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India allows e-tailers to deliver non-essentials from April 20

INDIA is planning to allow e-commerce companies to deliver non-essentials from April 20, reports said.

This is believed to be a major relief for people across the country which is under a 40-day lockdown.


Currently, e-tailers in India are only permitted to deliver essential food and medical supplies.

They are operating with less manpower due to ongoing restrictions.

Starting from April 20, e-commerce companies such as Amazon, Flipkart, Snapdeal and Paytm Mall can operate normally.

Reports say that Flipkart, Paytm Mall and Snapdeal are preparing to resume full operations from April 20. Amazon is waiting for some clarifications from the home ministry, it is learnt.

To facilitate e-commerce firms to restart full operations, the revised MHA guidelines allow all goods traffic to ply during the lockdown.

As per the guidelines issued on Wednesday (15), vehicles used by e-commerce operators will be allowed to ply with necessary permissions.

Movement of trucks with two drivers and one helper is allowed as is the opening of shops for truck repairs and dhabas on highways with a stipulated minimum distance prescribed by the authorities.

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UK house price growth slows to 0.3 per cent in October.

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UK house price growth slows as buyers delay decisions ahead of budget

Highlights

  • Average UK house price rose 0.3 per cent in October to £272,226, down from 0.5 per cent growth in September.
  • Annual house price growth edged up to 2.4 per cent, with market remaining resilient despite mortgage rates being double pre-pandemic levels.
  • Buyers delaying purchases amid speculation that November budget could introduce new property taxes on homes worth over £500,000.
British house prices grew at a slower pace in October as buyers adopted a wait-and-see approach ahead of the government's budget announcement on 26 November, according to data from mortgage lender Nationwide.

The average house price increased by 0.3 per cent month-on-month in October to £272,226, down from a 0.5 per cent rise in September. Despite the monthly slowdown, annual house price growth accelerated slightly to 2.4 per cent, up from 2.2 per cent in the previous month.

Robert Gardner, Nationwide's chief economist, said the market had demonstrated broad stability in recent months. "Against a backdrop of subdued consumer confidence and signs of weakening in the labour market, this performance indicates resilience, especially since mortgage rates are more than double the level they were before Covid struck and house prices are close to all-time highs".

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