Gujarat, 3 other States estimated to register double-digit contraction in GSDP: Ind-Ra

Gujarat, Assam, Goa, and Sikkim are likely to see a double-digit contraction in gross state domestic product (GSDP) during the current fiscal (FY21), India Ratings & Research (Ind-Ra) said.

The agency expects “the Gross State Domestic Product (GSDP) of all states in India to contract in FY21. The contraction will be in the range of 1.4 per cent-14.3 percent.”The Indian economy is estimated to de-growth by 5.3 percent.

For More Information Click Below :

www.thehindubusinessline.com/economy/gujarat-3-other-states-estimated-to-register-double-digit-contraction-in-gsdp-ind-ra/article31944287.ece?utm_source=pushnotifications&utm_campaign=pushnotifications&utm_medium=ALL_USER#

Maharashtra, Sikkim prohibit hotels from resuming operations

Key Take Away

Maharashtra and Sikkim prohibited hotels and restaurants from resuming operations, while Gujarat and Karnataka permitted hotels and restaurants to open as per the new standard operating procedures (SOPs) in a phased manner from June 8.
The Maharashtra government's order comes into effect from June 1 and shall remain effective till June 30. The Sikkim government has prohibited hotels and restaurants from reopening from June 1 until further notice.
The industry lobby group, which represents over 500,000 restaurants, cafes, bars, and pubs in the country, has asked for restaurants to be allowed to stay open beyond 9 pm and for reopening of public transport fully to aid staff movement.

For More Information

economictimes.indiatimes.com/industry/services/hotels-/-restaurants/maharashtra-sikkim-prohibit-hotels-from-resuming-operations/articleshow/76127152.cms

30,000 weddings cancelled in Gujarat amid COVID-19 pandemic

Key Take Away

March and April are considered the peak season when the maximum number of weddings take place in the state but due to the COVID-19 pandemic and subsequent lockdown has severely hit the wedding industry

At least 30,000 weddings planned across the state have been called off or postponed in the last two months People have been canceling their bookings and are waiting for the next auspicious season in December and January.

Some couples even opted for court marriages and planned to organize a proper wedding ceremony afterward

For More Information

www.newindianexpress.com/nation/2020/may/27/30000-weddings-cancelled-in-gujarat-amid-covid-19-pandemic-2148686.html