Page 1802 - Economy & Policy News

Worst year for aviation, global airlines to lose $84 bn in 2020: IATA

A sharp fall in demand and revenue has forced airlines to slash costs and governments are stepping in to infuse funds and keep airlines afloat

MNREGA jobs are short-term, only lasting solution is projects: L&T chief

In a Q&A, S N Subrahmanyan, MD and CEO of the engineering group says he expects govt and public sector capex to be lower by Rs 3-4 trillion this year

FM Nirmala Sitharaman tells banks to improve interest rate transmission

The FM told bankers that interest rate transmission is not happening as expected

BharatNet phase-II process starts; govt to finalise PPP model soon

The proposal, which is at an advanced stage, may go to cabinet; it will empower states to take their own decision on private participation

Slowdown blues: Post-lockdown, consumer confidence remains low

A grim economic outlook amid an ever-growing spread of the Covid-19 pandemic has turned consumers jittery

6 PSUs now 'fallen angels' after India's sovereign rating cut: Moody's

These six include Indian Oil Corporation, Hindustan Petroleum Corporation, Oil India, Petronet LNG, Bharat Petroleum Corporation and Oil and Natural Gas Corporation, the ratings agency said

Demand v reality: A sorry state of affairs under MGNREGA in a Covid-19 year

Instead of the promised 100 days of work, average work provided stood just shy of one-fifth of it in this financial year till June 9

Irdai withdraws long-term package covers in motor sector over affordability

Regulator also says insurers are facing issues in offering the product

Covid-19: Govt extends validity of motor vehicle documents till Sept 30

Earlier, the Centre through an advisory on March 30 announced the extension of the validity of fitness, permit (all types), driving license, registration, or any other concerned document till June 30

Dues of Central, state govts much higher than official estimates: MSMEs

Claim outstanding amount at Rs 2-3 trillion; SAMADHAN hasn't helped much

Steel demand to nosedive 60-65% in Q1, recovery unlikely before Q3

Companies to either delay or shelve Capex plans

FM holds review meeting on Rs 3 trillion credit guarantee scheme for MSMEs

The scheme is the biggest fiscal component of the Rs 20-million Self-Reliant India Mission package announced by Sitharaman last month

Consumer rights body urges govt to revise air ticket refund rules

Mumbai Grahak Panchayat writes to civil aviation minister today following UNCTAD advisory to member states on the issue

Pesticides makers threatens to move to court over ban on 27 products

They claim the govt acted at the behest of foreign NGOs in imposing the ban

PMFAI opposes govt idea to ban 27 pesticides fearing biz loss of Rs 6K cr

The total market size of Indian pesticides industry is around Rs 40,000 crore, of which around Rs 18,000 crore is domestic sales

Chhattisgarh pushes for easing terms attached to hike in state borrowings

Says Centre's economic package is not enough, and states are also finding it diffcult to raise additional resources given the stringent conditions

Battery maker Amara Raja to go ahead with Rs 350 crore capex on production

Company says it saw demand picking up in May and has managed coronavirus crisis well.

Shramik Express demand down to 30 trains a day versus 255 in May

On the other hand, the much-hyped special trains - including 15 pairs of Rajdhanis and 100 pairs of mail and express trains - are running on low occupancy of 62 per cent and 67 per cent, respectively.

Will consider corporation tax rate benefit extension: FM Sitharaman

Says GST rate reduction to go to Council; Council is likely to meet on Friday through video conferencing.

IBC suspension will fuel innovative options outside the Code: IBBI's Sahoo

In a Q&A, the chairman of the Insolvency and Bankruptcy Board of India says IBC should not be used to snuff out firms prematurely