Page 1434 - Economy & Policy News

India's recovery to be hit by Covid surge; fiscal metrics to stay weak: S&P

The second wave could possibly diminish growth for the full year: S&P

DoT nod to telcos for conducting 5G technology and spectrum trials

Telcos to start 5G trials in different locations across India and the trials will cover rural, semi-urban and urban areas

April auto sales show impact of coronavirus lockdowns, says report

The lockdowns have put the brakes on the recovery of the sector

Goldman Sachs lowers India growth forecast for FY22 to 11.1% amid lockdowns

A number of cities and states announced lockdowns of varying intensities to check spread of coronavirus infections

SC strikes down WB law on regulating real estate, holds it unconstitutional

The Supreme Court struck down West Bengal's law on regulating the real estate sector in the state, and said it was unconstitutional as the statute encroached upon the Centre's Real Estate Act

India notifies digital tax threshold of Rs 2 crore and 300,000 users

This is part of the Significant Economic Presence (SEP) principle, which was introduced in the Finance Bill 2018-19

Recovery tracker: Power generation growth slows down, mobility hit

People back to spending more time at home

Manufacturing PMI up marginally; growth of domestic orders, production slow

Consumer goods was the strongest-performing category in April, followed by capital goods and intermediate goods

RBI's LEF, forex intervention and Covid-19 push up short-term premium

Rates spike when there are huge dollars in the cash market but not enough takers to swap for a future date

E-way bills likely to fall to five-month low amid Covid-19 lockdown

Likely to decline to 55-58 million in April

SME Chatroom: Import of Covid-19 vaccine will attract Integrated GST

The notification no.28/2021-Cus dated April 24, 2021 does not exempt IGST leviable on medical goods

Real estate projects to feel the pinch as steel, cement prices rise

Road transport & highways ministry charges a 10x toll rate for major bridges, structures

FinMin asks state-run banks, insurers to postpone staff promotions

The advisory issued by the DFS states that the promotion process has coincided with a spike in Covid-19 cases across the country along with localised lockdowns

Second coronavirus wave leaves another 7 million people jobless in India

Unemployment increased to 7.97% from 6.5% in March, with more than seven million jobs lost last month, according to data from Centre for Monitoring Indian Economy

Businesses eyeing fresh trade agreement between India and UK, says UKIBC

The UKIBC said it expected to see a step-change in the volume and nature of the trade and investment relationship between the two countries

PM Modi discusses Covid-19 situation with European Commission President

'Team Europe stands in deep solidarity with our democratic partner India,' says Ursula von der Leyen in a tweet

Over 7.5 million people lose jobs in April as lockdowns bite: CMIE

The unemployment rate rose to a four-month high of 8 per cent

Statsguru: Coronavirus pandemic and the barriers in the skies

While some areas recorded recovery till the second wave hit, aviation continued to show considerable stress even when the Covid-19 spread had subsided

Govt gives ad hoc IGST exemption on import of coronavirus relief material

The exemption will also cover goods already imported but lying uncleared on the date of its issuance of exemption

'Covid-19 vaccine imports will attract IGST'

The notification dated April 24, 2021 does not exempt IGST leviable on on import of oxygen, oxygen-related equipment and Covid-19 vaccines