Page 1730 - Economy & Policy News
Indian hotel industries' Revenue Per Available Room down 43.5% in 2020: JLL
Mumbai continues to be the RevPAR leader in absolute terms, despite the decline of RevPAR by 81 per cent in Q2 2020 compared to Q2 2019
 "Indian hotel industries' Revenue Per Available Room down 43.5% in 2020: JLL")
Financial sector firms hit market to prepare for post-Covid world
Most private banks and non-banking firms are able to raise money on the strength of their profile
 "Financial sector firms hit market to prepare for post-Covid world")
DGFT undergoing an overhaul to boost trade post-Covid pandemic
Exporters have for long been demanding that the DGFT portal be made more comprehensive and its online services more interactive and customer-focused
 "DGFT undergoing an overhaul to boost trade post-Covid pandemic")
Gujarat emerges as most tax-compliant state in AY19, Bihar least compliant
Among large states, the lowest rate of filing was seen in Bihar at 5 per cent, followed by UP at 8.11 per cent - much below the national average of 12 per cent
 "Gujarat emerges as most tax-compliant state in AY19, Bihar least compliant")
DoT willing to give 5 MHz from premium band to Railways, but for a price
Dept wants Railways to use the airwaves for non-commercial purpose and meet its remaining needs through the delicensed spectrum
 "DoT willing to give 5 MHz from premium band to Railways, but for a price")
Covid-19 impact: Services PMI rises but fails to break out of contraction
Downturn grips sector as job loss, low export orders and poor domestic demand distress companies
 "Covid-19 impact: Services PMI rises but fails to break out of contraction")
Malls in Mumbai resume operations after four months; rains hinder footfall
Even as torrential rains lashed the city, the malls in Mumbai witnessed 15-20 per cent footfall on Wednesday, on opening after a gap of over four months.
 "Malls in Mumbai resume operations after four months; rains hinder footfall")
Ratle hydroelectric power project to be revived soon: Jitendra Singh
The 850-MW Ratle hydroelectric power project in Jammu and Kashmir, work on which was stalled for the past six years, will be revived soon, Union minister Jitendra Singh said on Wednesday.
 "Ratle hydroelectric power project to be revived soon: Jitendra Singh")
Women likely to be harder hit than men by trade disruptions: WTO report
Women are likely to be harder hit than men by trade disruptions caused by the Covid-19 pandemic and the dangers are particularly acute in developing countries
 "Women likely to be harder hit than men by trade disruptions: WTO report")
Fast-moving story slides into the slow lane but Britannia bucks the trend
Most players struggle to get back on course, but Britannia emerges stronger
 "Fast-moving story slides into the slow lane but Britannia bucks the trend")
Centre says up to 75 cr beneficiaries got free grains under PMGKAY
Union Food Ministry on Wednesday said free foodgrains under PMGKAY were distributed via ration shops to up to 75 crore beneficiaries during April-June period.
 "Centre says up to 75 cr beneficiaries got free grains under PMGKAY")
RBI may not cut lending rate; announce other measures to boost growth
Although opinions are divided on the rate cut, experts believe loan restructuring is more essential at this juncture to combat the impact of Covid-19
 "RBI may not cut lending rate; announce other measures to boost growth")
Punjab to provide health insurance to all state govt employees, pensioners
The Cabinet has approved the extension of AB-SSBY for the next policy plan period from August 20, 2020 to August 19, 2021 at the tendered premium rate of Rs 1,100 per family per year.
 "Punjab to provide health insurance to all state govt employees, pensioners")
Next round of Covid stimulus: Where can the Centre intervene fiscally?
In meetings over the past two weeks in the PMO, advisors and bureaucrats are learnt to have given their views on what shape and form the next set of stimulus announcements should take
 "Next round of Covid stimulus: Where can the Centre intervene fiscally?")
How data-driven models map Covid-19 risk prone states, aid policy response
Standard epidemiological and statistical models by researchers across the world are showing the warning signs, and the way in which policy response should be directed
 "How data-driven models map Covid-19 risk prone states, aid policy response")
Railways changes freight policy, announces incentives to boost economy
With an aim to boost economic activities in the country during unlock 3.0, the Indian Railways is offering a slew of incentives, including 50% concession in terminal access charges for covered wagons
 "Railways changes freight policy, announces incentives to boost economy")
Blocking of online system for tax incentives to hit aluminium exports: AAI
Blocking of the online system for exporters to apply for tax incentives under the export incentive scheme MEIS has created an "extremely precarious situation" for aluminium exports
 "Blocking of online system for tax incentives to hit aluminium exports: AAI")
Medical device industry suffers up to 85% drop in revenues during Apr-June
Medical technology industry has suffered around 50-85 per cent drop in revenue during April-June with a decline in surgical procedures at hospitals due to Covid-19 situation, industry body MTaI said
 "Medical device industry suffers up to 85% drop in revenues during Apr-June")
Income tax scrutiny down in AY18; Delhi faced the highest, Bihar the least
Gujarat the most tax-compliant state in terms of proportion of return filers to PAN holders
 "Income tax scrutiny down in AY18; Delhi faced the highest, Bihar the least")
PLI scheme to be expanded to furniture, leather sectors as MEIS wounds up
The new scheme would replace the existing Merchandise Exports India Scheme (MEIS), introduced in April 2015
 "PLI scheme to be expanded to furniture, leather sectors as MEIS wounds up")