Page 1678 - Economy & Policy News

Indian economy staring at double-digit decline as Covid-19 cases spike

The failure to get infections under control will set back business activity and consumption -- the bedrock of the economy -- which had been slowly picking up

Govt deviates from norm, asks House to regularise 2-year-old expenditure

Demonstrates the sluggishness at the Centre in finalising its accounts, which means the states have to depend on older data to make their point about revenue and expenditure mismatch

Uncertainty looms on lives by the track despite govt assurance

In recent elections, the Aam Aadmi Party and the Bharatiya Janata Party have traded the 'jahan jhuggi, wahan makan' (shelters in every slum) poll plank

Farming, fin inclusion weakest spots in aspirational districts plan: study

Most districts are 40-90% off target; Initiatives on water resources and skill development also need much attention

World commercial services trade shows resilience despite momentum loss: WTO

4.3 per cent dip in services trade in first quarter of 2020 was not as much as earlier anticipated

RBI announces outright purchase of Rs 10k-cr of bonds from secondary mkts

The central had till now been simultaneously buying and selling bonds of equal amounts to keep the operation liquidity neutral.

Indian Railways to allow private players for bullet train projects

The projects -Delhi-Varanasi, Mumbai-Nagpur, Delhi-Ahmedabad, Chennai-Mysore, Delhi-Amritsar, Mumbai-Hyderabad, and Varanasi-Howrah - are expected to cost around Rs 10 trillion

No easing GST rate, automakers should cut royalty payments: FinMin sources

They say companies should cut royalty payments to parents abroad instead of asking GST cut to tide over Covid crisis

Maharashtra CM asks state industries dept for plan on ease of doing biz

He said the industries department should make the ease of doing business procedure more effective in the state

Passage of agriculture bills in Lok Sabha to empower farmers: Niti Aayog VC

For the first time, he said, farmers can proudly sell directly from their farms, igniting in them a sense of entrepreneurial freedom without the risk of trader exploitation

Self-reliance in manufacturing stumbles on massive import dependence

During 2018-19, foreign exchange spending mostly on capital goods stood at 25.5 per cent of total sales

Irdai to develop standardised products for bridging protection gap

Life Insurers must aim to achieve a 13th month persistency of 90% within a year, says Irdai chairman

Advance tax mop-up declines 25%, indicates economic health recovery

However, this is an improvement over the 40% decline seen in Q1; TDS down between 10 and 12% across jurisdictions

ESI subscribers to get Covid unemployment allowance within 15 days of claim

Payment will be made into bank account of insured, Aadhaar to be used for identification

Govt agencies to identify locations for EV charging stations in 2 weeks

Delhi government will aggregate these locations and work out a unified model for setting up 200 charging spots in the city in the next one year

Irdai panel recommends forming Rs 75,000 cr pandemic pool under PPP model

The group has recommended coverage for 40-50 million MSME workers initially

Farm bills to boost farmers' income, forces trying to mislead them: Modi

PM asserted that the bills will rid farmers and the farm sector of middlemen and other bottlenecks

SBI's Rajnish Kumar urges investors to take part in stressed assets sector

He also reiterated that the Insolvency and Bankruptcy Code (IBC) is not a recovery mechanism for lenders, but rather a means to preserve the value of enterprises

No plan to exclude Huawei, ZTE from 5G infra contracts: Sanjay Dhotre

The announcement quells fears among some telcos that Chinese players might be banned from participating in 5G trials and roll outs

Farm Bills: Tomar assures MSP mechanism will continue for farmers

Tomar said that many steps, proposed in the Bill, had been recommended by the numerous expert committees, including those which were constituted by the previous Congress government