Page 1788 - Economy & Policy News
Govt has unlocked Covid-19 pandemic, petrol-diesel prices: Rahul Gandhi
Fuel prices were hiked for the 18th day in a row on Wednesday
 "Govt has unlocked Covid-19 pandemic, petrol-diesel prices: Rahul Gandhi")
Faster recovery in rural areas, cheaper oil augur well for paint firms
Shares of Asian Paints, Berger Paints, and Kansai Nerolac gained between 3.7 and 7 per cent, even as the Sensex fell 1.5 per cent on Wednesday
 "Faster recovery in rural areas, cheaper oil augur well for paint firms")
Foodgrain stocks top 100 million tonnes, triggering calls for liquidation
The massive build-up could also pose a grave storage challenge as the monsoon keeps advancing.
 "Foodgrain stocks top 100 million tonnes, triggering calls for liquidation")
Covid-19 impact: ITR filing deadline for FY19 extended till July 31
The date for linking PAN with Aadhaar has also been extended further till March 31, 2021
 "Covid-19 impact: ITR filing deadline for FY19 extended till July 31")
Govt approves Rs 15K-cr animal husbandry infra fund to generate employment
The fund is part of the Rs 20 trillion stimulus package announced in May to help people affected by the lockdown to prevent the spread of Covid-19
 "Govt approves Rs 15K-cr animal husbandry infra fund to generate employment")
Govt approves 2% interest subvention scheme for small Mudra borrowers
Benefit will be applicable for 12 months to all loan accounts under 'Sishu' category of Mudra scheme, provided they have not been classified as NPA as of March 31, 2020
 "Govt approves 2% interest subvention scheme for small Mudra borrowers")
DoT sets stage for spectrum auctions this year; MSTC selected as auctioneer
Given the high possibility of operators shying away from participation, the DoT is yet to decide on including the premium 5G spectrum in the tender.
 "DoT sets stage for spectrum auctions this year; MSTC selected as auctioneer")
Covid-19 impact: IMF projects Indian economy to contract by 4.5% in FY21
In comparison, emerging markets and developing countries group saw a 2 percentage reduction in outlook while the world outlook was only cut by 1.9 percentage points
 "Covid-19 impact: IMF projects Indian economy to contract by 4.5% in FY21")
FT MF to appeal to Karnataka HC to allow payouts from cash-positive schemes
Fund house informs investor that two schemes under winding-up have cash surplus after repaying bank borrowings
 "FT MF to appeal to Karnataka HC to allow payouts from cash-positive schemes")
COVID-19: Bring MNREGA-like scheme in urban areas to help unemployed, Gehlot tells Puri
Livelihoods of a large section of people in urban areas have been affected due to the pandemic, the Rajasthan CM said in a letter to Hardeep Singh Puri
 "COVID-19: Bring MNREGA-like scheme in urban areas to help unemployed, Gehlot tells Puri")
Power sector hopes for reforms at state level as Centre curbs imports
Given the federal structure in the power sector, most states float tenders different from the Centre and adopt separate selection criteria, mostly tilting towards low cost.
 "Power sector hopes for reforms at state level as Centre curbs imports")
Political leaders, people react to rising price of petrol, diesel across India
The retail prices of petrol and diesel has been raised on every single day for more than a fortnight now
E-commerce firms ready to comply on 'country of origin' after DPIIT meeting
The companies have been told to come back for the next meeting in about two weeks and provide suggestions and provide information about the challenges they may face to implement the said feature
 "E-commerce firms ready to comply on 'country of origin' after DPIIT meeting")
Draft e-commerce policy soon, to be stricter on data norms and discount
Pricing - a prime complaint of domestic retailers - is set to be the focus, with the government considering an annual review of discounts given by e-marketplaces.
 "Draft e-commerce policy soon, to be stricter on data norms and discount")
Cabinet approves participation of private sector in space activities
The newly-created Indian National Space Promotion and Authorisation Centre (IN-SPACe) will provide a level playing field for private companies
 "Cabinet approves participation of private sector in space activities")
Beyond Galwan fastness: Energy security in Indian Ocean may be a challenge
Chances are any such disruption will not occur on the major shipping lanes but on some edge of the ocean between India and China
 "Beyond Galwan fastness: Energy security in Indian Ocean may be a challenge")
ITR deadline for FY19 extended till July 31, PAN-Aadhaar till March 2021
The due date for filing ITR for FY2019-20 has already been extended till November 30, 2020
 "ITR deadline for FY19 extended till July 31, PAN-Aadhaar till March 2021")
Can MGNREGA, farming sustain recent bump in rural employment post-lockdown?
While rural India has shown a faster drop in unemployment rates than urban after the lockdown, experts say there is limit to which agriculture and MGNREGA can absorb labour
 "Can MGNREGA, farming sustain recent bump in rural employment post-lockdown?")
Chhattisgarh commissions its largest solid waste processing plant
Delhi MSW Solutions Ltd to expedite the project
 "Chhattisgarh commissions its largest solid waste processing plant")
Tenders for nine iron ore and manganese blocks in Odisha likely in July
Timing of auctions critical, premiums unlikely to match merchant mines
 "Tenders for nine iron ore and manganese blocks in Odisha likely in July")