Access Selected Content from Financial Times on Moneycontrol Pro

Access Selected Content from

Financial Times on Moneycontrol Pro

SENSEX
NIFTY 50
Hang Seng
Taiwan Weighted
MCX GOLD DEC 04
MCX SILVER DEC 04
USD/INR
EUR/INR80.0630

SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
Nasdaq
MCX GOLD DEC 04
MCX SILVER DEC 04
MCX CRUDEOIL DEC 18
MCX NATURALGAS DEC 28
USD/INR
EUR/INR
GBP/INR
JPY/INR

Closing Bell: Market settles over 1% higher, Nifty ends at 12,987; JSW Steel, Tata Steel top gainers

Global stocks bull run to race on, spurred by cheap cash, vaccine hopes

Gold rate today: Yellow metal trades above Rs 48,500 per 10 gms; Silver falls

Rupee slumps 35 paise to 74.76 against US dollar

Economy

Need strong centre-state government coordination to avoid confusion on relaxation guidelines, says Chandrajit Banerjee of CII

Updated : April 16, 2020 03:01 PM IST

There is a need for strong coordination between the centre and state governments so that the relaxation guidelines can be followed without any confusion, said Chandrajit Banerjee, director general of CII.

There is a lot of confusion around the April 20 relaxation guidelines. The circular says no industrial activity will be allowed in COVID-19 hotspots, but a lot of the industrial units fall in these hotspots.

“We need a very strong centre-state government coordination. The circular is very clear to say that the central government guidelines will not only be adhered by the state government but they cannot dilute it in anyway. Having said that there is a lot of scope of interpretation and issue between the centre-state governments," said Banerjee.

While giving clarity on resuming activity for auto industry, he said, “Auto industry is one which does not have much clarity... So the way we are really trying to talk to the government is to see that the chain is not broken. We look forward to some solutions coming forward on that aspect also.”

On workers' accommodations, he said, “What is important is to see a company maintains a protocol, the protocol of hygiene, the protocol of testing and screening when they are coming in, and practical mode of transport for them with proper social distancing... Not every company is large enough to be able to provide the type of accommodation that might be required.”

You May Also Like

Closing Bell: Market settles over 1% higher, Nifty ends at 12,987; JSW Steel, Tata Steel top gainers

Closing Bell: Market settles over 1% higher, Nifty ends at 12,987; JSW Steel, Tata Steel top gainers

Doorstep survey throws up 1,178 COVID-19 cases in Delhi's containment zones, densely populated area

Doorstep survey throws up 1,178 COVID-19 cases in Delhi's containment zones, densely populated area

Plum raises $4.1 mn in funding from Surge, Tanglin Venture Partners, others

Plum raises $4.1 mn in funding from Surge, Tanglin Venture Partners, others

Trending on CNBC-TV18

Live TV

recommended for you