Page 1804 - Economy & Policy News

Top biz headlines: Corona warriors for markets, Jet gets 7 new EoIs, & more

Here are the top 10 headlines on Friday morning

Exports likely to improve in May, contraction expected to be 30-35%: Goyal

Addressing the Digital Summit on Exports organised by the Confederation of Indian Industry (CII), Goyal said he expects the fall in exports to narrow to 8-10 per cent in June.

FM Sitharaman launches scheme for instant allotment of online PAN

In a statement, the Central Board of Direct Taxes (CBDT) said Finance Minister Nirmala Sitharaman on Thursday formally launched the facility.

Fourth tweak in social security Bill likely to cover more workers

The current social security laws in India exclude about 90 per cent of the workforce - mainly in the unorganised sector.

India allows export of paracetamol API amid coronavirus outbreak

The Indian government in March put a hold on exports of several drugs including paracetamol to secure supplies for its people after COVID-19 outbreak disrupted the industry's supply chain globally.

Lockdown 4.0: Over 95% flight bookings for one-way trips, shows data

Domestic flight operations resumed on May 25 after a two-month suspension, allowing stranded people to return home.

Locusts reach Gondia in Maharashtra, Delhi mulls plastic cover for saplings

In Rajasthan, which has been worst hit, officials say 90,000 hectares in 20 districts have been affected; standing crop in 4,000 hectares in Sri Ganganagar, 100 hectares in Nagaur has been destroyed

Govt mulling more policy action for NBFCs, regulatory changes for markets

This comes after Finance Minister Nirmala Sitharaman interacted with country's top regulators at FSDX meeting on Thursday

Collapse of commercial papers volume puts debt schemes at risk: Ind-Ra

Generally, the daily volume is Rs 10-15,000 crore in CPs in the secondary market

Lockdown will bring more focus on hydropower, fuel our expansion: NHPC CMD

NHPC has five hydropower projects with an installed capacity of 4924 MW under construction

Govt notifies revised Form 26AS, to have purchase info of shares, property

Easing taxpayer compliance, the annual information statement has been subsumed in the Form 26AS

CBDT notifies revised Form 26AS, to include details of property, share deal

To implement this, the Budget 2020-21 had introduced a new Section 285BB in the Income Tax Act

Inbound FDI rose 14% in FY20 to $49.9 billion; service sector top recipient

Singapore continued to be largest source of FDI for India for second consecutive year

Make state-specific plans for resolving power sector issues: PM to PowerMin

Asked ministries of power and new & renewabl energy to ensure discoms publish their performance parameters periodically, so people know how their discoms fare in comparison to peers

Lockdown 4.0: Not looking for dole, need better policies, say Meerut MSMEs

The fourth of a five-part series looks at the situation in the industrial heartland of Western UP where firms prefer GST refunds, supportive policies over handouts

As Chinese furniture exports hit a wall, Indian makers sense an opportunity

Domestic players eager to compete but seek friendlier policy

71% think govt's stimulus package will lead to economic recovery: Study

Even though a majority support the economic package, fewer than half see it benefitting them personally

Covid-19 : HP sees spike in demand for PCs with work from home, e-classes

Reported declining revenue on supply-chain disruption

India's cement production to fall 25-30% in FY21 as Covid-19 saps demand

This is billed as the steepest fall for the industry in any year. Capacity utilisation in FY21 is seen at 40-45 per cent

Adityanath makes Swadeshi pitch for industrial growth, jobs for migrants

UP to sign MoU with industry chambers tomorrow for job creation