Page 1793 - Economy & Policy News

Power generation falls 15% even after easing of coronavirus lockdown norms

Data from Power System Operation Corporation Ltd (POSOCO) shows that coal-fired power generation alone dropped by a steeper 24 per cent

Indian house prices to drop 5% in 2020 for first time in a decade: Poll

The Indian property market was being hobbled by a cash crunch even before the coronavirus outbreak, which has already infected more than 350,000 in the world's second most populous country

Textile demand may decline 25-35% in FY21 due to slowdown: Report

The demand of yarn, fabric and apparels is set to remain muted throughout first half of the financial year 2020-21

In 13 hikes, petrol price raised by Rs 7.11 per litre and diesel by Rs 7.67

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT

Waiting for a fair deal proposal to restore India's GSP status: US official

The top trade official from the Trump Administration says the US is currently in a big trade negotiations with India

Tariffs, trade barriers: How India plans to protect domestic biz from China

Bilateral trade between China and India was worth $88 billion in the fiscal year ending March 2019, with a trade deficit of $53.5 billion in China's favour, the widest India has with any country

Govt to provide jobs to 6.7 mn migrant workers by pooling official projects

Will frontload expenditure of Rs 50,000 crore in next 125 days towards 25 areas of work in 116 districts spread across six states

Tyre industry calls for curbs as imports remain buoyant despite lockdown

In the first 11 months of FY20, a year that saw economic slowdown in India and reduced demand, tyres worth $385 million still made their way to the country

Ladakh stand-off: Railways cancels Chinese contract for dedicated corridor

Govt has already approached the funding agency, World Bank, seeking termination of contract citing poor progress

India's Covid-19 pandemic fiscal cost lowest among major nations: Report

Business Standard's own calculations suggest that the Centre's fiscal impact amounts to around Rs 2.28 trillion, or around 1.2 per cent of GDP.

Goods bought, sold overseas by domestic firms liable to GST in India: AAR

Vendor would issue invoice on applicant against which payment would be made in foreign currency and applicant would raise invoice on customer and would receive consideration in foreign currency.

Regulators, top govt officials meet to pull economy out of crisis

They also deliberated upon the status and developments under the IBC, and the working of credit rating agencies, the RBI said in a statement.

Motor segment drives the fall in premiums for non-life insurers

Retail health has shown a growth of 25% due to covid

Electricity demand peaks in Punjab ahead of the sowing season: Report

In Haryana, demand has reached 8.5 Gw versus 9.4 Gw last year

Covid-19 crisis: Lockdown knocks power use down 20-40% in some cities

As the country unlocks, some distribution companies see a return of demand

India's slow climb to $500-billion foreign exchange reserves fortune

The country was forced to sell its gold in early 1991 to raise emergency funding from the IMF

Amrapali: SC directs JP Morgan to transfer over Rs 140 cr to escrow account

The UCO bank, which has shown its inclination to provide loan had earlier told the court through court receiver that it can provide fund to tune of Rs 2000 crores

India lifts restrictions on HCQ exports as country is well stocked

Exports were happening on humanitarian grounds but with necessary permission

Gujarat working on single licence for trading of farm produce across APMCs

Another proposal is to levy a small cess on trades outside APMC or market yard but within the state. The cess may be a quarter of that currently levied when trades are done inside APMC

Auction for commercial coal mining begins with investor-friendly rules

There is effectively no strict eligibility criterion for participating in the auction. The companies/joint ventures should be registered in India.