Business

Hyderabad, May 6 (PTI) Telangana has no plans to impose a lockdown in the state as it will cripple public life as well as the economy, Chief Minister K Chandrashekhar Rao said on Thursday.

He further said the past experience reveals that lockdown is not effective in controlling COVID-19.

According to Rao, Telangana is the most happening state, about 25 to 30 lakh migrant labourers are earning their livelihood in the state and their lives were ruined during the first spell of lockdown in 2020.

New Delhi, May 7 (PTI) Congress leader Rahul Gandhi on Friday attacked the Union government over the central vista project, terming it a "criminal wastage" and asked the dispensation to focus on people's lives.

The redevelopment project of the Central Vista -- the power corridor of the country -- envisages a new triangular Parliament building, a common Central Secretariat and the revamping of the three-km-long Rajpath from the Rashtrapati Bhavan to India Gate and new residences for the prime minister and the vice president.

BEIJING (AP) — China’s trade with the United States and the rest of the world surged by double digits in April as consumer demand recovered, but growth appeared to be slowing.

Global exports rose 32.3% over a year ago to $263.9 billion, in line with March but down from the explosive 60.6% rise in the first two months of 2021, customs data showed Friday. Imports increased 43.1% to $221.1 billion, accelerating from March’s 38.1% expansion.

06 May 2021; MEMO: Jared Kushner is to launch the Abraham Accords Institute for Peace to work on deepening the normalisation agreements between Israel and Arab countries during his father-in-law Donald Trump's time in the White House, Axios news website reported on Wednesday.

06 May 2021; MEMO: The UAE has taken steps to provide relief to expats facing an uncertain future in the Gulf state but only for a select number of wealthy individuals.

06 May 2021; MEMO: Head of the Libyan Government of National Unity, Abdul Hamid Dbeibeh, affirmed that his country adheres to the maritime agreement signed between Tripoli and Ankara, and pledged not to abandon the deal.

Dbeibeh said that the Libyan government disagreed with Greece's evaluation of the agreement, stressing that "the deal serves the Libyans, and we will not withdraw from it."

Jaipur, May 6 (PTI) Rajasthan Chief Minister Ashok Gehlot on Thursday hit out at the Prime Minister Narendra Modi-led central government over rise in fuel prices after the completion of assembly elections in five states.

He said the central government should reduce the tax on petrol and diesel and give relief to the "already troubled" people.

Mumbai, May 5 (PTI) In a bid to provide succor from scourge of COVID-19 pandemic, the Reserve Bank on Wednesday came out with Resolution Framework 2.0 under which individuals and small businesses having exposure up to Rs 25 crore can opt for loan restructuring if they had not availed the earlier scheme.

In case of those who had availed the loan restructuring under the earlier scheme, RBI permitted the banks and lending institutions to modify the plans and increase the period of moratorium.

BEIJING (AP) — China on Thursday suspended an economic dialogue with Australia, stepping up a pressure campaign that began over Australian support for a probe into the origins of the coronavirus.

Beijing also has blocked imports of Australian coal, wheat, wine and other goods, plunging relations to a multi-decade low. Prime Minister Scott Morrison’s government has not offered any concessions.

The Chinese government accused Australia of taking steps “to disrupt normal exchanges” due to a “Cold War mindset and ideological discrimination.”

05 May 2021; MEMO: An Egyptian court has ruled that the Ever Given ship which blocked the Suez Canal in March will continue to be held in the waterway as negotiations continue between its owner and insurance parties.