start Scheme and the LLP Settlement Scheme, besides allowing companies to conduct EGMs (extraordinary general meetings) and board meetings through video conference or other audio-visual means till end of this year. Coronavirus outbreak: Live updatesFurther, the scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 as well as the deadline for independent directors to register themselves on a data bank for them has been extended. The earlier deadlines wer...
Business

Telecom has bright future; have full faith in professionalism of operators: Outgoing Trai chief – Times of India

NEW DELHI: The telecom sector, backed by strong demand for services and its ability to adapt swiftly to changes even amid disruptions, has a bright future ahead, outgoing Trai chief R S Sharma has said. Sharma said he has full confidence in professionalism of telecom operators, adding that he believes that "competition is the name of the game" and competitive pricing will continue in a free market economy. "I have full faith in professionalism of the telecom operators. They are highly qualified and highly professional people managing technology and networks...These have been very disruptive times, from multiple angles, but I think the industry leaders are capable enough to come out (of) these disruptive times," Sharma said. While every sector has its share of "ups and downs" and "variat...
Business

Indian economy to contract 11% in FY21: Icra – Times of India

MUMBAI: Domestic rating agency Icra further revised down its GDP estimate for the country on Monday and now expects the Indian economy to contract by 11 per cent in FY21. The agency, which was earlier estimating a contraction of 9.5 per cent, said the revision has been done as the rate of new Covid-19 infections remains elevated. It can be noted that some analysts have pegged the economy to contract by up to 14 per cent after the release of the official GDP data for Q1FY21 which showed a 23.9 per cent decline. The RBI is yet to give its estimate on the Gross Domestic Product (GDP) and has been maintaining that it will be contracting. The rating agency added that if the number for Q1FY21 gets revised down after data for the small businesses and less formal sectors becomes available, the ...
Career and Education

Nagpur University to Conduct Final Year Exams Via ‘RTMNU Pariksha’ App from October 1

The app provides students all the necessary instructions regarding the exams and also a mock test, which the students can take for practice. The exams will be held from October 1 to 18 as per the university's time table. PTIUpdated:September 28, 2020, 4:25 PM IST Image for reprsentation. Nearly 78,000 students of the Nagpur University in Maharashtra will appear for their final year exams online through a mobile app from October 1 in the wake of the COVID-19 pandemic, officials said on Monday. Students can download the 'RTMNU Pariksha' app from the Google Playstore or website of the Rashtrasant Tukadoji Maharaj Nagpur University on Android-based phones, the university's board of examination director...
Career and Education

SKUAST entrance exam: Thousands turn up to take Sher-e-Kashmir University admission test for agricultural courses – Times of India

SRINAGAR: Students in Jammu and Kashmir have started showing their interest in agriculture as thousands appeared to write the entrance examination for agriculture courses at the Sher-e-Kashmir University of Agricultural Sciences and Technology (SKUAST) on Sunday amid the COVID-19 pandemic. Professor Nazeer Ahmed, Vice-Chancellor of SKUAST said that applications for the seven agriculture courses in the state have doubled in the last five years as students were now aware of the scope of high-level scientific research in the field. "I am glad that with each passing year, the number of applicants grows. Five years ago, about 5000 students had applied. This year we have about 10,500 applicants. I believe this is due to the recognition we are getting in the country and around the world. St...
Career and Education

96% candidates appear for JEE-Advanced amid strict Covid-19 precautions – Times of India

NEW DELHI: At least 96 per cent of the candidates, who had registered for JEE-Advanced, appeared for the examination on Sunday amid strict precautions in view of the Covid-19 pandemic, according to the Indian Institute of Technology (IIT)-Delhi, which conducted the exam. A total of 1.6 lakh candidates had registered for the Joint Entrance Examination (JEE)-Advanced after qualifying the JEE-Main. "Out of total registered candidates, 96 per cent appeared for the exam. The number of exam centres were increased from 600 last year to 1,000, and the number of exam cities were also increased from 164 to 222," an IIT-Delhi official said. The Joint Entrance Exam (JEE)-Main for admission to engineering colleges was conducted from September 1 to 6, amid stringent precautions and social distancin...
Business

कोरोनावायरस महामारी के बीच कतर एयरवेज को 2019-20 में 1.9 अरब डॉलर का घाटा

Hindi NewsBusinessQatar Airways Lost 1 Point 9 Billion Dollars In Fy20 Amid Coronavirus Pandemicनई दिल्ली29 मिनट पहलेकॉपी लिंकघाटे के लिए कंपनी ने चार अरब देशों सऊदी अरब, यूएई, बहरीन और मिस्र द्वारा कतर के खिलाफ अवैध एयरस्पेस ब्लॉकेड, बहुमत शेयरधारकों द्वारा एयर इटली का लिक्विडेशन, अकाउंटिंग पॉलिसी एवं रिपोर्टिंग स्टैंडर्ड्स में बदलाव और कोरोनावायरस संकट को मुख्य जिम्मेदार कारण बतायाकतर एयरवेज का कुल रेवेन्यू और अन्य ऑपरेटिंग इनकम 6.4% बढ़कर 51.1 अरब कतारी रियाल दर्ज किया गयापैसेंजर रेवेन्यू 8.9% बढ़ा और कैपेसिटी में 3.2% की बढ़ोतरी हुईयात्रियों की संख्या 9.8% बढ़कर 3.24 करोड़ पर पहुंच गईकतर एयरवेज समूह ने रविवार को मार्च में समाप्त कारोबारी साल में 1.9 अरब डॉलर का घाटा दर्ज किया। कंपनी ने इस घाटे के लिए कई कारणों को जिम्मेदार ठहराया। इनमें चार अरब देशों सऊदी अरब, संयुक्त अरब अमीरात (यूएई), ...
Business

World Tourism Day 2020: How Lockdown Didn’t Stop Wanderlusts Stuck at Home from Travelling

World Tourism Day 2020 / Musical Drive. This World Tourism Day, explore the different corners of Earth all while sitting at home. Trending Desk Last Updated: September 27, 2020, 1:57 PM IST FOLLOW US ON: World Tourism Day is celebrated to raise awareness on the importance of tourism in the social, cultural, political and economic aspects of any region. It has been observed on 27 September since 1980, however, this year, the celebration will be a bit different.With the novel coronavirus rendering the whole world into lockdown mode, recreational as well as work-related travel came to a sudden...
Business

N95 Masks are Most Effective in Blocking Particles, Cloth Covering Releases Fibre into Air: Study

When it comes to face masks, surgical N95 masks are the most potent for blocking most particles, if a recent study is to be believed.The study published in the Scientific Reports analysed the difference between surgical/professionally created masks and homemade cloth masks. They found that N95 masks and common surgical masks were able to cut down most of the aerosolized particles emitted during breathing, talking and coughing. They later tested a batch of homemade cloth face covers and found that instead of cutting, these masks were also releasing a fair amount fibre into the air. The study was carried out at the University of California and published on Medical Xpress.With the COVID-19 pandemic, masks are now an essential commodity. With still no vaccine or co...