In the mid of May, as part of the Rs 20 lakh crore Atma Nirbhar Bharat package, the Modi government had announced that migrant labourers who have not been facilitated by the National Food Security Act (NFSA) or any state-run PDS scheme, will receive free food grains for two months.
After the revision, petrol will now cost Rs 72.46 per litre as against Rs 71.86 on Sunday, while diesel price has gone up to Rs 70.59 per litre from Rs 69.99, according to a price notification of state oil marketing companies.
Media organisations such as The Times of India, News Nation and The Quint have also laid off employees despite of Prime Minister Narendra Modi asking public and private employers not to lay off their workers or cut their salaries. Sources have also said that ET Panache and Bombay Times are all set to merge and that ET Panache has asked its 50% staff to go on leave.
Finance Minister Nirmala Sitharaman will be announcing details of the Rs. 20 lakh crore relief package announced by Prime Minister Narendra Modi yesterday in an address to the nation. The package will include reforms in some existing land and labour laws besides additional liquidity support to jumpstart the bruised economy.
It has been over a fortnight since the government started discussing another relief package to support the industry, especially MSMEs. However, with no relief in sight, most small companies may not have any other option but to shut shop.
Off late Reliance has been grabbing headlines by the investments it has been bringng into its business. First Facebook bought a 9.99 percent stake in Reliance Jio Platforms and then Silver Lake Partners bought a 1.15 percent stake in Reliance Jio Platforms. Without its 3rd party players, Reliance Jio is planning to get into 5G implementation. The latest 5G connection is believed to be 20 times better than the 4G network.
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The conglomerate led by Asia’s richest man, Mukesh Ambani, in the last decade diversified to establish large telecoms and retail operations, but the energy division still accounts for the lion’s share of overall revenue.