The robots that can cook and serve your food

The technology that might one day transform our eating out experience.

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Is the hydrogen tech 'revolution' hope or hype?

Can hydrogen - a relatively clean source of fuel - help power the economy of the future?

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The technology that might one day transform our eating out experience.

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Can hydrogen - a relatively clean source of fuel - help power the economy of the future?

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India's factory activity contracts for 3rd straight month in June

While the Nikkei Manufacturing Purchasing Managers' Index , compiled by IHS Markit, increased to 47.2 last month from 30.8 in May it was still below the 50-mark separating growth from contraction. Analysts polled by Reuters had expected 37.5.

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Facebook bans 'violent' Boogaloo-linked network

It said the group seeks violence and is loosely affiliated with the far-right Boogaloo movement

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It said the group seeks violence and is loosely affiliated with the far-right Boogaloo movement

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Rental e-scooters to be made legal on UK roads from Saturday

The government is set to say hired, but not private, e-scooters will be allowed on roads from Saturday.

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Fitch cuts India growth projection to 8% for FY22; economy to shrink by 5 pc this fiscal

Moody's expects India's real GDP to contract by 4 per cent in fiscal 2020 due to the shock from the coronavirus pandemic and related lockdown measures, followed by 8.7 per cent growth in fiscal 2021 and closer to 6 per cent thereafter.

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Core sector contraction slows in May, fertiliser growth turns positive

In April, the output of the core sector -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity -- had contracted a record 37%.

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Coronavirus: Geneva Motor Show 2021 scrapped and event to be sold

The organisers of one of the world's biggest car shows have seen weak demand for next year's event.

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Facebook must 'develop a conscience'

The boss of European outdoor clothing firm Patagonia warns advertising may not return to Facebook.

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Video game avatars have been changed to display pro-Trump messages in a hack targeted at children.

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The organisers of one of the world's biggest car shows have seen weak demand for next year's event.

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The boss of European outdoor clothing firm Patagonia warns advertising may not return to Facebook.

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Traders object to govt's recent decision to import more urad, decrease in duty on masoor

Traders said the latest change in import policy for urad (black matpe), which advanced the last date of import by six months to August 2020 from March 2021, led to a sharp increase in international prices because Indian buyers were left with a smaller window for imports.

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India's federal fiscal deficit touches 58.6% of annual target in two months

Net tax receipts during April-May period were 338.5 billion rupees ($4.48 billion), while total expenditure was 5.12 trillion rupees, the data showed, indicating the government was front-loading its budgeted spending to combat the impact of pandemic.

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NDDB promotes 'pashu ayurveda' to control animal diseases

Cattle and buffaloes account for more than 50% of the livestock population in India, according to the latest census. The National Dairy Development Board (NDDB) is aggressively promoting use of ethno-veterinary medicine after seeing success in a pilot project run at Sabarkantha dairy in Gujarat.

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Roblox accounts hacked to support Donald Trump

Video game avatars have been changed to display pro-Trump messages in a hack targeted at children.

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Indian marine fish landings rise marginally in 2019

A study report on annual marine fish landings estimates in the country during the last year released here by the CMFRI showed that Tamil Nadu took the first position with 7.75 lakh tonnes followed by Gujarat at 7.49 lakh tonnes. Gujarat was holding the first position for the past few years. Kerala (5.44 lakh tonnes) retained the third position.

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Retail inflation for industrial workers eases to 5.1 per cent in May

"Inflation based on all items stood at 5.10 per cent for May, 2020 as compared to 5.45 per cent for the previous month (April 2020) and 8.65 per cent during the corresponding month ( May 2019) of the previous year," a labour ministry statement said.

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Ban on Chinese apps surprises India content makers

The Indian government says it has banned 59 apps with links to China on national security grounds.

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The Indian government says it has banned 59 apps with links to China on national security grounds.

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Former Union minister Suresh Prabhu to head forum for promoting cooperative movement

Seven prominent cooperative leaders would be part of the forum. They are C P Yadav, MP and President of NCUI; U S Awasthi, MD of IFFCO; Dileep Bhai Sanghani, Chairman of NAFSCOB; Jyotindra Mehta, Chairman of NAFCUB; Satish Marathe, Director on RBI Central Board; Mangal Jit Rai, Chairman of NCDFI and Uday Joshi- National General Secretary of Sahakar Bharati.

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Centre, state tax officers can take intelligence based enforcement actions for all purposes: CBIC

The communication was issued in response to reference on whether intelligence based enforcement actions initiated by Central Tax officers against tax payers assigned to state tax administration get covered under the provisions of Central GST Act or a specific notification is required for cross-empowerment. Also, whether a notification is needed if conditions are imposed on powers given to the officers.

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The Chinese challenge is here to stay. Here are some steps India can quickly take to counter it

The Chinese are not going anywhere. After the casualties suffered by both sides on the night of June 15 they have only come in larger numbers, amassed troops and artillery, ranged all along the boundary in Ladakh. The fact that we’re debating over whether they are 100m out or 200m in is exactly what China wants us to do.

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View: Why China model doesn’t suit the Indian genius

Once the Modi government puts away the Chinese ghost from its political imagination, then it will be able to counter China at the LAC more effectively. In the last 70 years, India has created the example that democracy and economic progress are not incompatible.

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Government may license import of ACs, TVs to check shipments

The focus on reducing import of products such as air conditioners and its components is also part of an exercise to boost domestic production of around a dozen items. While imports can be regulated in multiple ways — including an increase in customs duty and putting in place barriers such as technical standards — licensing and allowing entry of specific goods only from designated ports are being discussed.

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YouTube bans prominent white supremacist channels

The move comes as internet companies face a backlash over racist content and hate speech.

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The move comes as internet companies face a backlash over racist content and hate speech.

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Online Harms bill: Warning over 'unacceptable' delay

Lord Puttnam warns the landmark online regulation law could be delayed until as late as 2024.

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Lord Puttnam warns the landmark online regulation law could be delayed until as late as 2024.

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Government to launch PMKVY-III with focus on industry 4.0: Mahendra Nath Pandey

"You will be happy to know that the second part (phase) of PMKVY is ending and the government has approved part three (of the scheme) prepared by us," Pandey said. .

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Govt working on one-stop platform for all official data: Statistics minister

The project, National Integrated Information Portal (NIIP), assumes significance as data related to macro-economy and other sectors are released after a lag of weeks and even months in some cases.

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India's hiring activities holding up better than many economies: Report

The impact of COVID-19 has not been evenly spread across sectors as some of them like software technology, medical professional and marketing have experienced a surge in job postings.

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COVID-19 impact: RBI may opt for loan recast for select sectors

In 2008 also, when the world was hit by the global financial crisis following Lehman Brothers going insolvent, the RBI had announced a one-time loan restructuring for several sectors to help them tide over the economic woes.

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CBIC issues standard statements for field formations to counter legal cases

The set of statements will reduce duplication of work at the headquarters while giving a go-to guide for field formations to file counter responses in courts, the Board’s policy wing has told field formations in an internal communication last week, adding that only matters that are not covered in the statements be brought to the policy wing’s notice.

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Gross state domestic products to see sharp declines in FY21

Among the major states, those likely to be most impacted over the fiscal were Karnataka, Jharkhand, Tamil Nadu, Kerala and Odisha, whereas the least affected would be Madhya Pradesh, Punjab, Bihar, Andhra Pradesh and Uttar Pradesh.

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Iran trade: Stakeholders explore non-oil avenue to boost fund flow

Under the India-Iran trade deal, local oil refiners used to import crude oil from the middle east nation and make payments to the designated rupee-account at Uco and IDBI. This was till the time crude oil was in the exempted list of US sanctions. These banks, in turn, use that fund to settle payment to exporters.

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How hackers extorted $1.14m from University of California, San Francisco

BBC News witnesses a negotiation between ransomware hackers and a 'cash-strapped' university.

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Trump retweets video of supporter shouting 'white power'

The president is criticised for sharing video from a pro-Trump rally at a Florida retirement home.

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BBC News witnesses a negotiation between ransomware hackers and a 'cash-strapped' university.

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The president is criticised for sharing video from a pro-Trump rally at a Florida retirement home.

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RBI seeks extension for Monetary Policy Committee members

The central bank has written to the Finance Ministry and the letter is under consideration, the officials said, asking not to be identified as the matter is not public. Three of the six-member Monetary Policy Committee are external representatives and their appointment is for a term of four years and they are ineligible for re-appointment, according to rules.

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Hi-tech greenhouses to supply UK stores with food

Warming greenhouses will use AI and waste heat from water treatment works in a world-first.

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Warming greenhouses will use AI and waste heat from water treatment works in a world-first.

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Reallocation of public spends on health, decentralisation required: Bibek Debroy

Chairman of the Prime Minister's Economic Council Bibek Debroy said that the ongoing Covid-19 crisis has flagged the issue of expenditure on health, and given the paucity of resources, a reprioritisation of public expenditure is required not only on health but also for decentralisation.

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The government's TraceTogether tokens are aimed at people who do not have smartphones.

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Singapore hands out coronavirus tracing devices

The government's TraceTogether tokens are aimed at people who do not have smartphones.

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Boycott China: Checks on imports to hit drug, devices supply

Medical equipment such as infrared thermometers and pulse oximeters needed in the fight against Covid-19, among others, are stuck at the ports and may result in shortages soon, according to the Pharmaceutical Export Promotion Council (Pharmexcil).

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India's protectionism conflicts with aim to be the next China

It doesn’t look like India sees itself as the world’s next factory, which requires openness.

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India may step up scrutiny of imports from Chinese cos in Asean countries

The government has also sounded out industry and importers to identify such shipments that abuse the FTA as it contemplates actions such as enhanced checks on country of origin certificates by customs authorities. The FTA with Asean allows lower tariffs on most manufactured goods. India is seeking to lower its dependence on imports & looking for ways in which it can reduce trade and business ties with China.

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Agriculture ministry eyes drones for night duty in locust fight

The broad specification comes a little over one month after India’s civil aviation regulator granted the agriculture ministry conditional exemption to use drones in anti-locust operations, making India the first country to do so.

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Aadhaar-based farmer database in the works

“The database, to be completed by June 30, will have satellite imaging of individual farm land so that farmers may be provided advisories based on the kind of land they possess and the crop they grow,” said Vivek Agarwal, joint secretary of newly created Digital Agriculture Division.

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Chinese companies' imports may stay stuck

For instance, Taiwanese smartphone maker Foxconn, which runs two plants in India under different units, has not been able to get clearances for consignments to the factory that manufactures for China's Xiaomi.

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Starbucks suspends social media ads over hate speech

The coffee company said it would suspend advertising on some platforms in an effort to address hate speech.

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The coffee company said it would suspend advertising on some platforms in an effort to address hate speech.

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NITI Aayog decides to work with key stakeholders on Online Dispute Resolution framework

On Saturday evening, speaking at a webinar organised by Indian Dispute Resolution Centre ( IDRC), Amitabh Kant, CEO NITI Aayog said "we are at the cusp of transformative change, and with alterations necessitated by the pandemic, technology will play a key role in widening equity and affordability. "

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India to block Chinese Taipei, Japan's WTO panel request in ICT tariff case

India will block the requests of Japan and Chinese Taipei for setting up of a dispute settlement panel at the World Trade Organization (WTO) against New Delhi's customs duties on imports of certain information and communications technology (ICT) products, an official said.

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India’s commercial investment transaction volumes shrunk by 94%

The report said, the commercial investment transaction volumes, which include investment of big funds and HNIs in commercial properties in APAC reduced by 52% year-on-year to USD 44.1 billion.

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India's spice export to China slows down after Galwan row

The exporters reckon that the current problems will be temporary. "We hope that what is happening at the border will not affect commerce and trade," noted Rajiv Palicha, chairman of All India Spices Exporters Forum.

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Government approves additional Rs 1,691 crore for highway works in J&K, Uttarakhand for 2020-21

A total of Rs 340 crore ceiling has been approved for Uttarakhand for national highways, according to the communication dated June 24. In addition, it has also given nod for additional sanction of Rs 71 crore for highway works by the state's Public Works Department in Jammu & Kashmir, Ladakh, Sikkim and Tamil Nadu.

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India among Switzerland's top-3 partners for info exchange on tax matters: Global Forum

India figures among the top-three countries getting detailed information from Switzerland about bank accounts and beneficiary ownership of entities established by their residents in the Alpine nation, according to the latest study by OECD's Global Forum on transparency and exchange of information for tax purposes.

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India to check power equipment from China for malware

Tightening import norms, India will check all power equipment bought from China for malware and Trojan horses that can be potentially used to trigger electricity grid failures to cripple economic activity in the country, Power Minister R K Singh said.

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View: It’s hard to be the next China, not impossible

Some of India’s retreat may be tactical and temporary. The U.S. is still coping with China’s rise, and not in a mood to let another 200 million workers latch on to its customers. Industrialization of the periphery requires a fundamental restructuring of the labor force in the core, as the authors of Bretton Woods 2.0 warned.

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Missing old data makes online tax payment tough

Citizen groups, residents welfare associations and experts have raised questions about the old property tax data, which was gathered over the last 12 years, not being utilised in the new portal made by National Informatics Centre.

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View: Rescue solvent companies but kill off zombies

The rescues mounted by the government and RBI will, rightly, save fundamentally productive firms, but also, wrongly, create many zombies. The government’s Rs 2 trillion rescue package is far from excessive.

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CBIC extends validity of e-way bills in new set of relaxations

In notifications issued on Saturday, the Board further extended the time limit, till August 31, for authorities to issue orders or notices in case of rejection of full or partial refund claims.

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Employees allowed to claim I-T exemption on conveyance allowance under new tax regime: CBDT

CBDT has now amended Income Tax rules to prescribe certain exemptions which can be availed by the employees. These include any allowance granted to meet the cost of travel on tour or on transfer, any allowance, whether, granted on tour or for the period of journey in connection with transfer, to meet the ordinary daily charges incurred by an employee.

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Electric plane's 'milestone' first UK test flight at Cranfield

The six-seater is powered by hydrogen and is said to be Europe's largest emission-free aircraft.

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The six-seater is powered by hydrogen and is said to be Europe's largest emission-free aircraft.

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Govt offers filing of NIL GST statement in form GSTR-1 through SMS

This would substantially improve ease of GST compliance for over 12 lakh registered taxpayers who had to otherwise log into their account on the common portal and then file their statement of outward supplies in form GSTR-1 every month or each quarter.

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India’s 6 crore MSMEs need immediate reliefs on loans, simple compliance to revive: Taskforce

GAME said these businesses were struggling even before Covid-19 and would need financial and compliance related reforms by the government to tide over the ongoing crisis.

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RBI extends enhanced borrowing limit under MSF till September 30

The RBI, as a temporary measure, had increased the borrowing limit of scheduled banks under the marginal standing facility (MSF) scheme from 2 per cent to 3 per cent of their Net Demand and Time Liabilities (NDTL) with effect from March 27, 2020.

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The company condemns racism and seeks more accountability from Facebook and other platforms.

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Coca-Cola suspends social media advertising despite Facebook changes

The drinks maker condemns racism, and demands greater accountability and transparency from platforms.

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Tamil Nadu CM Palaniswami pegs Rs 85,000 crore fiscal deficit

In view of such a scenario and revenue losses of about Rs 13,000 to Rs 14,000 crore a month, "our Finance Secretary has said that there would be a fiscal deficit of approximately Rs 85,000 crore," he told reporters here on Friday.

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Investors in talks with firms to diversify China exposure in supply chain, funding

Even ecommerce companies like Flipkart and Amazon, which are heavily dependent on smartphone sales anchored by Chinese brands, are figuring out newer strategies. Amazon, for instance, is betting big on promoting local stores on its platform.

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RBI steps led to reduced rates across the board: Shaktikanta Das

“The governor and deputy governors briefed the board about the overall macroeconomic conditions – both domestic and global; financial sector situation; and the impact of various monetary, regulatory and other measures taken by the RBI in the context of the Covid-19 pandemic,’’ RBI said in a statement after its board meet.

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Viewpoint: 'I feel like was accidentally hired'

Ibrahim Diallo describes what life as a black software engineer has been like for him.

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Ibrahim Diallo describes what life as a black software engineer has been like for him.

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Relief likely in physical checks of Chinese cargo

The government is considering industry’s demand to allow importers with Authorised Economic Operator (AEO) status to get clearance without the 100% manual checks for goods from China with the plea by business groupings reaching the Prime Minister’s office, said another government functionary.

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Dozens of Facebook pages claim to be selling a deadly chemical to people at risk of suicide - but it's all a fraud.

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Fortnite Movie Nite: Christopher Nolan's hit films screen in-game

Christopher Nolan's movies play inside Fortnite while his latest film is delayed again.

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'Covid-19 means I can join Pride and not get arrested'

The pandemic has seen Pride events cancelled worldwide but an unprecedented online event is planned.

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The pandemic has seen Pride events cancelled worldwide but an unprecedented online event is planned.

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Extended period of lockdown, increase in COVID-19 cases to have strong impact on growth: D&B

According to Dun & Bradstreet Economy Forecast, while the slowdown in demand will continue, the migration of labourers has added to the challenges faced by companies, especially MSMEs (micro, small, and medium enterprises).

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15th Finance Commission meeting: Govt tax collections likely to be severely affected due to the pandemic

The discussions covered issues relating to the fiscal deficit and general government debt and the constraints in drawing up a path for consolidation of public debt post the pandemic.

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Govt exempts FCI from provisions of Contract Labour Rules for 2 years

The move would benefit food storage depots of FCI across Uttar Pradesh, Madhya Pradesh, Delhi, Jharkhand, West Bengal, Punjab, Kerala, Tamil Nadu, Assam, Bihar, Haryana and Himachal Pradesh.

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