Bussiness

WCL slashes coal auction price of specific mines

In an attempt to offer coal at cheaper price to its consumers in the current scenario, city-based Western Coalfields Limited (WCL), a subsidiary of Coal India Ltd, has taken a step to slash down its coal auction floor price by 10 per cent of its specific mines. The reduced auction price will apply for coal of Mine Specific Source for all auctions to be conducted by WCL only in April 2020. This will help both power and non-power consumers to get coal at reduced price...

Sugar prices likely to decline by 3-4%: Report

THE COVID-19 outbreak is likely to have an adverse impact on sugar consumption, leading to a decline in prices by 3-4 per cent in the near term, according to a report. This is notwithstanding the decline in domestic sugar production along with the exports, which is likely to result in closing stocks correction to 10-10.5 million tonnes for sugar season SY 2020, from 14.5 million tonnes in SY 2019, ratings agency Icra said in its report...

Allow refractory makers to operate plants: IRMA

THE Indian Refractory Makers Association (IRMA) has said refractory manufacturers must be allowed to operate plants during the lockdown period as non-availability of the key ingredient could hit steel production. While the Government has allowed the steel industry to continue operations along with raw materials like iron ore and coke during the lockdown under the Essential Services Maintenance Act, but refractory which is a critical component for production of any high temperature manufacturing process ..

MOIL pledges Rs 45 crore to PM-CARES Fund

State-owned MOIL on Friday said it has extended financial assistance of Rs 45 crore towards PM-CARES Fund to fight the spread of coronavirus. Besides, its employees have also come forward to offer their one-day''s salary for the cause, MOIL said in a statement. ..

CREDAI-MCHI seek interest waiver on term loans

=====REALTORS’ body CREDAI-MCHI , which represents 1,800 builders has written to the Reserve Bank of India (RBI) seeking interest waiver on term loans for the period under lockdown and an additional 30 days. The association welcomed the RBI's recent measures to cut interest rate and boost liquidity into the financial system, besides a moratorium of three months on all term loans due as on March 1, 2020...

AITUC asks Govt to curb hoarding of essential items

The All India Trade Union Congress (AITUC) on Friday urged the Government to take immediate steps to control hoarding of food and other essential items during the lockdown. The country is under a three-week lockdown till April 14 to contain the spread of Covid-19. “AITUC demands of immediate steps to control hoarding, ensure foods to destitutes, vulnerable and poor sections of the society,” AITUC General Secretary Amarjeet Kaur said in a statement...

Airlines witness less bookings from Apr 15

ALTHOUGH domestic airlines have opened online ticket bookings for flights starting from April 15, it seems they are barely getting any response. Travel agents are saying that a lot of people who had planned to take out a trip or group tour have suddenly dropped their plans because of the outbreak of coronavirus in the country and abroad. Travel agents further said that the 21-day countrywide lockdown imposed by the Government has scared the customers and put fear in their minds to go out and interact ..

Banks to remit Rs 500 per mth to women PMJDY account holders

Banks will commence remitting Rs 500 per month to women PMJDY (Pradhan Mantri Jan Dhan Yojana) account holders from April 3. Under Pradhan Mantri Garib Kalyan Yojana Package, a sum of Rs 500 per month is being deposited into the accounts of Women Jan Dhan Yojana beneficiaries by all banks. This is the first of the 3 monthly installments...

14.2 kg LPG cylinder price drops by Rs 115.50 in 2 months

OIL marketing companies (OMCs)have once again slashed the price of liquefied petroleum gas (LPG) giving asigh of relief to consumers. As per the new prices applicable for the month April,the non-subsidized LPG cylinder weighing 14.2 kg will cost Rs 789.50, which isRs 63 less than its price in March. It is for the second time in the currentmonth when the prices have dropped. In February, the price of LPG was at alevel of Rs 905 per cylinder of 14.2 kg...

Housing sales may fall 35 per cent in 2020

INDIA’S residential real estate has been severely hit by nationwide lockdown and sales could fall by up to 35 per cent across seven major cities during the 2020 calendar year following the outbreak of COVID-19 in the country, according to property brokerage firm Anarock. The pandemic would also adversely impact commercial (office and retail) real estate segment, which had been performing well during the last few years despite slowdown in the overall property market. While net office space leasing ..

WCL surpasses target for coal production

Western Coalfields Limited (WCL) has surpassed its coal production target of 2019-20 by a comfortable margin and has also registered highest ever production in a single day on March 31 amidst lockdown due to COVID19. The company has registered a production of 57.64 Million Tonnes (MT) against the target of 56 MT set for the year 2019-20...

‘Retail sales recovery period to start from May’

THE short-term impact of the coronavirus pandemic on retailers in the country will be severe, but retail sales recovery period for India is expected to kick-start from the first week of May subject to the lockdown not being extended further, a report by Capillary Technologies said received here. The report said, until March 16, the consumer retail sales and walk-ins did not see much dip compared to last year and this could be due to festive shopping (Ugadi, Gudi Padwa, Navratri etc)...

Panic buying increases pulses demand by 25%

The demand for pulses in the market have increased owing to lockdown imposed by the Government. The lockdown has been clamped due to outbreak of coronavirus. If sources are to be believed there is an increase in demand of pulses including tur dal and channa dal. Pratap Motwani, Secretary of The Wholesale Grain and Seeds Merchants Association while talking to The Hitavada, said, “Due to the fear of coronavirus across the globe, people are using pulses more in their daily meal which has created a large ..

Mahatma Fule Market forced to close within hour after reopening

MAHATMA Fule Market (Cotton Market) which reopened on Wednesday after the closure for two days for sanitisation was forced to close within one hour as people congregated in huge numbers violating the rules of social distancing. Over 100 years old centrally located wholesale Mahatma Fule Market which is convenient for farmers, retailers as well as buyers was directed to down shutters on March 30 and March 31. The decision was taken by Tukaram Munde, Municipal Commissioner of NMC on March 29. The market ..

Merchants decide rates of edible oil

The Oil Merchants Association convened a special meeting of its members under the guidance of Rajesh Thakkar, President of the Association. He told the members that the country was passing through a bad phase. People should maintain social distancing, use mask and sanitiser as suggested by the Prime Minister. Thakkar said, edible oil falls into the category of essential items and therefore no oil merchants should indulge in black marketing...

Lockdown: Only 5 pc of 90 lakh trucks operating: AIMTC

ONLY 5 per cent of around 90 lakh trucks across India are plying on the roads at the moment due to shortage of drivers and labourers at loading and unloading points following the nationwide lockdown, thereby severely hampering transportation of goods, according to truckers body AIMTC. The All India Motor Transport Congress (AIMTC) said..

RBI’s 3 month EMI moratorium for bank customers

AS PER the Reserve Bank of India’s COVID 19 regulatory package, banks in the city have initiated steps to defer the instalments and interest/EMIs on term loans falling due between April 1, 2020 to May 31, 2020. Accordingly, the total repayment period will be extended by three months over the original repayment period. Customer..

Lockdown: Demand for instant food items on rise

With people taking refuge at their respective homes due to lockdown clamped by the Government, the demand for the snacks and instant food has suddenly multiplied. The supply of biscuits, noodles, packed namkins and other food items is trimmed from the wholesalers to retailers. Prabhakar Deshmukh, President of Nagpur Chillar Kirana Vyapari Sangh said, “Supply to the retailers from distributors and dealers of intants food items is coming closer as we are unable to meet the unprecendent demand from customers...

Coal workers told to abide by Govt rules

WITH coronavirus cases rising in India, Coal India has urged its employees to abide by the guidelines issued by the Government to overcome the current crisis. “I urge all in Coal India family to abide by the guidelines in true spirit issued by Central/State Government, Ministry of Health and Family Welfare or Coal India from time to time,” Chairman ..

Timeline for insurers to submit reinsurance plans relaxed

IN THE wake of coronavirus outbreak, insurance sector regulator IRDAI has allowed insurers to submit their reinsurance plans for 2020-21 with a lag as the pandemic has disrupted operations across sectors...

COVID-19 outbreak credit negative for India’s retail industry: Report

The Coronavirus outbreak is credit negative for India’s retail industry in the short-term amid shutdown of malls as well as closure of non-essential stores across the country, rating agency Icra said in a report. Icra in a report said that as consumers are forced to defer their discretionary spends, the revenues and profitability and the credit profile of the Indian retail industry will be adversely impacted in the short-term...

Tough days ahead for country’s small traders: CAIT

The Reserve Bank of India (RBI) recently allowed banks in the country to provide a three-month moratorium on fixed-term loan and EMI payments to help millions of people with bank dues during the novel coronavirus pandemic. It has also reconsidered working capital requirement with reduced margin but Confederation of All India Traders (CAIT) on Tuesday said that it sees very gloomy picture ahead. “What will happen after three months? How will the small traders of the country will survive?,” CAIT wondered. ..

Kalamna vegetable market re-opens today

After witnessing closure for two-days i.e on Sunday and Monday, the wholesale vegetable market of Kalamna will resume operations from Tuesday morning while the vegetable market of Mahatma Fule (Cotton Market) will commence on April 1. According to information, Tukaram Munde, Municipal Commissioner of Nagpur Municipal Corporation (NMC) had convened a meeting of vegetable wholesalers of Cotton Market on March 29. He directed them to close the market for sanitisation and cleaning purpose..

VIA welcomes power tariff for next 5-year

Expressing satisfaction over the new power tariff for next five years starting from April 1, VIA on Monday said that the Maharashtra Electricity Regulatory Commission (MERC) has issued a very good and balanced tariff order in which all the suggestions of the association were incorporated. “As against additional requirement of Rs 60,313 crore projected in petition of MSEDCL which was almost 13% increase in total ARR (Annual Revenue Requirement), the commission has determined negative i.e. minus Rs ..

Allow online sale of mobile phones: ICEA to Govt

MOBILE devices industry body ICEA has requested the Government to allow online sale of mobile phones, laptops, computers and tablet PCs as well their repair and maintenance in essential services category to support work from home during the ongoing lockdown...

Industry bodies seek extension to financial year till June 30

Industry bodies have appealed to the Government seeking extension of the current financial year, ending March 31, by at least three months till June-end, citing the present economic situation amid the coronavirus pandemic. Representatives from industry chambers including CII, FICCI and Assocham met officials of the Ministry of Corporate Affairs here last week and apprised the government of the issues being faced by them, and gave various suggestions...

Restricted supply lifts prices of essential items

AS THE lockdown continues, prices of essential commodities have shot up due to restricted supply in the market. People are perturbed over the rising prices of basic household items like edible oil, foodgrains, pulses, rice and dals. They are afraid that if things continue like this, the prices of essential commodities may go out of their reach...

Dark clouds looms large over flower business

FLOWER vendors whose business is at its peak during this season is facing heavy losses as Government has clamped lockdown owing to the outbreak of coronavirus. Netaji Flower Market which supplies and caters to the demand of Vidarbha, Chhattisgarh and Madhya Pradesh is closed since March 18 due to coronavirus pandemic. Vijay Wanjari, President of Utpadak, Thok Va Chillar Pushpa Vikreta Sangh while talking to The Hitavada said, “On normal days, daily, there is influx of 50 to 100 tonnes of flowers from ..

ICAI issues guidance note on financial reporting amid coronavirus outbreak

CHARTERED accountants’ apex body ICAI has come out with a detailed advisory on financial reporting and audit of financial statements for the current financial year in the wake of businesses being impacted by coronavirus outbreak. Business activities have been disrupted by the outbreak and the country is also under a 21-day lockdown to curb spreading of coronavirus infections...

COSIA appeals State Govt to come out with relief package

COSIA appreciated the working of State Government particularly its Chief Minister Uddhav Thackeray, who has been successfully able to run the administration taking its allies who have different ideologies together since four months and also keeping a cohesive relation with the Union Government. In this hour of emergency, when the whole world is fighting against pandemic disease COVID-19 the State of Maharasta is the worst affected in the country. But it’s people and Government have shown courage to ..

More time given for completion of RE projects

THE Government has decided to give more time to renewable energy (RE) projects for completion of work in the wake of the 21-day lockdown to fight COVID-19. According to a statement by the Renewable Energy Ministry, the spread of coronavirus has not only disrupted the supply chain of components used in renewable energy projects but has also impacted the availability of workforce...

New leasing of office, retail spaces may take hit in short-term

India’s commercial real estate, which has been performing well for last few years despite slowdown in the property market, is likely to be impacted due to nationwide lockdown as market experts see short-term affect on demand-supply of office and retail spaces, besides pressure on rentals values. Corporates and retailers, both global and domestic, are expected to delay their decisions on fresh leasing of commercial spaces by a quarter...

Sanitization helps if carried out in right manner: Expert

As the world is fighting battle against Corona virus, people all over are leaving no stone upturned to prevent the virus. While the authorities have declared lockdown, people have been following social distancing. Besides, vigilant citizens, organisations and institutions are implementing measures like sanitization and fumigation among others at their respective places to stay safe...

‘Will ensure uninterrupted supply of essential items’

AS THE country is witnessing lockdown, the traders should take extra care to provide essential commodities to the needy citizens. If there are any delays in getting supplies of essential items, traders can approach the local officials to sort things out. The Government will ensure uninterrupted supply of essential items. This was disclosed by Nitin Raut, Guardian Minister of Nagpur, while speaking to traders and local Government ..

WCL posts highest ever single day coal production of 4.29 lakh tonnes

Western Coalfields Limited (WCL), a subsidiary of Coal India Ltd., is forging ahead on its goal to energise the nation by continuing its coal mining activity despite the threat of Corona virus (COVID19). Its dedicated and brave employees are working 24x7 in both underground and opencast coal mines to produce and despatch..

Retail malls may see 10-12 pc decline in rental income: Report

INDIA’S retail malls would see a temporary 10-12 per cent erosion of their rental income due to the lockdown imposed to contain the spread of coronavirus, a report said...

Business correspondents ask banks to provide easy cash facility

THE Business Correspondent Federation of India (BCFI) on Friday appealed to banks and local authorities to help its agents have safe and easy access to cash to provide essential services in semi-urban and rural areas. Business Correspondent Federation of India is a body representing fintech companies working towards the delivery of financial services to underbanked and unbanked. The industry body said due to the 21-day nationwide lockdown on account of COVID-19, the situation is worse in rural India ..

Sensex drops 131 pts as recession fears overwhelm RBI mega rate cuts

  MARKET benchmark BSE Sensex closed lower by 131 points or 0.44 per cent in volatile trade on Friday, cutting short its three-day winning run due to deepening growth concerns and a less-than-expected moratorium on loans announced by the RBI in its monetary policy.Stock markets had rallied around 4 per cent in opening trade in line with firm global markets and ahead of the RBI governor's address. However, stocks lost steam after the policy announcement with the benchmark indices paring sharp ..

Regularly engaging with e-retailers, traders to ensure smooth supply of essential goods: DPIIT

DPIIT on Friday said it is regularly engaging with retailers and e-commerce companies to ensure that the supply chain of essential goods is not disrupted and various facilities continue to function smoothly.Commerce and Industry Minister Piyush Goyal held discussion, through video conference, with stakeholders from e-commerce and logistics industry on Thursday on the issues faced by them due to COVID-19 (coronavirus) lockdown and measures to resolve them.The meeting was attended by representatives ..

Sidbi to provide loans up to Rs 50 lakh to MSEs manufacturing medical supplies to fight COVID-19

  SMALL Industries Development Bank of India (Sidbi) on Friday said it will provide loans up to Rs 50 lakh to micro and small enterprises (MSEs) that are manufacturing medical supplies for fighting the novel coronavirus (COVID-19).The Sidbi Assistance to Facilitate Emergency (SAFE) response against coronavirus scheme will offer loans to MSEs at a fixed interest rate of 5 per cent and with a maximum loan repayment tenure of five years.MSEs engaged in manufacturing of hand sanitizers, masks, ..

Yes Bank shares pare early gains; close about 1 pc lower on BSE

SHARES of Yes Bank, which rose sharply 25 per cent during the session on Friday, later gave up all its early gains on profit-booking. The scrip which zoomed 23.26 per cent to a high of Rs 32.85 on the BSE during the day, later erased the gains and ended at Rs 26.40, down 0.94 per cent.At the NSE, it closed marginally higher by 0.18 per cent to close at Rs 26.65 after advancing 25 per cent to Rs 33.25 during the day. Shares of Yes Bank had gained sharply during the morning trade after the lender approved ..

Exporters urge Govt to allow them to operate factories with minimum workforce

EXPORTERS have demanded a host of steps such as allowing them to operate their factories with minimum workforce, subsidy on interest rates, and extension of incentive schemes in order to deal with coronavirus crisis.These demands were raised during a video conference meeting called by Commerce and Industry Minister Piyush Goyal on Friday with representatives from various Export Promotion Councils (EPCs) from across the country, to assess the impact of coronavirus and lockdown in the country. The councils ..

CAIT expresses satisfaction over social welfare package

The Confederation of All India Traders (CAIT) has appreciated the social welfare package announced by Union Finance Minister Nirmala Seetharaman on Thursday to meet the immediate demands of poor and down trodden sections of the country and workers of organised sector. “Such stimulus package will ensure dignified life ..

Lockdown disrupts movement of trucks, drivers face hardship

Even as the Government announced safe passage for movement of trucks, thousands of the vehicles can be seen stranded at various spots all over the places. Trucks carrying goods are standing in serpentine queues at various check posts, districts and state borders and other similar spots. Pardi Naka, Amravati Road, Butibori and Kanhan are some of the places where serpentine queues of vehicles can be spotted. According to Kuku Marwah,..

Wockhardt starts e-consultation amidst lockdown

IN THIS state of curfew, it is the moral responsibility of all citizens to stay at home and follow social distancing to avoid spread of coronavirus. Wockhardt Hospital has taken a new initiative to provide necessary health care to the people...

CII sets up fund for MSMEs to tackle Covid-19

The Confederation of Indian Industry (CII) has announced setting up of a CII Covid Rehabilitation and Relief Fund (CRR) to assist small enterprises or MSME in rehabilitation. This decision was taken by CII Forum on Covid-19 which is leading industry response measures to the coronavirus pandemic. Following widespread discussions with MSME members across the country, specific measures have been suggested by CII to curtail the impact of coronavirus on the MSME sector...

IOC committed to ensuring fuel availability

In the wake of the Covid-19 outbreak in the country, the demand for petroleum products like petrol, diesel, fuel oil, bitumen, etc., have reduced substantially. The demand for Aviation Turbine Fuel has also come down sharply due to suspension of flights. Keeping this in view, Indian Oil Corporation (IOC) has regulated crude oil throughput at most of its refineries by 25% to 30%. Upliftment of finished products from them in the las..

Scarce supply lifts egg prices in wholesale mkt

THE supply of eggs has come down by half of what it was earlier due to the lockdown clamped by the Government to constrain the coronavirus pandemic. This has lifted the prices in the wholesale market. The prices of eggs have climbed up and are being quoted in the range of Rs 350 per hundred to Rs 380 per hundred, compared to a low of Rs 200 per hundred in the wholesale market about 8 to 10 days ago. This was disclosed by Moiz Burhani of Vidarbha Eggs and President of Mahatma Phule General Merchants ..

KEC International conducts safety training for PowerGrid

KEC International Ltd (KEC), a global infrastructure EPC major and an RPG Group company conducted a two- day safety training for the employees of PowerGrid at KEC’s state-of-the-art training center at Nagpur. The objective of the training..

Ensure regular supply of essential items: Rakshak

“PEOPLE from all sections of the society are supporting the 21 days lockdown declared by Prime Minister Narendra Modi commencing from March 25. Its tough time for all. Grocery, foodgrains, vegetables medicine shops are opened. However, there are chances that situation may go out of control,” said Dyaneshwar Rakshak, General Secretary of Nagpur Chillar Kirana Vyapari Sangh. Rakshak highlighted several reasons to prove his point. He said, the Wholesale Kirana Market is closed. Retailers will provide ..

FICCI welcomes relief measures announced by Finance Minister

“FICCI welcomes the relief measures announced by the Finance Minister with respect to the tax and statutory compliances amid the lockdown imposed to contain Covid19,” said Dr Sangita Reddy, President of FICCI. Moratorium of six months to companies for filing of disclosures on MCA portal and extension of time for holding board/independent directors meeting within prescribed timelines will bring relief to corporates, all of which are facing complete disruption in functioning...

Retail industry to have muted sales growth: Report

DOMESTIC retailers are expected to see muted sales in the wake of the lockdown and the recovery is likely to be gradual as it will depend on consumers’ income, according to a report. The retailers would have to cut back their discretionary spends and expansion plans, which include store additions in the near term, as focus shifts to business continuity, said a report by IIFL Securities. “We expect the recovery to be gradual, as the income impact on consumers weighs on the pace of recovery,” the report ..

‘Crypto should be treated as asset not currency’

Prof M K Bhandari, a Senior Professor of Law in India and currently CEO of Infinity Law -Tech Educational Services- Hyderabad conducted the workshop. He explained the fundamentals of Blockchain technology and its increasing application in governance, land record maintenance, health care, trade, industry, smart contracts; promotion of clean energy supply and protection of human rights. He also shared the global trends and policy as well as regulatory trends in India and other countries related to the ..

Screening of traders and farmers at entry gate of APMC, Kalamna sought

Nitin Raut, Guardian Minister for Nagpur District conducted a meeting with traders and discussed various issues pertaining to lockdown. The meeting was attended by representatives of various trade associations. The meeting discussed about the supply of daily needs items which should be regular by taking various measures to keep infection of coronavirus at arms length. Pratap Motwani, Secretary of The Nagpur Wholesale Grain and Seeds Merchant Association demanded the Guardian Minister to make adequate ..

Trade, industry seek relief from COVID-19 Task Force: CAMIT

Chamber of Associations of Maharashtra Industry & Trade (CAMIT) acknowledging the efforts of Union and State Government in containing the spread of Covid-19 virus in India raised the demand of business community. In a letters addressed to Prime Minister Narendra Modi; Union Finance Minister and others, President CAMIT Dipen Agrawal highlighted that trade and industry were already in distress...

CAIT supports PM’s call of lockdown for next 21 days

The trading community of the country comprising of 7 crore traders and 40 crore of their employees stands in solidarity with the Prime Minister Narendra Modi and Union & State Govts for observing a national lockdown for next 21 days...

Coronavirus: Banks brace for payment defaults, missed targets

Banks are likely to face significant defaults in payment and miss internal targets as more and more states announce lockdowns in the wake of the coronavirus pandemic, senior officials of a number of lenders said on Tuesday. Bankers are also expecting RBI to come out with a forbearance package so that accounts are not classified as NPAs for next few years...

Concessions galore as due dates get extended: CA Julfesh Shah

In view of the deadly affecting COVID 19, the announcement by FM regarding various relief in Income Tax, GST, Company Law, Insolvency & Bankruptcy Code gave some breather to the concerned stakeholders. In Income-Tax the due date for filing returns for FY 18-19 extended to June 30, 2020 with reduced interest rate of 9%,which will give to comfort to the non filers of the returns...

T.I.M.E. to start live online lectures for students

T.I.M.E. ia all set to launch live online classes directly from its head office at Hyderabad. Now students for Management / Law / Hotel Mgmt / Mass Com / Liberal Arts / BBA / B.Com (H) will be able to view and interact with India’s best faculties from the comfort of their homes...

Retail vendors selling vegetables at higher rates

AS the weekly markets have been closed due to the panic of coronavirus, retailers are making hay of it and selling the agriculture produce at higher rates. However, sources said that the supply of vegetables in the wholesale market like Mahatma Phuley Vegetable Market is consistent but due to paucity of workers who are also fear-stricken, the supply to retail market has taken a beating. Ram Mahajan, Secretary of the Mahatma Phuley Vegetable and Fruits Adatiya Welfare Association while talking to The ..

NRAI requests Govt for bailout package for food service sector

The National Restaurant Association of India (NRAI) on Monday said it has requested the Government for a financial bailout package for the food service sector as over 70 lakh direct employees of the restaurant industry are facing a precarious situation due to the coronavirus outbreak. Earlier on March 18, NRAI had issued an advisory to all its members to shut down their dine-in operations till March 31, 2020 in view of the serious health risk to millions of employees and patrons in the food service ..

Have faith in economy, buy in tranches with long-term horizon: Experts

AS THE Indian stock market witnessed its biggest fall in history, city-based experts in the financial market advised the investors not to panic. They said that the crash is a temporary phase which will soon disappear. They also sense a good buying opportunity in the current situation...

Markets bleed as India locks down

THE Indian stock market suffered worst-ever single-day crash on Monday, with the benchmark indices plunging as much as 13.15 per cent, as panicked investors remained in sell-off mode amid lockdowns in several States in the country due to mounting coronavirus cases. The BSE benchmark Sensex plummeted 3,935 points or 13. 15 per cent to close at 25,981.24; while the NSE barometer Nifty cracked 1,135.20 points or 12.98 per cent to settle at 7,610.25...

Marriage halls, lawn owners facing heat of coronavirus

Tent house owners, caterers, marriage halls and lawn owners are feeling the heat of coronavirus as all the bookings upto March 31 has been cancelled due to directives of Government. Umakant Jattewar, President of Nagpur Lawn and Mangal Karyalay Owners Association having 100 members while talking to The Hitavada said, “We have received large number of bookings in the month of March and April. However, all the programmes have been rescinded due to panic of coronavirus...

NCCL supports lockdown decision

NCCL in a meeting held recently appreciated Prime Minister Narendra Modi and Chief Minister of Maharashtra Udhav Thackeray for taking appropriate steps to protect people from coronavirus. All shops excluding daily needs items will remain close till March 31. Vishnu Pacheriwala, President of NCCL, Kailash Jogani, IPP, Anil Sharma, Pradeep Jaju, Govind Pasari, V-Ps, Venugopal Agrawal, Treasurer, Tarun Nirban, Jt Sec, Nitin Bansal, Vasant Paliwal, Sanjay Pande, Shambhu Tekriwal, Manoj Bagadi, Vijay Bansal, ..

Shops of essential items will remain open: Dy Collector

RAMESH Ade, Deputy Collector of Nagpur had called open traders who are dealing in daily needs items at Civil Lines office. Also present was Anil Sawai, Nagpur FDO and other officers. Members of the various traders associations were also present. Pratap Motwani, Secretary of The Wholesale Grain and Seeds Merchants Association who was also present in the meeting informed that the Deputy Collector had directed that all markets of essential items to remain open...

CAIT asks PM to declare economic package for domestic trade

In support of Prime Minister Narendra Modi’s call for ‘Janata Curfew’ more than 7 crore traders across the country, led by the Confederation of All India Traders (CAT) closed their businesses on March 22 and nearly 40 crore of their employees stayed at their homes and participated in ‘Janta Curfew’. About 60,000 commercial markets all over the country remained closed with no business activities. Joining hands with CAIT, about 1 crore transporters, 4 crore hawkers and 2 crore small scale industries ..

Trade & industry should work ethically: VED

As we head towards the end of the business calendar year, we are unfortunately being confronted by a global public health emergency whose nature, impact and cure are not even remotely known, as yet. Till now, India has not experienced a major outbreak of corona cases but complacency and callousness would put us in danger. The biggest problem many countries are currently facing with respect to the coronavirus is its exponential growth...

Shree Swami Samarth Hospital offers EECP treatment

Shree Swami Samarth Hospital, a leading centre in Vidarbha which treats 70-100 per cent heart blockagtes non-surgically. The hospital has two latest advanced EECP TS3 Machines which are a great boon to treat all heart patients. It is the only hope for cardiac failure among patients having low ejection fraction. The treatment improves ejection fraction...

Industrial units to remain closed till 31st

As per the direction of the district administration, all the industrial units in Vidarbha region will remain closed till March 31. The administration directed the industrialists on Saturday to shut down the units with immediate effect in an attempt to control the spread of coronavirus outbreak here. The direction is also applicable to all the industries including continuous process industries. There are mega units in the region wherein production is going on round the clock and it requires very complex ..