Page 1805 - Economy & Policy News

Indian economy to contract by 3.2% this fiscal due to Covid-19: World Bank

In its latest edition of the Global Economic Prospect, the World Bank downgraded its projection of India by a massive negative nine per cent

Global economy to plunge into worst recession since WW-II: World Bank

The Covid-19 recession is the first since 1870 to be triggered solely by a pandemic, World Bank President David Malpass said

Realtors bank on e-launches to generate sales amid coronavirus crisis

Puravankara, Oberoi, Shriram trying e-launches to fulfil pent-up demand

Centre's power and agri reforms run into opposition from Congress CMs

Punjab and Chhattisgarh CMs plan to enlist the support of other opposition CMs on the two issues

Private banks not implementing Rs 3 trn loan MSME scheme: RSS body to FM

Sitharaman had called Laghu Udyog Bharti general secretary Govind Lele to seek feedback on the implementation of Rs 3-trillion Emergency Credit Line Guarantee Scheme

Service robots may increase efficiency of Covid-19 impacted hotels: Report

The researchers noted that their project completed in March 2020 just as Covid-19 broke out and as the virus rendered non-essential travel impossible

BS READS: Inside story of Plane X, India's dead civilian aircraft project

An ambitious Rs 7,555-crore project to develop an indigenous civilian aircraft failed because of scared investors, bureaucratic hurdles and dithering governments

BS READS: Plane X, the first desi civilian aircraft India could never build

The idea was to build 70- and 90-seater versions of an indigenous civilian aircraft that would be sold not just in India but across the world

We paused to save lives, now we need to save livelihoods: Sajjan Jindal

The government has announced a phased exit from the over-two-months-long nationwide lockdown

Aviation sector will not see a substantial recovery before 2023: Moody's

Many airlines have improved liquidity but at the cost of rising debt burdens

Monetising fiscal deficit via secondary OMOs right way: Uday Kotak

If we keep subsidising or protecting businesses that are not able to compete, we have an issue. I would expect the market to be able to sort things out, says Uday Kotak

CBIC to roll out pan-India faceless assessment by Dec 31, trial underway

The first phase would begin from June 8, 2020, at Bengaluru and Chennai, for items of imports primarily covered by Chapter 84, 85 of the Customs Tariff Act, 1975

Petrol, diesel price hiked by 60 paisa per litre for second straight day

Petrol price in Delhi hiked to Rs 72.46 per litre from Rs 71.86 on Sunday, while diesel rates increased to Rs 70.59 a litre from Rs 69.99

Banking to be a 'strategic sector', govt discussing privatising some PSBs

According to the new privatisation policy, announced by FM Sitharaman as part of the 'Atmanirbhar Bharat' package, the government will come up with a list of strategic sectors

Q4 corporate earnings disappoint amid lockdown, point to worse quarters

Combined revenues of 410 firms declined 6%, while profit before tax fell 35%

UP govt may privatise Purvanchal discom to cut losses, improve supply infra

The firm covers Varanasi and Gorakhpur; initial discussions commence

Statsguru: FDI inflows revive in FY20, but face Covid-19 test in FY21

Not only the FDI at $49.9 billion was record high witnessed by India so far, it also recorded growth after 1% fall in the previous year

Varying beneficial ownership caps muddy waters for FDI investments

Ambiguity on whether investment falls under automatic route or requires govt approval

Covid-19 crisis: Unlock 1.0 to revive fuel sales soon, says Indian Oil

Fuel sales had dropped in April after Prime Minister Narendra Modi announced a nationwide lockdown to control the spread of Covid-19 infections

Demand set to reach pre-Covid levels by Q3 or Q4 in some sectors

In others, it's too early to predict; while in some, once pent-up demand has been satisfied, it could fall again