liquor Shops Are Re-Open After 40 Days In Bengaluru

May 4: After 40 days liquor shop are reopen in Bengaluru. People have line up at liquor shops State government have permits the sales of liquors between 9am to 7pm. Karnataka Excise Commissioner's ordered only Stand-alone shops and State-run retail shops like MSIL (Mysore Sales International Limited) are allowed to open from today

Tribute to the frontline warriors : viral video

May 2 : A tribute to the warriors who are making sure that we stay safe. The video features all the frontline warriors who are risking their life during COVID-19 crisis. The original track is from the movie Kesari, which featured Bollywood actor Akshay Kumar. The song is recreated as a tribute which was written by Manoj Muntashir and sung by B Praak.

Video: https://www.youtube.com/watch?v=QiBeywmJoRY

#thankyouwarriors #wesaluteyou
#stayhomestaysafe 

Karnataka plans to open malls and liquor shops from May 4

May 1: Karnataka government indicates that its in favour of reopening commercial and industrial sectors across the state except for those in COVID-19 containment zones. The state has allowed some sectors to reopen in non-COVID zones.  And, now are planning to run liquor shops, shopping malls, and a chain of commercial activities following week by regulating containment zones to a few specific areas instead of imposing a complete ban on the ward. 

The government is  awaiting confirmation from the Centre to execute the plan. In a Red zone like Bengaluru Urban restriction will apply only on 24 containment zones across 34 wards, normal business activities whereas Malls and Cinema Halls in Beangaluru had closed 10 days before Prime Minister Narendra Modi announced nationwide lockdown on March 24. And public transport like metro and buses will not operate until May 15. 

Mukesh Ambani to forgo entire salary for a year

April 30: Chairman and Managing Director Mukesh Ambani forgo his entire salary for the year 2020-21. The Reliance Industries today (April 30 2020),  announced that its entire senior leaders and board to take pay cut between the range 10 to 50% as a proactive measure to tackle economy pressures during coronavirus outbreak.

Reliance Industries Ltd (RIL) said, that employees whose salaries are less than Rs 15 Lakh per year will not see pay cut. Whereas, the employees whose salaries are over Rs 15 Lakh will see a fixed pay cut. 

Raghuram Rajan Says India needs 65,000 crore to treat poor

April 30: The former RBI Governor Raghuram Rajan, said that India can presume a supreme role in shaping the economy after the COVID-19 crisis. In an interaction with Congress MP, Rahul Gandhi through video conferencing, Rajan said, crisis during coronavirus pandemic rarely have any positive results for any country. However, this will enable us to reconsider all aspects in the global economy.
There will have to be a reconsideration of everything in the global economy once we are out of this, If there is an opportunity for India, it is in shaping that dialogue and in being the leader in that dialogue, the former RBI chief said.

He also stated that going for a second or third lockdown to examine the spread of the virus will be devastating for the country’s economy. It may also decrease our credibility. Though, we don’t have to aim for 100 percent success which is highly impossible, we must at least manage the re-opening of certain sectors he added

Veteran Bollywood actor Rishi Kapoor breathed his last today

April 30: Veteran Bollywood actor Rishi Kapoor breathed his last today, in a hospital in Mumbai at the age of 67 after battling for about two years with leukaemia. He was being treated for Cancer in New York last year. The Kapoor family has issued an official statement saying,

“Our dear Rishi Kapoor passed away peacefully at 8:45 am IST in hospital today after a two-year battle with leukaemia. The doctors and medical staff at the hospital said he kept them entertained to the last. He remained jovial and determined to live to the fullest right through two years of treatment across two continents. Family, friends, food and films remained his focus and everyone who met him during this time was amazed at how he did not let his illness get the better of him. He was grateful for the love of his fans that poured in from the world over. In his passing, they would all understand that he would like to be remembered with a smile and not with tears. In this hour of personal loss, we also recognize the world is going through a very difficult and troubled time. There are numerous restrictions around movement and gathering in public. We would like to request all his fans and well-wishers and friends of the family to please respect the laws that are in force. He would not have it any other way."

Moody's slashes India's Growth Rate

April 29: Moody's Investors Service on Tuesday slashed India's growth rate to 0.2%  for the year 2020. Earlier this year Moody projected the growth rate to be 5.2%. But, after Prime Minister Narendra Modi's announcement of nationwide lockdown on March 24, the agency cut down the growth rate from 5.2% to 2.5. 

India lost it's tag of fastest-growing economy country to China in the year 2019, as China's economy grew to 6.1% 

Estimated GDP Growth Rate By Various Agencies For India

India Ratings (for 2020-21)	(-) 2.1 to 1 per cent
CII (for 2020-21)	(-) 0.9 to 1 per cent
Nomura (for 2020)	(-) 0.5 per cent
Fitch ratings (for 2020-21)	0.8 per cent
Goldman Sachs (for 2020-21)	1.6 per cent
World Bank (for 2020-21)	1.5 to 2.8 per cent
IMF (for 2020-21)	1.9 per cent
Asian Development Bank (for 2020-21)	4 per cent
Source: Respective agencies