National

Daily News Tracking Report

Monday, April 05, 2021

CREDAI NEWS
9 more companies to set up vax sites
https://timesofindia.indiatimes.com/city/pune/9-more-companies-to-
set-up-vax-sites/articleshow/81902729.cms

After Tata Motors, nine more firms in Pimpri Chinchwad plan to set up
Covid-19 vaccination for employees and their family members on the
company premises within a week. Civic health officials have also started
conducting vaccination drives at 23 schools for eligible general citizens
to speed up the vaccination process within the limits of Pimpri
Chinchwad Municipal Corporation (PCMC). Health officials aim to boost
daily vaccination coverage from 13,000 to 25,000 within a week with the
involvement of companies and schools.
COVID-19: Maharashtra CM Uddhav Thackeray meets business
leaders to discuss mitigation plan
https://www.financialexpress.com/industry/covid-19-maharashtra-cm-
uddhav-thackeray-meets-business-leaders-to-discuss-mitigation-
plan/2226629/

Maharashtra Chief Minister Uddhav Thackeray on Sunday met a group

of business leaders from the state to discuss the way forward to restrict
the rise in COVID-19 cases. The virtual meeting, held early in the
afternoon between the CM and the industrialists, was led by banker
Uday Kotak, who is the national president of industry lobby CII, officials
said. In face of the rising infections the state had recorded over 49,000
new infections on Saturday, contributing more than half to the national
tally – Thackeray had on Friday said that he will consult all the
stakeholders and announce the mitigation strategy in a couple of days.
Industry leaders had warned of immense hardships to the people if a
lockdown is imposed again in Maharashtra.
INDUSTRY NEWS
Surge in Covid cases may prompt RBI to maintain status quo on
rates
https://www.livemint.com/industry/banking/surge-in-covid-cases-may-
prompt-rbi-to-maintain-status-quo-on-rates-11617529369037.html

A sudden surge in COVID-19 cases and the government's recent mandate

asking the central bank to keep retail inflation around 4 per cent are
likely to prompt the Reserve Bank to maintain status quo on policy rates
at its first bi-monthly monetary policy review for the current fiscal,
according to experts.
The Monetary Policy Committee (MPC), RBI's rate-setting panel, is also
likely to maintain the policy stance accommodative at the next policy
review to be unveiled on April 7, say experts.

Mumbai: Housing sales fall as stamp duty restored

https://www.freepressjournal.in/mumbai/mumbai-housing-sales-fall-
as-stamp-duty-restored

As the earlier five per cent stamp duty came into effect starting from
April 1, the city's housing sales are witnessing a downward trend.
According to the data from the Department of Registration and Stamps
Mumbai on April 3, a total of 544 housing sales were registered,
generating revenue of nearly Rs 23.22 crore only. The conveyance sales
registered were of three days together. Previously, however, when the
lower stamp duty offer was available, the daily average rate of new
registrations was between 500 and 707 units.
Steel prices likely to go up again in April
https://www.financialexpress.com/industry/steel-prices-likely-to-go-
up-again-in-april/2226785/

While India HRC prices in Mar-21 were flat m-m and lower vs the peak
levels in Jan-21, they were up ~42% on a y-o-y basis. A near-term
momentum in HRC prices is likely, with prices expected to witness Rs
2,000-3,000/t hikes in April 2021, on the back of strong domestic
demand, rise in export price offers (up $30/t w-w) from Vietnam and
local steel being Rs 5,000/t cheaper vs imported steel on landed cost
basis, Nomura has said.

Prepared by
PR Team CREDAI National