Page 1689 - Economy & Policy News
Tile players' turnover likely to decline 15-25% in FY21, says ICRA
The Covid-19 pandemic has exacerbated weakness in the domestic tile demand, following the negative impact on its end-consumer industry, the real estate sector, ratings agency ICRA said on Monday
 "Tile players' turnover likely to decline 15-25% in FY21, says ICRA")
External Affairs Minister S Jaishankar to stop over in Iran enroute Russia
External Affairs Minister S Jaishankar is likely to make a stopover in Iran on his way to a four-day visit to Russia
 "External Affairs Minister S Jaishankar to stop over in Iran enroute Russia")
Jagan Reddy launches schemes to provide nutritious food to women, children
YS Jagan Mohan Reddy launched two nutrition schemes 'YSR Sampoorna Poshana' and 'YSR Sampoorna Poshana Plus' which aim at providing nutritious food to pregnant women, lactating mothers and children
 "Jagan Reddy launches schemes to provide nutritious food to women, children")
India, Angola hold 1st joint commission meet, agree to diversify trade ties
India and Angola held the first Joint Commission Meeting during which two sides agreed to diversify their trade relationship and discussed cooperation in health, pharmaceuticals, defence, agriculture
 "India, Angola hold 1st joint commission meet, agree to diversify trade ties")
Entire GST shortfall will be compensated, says govt ahead of Sept 10 meet
The finance ministry ruled out borrowing by the Centre as suggested by some states
 "Entire GST shortfall will be compensated, says govt ahead of Sept 10 meet")
Personal data protection law likely to see more delay, face another hurdle
Long list of stakeholders yet to depose, many thorny issues pending
 "Personal data protection law likely to see more delay, face another hurdle")
Salaried class pours, informal workers pare pension money: PFRDA data
Contributions towards pension rose as new subscriber growth fell in April-July
 "Salaried class pours, informal workers pare pension money: PFRDA data")
Despite swelling Covid fears, domestic cruise liners wait for a smooth sail
Foreign tourists, cruises go missing this sailing season that kicks off on October 1
 "Despite swelling Covid fears, domestic cruise liners wait for a smooth sail")
After 40% rise in Q1, capital expenditure dropped in July, shows data
Analysts say there is need to wait to gauge govt's plans
 "After 40% rise in Q1, capital expenditure dropped in July, shows data")
Air passenger traffic grows 26% sequentially in August, says Icra
Passenger traffic on year-on-year basis, however, plunged by 77 per cent in August, Icra said
 "Air passenger traffic grows 26% sequentially in August, says Icra")
Agritech firms received $532 million investment till April this year: EY
The agritech is helping in solving many challenges across the spectrum of the traditional agriculture value chain
 "Agritech firms received $532 million investment till April this year: EY")
Real estate sector welcomes RBI approval of Kamath panel's debt recast plan
The committee has selected 26 sectors, including real estate, which will require restructuring based on its analyses of financial parameters hit due to the economic crash caused by the Covid-19
 "Real estate sector welcomes RBI approval of Kamath panel's debt recast plan")
Need to enable payment solutions for feature phone users: RBI official
Covid-19 pandemic has inadvertently provided enormous impetus to digital payment adoption
 "Need to enable payment solutions for feature phone users: RBI official")
A year later, govt's plan to enter e-retail remains a non-starter
Bharat Craft portal planned by the MSME ministry to help small biz, rural and tribal communities still not ready
 "A year later, govt's plan to enter e-retail remains a non-starter")
Centre has walked the talk on capex, shows official data
Data from Controller General of Accounts shows capital expenditure for April-June 2020, at Rs 88,273 crore, was 40% higher than a year ago, though the gap narrowed to just 4% by July-end
Domestic tiles demand likely to remain weak in current fiscal: Icra
The domestic tiles demand is likely to remain weak in the current fiscal, mainly due to low disposable income and subdued consumer sentiment amid Covid-19 pandemic, according to rating agency Icra
 "Domestic tiles demand likely to remain weak in current fiscal: Icra")
World economy unlikely to attain pre-Covid output level before 2022: Report
With COVID-19 still dominating major developments globally, the world economy is not likely to re-attain pre-pandemic output levels before 2022, says a report
 "World economy unlikely to attain pre-Covid output level before 2022: Report")
Monthly collections from securitised retail loans up to 50% in June: Crisil
Collection ratio for loans in microfinance, commercial vehicle and mortgage space had fallen to near-zero in many pools in April 2020
 "Monthly collections from securitised retail loans up to 50% in June: Crisil")
Power generation, rail freight show gains among weekly economic indicators
Gains seen compared to the previous week, besides improvement relative to 2019
 "Power generation, rail freight show gains among weekly economic indicators")
Risks to economic recovery rise as Covid-19 infection rate spikes: Moody's
The continued rise in new infection rates across parts of Europe and Asia highlights the risk of a second wave which could lead to renewed closures and a pullback in consumption, Moody's has said
 "Risks to economic recovery rise as Covid-19 infection rate spikes: Moody's")