Page 1594 - Economy & Policy News

India's factory activity falters in November as Covid-19 fears persist: PMI

Asia's third-largest economy and the second most affected country by the pandemic contracted 7.5% in the July-September quarter

Delayed payments to rejection: MGNREGS workers spend money to collect wages

Nearly 13% of surveyed workers reported rejected payments and most were unaware of the reason for rejection

As China halts imports, India's craft beer craze may rescue Aussie barley

With India's population growing by 15 million per year, the industry will need to make an additional 2 million hectoliters between 2019-24 -- or 80 Olympic swimming pools worth, Bloomberg Intelligence

Goldilocks year awaits emerging markets defying Covid-19 pandemic rout

Underpinning the recovery is a resurgence in foreign-investor interest

FinMin proposes DFI tag for IIFCL to support long term financial needs

IIFCL is a government-owned entity, which is registered as a non-deposit accepting loan company with the Reserve Bank of India.

Little co-relation between health spend and Covid-related results: Ind-Ra

While hospitals and beds are essential to manage case load, administrative intervention is a must for mass-scale testing and arresting the spread of the disease, the report says

Indraprastha Gas may hike prices marginally to make up for rise in cost

The Petroleum and Natural Gas Regulatory Board recently notified access codes for new city gas distributors, a move that is expected to simplify tariffs and attract investment in the sector

AEO benefits continue even after switching operations to MOOWR: Expert

Operating under Section 65 of Customs Act, 1962 has no effect on AEO status

ECLGS 2.0 'more than enough' to stabilise covid-hit firms: CRISIL

The KV Kamath committee to finalise financial parameters for restructuring of companies hit by the pandemic had identified 26 sectors.

After hiking fertiliser, Centre may now review food subsidy outlay

Of the Rs 1.15 trillion budgeted as food subsidy for the fiscal year, Rs 1.05 trillion was spent by October

India's 10-year growth one of the biggest laggards in Asia, EM peers

The data for East Asia & Pacific, excludes high income countries such as Japan, South Korea, Taiwan, Hong Kong, Australia, and New Zealand

S&P retains India's GDP forecast at 9% contraction for current fiscal

The RBI in October projected India's economy to contract by 9.5 per cent this fiscal.

Organised F&G retail's FY21 revenue expected to decline by 5-10%: Ind-Ra

The ratings agency attributed the decline on Covid-19-led business disruptions and general economic slowdown

India's office market to remain resilient in 2021, says Knight Frank

In particular, it pointed out that Bengaluru has the benefit of existing low vacancies that will enable absorption of much of the upcoming supply

As recession hits nation, dedicated freight corridor may get operational

Augmenting freight operations through better marketing, cheaper tariff and discount packages has been on the railway agenda

Farms to factories and back

Usually, in the June quarter, the GDP shrinks by about 3-4 per cent compared to the previous quarter. This is because there is seasonality in the GDP series

Bengaluru office mkt to see rent spike; Mumbai, Delhi stable: Knight Frank

Bengaluru has low vacancies that will enable absorption of upcoming supply. Its rentals are lower than global markets and its large talent pool should help quicker market revival

Office space leasing by co-working players to fall 58% in 2020, says report

At a juncture when co-working spaces were seeing strong growth, the outbreak of Covid-19 has played spoilsport.

OMCs pause petrol, diesel price hike after a consistent rise in past week

Oil marketing companies held back the increase in the prices of petrol and diesel, much to the relief of consumers who have faced consistent increase in auto fuel prices in the past week

While US, Europe rebound, India yet to find firm ground as economy shrinks

The new figures firmly ensconced India's position among the world's worst-performing major economies, despite expansive government spending designed to rescue the thousands of small businesses