Multiplex Association of India (MAI), Retail Association of India (RAI), and Shopping Centres Association of India (SCAI) said they were following all the safety protocols of the government but a lockdown will hit the business, which was in the recovery process.

Maharashtra Health Minister Rajesh Tope recently said people should be ready for stringent measures in the coming days to curb the spread of COVID-19 and that imposing a lockdown is the last option for the state government.

Kamal Gianchandani, CEO PVR Pictures and MAI president, said the cinema industry is mentally reconciled with the fact that they will have to “co-exist with the virus for some time”.

With the extension of the existing Foreign Trade Policy 2015-20 upto 30.09.2021by DGFT, SEPC is hopeful of the speedy notification of SEIS for 2019-20 which would be a great relief to the services exporters reeling under the COVID impact.

SEPC over the past one year has had a series of interactions and representations with Hon’ble Minister of Commerce and Industry, Hon’ble Minister of Finance, DGFT and stakeholders at various levels and platforms for the release of notification for SEIS for 2019-20.

SEPC also commissioned a study to develop an alternative to SEIS to evaluate the burden of unrebated taxes/levies and provide an innovative framework for the incentive scheme to achieve the following objectives of:

The headline inflation target for the Reserve Bank of India's Monetary Policy Committee has been kept unchanged at 4(+/-2) percent for the next five years, Economic Affairs Secretary Tarun Bajaj said on March 31.

While the official gazette notification is still awaited, this means that the MPC now has the mandate to take steps under monetary policy and inflation targeting frameworks to keep consumer price index-based inflation in the 2-6 per cent range from 2021-22 till 2025-26.

"The inflation target from April 1, 2021 to March 31, 2026, under the Reserve Bank of India Act, has been kept at the same level as it was for previous five years. There is no change," Bajaj said at the end of his media briefing on the centre's borrowing plans for April-September.

Boost to ‘Make in India’! A contract worth €220 million (Rs 1,854 crore) has been awarded to Alstom by Mumbai Metropolitan Region Development Authority (MMRDA) to design, manufacture, test, supply and commission a total of 234 metro cars, including personnel training for Mumbai Metro Line 4 and Wadala-Kasarvardavali-Gaimukh extension corridor. According to a statement issued by Alstom, new products have been added to the company's portfolio as part of Bombardier Transportation’s acquisition on 29 January 2021. The combined portfolio of signalling, products, engineering as well as services permits a significantly increased offering for customers across India and the Asia Pacific Region.

According to Alstom, the Line is a 35.3 km long elevated corridor with a total of 32 stations. The line will offer inter connectivity among the existing Eastern Express Roadway, Mono Rail, the ongoing Metro Line 2B between D N Nagar and Mandale, the proposed Metro Line 5 between Thane and Kalyan, Metro Line 6 between Swami Samarth Nagar and Vikhroli. It is expected that Mumbai Metro Line 4 and 4A will reduce the current travel time by 50 per cent to 75 per cent, depending on road conditions.

Ascendas Property Fund Trustee Pte Ltd, the trustee manager of Ascendas India Trust (a-iTrust), on Monday said it has entered into a forward purchase agreement with Gardencity Realty Private Limited to acquire two buildings in an IT Park in Bengaluru.

The two buildings, located at Hebbal in Bengaluru, have a total net leasable area of up to 1.65 million square feet. "The total purchase consideration for the transaction would depend on certain factors, including final rentals achieved, and is currently estimated to be Rs 1,441 crore," a-iTrust said in a release.

The project comprises three buildings spread across two land parcels, with an aggregate net leasable area of approximately 2.26 million square feet.