Biz EOD: CSR funds for coronavirus; supply starts for Covid-19 test kits; govt suspends domestic flights
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report
- Mar 23, 2020,
- Updated Mar 23, 2020 10:36 PM IST
Finance Minister Nirmala Sitharaman on Monday confirmed that spending of corporate social responsibility (CSR) funds for COVID-19 is eligible CSR activity. Two companies whose diagnostic test kits had been validated by the Indian Council of Medical Research (ICMR)'s National Institute of Virology have begun supplies. No domestic commercial passenger flight will be allowed to operate in the country from March 25 onward, says Union Civil Aviation Ministry. Read for more top stories from the world of business and economy:
The COVID-19 pandemic may bring a major change in the consumers' mindset and the value system that underpin their luxury buying decisions. The brands that would work to understand this and adapt accordingly will surely turn out to be the new champions.
Finance Minister Nirmala Sitharaman on Monday confirmed that spending of corporate social responsibility (CSR) funds for COVID-19 is eligible CSR activity. Two companies whose diagnostic test kits had been validated by the Indian Council of Medical Research (ICMR)'s National Institute of Virology have begun supplies. No domestic commercial passenger flight will be allowed to operate in the country from March 25 onward, says Union Civil Aviation Ministry. Read for more top stories from the world of business and economy:
The COVID-19 pandemic may bring a major change in the consumers' mindset and the value system that underpin their luxury buying decisions. The brands that would work to understand this and adapt accordingly will surely turn out to be the new champions.