Page 1798 - Economy & Policy News

PSBs disburse Rs 14,691 cr to MSMEs under credit guarantee scheme

Public sector banks (PSBs) have sanctioned loans worth Rs 29,490.81 crore under the 100 per cent ECLGS for the Micro, Small & Medium Enterprises (MSME) sector starting June 1

Slow rate cut transmission hurting returns on HAM projects: India Ratings

The RBI has slashed repo rates by almost 200 basis points since June 2019 from 6.25 per cent to 4.25 per cent to ensure availability of cheaper credit

Govt releases truncated CPI data; food inflation rises to 9.28% in May

The government for the second month in a row released the truncated data on retail inflation in the backdrop of the lockdown following Covid-19 pandemic

As Covid-19 cases surge, traders weigh pros & cons of staying open for biz

As Punjab marks return to lockdown, Delhi could follow after traders say they don't want to keep markets open; Maha CM dispels speculation on another lockdown

Industrial commodities recover from recent lows as lockdown eases

Prices surge 3.5-12% from recent lows about a month ago with silver futures topping recovery chart among metals; crude futures for near-month delivery surged by as much as 41.7%

GST Council updates: No fees for GSTR-3B for those with nil liabilities

Members of the GST Council discussed issues over videoconferencing in their first meeting since the coronavirus lockdown was imposed

GST Council reduces late fee on GSTR-3B filings for those with liability

For entities with tax liability but which have not filed returns or have filed returns late, the late fee has been capped at Rs 500 without interest

India's growth potential at 6.5-7% but reforms critical for recovery: S&P

The rating agency has forecast a 5% contraction in the fiscal year starting April, and the growth to recover to 8.5% next fiscal

Post lockdown, UP green panel shuts 50% capacity of Kanpur tanneries

Issues monthly roster for tanneries to operate for 15 days each by rotation

Sovereign rating downgrade poses risk for India's green energy investors

Earlier this month, Moody's cut the country's sovereign credit rating by a notch to the lowest investment grade with negative outlook

Covid-19 may push millions of children into child labour: UN report

The report titled 'COVID-19 and Child labour: A Time of Crisis, A Time to Act' says child labour decreased by 94 million since 2000, but that gain is now at risk

15-yr period to pay AGR dues important for Voda Idea's survival: Analysts

The financially distressed Vodafone Idea has paid Rs 6,854 crore of its dues, of the Rs 58,254 crore-demand raised by the DoT. The company's own assessment, however, pegs the dues at Rs 21,533 crore

First InvIT by govt entity set for launch; NHAI files application with Sebi

Senior officials told Business Standard the projects being offered under InvIT would mainly be ones constructed on government-funded or in engineering-procurement-construction mode

Railways runs Double Stack Container Train in electric zone, creates record

This achievement is a first of its kind in the entire world and will also boost the ambitious mission of Green India as a latest green initiative over Indian Railways

Study says global poverty may surge to over 1 billion, warns Asian nations

The research by King's College London and the Australian National University points to poverty increasing dramatically in middle-income developing countries, where millions of people live just above t

NSDC prepares a platform to ensure speedy skilling of migrant returnees

A list of 116 most-affected districts has been prepared, where states are struggling to rehabilitate livelihoods.

India Inc waits for dust to settle before firming up farm strategies

The final of a two-part series looks at why investment is unlikely to be forthcoming until industry sees the new ground reality

Govt to convert Rs 27,000 cr of short term bonds into longer tenure

In May, RBI tried to switch Rs 30,000 crore worth of securities into longer tenure one, but could manage to do less than a third of that

Irdai issues guidelines for standardisation of indemnity health products

Policyholders can cancel their policies at any time by giving a 15 days' notice to the insurer and the company has to refund premium for the unexpired policy period

Average monthly rating downgrades rise 22% amid Covid-19 pandemic: ICRA

The rating agency said that from its rated portfolio, while the number of downgrades has increased, upgrades have nearly dried up