2 days ago

Covid Speed Read: India's fiscal deficit touches 83.2% of annual target; BRICS stresses on circular economy to recover from COVID impact

On Friday, facing the brunt of the Covid-induced lockdown toll, government extra borrowings to meet the revenue shortfall has pushed up the fiscal deficit at the end of June to Rs 6.62 lakh crore, 83.2% of the full-year budget estimate of Rs 7.96 lakh crore. The BRICS nations have called for an improvement of the environment and promoting a circular economy in national plans as steps towards Covid-19 recovery. ETCFO brings these updates and more.

3 days ago

India heads for economic contraction as domestic demand and global recession hit exports: Survey

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Covid Speed Read: India Inc plays safe; DGCI asks Oxford Covid-19 vaccine to revise protocols

As India gears up for Unlock 3.0 in August, companies continue to play safe by revising WFH policy for employees to increase productivity. Drugs Controller General of India (DCGI) and the Subject Expert Committee (SEC) seek clarifications from Serum Institute of India (SII) over its application for permission to conduct phase II and III human clinical trials of the Oxford Covid-19 vaccine. An Indian Council of Medical Research (ICMR) survey indicates COVID states ranking.

5 days ago

Mall industry will not be able to sustain if lockdown extends: Inorbit Mall CFO

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