Cares Act

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With most offices, shops shut due to COVID-19 lockdown, it's imperative that Centre enacts appropriate law on payment of commercial rent
Business

With most offices, shops shut due to COVID-19 lockdown, it's imperative that Centre enacts appropriate law on payment of commercial rent

Unlike the UK Coronavirus Act, the US CARES Act or Singapore's COVID-19 Act, which provided some relief to businesses unable to pay rents on offices and shops in these countries due to lockdown, India has not enacted any such legislation to minimise the hardships of Indian business owners

Indian-origin engineer in US charged with fraudulently seeking over $10 million from COVID-relief fund
India

Indian-origin engineer in US charged with fraudulently seeking over $10 million from COVID-relief fund

An Indian-origin engineer in the US has been charged with fraudulently seeking more than $10 million in loans under a coronavirus relief programme set up to help small businesses.

American Airlines posts $2.2 bn loss on pandemic, first since bankruptcy exit; total operating revenue declines nearly 20% to $8.5 bn
Business

American Airlines posts $2.2 bn loss on pandemic, first since bankruptcy exit; total operating revenue declines nearly 20% to $8.5 bn

American Airlines has already reduced its flight schedule by about 80 percent in both April and May. Its June capacity will be down 70 percent, it said.