Page 1760 - Economy & Policy News
Covid-19 exposes Asian banks' vulnerability to US dollar funding: ADB
US dollar-denominated lending has increased across banks in high-income Asian economies, notes ADB briefing paper
 "Covid-19 exposes Asian banks' vulnerability to US dollar funding: ADB")
Economic activity reviving; GST collections good sign: CBDT chief Mody
He tells Dilasha Seth, in an interview, that 58,000 cases will be assessed through the faceless mechanism by October.
 "Economic activity reviving; GST collections good sign: CBDT chief Mody")
Air travel bubble takes flight even as demand tapers due to entry curbs
Air France and United have already commenced bookings for travel from Paris and Newark to India, while Lufthansa is yet to open inbound sales
 "Air travel bubble takes flight even as demand tapers due to entry curbs")
India seeks new preferential treatment from US on drugs, other goods
India accounts for 40 per cent of US generic drug imports, including the anti-malarial hydroxychloroquine, touted by US President Donald Trump in the fight against Covid-19.
 "India seeks new preferential treatment from US on drugs, other goods")
Govt makes it a must for e-commerce platforms to display country of origin
New Consumer Protection Act lays down rules, fixes penalty
 "Govt makes it a must for e-commerce platforms to display country of origin")
Centre likely to reduce AGR licence fee for wireless broadband to Re 1
Cabinet likely to take up the issue in its next meeting
 "Centre likely to reduce AGR licence fee for wireless broadband to Re 1")
Rains may pick up in the next few days over north and south India: IMD
The steady monsoon progress has spurred sowing of kharif crops and till last week, acreage was almost 21 per cent more than the same period last
 "Rains may pick up in the next few days over north and south India: IMD")
Govt's move on glyphosate use leaves all unhappy, may not curb rampant use
While it is easier to check its use in urban areas, as most of the 300 registered PCOs are in cities, keeping a track in rural areas after the chemical has been sold by the retailer is an uphill task
 "Govt's move on glyphosate use leaves all unhappy, may not curb rampant use")
Covid-19 impact: Aviation, automobile sectors see worst tax outgo in Q1
Maruti Suzuki, Bajaj Auto, and Hero MotoCorp's tax collections were down 60-85 per cent.
 "Covid-19 impact: Aviation, automobile sectors see worst tax outgo in Q1")
From TCS to Wipro, top IT firms' headcount drops first time in a decade
The data compiled by the BS Research Bureau shows that never before have all four firms seen a fall in staff count, at least not for a decade, despite several business cycles.
 "From TCS to Wipro, top IT firms' headcount drops first time in a decade")
MSME margins to shrink on Covid-induced loss of demand: CRISIL SME Tracker
Long constrained for liquidity, MSMEs now also have to cope with loss of demand, labour shortage, and heightened risk aversion in the financial system due to the Covid-19 pandemic.
 "MSME margins to shrink on Covid-induced loss of demand: CRISIL SME Tracker")
FTAs have not served Indian economy well in capacity building: Jaishankar
He said post Covid-19, the world is heading towards a more protectionist economy
 "FTAs have not served Indian economy well in capacity building: Jaishankar")
Retail inflation for farm workers, rural labourers eases in June: Govt
According to the statement, inflation based on food index of CPI-AL and CPI-RL stood at (+) 8.57 per cent and (+) 8.41 per cent, respectively, in June 2020
 "Retail inflation for farm workers, rural labourers eases in June: Govt")
Covid-19 casts a new light on steel as rural India provides some succour
With rural India being the only bright spot in the pandemic, steelmakers are looking beyond automobile and exports to daily-use products
 "Covid-19 casts a new light on steel as rural India provides some succour")
FDI inflows on the rise, great time to invest in India: PM to IBM CEO
In a virtual interaction with Krishna, the prime minister noted that while the world is witnessing a slowdown, FDI inflow in India is increasing
 "FDI inflows on the rise, great time to invest in India: PM to IBM CEO")
Retailers urge states to ease shopping hour curbs in localised lockdowns
RAI makes representation to states, local authorities seeking resumption of normal business hours
 "Retailers urge states to ease shopping hour curbs in localised lockdowns")
CAIT urges govt not to decriminalise bouncing of cheques, writes to FM
The finance ministry has proposed to decriminalise a host of minor offences, including those related to cheque bounce and repayment of loans
 "CAIT urges govt not to decriminalise bouncing of cheques, writes to FM")
EPFO records 318,000 new enrolments in May amid Covid-19-induced lockdown
Provisional payroll data released by the EPFO last month showed that net new enrolments stood at 133,000 in April this year
 "EPFO records 318,000 new enrolments in May amid Covid-19-induced lockdown")
CBDT to share depreciation, turnover info of small firms with MSME ministry
The Central Board of Direct Taxes has signed a memorandum of understanding in this regard with the Ministry of Micro, Small and Medium Enterprises
Container cargo handling at major ports down over 30% in Q1 amid Covid: IPA
In terms of tonnage, the container cargo declined 30.11 per cent to 26.34 million tonnes in the quarter
 "Container cargo handling at major ports down over 30% in Q1 amid Covid: IPA")