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Prolonged lockdown may push millions into margins of subsistence: Former RBI Governor Subbarao A prolonged lockdown may possibly push million of Indians into the “margins of subsistence”, former RBI Governor Duvvuri Subbarao said on Sunday while expecting a ‘V’ curved recovery once the COVID-19 crisis ends and the turnaround in India to be faster than some economies. He was participating in a webinar on “History repeats – but differently- Lessons for the post Corona World,” organised by the Manthan Foundation here, in which former Deputy Governor of RBI Usha Thorat took part. “Because most analysts believe that this year India...

Icahn says stocks are overvalued, virus may cause ‘downdrafts’ Carl Icahn isn’t buying stocks right now. He’s hoarding cash, shorting commercial real estate and preparing for the coronavirus to wreak more havoc. This is a time to be “extremely careful,” Icahn said in an interview Friday on Bloomberg Television. From his home on Miami’s Biscayne Bay, the billionaire investor has surveyed the damage to stock prices — and to his portfolio — and reached out to medical experts for information and opinions on the Covid-19 pandemic. To Icahn, who at 84 has traded through all the stock-market crashes since the...

Help all without discrimination, work towards becoming a self-reliant country, says Mohan Bhagwat As the country faces the coronavirus pandemic, RSS chief Mohan Bhagwat on Sunday cautioned against forces inimical to India’s interests taking advantage of the situation, exhorted all to help those affected without any discrimination and stressed on developing a self-reliant economy. “We have to be patient and calm. There should be no fear or anger as people with anti-India mindset can use it against the country,” he said in an online address to workers of the Rashtriya Swayamsevak Sangh (RSS). Even if someone did something wrong, do not consider...

TVS Motor Company Appoints Former Harley-Davidson Boss As Interim CEO For Norton Motorcycles TVS Motorcycles recently acquired iconic British motorcycle brand Norton Motorcycles. The Hosur based two-wheeler giant now has big plans to get Norton back on track after it went through a not so good phase. In the process to do so, they have appointed John Russell as the interim CEO of the British two-wheeler brand. John Russell isn’t a new name in the automobile industry as he has served as Vice-President and Managing Director for Harley-Davidson Europe from 1998 to 2007. Not only this but back in the...

Need to oppose Mamata’s ‘publicity over pandemic’ to avoid wasting Bengal from Covid: Babul Supriyo Accusing Mamata Banerjee of failing to deal with the unfold of Covid-19 in West Bengal, Union Minister and West Bengal BJP chief Babul Supriyo mentioned that the Chief Minister’s ‘publicity over pandemic’ must be opposed with the intention to save the state from the virus. “West Bengal govt’s failure in tackling Covid-19 in the state is out in the open. All of us have to unite and stand against Mamata Banerjee’s 1. Politics Over Lives 2. Publicity Over Pandemic, only then we will be able to save Bengal from corona,” Supriyo tweeted...

Armed Forces understand their responsibility in fight against Covid-19: CDS Gen Bipin Rawat General Bipin Rawat, the Chief of Defence Staff (CDS) says that the armed forces understand their responsibility in the fight against coronavirus disease (Covid-19) and have to ensure that they remain safe to support the people of the country. “As armed forces, we understand our responsibility that at this time when the nation is fighting against Covid-19 menace, the defence services must operate beyond the mandate and come to the support of our people and government in whatever way we can,” General Rawat told ANI in an exclusive interview...

With Kim Jong Un’s health uncertain, spotlight shifts to her sister Kim Yo Jong Of all the family members who could eventually take the reins from North Korean leader Kim Jong Un, his sister seems like the obvious choice. Kim Yo Jong, in her early 30s, has been by her brother’s side at summits with U.S. President Donald Trump and Chinese President Xi Jinping, sat behind Vice President Mike Pence while representing North Korea at the 2018 Winter Olympics and became the first immediate member of the ruling family to visit Seoul, where she delivered a personal message from her...

Yogi Adityanath bans public gathering in Uttar Pradesh till June 30 to combat COVID-19 Lucknow: Uttar Pradesh Chief Minister Yogi Adityanath on Saturday (April 25) directed officers that no public gathering should be allowed in the state till June 30 amid the coronavirus outbreak. According to the Chief Minister’s Office, CM Adityanath has instructed officials to ensure no public gathering takes place in the state till June 30.  The order will be reviewed depending on the situation, the CMO added amid speculations that the coronavirus lockdown may be extended further. “Chief Minister has directed officers that no public gathering be...

Former IAS officer Sanjay Kothari takes oath as CVC Retired IAS officer Sanjay Kothari, who was secretary to President Ram Nath Kovind, took oath as the new Chief Vigilance Commissioner (CVC) on Saturday, the Rashtrapati Bhavan said in a communication. The post of CVC, autonomous anti-corruption watchdog, was lying vacant since June last year and Vigilance Commissioner Sharad Kumar was holding the interim charge of the top post since then. Kothari, an officer from the 1978 batch from Haryana, was named as new CVC by a high powered committee headed by Prime Minister Narendra Modi in February this year. In...

India needs a new covenant for growth in a post-Covid world: Raghuram Rajan Former RBI governor Raghuram Rajan feels India needs to think about a new covenant on how to wriggle out of the Covid crisis and generate growth that we saw in the first few years of the present century. In an interview to ET NOW, Rajan spoke of a staggered restarting of the economy with the aim of both saving lives and preserving livelihood. Rajan said that the post-Covid period can’t be spend with the same kind of financial fragility and fiscal tensions with which we entered the...