Page 1723 - Economy & Policy News
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.
 "Unplanned lockdowns slow economic recovery as unemployment rises")
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
 "NDLS revamp on the cards, to give Lutyens' Delhi a major facelift")
'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
 "'Atmanirbhar' airlines: Indian carriers focus on int'l passenger, cargo biz")
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
 "Working on idea of land bank to help small businesses: Nitin Gadkari")
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.
 "Throwback to SEZ era: Real estate sector makes room for data centres")
India's balance of payments will be very strong, says Piyush Goyal
Says overseas companies must stop having an 'assembly workshop' approach
 "India's balance of payments will be very strong, says Piyush Goyal")
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
 "Covid-19: Capital goods firms experiment with contracts, chase payments")
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
 "EPFO sees three-fold rise in provident fund withdrawal claims through app")
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).
 "Highway construction in Q1 dips to 18 km a day amid Covid-19 pandemic")
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
 "Imports from related party will be scrutinised by Customs: Expert")
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
 "Covid-19: Truth is the first casualty of India's pandemic finance")
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"
 "Former PM Manmohan Singh lists three-step solution for economic crisis")
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
 "Import ban on 101 defence items: Embargo formalises existing reality")
65% buyers will spend big this Diwali, shows TRA Research survey
The intent of the 65 per cent need not fully translate into shopping, but the study - TRA's Diwali 2020 Buying Propensity Report - hinted at categories that could be worth investing in
 "65% buyers will spend big this Diwali, shows TRA Research survey")
Air passengers awaiting return to normalcy, leisure travel: Survey
Air passengers are "eagerly" awaiting the return to normalcy of flight operations and are looking forward to international leisure travel, a survey by Mumbai airport operator MIAL has claimed.
 "Air passengers awaiting return to normalcy, leisure travel: Survey")
Localised lockdowns hampering business recovery potential: Retailers body
The Retailers Association of India (RAI) said signs of marginal recovery were observed in July as compared to June in its fortnightly business survey but local lockdowns are hampering recovery potenti
 "Localised lockdowns hampering business recovery potential: Retailers body")
More items to be included in list of banned defence imports: Rajnath Singh
The Atmanirbharta Saptah (self-reliance week) will be a witness to initiatives pertaining to modernisation & up-gradation of facilities by DPSUs & OFB
 "More items to be included in list of banned defence imports: Rajnath Singh")
DGTR for anti-dumping duty on Chinese chemical to avert cheap imports
The commerce ministry's investigation arm DGTR has recommended imposition of provisional anti-dumping duty on 'PET resin' chemical from China to guard domestic players from cheap imports.
 "DGTR for anti-dumping duty on Chinese chemical to avert cheap imports")
Govt to unveil more steps to attract investment in defence sector: Rajnath
The defence minister's comments came after he unveiled new infrastructure and facilities in a number of leading state-run defence majors to enhance their production lines and capabilities
 "Govt to unveil more steps to attract investment in defence sector: Rajnath")
FM launches NIP online dashboard for info on infra projects across India
In the Budget speech of 2019-2020, Sitharaman had announced an outlay of Rs 100 trillion for infrastructure projects over the next 5 years
 "FM launches NIP online dashboard for info on infra projects across India")