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Covid-19 pandemic could lead to 4 per cent loss of real GDP for India: CRISIL Research -Surabhi

-The Hindu Business Line Gross non-performing assets of banks could rise to 11 to 11.5 per cent this fiscal CRISIL Research has stated that the current coronavirus pandemic could lead to a four per cent permanent loss to real Indian gross domestic product (GDP) and said that more fiscal stimulus will be required. Most economies across the globe are unlikely to see normal conditions until 2022 due to the current coronavirus pandemic and...

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Research firm Nielsen slashes FMCG growth forecast for 2020 -Meenakshi Verma Ambwani

-The Hindu Business Line Q1 value growth at 6.3 per cent for the FMCG industry Nielsen on Thursday has slashed its annual growth forecast for India's FMCG sector to mid-single digits in the range of 5-6 per cent for the calendar year 2020, as the world grapples with the Covid-19 pandemic. It had earlier predicted growth to be in the range of 9-10 per cent for India's FMCG sector for the full...

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Lockdown has thrown up huge challenges for trucking business -N Chandrasekaran

-The Hindu Business Line Apart from getting truck drivers and warehouse employees back to their job, logistics operators have to grapple with working capital needs and supply chain inefficiencies A lot has been spoken about the effects of Covid-19 on the economy. The government, large corporates, and the MSME sector are keen to reboot activities that have come to a halt due to the lockdown. Logistics, including transportation, warehousing, order management, and...

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Tripura to create jobs under MGNREGA for those practising shifting cultivation

-PTI/ The Hindu Apart from jobs, the 6,979 ‘Jhumiya’ families will also be provided with seeds for cultivation under the ‘Jhum Sahayata Prakalpa’, according to Minister Nath. Agartala: The Tripura government has launched an initiative to create jobs under MGNREGA for 6,979 families practising shifting cultivation in the State, a senior Minister said on April 29. Apart from jobs, the families will also be provided with seeds for cultivation under the ‘Jhum Sahayata...

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Will COVID-19 Lockdowns Generate Public Support for Climate Change Mitigation? -Rama Mohana R. Turaga

-TheWire.in Many cities are experiencing a dip in pollution levels due to lockdowns. But this may not necessarily translate into support for mitigation policies. In the article published in The Wire Science on April 4, Siddarth Goel presented a good analysis of the initial impact, including the response of business and government, of the ongoing global pandemic on the environment, particularly climate change. The article ends with a note suggesting that heightened...

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