Page 1721 - Economy & Policy News

UP announces new investment policy to attract companies leaving China

Policy also seeks to provide a filip to industries in the backward Eastern and Bundelkhand regions

Tamil Nadu asks Centre for special Rs 9,000 crore grant to combat Covid-19

Since both central and state tax revenues will fall short of the Budget Estimates, grant will help, says Palaniswami

Workers return to new environment as companies reimagine workspaces

The manufacturing sector is reimagining workspaces to infuse confidence in workers

India inflation likely edged up in July on higher food prices: Poll

The August 6-10 Reuters poll of over 45 economists showed Indian retail inflation rose to 6.15 per cent last month from 6.09 per cent in June

Centre may allow cooperative banks to lend under Emergency Credit Line

Gadkari also said that the government aims to increase MSMEs' contribution to the GDP to 50 per cent and in share of exports to 60 per cent

Fuelling jugaad: Indian farmers' hacks threaten demand for diesel

Farmers' exasperation was driven by diesel prices bloated by a fivefold jump in central government taxes over the last five years.

Four-fifths of CEOs expect Covid pandemic to entrench remote working: PwC

New York, London and some other major cities currently have only a fraction of their normal workforce in offices as employers and governments have told staff to work from home

Unplanned lockdowns slow economic recovery as unemployment rises

Economy already headed for its worst slump in more than four decades, with the International Monetary Fund estimating the nation's GDP will shrink 4.5% this year.

NDLS revamp on the cards, to give Lutyens' Delhi a major facelift

IR is likely to invite requests for quotation (RFQs) this month for the Rs 7,500-crore project

'Atmanirbhar' airlines: Indian carriers focus on int'l passenger, cargo biz

With the Covid-19 pandemic slowing the once-booming domestic market, Indian carriers are discovering virtues in the international passenger and cargo business

Working on idea of land bank to help small businesses: Nitin Gadkari

The minister also said there was a need to think how India could increase exports and reduce import dependence

Throwback to SEZ era: Real estate sector makes room for data centres

The central government ministries, too, are getting into the act on behalf of the sector.

India's balance of payments will be very strong, says Piyush Goyal

Says overseas companies must stop having an 'assembly workshop' approach

Covid-19: Capital goods firms experiment with contracts, chase payments

Coping with Covid: Shorter credit-cycle deals, bank guarantees on pro-rata basis the new norm

EPFO sees three-fold rise in provident fund withdrawal claims through app

The Union Labour and Employment Ministry said in a statement that the EPFO received 1.1 million claims between April and July 2020 through the UMANG mobile application

Highway construction in Q1 dips to 18 km a day amid Covid-19 pandemic

The Ministry of Road Transport and Highways constructed 1,640 kilometres in the first quarter (April-June) of the financial year 2020-21 (FY21).

Imports from related party will be scrutinised by Customs: Expert

Rule 3(3)(a) of the Customs Valuation Rules, 2007 provides that where the buyer and the seller are related, the circumstances surrounding the sale will be examined

Covid-19: Truth is the first casualty of India's pandemic finance

Shadow banks will be the biggest losers. They will restructure their borrowers' loans but their own liabilities to banks won't get the same treatment

Former PM Manmohan Singh lists three-step solution for economic crisis

First of the three immediate steps is to "ensure people's livelihoods are protected and they have spending power through a significant direct cash assistance"

Import ban on 101 defence items: Embargo formalises existing reality

The air force has for decades been building its fighter and trainer aircraft in India, with the recent exception of the Rafale