Page 1748 - Economy & Policy News

Housing sales dip 79% across top 8 cities in Apr-Jun over Covid-19 lockdown

According to the data, housing sales declined maximum 86 per cent 1,099 units in Hyderabad during April-June 2020, as against 8,122 units in the year-ago period

Plea against Insolvency code ordinance; Delhi HC seeks Centre stand

Delhi High Court sought the Centre's reply on a plea challenging the IBC Ordinance which suspended proceedings against defaults arising on or after March 25 for six months in view of pandemic

Govt plans tough rules to restrict use of Chinese telecom equipment

Telecom gear makers have to share source codes and get equipment tested by third-party labs accredited to the government.

As Chinese brands suffer, Samsung powers up smartphone biz in India

Gains 10% share as disruption hits Chinese smartphone majors

Cash-rich Indian IT services companies go aggressive in M&A space

As capital allocation is altered, dividend payout to dip in the ongoing financial year

CII asks Centre to look into additional tax being charged on minerals

CII cited the provisions of the Mines and Minerals (Development and Regulations)Act under which the mining leases in India for both coal and non-coal are granted and governed

Single window clearance, land bank to attract investors soon: Piyush Goyal

Piyush Goyal said six states have already given their consent for land bank, and potential investors would be able to locate and identify land from their distant offices for industries

Govt, RBI and 15th Finance Commission discuss bank recapitalisation

The banking sector needs to open up to the same levels of 'liberalisation process' which other sectors have witnessed, N K Singh said

25-30 million lost jobs in MSMEs during March-June, says survey

Another 10-15 million jobs may be lost by the end of August

Don't extend loan moratorium, it is being misused, Deepak Parekh urges RBI

Says some able borrowers are using it to deliberately delay payments

Resume overseas flights, metro rail services in Unlock 3.0: Ficci

The industry body has written to the Home Ministry suggesting opening of bars, cinema halls and sports venues

IGST crackdown: Exporters cry foul; govt refutes allegations of harassment

Say they are being harassed by the authorities even as 1,500 who claimed bogus GST refunds are untraceable

India's second digital strike: 47 more Chinese mobile apps blocked

Clones or lite versions of 59 apps banned earlier, say sources

Less than 50% occupancy not viable, won't open: Theatre owners to govt

The government is preparing new guidelines for further relaxation of restrictions from August 1

Traffic, internet speed and essential shopping decline to May-end levels

Business Standard tracks these and other high frequency indicators to understand how the economy is doing as it deals with the Covid-19 pandemic

Centre releases Rs 1.65 trillion as GST compensation to states for FY20

Cess collection was at Rs 95,444 crore, surplus fund of previous years and unallocated IGST fund used

Realisation of export proceeds not mandatory for drawback on re-exports

A licence or duty credit scrip obtained through misrepresentation is voidable but not void till it is cancelled

India Inc's foreign borrowings slip 81% to $1.02 bn in June: RBI

The domestic companies had raised $5.40 billion from the overseas markets in June 2019

Govt to go ahead with divestment of 23 PSUs cleared by Cabinet: Sitharaman

Talking about disinvestment plans, the minister said the government wants to sell stakein public sector companies at a time when it fetches the right price

No decision taken to reintroduce the FRDI Bill, says Finance Ministry

The government had withdrawn the FRDI Bill in August 2018 for further comprehensive examination and reconsideration of the subject