Page 1800 - Economy & Policy News

India's handset industry can reach $100 billion in exports by 2025: ICEA-EY

Nearly 198 countries import mobile phones, and till recently, only two countries -- China and Vietnam -- were among the exporters.

Digital booking, fitness certificate a new norm as travel bodies issue SOPs

No clarity yet on when countries will open borders for Indian tourists. On the domestic side, most of travel happening now is of essential and emergency nature

SC questions DoT's AGR demand on PSUs, says it is 'totally impermissible'

A Bench of Justices Arun Mishra, S Abdul Nazeer and M R Shah raised questions on the demand raised by the government from PSUs and said its verdict in the case had been misinterpreted

PSBs disburse Rs 12,201 cr loan to MSMEs under emergency credit line scheme

Public Sector Banks (PSBs) have sanctioned loans worth Rs 24,260.65 crore under the 100 per cent ECLGS for the Micro, Small & Medium Enterprises (MSME) sector starting June 1

Covid-19: India lifts export ban on Trump-touted drug hydroxychloroquine

India had eased some of these restrictions in April and shipped 50 million tablets of the drug to the United States that month, Reuters reported

22% workers lost jobs due to Covid-19 lockdown in northern states: Survey

Based on analysis of data from 510 responses, the study revealed a devastating impact of lockdown 1.0 on employment scenario in the surveyed states

India's monthly fuel demand jumps 47.4% in May as Covid-19 lockdown eases

Fuel consumption, a proxy for oil demand in Asia's third biggest economy, totalled 14.65 million tonnes in May, 47.4% higher than in April but still 23.3% lower than a year earlier

Coronavirus turning point for self-reliant India, says PM Modi

It's time for bold decisions and investments, he says in a speech to Indian Chamber of Commerce

90% of city-specific clean air plans in India lack budget outlines: Study

The study also found that apart from Delhi's clean air plan, other city-specific clean air plans also do not have a legal mandate for implementation

Govt restricts export of diagnostic kits, apparatus, laboratory reagents

India on Wednesday reported a spike of 9,985 more COVID-19 cases in the last 24 hours, taking the country's COVID-19 count to 2,76,583, according to the Union Ministry of Health and Family Welfare

Indian economy to bounce back with growth of 9.5% in next fiscal: Fitch

Listing positives for India, Fitch Ratings said there was greater confidence in a sustained reduction in general government debt over the medium term to a level closer to the 'BBB' peer median

S&P doesn't do a Moody's: Retains India's sovereign rating and outlook

Now all three rating agencies, Moody's, Fitch and S&P have the lowest investment grade rating for India

Household savings may rise in Q1, then moderate, say RBI officials

May moderate in subsequent quarters, they say

CBIC settles controversy over imposition of GST on directors' income

These remunerations would be treated as fees for professional or technical services

Govt considers infrastructure push, direct cash transfers to boost demand

There are also discussions on increasing the scope and quantum of direct cash transfers to the beneficiaries who need it the most

Govt infuses Rs 5,298 cr into IIFCL to boost infrastructure spending

This infusion has increased the paid-up equity share capital of IIFCL to Rs 9,999.92 crore against the authorized share capital of Rs 10,000 crore.

States fear losing revenue once agriculture market reforms kick in

The first of a two-part series looks at why states such as Punjab, which depend on taxes levied on mandi transactions, are disgruntled

Indian Oil cranks up refinery runs to over 80% as demand doubles in May

Firm says consumption of all petroleum products put together almost doubled in May over April levels

79% Indians feel Covid-19 cases will rise in next few months: Survey

Survey also shows a sizable portion of e-commerce customers are yet to place their orders

Covid-19 crisis: Test for steel industry as domestic demand shrinks

Shrinking domestic demand offers the industry the chance to become globally competitive