Page 1800 - Economy & Policy News

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

Indian steel firms race to plug demand gap in China amid Covid-19 crisis

Though the exact figure for semi-finished exports to China is not known, steel producers say a bulk would have gone to China.

Govt extends validity of e-way CGST bills till June-end amid Covid outbreak

CBIC had in April extended the validity of e-way bills generated on or before March 24 and having expiry between March 20 and April 15 till April 30

Frame policy for employment of migrants in home states, suggests SBI report

The CDRs could give a clear idea of out-migration intensity into districts in states that exhibit a high level of migrant labour movements, the report said

HDFC to host month-long online property show featuring 150 projects

More than 75 developers from NCR to showcase theire projects starting Wednesday; Mumbai next on cards

Govt starts skill mapping to help workers get opportunities closer home

The skill mapping exercise shall become the basis of the Centre's intervention in districts through training and recognition of prior learning in order to re-skill and up-skill workers

S&P retains India's sovereign rating at 'BBB-'; keeps outlook stable

S&P has forecast India's economy to shrink by 5 per cent this fiscal

Covid-19 impact: Bharatmala may be delayed by four years, says ICRA

Depending on how quickly normalcy is restored, these plans could take off by end of FY2021. Therefore, 2020 is likely to be another year of muted awards

Finance Ministry releases Rs 6,195 cr revenue deficit grant to 14 states

The grant released includes Rs 1,276.91 crore to Kerala, Rs 638 crore to Punjab, and Rs 417.75 crore to West Bengal

GDP: The devil is in the revisions

Six iterations of annual data over a three-year period raise serious questions about the reliability of national income data as a basis for sound policymaking

India Inc woos labourers with healthcare, hostels to get them back at work

Companies to offer better hostel, health, insurance facilities for migrant workers

UP extends deadline for deal with Swiss Co to develop Noida Int'l airport

The decision was taken due to lockdown-induced suspension of international flights

Conflicting rulings at state level fuel call for setting up centralised AAR

Centralised AAR was, in fact, already approved by GST Council and Cabinet over a year ago