Business

HPCL shut the unit at the 166,000-bpd refinery in southern India last week, added the sources.

The company also said that it has a 'strong cash position' and has enough liquidity to meet its financial commitments.

The lockdown of India's 1.3 billion people, which started on March 25, has been extended in some areas until the end of June as domestic coronavirus cases reported approached 200,000 with more than 5,500 deaths recorded.

According to the Controller General of Accounts (CGA) data, the fiscal deficit for 2019-20 worked out to be 4.59 per cent of the GDP, while the revenue deficit was 3.27 per cent.

The opposition Congress and AASU, conservationists, activists and students have threatened to stage protests, if coal mining is allowed in areas bordering Dehing-Patkai Wildlife Sanctuary.

Asia's third-largest economy began slowing last year, but a countrywide lockdown implemented by Prime Minister Narendra Modi on March 25 halted economic activity completely.

According to industry players, release of these dues, most of which are stuck in arbitration and run into thousands of crores of rupees, would bring in immediate liquidity in the current COVID crisis scenario, rather than the Rs 20 lakh crore economic sti...

It further said the government's plan to auction new coal and mineral blocks is likely to get delayed due to COVID-19.

The RBI has announced further extension in moratorium period to end-borrowers from May 31 till August 31.

The lockdown has presented a challenge to the country's unorganised sector, which accounts for more than half of GDP.

According to an estimation by a Nomura report, oil firms are likely to end up making an over-recovery of Rs 120 on each cylinder in May.

After rising to 30,989.03, the 30-share index was trading at 157.82 points or 0.51 per cent higher at 30,976.43. Similarly, NSE Nifty rose 38.45 points, or 0.42 per cent, to 9,105.

The government, he said, has announced an investment of Rs 50,000 crores under 'Aatmanirbhar Bharat Abhiyan' to create and develop infrastructure facilities for Coal India.

Finance Minister Nirmala Sitharaman announced various relaxations under the insolvency law as part of the fifth and final tranche of atmanirbhar bharat.

On March 28, the EPFO allowed formal sector workers to withdraw a non-refundable advance from their retirement savings to deal with the hardships due to the lockdown.

Last year, Johnson & Johnson India on the IDAHOTB reaffirmed its commitment to the LGBTQ+ community by creating Employee Resource Group Open&Out and also participated in the Queer Azaadi Mumbai (QAM) Pride March.