Business

Ambala, Jun 16 (PTI) Facing financial problems due job loss and pay cut in the wake of the coronavirus pandemic, parents in Haryana's Ambala are turning to government schools to reduce their expenses on their children's education.

Some parents said they have been paying a hefty fee but private schools are not ready to give much concession in the present situation.

Amaravati(AP), June 16(PTI) The Andhra Pradesh government on Tuesday presented a Rs 2.24 lakh crore budget for the financial year 2020-21, a decrease of 1.4 per cent over last year, with an estimated revenue deficit of Rs 18,434 crore and fiscal deficit of a whopping Rs 48,295 crore.

Finance Minister Buggana Rajendranath presented the Budget estimates in the Legislative Assembly on the first day of the brief budget session.

AMMAN, June 16 (NNN-PETRA) – Jordan, on Monday, took several measures to mitigate the impact of coronavirus on the tourism sector.

Under the new decisions, sales tax on the tourism sector was reduced from 16 percent to eight percent, and the government allocated 150 million dinars (around 210 million U.S. dollars) as financing programmes to help the tourism establishments.

As part of the financing programme, loans at low-interest rates will be extended to establishments working in the tourism sector, Jordanian Minister of Tourism and Antiquities, Majd Shwiekeh said.

BERLIN, June 16 (NNN-AGENCIES) – The German government intends to invest 300 million euros (338 million U.S. dollars) in local biotechnology company CureVac, the country’s Ministry of Economic Affairs and Energy announced here on Monday.

The investment aims to support further, development of the German company and its projects in the pipeline, according to a joint statement by CureVac and the ministry. CureVac is currently developing a coronavirus vaccine.

LIMA, June 16 (NNN-ANDINA) – Peruvian President, Martin Vizcarra, on Monday, unveiled a plan to restart the economy and create jobs, amid the COVID-19 pandemic.

Called “Peru Takes Off,” the plan focuses on four key sectors and seeks to generate more than one million jobs, by promoting infrastructure building.

It calls for “significant investment” in transport and telecommunications, housing, agriculture, and labour, which is one of the sectors most affected by the lock-down.

SINGAPORE, June 16 (NNN-CNA) – Singapore’s Multi-Ministry Task-force decided to start phase two of re-opening, after 11:59 p.m. June 18, when most activities, apart from a small list of exceptions, will be resumed.

The Ministry of Health (MOH) announced that, subject to some safe distancing principles, retail businesses might re-open their physical outlets in the new phase, while food and beverage dine-in would be allowed, personal health and wellness and home-based services would be resumed, and sports, parks and other public facilities would open.

WASHINGTON, June 16 (NNN-XINHUA) – American pride continued its downward trajectory, reaching the lowest point in two decades, according to a Gallup survey released on Monday.

A majority of adults, 63 percent, still said, in the new poll, that, they are either “extremely” or “very” proud to be Americans.

However, that’s a 7-point dip from last year and the lowest figure recorded in the 20 years since Gallup first started asking the question.

15 June 2020; AFP: Facebook on Monday rejected calls from the Australian government and news companies that it share advertising revenue with the media, suggesting it would rather cut news content from its platform.

The US tech giant said in a submission to Australia's competition watchdog that news represents a "very small fraction" of the content in an average user's news feed.

New Delhi, Jun 15 (PTI) Wholesale prices in the country witnessed a deflation of 3.21 per cent in May due to sharp decline in prices of fuel and power, even as food articles turned expensive.

"The annual rate of inflation, based on monthly Wholesale Price Index (WPI), stood at (-) 3.21 per cent (provisional) for May 2020 as compared to 2.79 per cent during the corresponding month of the previous year," the commerce and industry ministry said in a statement.

Mumbai, Jun 15 (PTI) The rupee depreciated 19 paise and closed below the 76 per dollar mark on Monday as weak domestic equities and sustained foreign fund outflows weighed on investor sentiment.

Forex traders said risk appetite has waned amid fresh cases of COVID-19 globally.

The rupee opened weak at 75.93 at the interbank forex market. It fell further and finally settled for the day at 76.03 against the US dollar, down 19 paise over its last close.

It had settled at 75.84 against the US dollar on Friday.