Covid19

Raising some basic concerns, Deshpande, who belongs to a farmer’s family herself, says, “We have not made our villages self-sustainable. We are not empowering them with small scale industries so that people don’t have to be dependent on factories or going to a bigger city to work. So then what do people do? That’s why they travel from Uttar Pradesh, Bihar, Marathwada, Madhya Pradesh, Chhattisgarh to metro cities or to tier two city from villages.” … [Read more...] about Rajshri Deshpande: We need to have more people working to uplift villages

Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, had set-up a Control Room to monitor the issues of Industry and Trade and take up such matters with the concerned State Government, District and Police Authorities and other concerned agencies. Telephone (8am to 6pm): + 91 11 23062487, Email : [email protected] … [Read more...] about Kerala Lockdown Day 66: Jagratha registration for train passengers & surprise checks at home quarantines

ETCFO caught up with JSW Steel Group CFO Seshagiri Rao to understand his pain points, assessment of the economy, and demand outlook for the steel sector in the near to mid-term. Below are the edited excerpts from the interaction. Q: How has Covid19 affected the steel industry globally and in India?Seshagiri Rao: Steel exporting economies relying heavily on sectors like auto and capital goods have been deeply affected on account of Covid-19. These include Germany, the US, Japan, or the large part of Europe. The impact on demand has been severe. Disruptions have been there on the supply side too, in sourcing raw materials--iron ore and coal.As far as India is concerned, it was doing okay up till March following which Covid-19 hit. The virus lockdown, imposed afterward, caused a serious disruption in the demand, with steel consumption falling by as much as to 91 per cent in April. While the impact on demand has been severe across the world, at the same time supply is also getting … [Read more...] about Rs 5,000 incentive could not stop labour from going back, now work is a challenge: Seshagiri Rao, JSW Steel

In an interaction with ETCFO, Hindustan PowerProjects Pvt Ltd's President-Corporate Finance, Anil Jain discussed the company’s growth outlook, and filled us in on its operations, as India opens up its economy after more than two months of stringent lockdown.HPPPL operates in renewable, thermal and hydro space, managing over a portfolio of 6,000 MW in projects under various stages, amounting to an asset size of $2 billion, and employing more than 800 associates across sites. Here are excerpts from the interaction.Q: How are your operations looking like in lockdown 4.0?Anil Jain: Frankly, we can scale up operations once there is a demand for power. With the easing of the lockdown and with most commercial and industrial establishments expected to restart operations, the demand for power will increase.We are already geared up for this. We have utilized this lockdown period for some maintenance activities and to build up a coal inventory. The workforce levels are almost the same since … [Read more...] about Covid19: Demand will be back in 3-6 months, says Hindustan Power

In an interaction with ETCFO, Hindustan PowerProjects Pvt Ltd's President-Corporate Finance, Anil Jain discussed the company’s growth outlook, and filled us in on its operations, as India opens up its economy after more than two months of stringent lockdown.HPPPL operates in renewable, thermal and hydro space, managing over a portfolio of 6,000 MW in projects under various stages, amounting to an asset size of $2 billion, and employing more than 800 associates across sites. Here are excerpts from the interaction.Q: How are your operations looking like in lockdown 4.0?Anil Jain: Frankly, we can scale up operations once there is a demand for power. With the easing of the lockdown and with most commercial and industrial establishments expected to restart operations, the demand for power will increase.We are already geared up for this. We have utilized this lockdown period for some maintenance activities and to build up a coal inventory. The workforce levels are almost the same since … [Read more...] about Covid19: Power demand will be back in 3-6 months, says HPPPL