Page 1431 - Economy & Policy News

Manufacturing employment nearly half of what it was five years ago

Manufacturing accounts for nearly 17% of India's GDP, but the sector has seen employment decline sharply in last 5 years - from employing 51 million Indians in 2016-17 to reach 27.3 million in 2020-21

India to breach fiscal deficit target in FY22: Fitch Solutions

India is likely to breach its fiscal deficit target in the financial year to March 2022 mainly due to revenue shortfall, Fitch Solutions said Friday.

India offers to lift regular Saudi oil volumes in June after May cuts

Indian state refiners on Thursday placed orders for regular supplies from Saudi Aramco for June, after reducing purchases this month, drawn by lower prices by the world's top oil exporter

Second Covid-19 wave: Global ports slam the door on Indian seafarers

Covid restrictions on one of the world's largest sources of sea crew may hurt India's trade

Mall rentals fall up to 50% as second Covid-19 wave hits business

Developers non-committal about rent waivers, offer longer revenue-share periods

Govt asks PSBs to protect dollar assets on Cairn concern: Report

The banks' decision to avoid adding more dollars to their offshore account has roiled India's exchange rate in recent days

Monsoon likely to arrive over Kerala on June 1, says Earth Sciences Secy

IMD announcement on May 15; timely onset augurs well for its subsequent progress and movement over mainland, which should aid in timely plantation of kharif crops

India's fiscal response to Covid conservative, need large stimulus: Report

Bold measures will be required to emerge stronger from the crisis, said the report, 'State of Working India 2021: One Year of Covid-19,' released on Wednesday by Azim Premji University

Amid Covid resurgence, Fitch predicts India's GDP growth at 9.5% for FY22

Credit Suisse cuts it to 8.5-9%; IMF says multilateral response is key to revival

Hospitals to reap the benefits of RBI's health care liquidity injection

While top hospital chains reported an average borrowing cost of 9.8% in H1FY21, loans under the special RBI liquidity window for the health care sector are expected to come at around 6%

IMF to revisit growth forecast for India due to surge in Covid-19 cases

Covid-19 infections in India have surged past 21 million, with a death toll of 230,168, health ministry data showed

Covid: Around 2,511 tonnes of liquid medical oxygen delivered, says railway

The Railways has delivered 161 tankers with around 2,511 tonne of liquid medical oxygen to various states across the country so far

Patent waiver in WTO to enable timely availability of Covid vaccines: Govt

India said temporary waiver of certain provisions of intellectual property rights under a WTO agreement would be an important step to enable scaling up of Covid-19 vaccines manufacturing

Negative RT-PCR report must for arriving in Bengal by train: Railways

Those arriving in West Bengal by train must carry negative RT-PCR report, the Railways said on Thursday citing an order from the chief secretary of the state

Covid-19 pandemic: Odisha seeks GST exemption on purchase of vaccines

Odisha also asks for financial assistance to states from the cess and surcharge collected by the Union government from various products

FinMin releases Rs 9,871 cr as revenue deficit grant to 17 states

A total amount of Rs 19,742 crore has been released in the first two months of the current financial year

Covid-19 second wave can hit energy demand in April-June quarter: Ind-Ra

Restrictions following the second wave of the COVID-19 pandemic could impact energy demand growth recovery in the first quarter of this financial year, says India Ratings and Research (Ind-Ra)

Tractor sales set to hit speed bumps as pandemic reaches the hinterland

Sentiments have turned negative due to the persistent rise in cases; farmers are saving cash for health-related exigencies

230 million Indians pushed into poverty amid Covid-19 pandemic: Report

As the pandemic and eventual lockdowns wreaked havoc on the economy and livelihoods, around 230 mn Indians have been pushed into poverty during the past year, showed a report by Azim Premji University

Monsoon onset over Kerala likely on June 1: Ministry of Earth Sciences

Extended forecast suggests that monsoon will arrive in Kerala around June 1, its normal onset date, said M Rajeevan, the secretary in the Ministry of Earth Sciences