Covid 19

The June issue of RBI's monthly bulletin said: "The Indian economy continues to wrestle with the second wave of the pandemic, though cautious optimism is returning. By current assessment, the second wave's toll is mainly in terms of the hit to domestic demand."

According to the Finance Ministry, tax collections for FY22 up to June 15 have registered a growth of over 100 per cent at Rs 1,85,871 crore, compared to Rs 92,762 crore over the corresponding period of the preceding year.

The decline comes on the back of the lockdowns across states amid the second wave of Covid-19. With sales down 34 per cent in May 2021, categories such as food and grocery fared better than categories like footwear (-86 per cent), beauty, wellness and personal care (-87 per cent) and sports goods (-80 per cent) as compared to pre-Covid sales levels (May 2019).

"Considering the fatalities caused by Covid-19 and the recent black fungus epidemic, the company is providing benefits to the family members of the deceased employees in the form of continued payments of last drawn fixed salary till their notional date of retirement," the company said.

The global semiconductor shortage will persist through 2021 and is expected to recover to normal levels by the second quarter of 2022, a Gartner report said last month. Across most categories, device shortages are expected to be pushed out untill the second quarter of 2022, while substrate capacity constraints could potentially extend to fourth quarter of 2022.

However, base effect along with low interest rates and some pent-up demand showed an accelerated rise in domestic demand in May 2021 on a year-on-year basis. Accordingly, sales of passenger vehicles increased to 88,045 in May this year compared to 33,546 units sold during the same period of 2020. The May 2021 figures were lower by 61.2 per cent from 2,26,975 units sold during May 2019 levels.

Ashish Hemrajani, CEO and Co-founder of Bigtree Entertainment Pvt Ltd, which operates BookMyShow said: "COVID19 has taught me many lessons & I learnt another one today. As we let go of 200 of the most incredibility talented & performance-driven individuals, each & everyone has messaged, thanking me for the opportunity, the love for BookMyShow and asking me if they could help me in any way possible."

"But the credit quality of airport operators will continue to be supported by strong business models and healthy liquidity covers amid low debt servicing requirements this fiscal. "This is based on an analysis of the top four private airports - Delhi, Mumbai, Bengaluru and Hyderabad - which accounted for 90 per cent of air passenger traffic handled by private airports in India and 50 per cent of all air traffic last fiscal."

Over 95 per cent developers in the country expect delays in project completion due to the second wave of Covid-19, according to a survey by the Confederation of Real Estate Developers' Associations of India (CREDAI).

The company has built an assortment of over 10,000 cars, all of which will be available for online purchase. Additionally, transparent pricing and a technology enabled catalogue will allow the buyers to quickly browse through thousands of cars and choose the right one that suits them the best. CARS24 is also investing in technology based refurbishment centres in order to provide customers with good quality cars