From 15 million job lost in exports sector to government seeking proof of PM-CARES donations - here's all the headlines you may have missed today

• G-20 finance ministers, central bank and FM Sitharaman to meet on Apr 15 to discuss eco revival post COVID-19.
  
• Employers will have to show donations made by employees from their salary to the PM-CARES fund in Form 16 TDS certificate.
  
• Retirement fund body EPFO on Friday said it has settled 1.37 lakh provident fund withdrawal claims worth ₹ 280 crore.
  
• About 15 million people face job losses in India's exports sector following cancellation of over half of the orders.

Following are the top business stories of April 10:

G-20 finance ministers, central bank Guvs to meet on Apr 15 to discuss eco revival post COVID-19

Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das will on April 15 participate in the meeting of the G-20 countries to discuss the way forward in supporting the economy after the COVID-19 pandemic.

ADB assures USD 2.2 bn support package to India for COVID-19 response

Asian Development Bank (ADB) President Masatsugu Asakawa on Friday assured Finance Minister Nirmala Sitharaman of USD 2.2 billion (about Rs 16,500 crore) support to India in its fight against the COVID-19 pandemic.

Donation by employees to PM-CARES fund through employer to reflect in Form 16 TDS certificate

Employers will have to show donations made by employees from their salary to PM-CARES fund in Form 16 TDS certificate, the Income Tax department has said.

Enough stock of hydroxychloroquine in India: Govt

The government on Friday said that there is enough stock of hydroxychloroquine in the country and it is taking all steps to ensure that there is no shortage of the drug in the domestic market.

EPFO settles 1.37 lakh PF withdrawal claims worth around ₹280 cr to ease lockdown woes

Retirement fund body EPFO on Friday said it has settled 1.37 lakh provident fund withdrawal claims worth ₹ 280 crore to provide relief to subscribers during the lockdown.

ICICI Lombard, Go Digit, Flipkart join hands to offer Covid-19 health insurance

ICICI Lombard, Go Digit General Insurance and Flipkart on Friday said they have joined hands to offer health policies related to Covid-19.

India to export hydroxychloroquine only to foreign governments and not to pvt companies: Sources

India will export anti-malarial drug hydroxychloroquine, high in demand globally, only to foreign governments and not to private companies, as the product is under prohibited or banned category of exports, sources said.

Exports sector may witness 15 million job losses, increase in NPAs: FIEO

About 15 million people face job losses in India's exports sector following cancellation of over half of the orders and gloomy forecast for global trade due to the Covid-19 pandemic, exporters' body FIEO said on Friday.

Petrol pump operators seek financial support as losses mount on falling fuel sales

With coronavirus eviscerating demand, petrol pump operators on Friday said per pump sales have fallen to less than one-tenth, leading to heavy losses in establishment and employee cost.

Coronavirus deteriorates Air India finances but airline manages to keep afloat, says chief

Air India chief Rajiv Bansal on Thursday said that the "crippling effect" of coronavirus has further plummeted the airline's finances to a "precarious" position but despite that, it has managed to keep afloat.

Truckers demand relief package from govt as lockdown leaves them in limbo

With the livelihood of about 1 crore truckers in peril due to the lockdown, transporters on Friday urged the government for an immediate relief package for the transport sector.

Independent dir kingpin of corp governance; can't remain in 'cosy club': Srinivas

Asserting that steps have been initiated to develop a strong cadre of independent directors, Corporate Affairs Secretary Injeti Srinivas has said such people should not be part of a "cosy club" as they are key to corporate governance.

Pre-monsoon sowing of kharif crops begins; paddy acreage up 27%

Amid COVID-19 lockdown, pre-monsoon sowing of kharif crops has begun across the country with paddy acreage 27% higher at 32.58 lakh hectare so far as compared to last season, according to the agriculture ministry.

Foreign exchange reserves decline USD 902 mn to USD 474.66 bn

The country's foreign exchange reserves declined by USD 902 million to USD 474.66 billion in the week to April 3 due to a fall in foreign currency assets, according to the latest data from the Reserve Bank of India.

Covid-19 cripples ₹2,000-crore Jalandhar sports industry

With Covid-19 lockdown resulting in a complete halt of trading activities, barring some essential commodities, the over Rs 2,000-crore sports industry of Jalandhar is having a harrowing time as the current situation has forced sport goods manufacturers to defer orders.


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