Page 1794 - Economy & Policy News

Here are the rating agencies' forecasts on India in the last 2 months

Amid the coronavirus pandemic, the pace of credit rating downgrades has accelerated with average monthly downgrades increasing by 22 per cent in the past few months, ICRA said in a report

Finance Ministry seeks expenditure proposals for supplementary demands

Earlier this month, the Finance Ministry asked all ministries and departments not to initiate any new scheme in the current financial year

Top headlines: Fitch revises India's rating, employment for migrant workers

From AGR dues to employment for migrant workers, Business Standard brings to you the top headlines of the day

25 govt schemes to be pooled together to give jobs to migrant workers: FM

The Garib Kalyan Rozgar Abhiyan will be launched by the prime minister from Khagaria in Bihar, said the finance minister

Auto sector woes may intensify under stringent lockdown in Tamil Nadu

Companies start booking accommodation in hotels, college hostels and wedding halls near the factory for their workers and vendors, in order to keep the show going

Railways cancels Rs 471 cr contract with Chinese firm over 'poor progress'

They were supposed to complete the work by 2019, but only 20 per cent of the work has been completed so far

Chhattisgarh sets food grain production target at 9.5 mn tonnes for 2020-21

This is 3% above the output achieved in the previous crop season

Coronavirus-hit Indian economy to contract by 4% in FY21: ADB forecast

For the countries in developing Asia, ADB forecasts growth of 0.1 per cent for the region in 2020

Marred by Covid-19, global FDI flows likely to plunge 40% in 2020: UNCTAD

The pandemic is a supply, demand and policy shock for FDI. The lockdown measures are slowing down existing investment projects

India will reduce imports, turn Covid-19 crisis into opportunity: PM Modi

The Prime Minister also highlighted that India does not export coal but is the world's second-largest coal-importer

PM to launch 'Garib Kalyan Rojgar Abhiyaan' to boost livelihood of workers

The programme will be launched from village Telihar, Block Beldaur of Khagaria district of Bihar

Developing Asia to 'barely grow' in 2020; India's GDP to shrink by 4%: ADB

Hit hard by Covid-19, South Asia is forecast to contract by 3 per cent in 2020, compared to 4.1 per cent growth predicted in April

Fitch revises India's rating: A third view which is different yet again?

Fitch has used the pandemic impact to comment on lower growth for India, which can be -5 per cent this year due to the lockdown and its effects

From thermal to solar units, China dominates India's power sector

Barring a few, all privately-owned thermal power units, roughly about 40,000 Mw, constructed over the past decade were built using Chinese equipment.

Fitch revises India's sovereign rating outlook to negative from stable

Retains ratings at lowest investment grade

Fitch revises India outlook to negative from stable; affirms IDR at 'BBB-'

Fitch expects economic activity to contract by 5% in the fiscal year ending March 2021 (FY21) from the strict lockdown measures imposed since 25 March 2020, before rebounding by 9.5% in FY22

With 12 hikes, petrol price goes up by Rs 6.55 per litre, diesel up Rs 7.04

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

'Atmanirbharata' in coal sector: PM to address mining auction launch event

President, FICCI, Dr Sangeetha Reddy, Chairman Vedanta Group Anil Agarwal and Tata Sons Chairman N Chandrasekharan will also speak during the event

MHA holds crucial meet to discuss infra developments near Indo-China border

A meeting was held on Wednesday and another meeting is scheduled on Thursday where various infrastructure-related issues will be discussed

Electronics to urea: China is everywhere in India's consumer industries

Import of mobile phone components during April-February FY20, according to government figures, hit $7.5 billion - of which 25 per cent was from the land of the dragon.