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Top headlines: Nationwide lockdown, Flipkart halts new orders, and moremor





PM Modi broadcasts nationwide 21-day lockdown, appeals for social distancing



Prime Minister (PM) Narendra Modi on Tuesday introduced a 21-day nationwide “curfew”, or a lockdown, to comprise the unfold of COVID-19. He appealed to the individuals “with folded hands” to practise strict social distancing. Subsequent to the PM’s speech, the Union house ministry, in an unprecedented transfer, introduced shutting down all authorities and non-public institutions, other than these concerned in important providers, and all modes of transport, in the course of the length of the lockdown. Read More…

halts new orders from Tuesday evening, to renew in a number of days



Flipkart, one of many two largest e-commerce platforms, will cease taking new orders on its website beginning Tuesday evening, in accordance with inner communication despatched minutes earlier. “We want to first disable taking all orders and then start enabling categories in a sequential manner,” Adarsh Menon, senior vice chairman, mentioned in an electronic mail to staff. Read More…


outbreak: Govt mulls suspending course of for six months


In a aid for small and medium enterprises dealing with the specter of insolvency due to the disaster, the federal government on Tuesday raised the brink for invoking insolvency to Rs 1 crore from the present Rs 1 lakh. Finance Minister Nirmala Sitharaman, whereas addressing the media by video conferencing, additionally mentioned if the scenario continued to be tough, the federal government would contemplate suspending the provisions for triggering insolvency for six months. Read More…


Bond market freezes amid scare; merchants working from house


India’s bond market noticed no buying and selling within the first 30 minutes on Tuesday, as merchants labored from house amid expectations of an imminent price minimize. The quantity within the nameless buying and selling platform, NDS-OM, was Rs 7,210 crore — lower than half the conventional quantity, however not as dangerous as the beginning of the day indicated. The buying and selling quantity picked up within the latter a part of the day because the finance minister held a video-conference on steps to be taken to struggle the financial slowdown. Besides, a Rs 15,000 crore buy of bonds from the secondary market by the Reserve Bank of India (RBI) helped elevate the sentiment. Read More…


Coronavirus lockdown: With no meals or hope, truckers stranded throughout India


Twenty eight-year-old Mohammad Javed, driver of a truck carrying LPG cylinders, has been stranded on the Hubli checkpost since Tuesday afternoon with out meals, water or any hope. The policemen posted on the border wouldn’t permit him to cross over because the COVID-19 lockdown is to be adopted stringently. Javed is amongst some 500,000 drivers and helpers left excessive and dry throughout the numerous state borders, estimates made by the Indian Foundation of Transport Research and Training (IFTRT) recommend. Trucks, even those carrying important items, aren’t being allowed to maneuver following the federal government orders to seal the borders and examine posts. Read More…


Coronavirus lockdown hits provide, chemists’ physique seeks govt assist


With a majority of India beneath lockdown, the going has bought robust for suppliers of important providers, too. merchants, for instance, are dealing with a disaster of logistics. The chemists’ affiliation reached out to the Department of Pharmaceuticals (DoP), state chief ministers and even to the Prime Minister’s Office highlighting the challenges confronted in transporting medicines. Read More…


Ensure provide, grid safety: Contingency plans afoot for energy sector


With India going into an entire lockdown, energy mills (gencos), suppliers, and grid operators are getting into the contingency mode to make sure seamless provide with minimal manpower. While the nation’s largest energy generator, NTPC, initiated an emergency plan per week in the past, Power Grid Corporation of India (PGCIL) has shifted full to distant operations. Read More…


Coronavirus influence: Telcos face a giant problem to maintain India Inc related


Telecom corporations are coping with an unprecedented problem, aside from COVID-19 — of offering seamless web providers for a smoother work-from-home for India Inc. In a bid to do that on the accessible capability, Bharti Airtel and Vodafone Idea have mentioned they’re doing every little thing to maintain the scenario beneath management. Companies have activated a complete pandemic response plan with requisite danger mitigation protocols for retaining networks working as telecom is an important service. Read More…


‘Lockdown Districts’ now off Nielsen’s analysis record


Market analysis agency Nielsen India has discontinued information assortment on its panel shops in “lockdown districts” from March 22, according to authorities measures to curb unfold of Covid-19, and mentioned it is going to influence information continuity and consistency over the following few weeks, reported Economic Times.


Food costs set to rise amid transport curbs to comprise pandemic


Urban India is gazing a doable spike in meals costs and shortage of fruits and greens within the coming days, as transport curbs and pandemic fears open up a large chasm between the farm and the fork. Major crop-growing states like Maharashtra, Madhya Pradesh, Rajasthan, Karnataka and Uttar Pradesh have imposed lockdowns or curfews in a determined try to curb the unfold of the novel coronavirus. Inter-state items transport is in danger as effectively, as truck drivers are harassed at borders, and informal labourers who kind, grade and load harvests are briefly provide. So, whereas customers in cities and cities might shell out extra and recent produce turns scarce, farmers should dump their perishables or depart the crop to rot within the fields. If mandis (rural markets) shutter throughout producer states, the reasonable value rise seen thus far, pushed by panic purchases, may spike, Livemint reported.



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