Saracen Mineral Holdings has confirmed the death of one of its underground miners following an incident at the Dervish gold mine in Western Australia.…
Former Reserve Bank Governor D Subbarao on Tuesday said the government needs to build on “some silver linings” in the farm sector, driven by the prospect of a favourable monsoon, to speed up the economic recovery.
“The rural economy is doing slightly better than the urban economy which is still grappling with COVID-19. Rural economy, which accounts for 65 per cent of the population and 25 per cent of GDP, is actually proven to be a buffer because of expanded MGNREGA spending…,” he said at a webinar organised by economic think tank NCAER.
Subbarao further said that spendings under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) and procurement of agri produce by the Food Corporation of India (FCI) have put money in the hands of farmers.
Besides, he said, favourable monsoon augurs very well for the agriculture sector.
“In all these very grim scenarios, there are some silver linings and we have to see how we leverage them as we near-total recovery of the economy,” he said.
Echoing a similar view Raghuram Rajan, Subbarao’s successor at the RBI, said one positive factor for the Indian
The Telecom Regulatory Authority of India (Trai) on Monday said India lost 2.84 million mobile phone users in March, ostensibly owing to the nationwide lockdown that rendered several people jobless and forced them to ditch their handsets to scrape through the financial crisis.
The country saw an addition of 4.15 million mobile phone subscribers in February. While Reliance Jio added 4.68 million users, Vodafone Idea lost 6.35 million users in March. Vodafone Idea had lost 3.5 million users in February. Bharti Airtel lost 1.26 million subscribers in March as against an increase of 922,946 in February.
State-owned Bharat Sanchar Nigam (BSNL) gained 95,073 users in the reporting month as compared to 439,318 in February.
The number of telephone subscribers in India decreased from 1,180.84 million at the end of February to 1,177.97 million at the end of March, thereby showing a monthly decline rate of 0.24 per cent.
Urban telephone subscription decreased from 661.23 million at the end of February to 656.46 million at the end of March. However, the rural subscription increased from 519.62
Canada and the United States are preparing to extend the closure of their border to non-essential travel because of the coronavirus pandemic until August 21, a source familiar with the talks said Tuesday.
The world’s longest frontier has been closed to everything but goods trade since March 21.
The current shutdown runs out on July 21 and is expected to be extended for a month, said the source, who spoke on condition of anonymity.
The leaders of several Canadian provinces have spoken out against reopening the border as the United States sees an explosion of virus cases in some states.
A few hours after speaking with President Donald Trump on Monday, Canadian Prime Minister Justin Trudeau said a decision would be made in the next few days.
“We recognize that the situation continues to be complex in the United States in regards to COVID-19,” Trudeau told reporters.
“Every month, we have been able to extend the border closures to all but essential goods and services and those discussions are ongoing,” he added.
A recent poll showed that more than 80 percent of Canadians want the border to stay closed for now.
Half of Americans are in favor of reopening it,
Contractor Decmil has received some rare good news, with a subsidiary being named as the preferred proponent for the $175 million Albany Ring Road.…
Finance Minister Nirmala Sitharaman on Monday underlined the need for states to release premium subsidy on time to ensure timely settlement of claims under the Pradhan Mantri Fasal Bima Yojana (PMFBY).
While reviewing the implementation of the PMFBY through video conferencing, she also stressed on the need of carrying out awareness activities to ensure dissemination of information among all farmers in view of the scheme becoming voluntary for all farmers.
She suggested that stringent follow-up should be done with states where subsidy is pending, especially those which are not implementing the scheme in Kharif 2020 with a view to ensure payment of all pending claims to farmers at the earliest, an official statement said.
A presentation was made by the Department of Agriculture, Cooperation & Farmers’ Welefare (DAC&FW) wherein the journey of the PMFBY since Kharif 2016 as well as challenges encountered and the status of implementation for the current Kharif 2020 crop season, especially after the revamp of PMFBY, were discussed.
The meeting was attended by Financial Services Secretary Debasish Panda, Agriculture Secretary Sanjay Agarwal and senior officials of both the ministries as well as of