Page 1779 - Economy & Policy News

Another Covid-19 wave can result in loss of 340 million jobs: ILO

The number of working hours lost across the world in the first half of 2020 was significantly worse than previously estimated.

Policy flip-flops may puncture India's image as 'pharmacy of the world'

India supplies almost 20 per cent of the medicines consumed by the world. Every third tablet in the US market is from India

New projects fall over 50% in June as coronavirus lockdown takes hold

Data from the Centre for Monitoring Indian Economy shows full effect of shutdown in June quarter

June manufacturing activity shrinks for third month in a row; PMI at 47.2

Job losses continue as domestic demand struggles and export orders remain absent

World Bank grants India $750 mn emergency funding to help small businesses

Some 1.5 million businesses in MSME sector will get liquidity and jobs will be saved as a result, says World Bank.

Covid-19: Here's how FMCG firms are going directly to the consumer

FMCG companies have stepped into the resultant gaps and have started to explore direct-to-consumer distribution channels

Covid-19 impact: Demand for work under MGNREGA saw 21% jump last month

Data sourced from the MGNREGA website till June 1, shows that in June, around 43.7 million households sought work under the scheme that was the highest in last seven years

No cash benefits for ESIC subscribers without bank account details

The corporation will further encourage employers to update mobile numbers and bank account details of existing subscribers via an online portal

The impact of a surge in diesel prices on the fuel's usage in some sectors

Even if we take the increase in prices in Delhi from June 7 till now, a hike of Rs 11.14 will increase the cost for the transport sector by Rs 2,665 cr, for farm sector by Rs 1,053 cr and for private

Pradhan says pipeline tariff rationalisation, gas pricing freedom on anvil

The present zonal tariff structure, he said, results in additive tariffs for usage of multiple pipelines to transport natural gas from distant gas supply sources

Railways starts process to let private players operate passenger trains

This is the first initiative for private investment for running passenger trains on the Indian Railways network

Govt ready to implement cashless treatment scheme for road accident victims

The scheme assumes significance as India accounts for about 500,000 road accidents per annum, one of the highest globally, in which about 150,000 people are killed and about 300,000 are crippled

How Railtel used the Covid-19 lockdown to boost Railways digital drive

While the initiative of e-office got a push in the last three months, the usage of the commercial bandwidth of Railtel increased 1.5 times and retail bandwidth by 2.25 times during the same period

Government assures measures to reduce logistics cost for steel players

The government on Wednesday assured steel makers that it will take appropriate measures to reduce the logistics cost of products that currently reaches as high as 28 per cent.

Resolve risky exporters' issue immediately, release refunds: FIEO

Exporters' body FIEO on Wednesday demanded fast resolution of issues related to 'risky exporters' and immediate release of their refunds to help them tide over the problems arising due to pandemic.

Delay in clearing 500 containers hits textile industry in Tamil Nadu

The consignments, which have mainly come from China, have not been cleared for the past 10 days even after customs duty has been paid in certain cases

Traders' body CAIT suggests measures to broaden GST to simplify taxation

Traders' body CAIT on Wednesday suggested a host of measures, like technical audits and waiver of late fees, to broaden the GST base and make the taxation system simple.

UP govt to roll out red carpet for Microsoft to set up tech hub in Gr Noida

A virtual agreement by Microsoft India MD Rajiv Kumar was concluded during a discussion with Singh on Monday and it will soon be followed by a site visit by the global software major.

India's unemployment rate fell to 11% in June from 23.5% in May: CMIE

The fall in jobless rate came as economic activities resumed after government eased pandemic lockdown restrictions

Majority of hotel operators expect up to 2 years for revenue recovery: JLL

According to the survey, only 20 per cent of the operators believe that their hotels could bounce back to 2019 RevPAR levels within 6 to 12 months