Page 1418 - Economy & Policy News

Global supply of chips in danger unless Taiwan gets vaccinated

Taiwan's dominance for cutting-edge chips is under attack as governments from the U.S. to Europe and Japan, alerted to the strategic nature of the semiconductor supply chain, seek to spur production.

RBI's new restructuring package for small borrowers: Will it work?

The new restructuring package for small borrowers has little chance of taking off

How first-time FMs of Kerala, TN, Assam may impact Centre-state relation

Kerala, Tamil Nadu and Assam, all have first-time finance ministers. Aditi Phadnis looks at how they may impact Centre-state relation in terms of revenue and power-sharing

Centre, states stare at Rs 2-trillion GST cess gap amid Covid-19

The GST compensation of states is expected to widen to Rs 2.5-3 trillion in FY22 as against the cess collection of Rs 1 trillion estimated in the Budget

UP's bid to keep expressway work in the fast lane amid Covid-19 crisis

Four expressway projects with an estimated outlay of Rs 80,000 crore are in different stages of development in the state

Statsguru: Six charts explain why monsoon is so important for economy

An even more virulent second wave means that economic growth, income and employment will again depend on agriculture to a large extent

Saving people from disease better than shielding industry

Should the govt policy benefit a few manufacturers through protection from imports or a large number of people via easier access to cheaper devices that help reduce chances of contracting diseases?

SGX-NSE may start operations at Gift City by Dec: IFSCA's Injeti Srinivas

In a telephonic interview with Shrimi Choudhary, Injeti Srinivas, chairman of IFSC Authority (IFSCA), discusses the impact of Covid-19 on the operations of Gift City

States likely to ask for five-year extension of GST compensation

Tax sops on Covid supplies to also be on agenda at Council meet

Cabinet secretary Rajiv Gauba to check progress of PLI schemes this week

The scheme also aims at making domestic manufacturing globally competitive, create jobs, and boost exports.

A recovery interrupted

This first of a two-part essay assesses the emerging economic fallout of the second wave

Soybean meal prices doubled; govt should permit import at zero duty: AIPBA

Expressing concern over rise in animal feed prices in domestic market, All India Poultry Breeders Association demanded govt to reduce import duty on soybean meal to zero for at least five months

MSME needs 'concentrated, right kind' of relief package: Assocham

Industry body Assocham has demanded from the government a 'concentrated and right kind' of relief package for MSME sector, which was most affected by covid-19 pandemic

Covid impact on retail: Health, hygiene, instant food products sales surge

Discretionary categories like beauty and cosmetics, fashion and apparels have been affected adversely during the second wave of the pandemic

GST Council may decide on easing levy on imported oxygen concentrators

The Delhi HC last week said that imposition of 12% IGST on oxygen concentrators for personal use or those received as gifts is 'unconstitutional'

Industry body IPMA seeks govt intervention to regulate rising steel prices

Industry body Indian Pipe Manufacturers' Association (IPMA) has sought government intervention to regulate the prices of steel, which are trading at an all-time high in India.

Slackening economic momentum to limit discretionary purchases: ICRA

In addition, contact-intensive services can expect cutback in spending, said Chief Economist Aditi Nayar

India's consumer confidence worsens in May as Covid hits sentiment

The monthly Refinitiv-Ipsos Primary Consumer Sentiment Index (PCSI) for India, in May, has shown a sharp drop of 6.3 percentage points, over April 2021, amid Covid-19 fears

Base effect, recovery boosts India's engineering goods exports in April

India's engineering goods exports to 23 key markets, including the US, China and Germany recorded positive year-on-year growth in April 2021, EEPC India said on Saturday

India unlikely to accept IEA's call to stop new fossil fuel investments

"We do not think the report by IEA has been vetted by the member countries as a position document", said a senior source in the government