Page 1416 - Economy & Policy News

Tamil Nadu MSMEs appeal to govt for support to overcome Covid led crisis

The association of Micro, Small and Medium Enterprises (MSME) units across Tamil Nadu have written to the state and central governments for assistance and support to overcome the crisis

Centre may need to borrow Rs 1.6 trn more to pay states for revenue loss

The government is expected to muster only Rs 1.1 trillion as it borrows more for a second year straight.

GST panel rejects demand for tax waiver on Covid-19 vax, ventilator

GST fitment panel has recommended a short-term rate cut on four Covid-19 related items

Reserve Bank of India digs in heels on auditor appointments at banks, NBFCs

The para banks, however, were allowed to do the change from the second half of the fiscal year.

Grain output to rise to record 305.43 MT in 2020-21: Third advance estimate

Country sees robust rice, wheat and pulses production amid good monsoon rains last year

Around 1.2 million join ESIC in March, 100,000 more than February

Gross new enrolments with the Employees' State Insurance Corporation (ESIC) were 0.8 million in June 2020

India's Q4 GDP data likely to be better than estimates, say experts

However, for the full fiscal year, they see economy contracting 7-8%

Finance Ministry plans stimulus package to support economic growth: Report

Ministry working on proposals to bolster the tourism, aviation and hospitality industries, along with small and medium-sized companies.

Longer work hours the biggest impact of Covid-19 pandemic on workers: Study

A KPMG survey with 57% millennial respondents shows the average Indian youth is way more insecure about his financial future as he adapts to the new WFH culture

Farzad-B gas field: India one of the losers in energy politics of West Asia

Last week, after chasing India to develop the field for 13 years, Iran announced that it will develop the offshore gas field, which runs along the country's maritime border with Saudi Arabia

Post new IT rules deadline, social media companies' future looks dark

Experts say companies qualifying as social media intermediaries may lose safe harbour protection under existing law

States scramble to fight black fungus amid a relentless second Covid wave

State task forces are working to detect the causes of this disease and design protocols for treatment.

Centre deciding Covid-19 jab quota leads to lower allocation, say states

But vax makers say centrally controlled allocation efficient

Govt to seek approval from Cabinet to set up a land bank company

DIPAM finalises structure of the company that will sell land parcels of govt departments and PSUs

Borrowers' falling fleet use, cash flows to hit vehicle financers: Ind-Ra

Drop in collection efficiency to materially impact vehicle financers' asset quality, as rising fuel cost would reduce borrowers' ability to service debt

At current rate, India will vaccinate 75% population only by mid-2024

Asking rate in coming months is thrice the current vaccination rate, a tall order unless vaccine procurement is ramped up on a war footing

India's foodgrain output to rise 2.66% to record 305.43 MT in 2020-21: Govt

India's foodgrain production is estimated to rise 2.66 per cent to a new record of 305.43 million tonnes in the current crop year 2020-21, on better output of rice, wheat and pulses

Govt assessing economic impact of second Covid wave for possible stimulus

The government has begun assessing the impact of the second wave of infections on different sectors and may look at providing support at an appropriate time to segments requiring fiscal help

UK kick-starts preparations ahead of talks on trade deal with India

Launches 14-week consultation to seek views of the public and businesses

Healthy FDI inflow confirms preferred investment status of India: CII

Healthy flow of FDI into the country corroborates India's status as a preferred investment destination among global investors, industry chamber CII said on Tuesday.