Page 1806 - Economy & Policy News

Indian economy may expand by around 5% in FY22: Ex-RBI governor Subbarao

According to Subbarao, the country is going to face its worst recession in the current financial year

1 in 10 Indian jobseekers lost job, most think layoff imminent: Survey

Jobseekers from the IT, pharma, medical or healthcare and BFSI industries were less impacted by layoffs and salary cuts as compared to their counterparts from other industries.

UP to bring industry chambers on board for providing jobs to migrants

So far, the state has evacuated more than 2.5 mn stranded workers

Covid-19 pandemic to accelerate digital adoption in India: Morgan Stanley

Morgan Stanley said Covid-19 has relieved some apprehension relating to digital transactions

UP eyeing post-covid investment from US, Japan, Korea: Industry minister

Admits labour migration posing a challenge to industrial revival; no special approval needed to start operations for new MSME units for next 3 years

Govt may launch coal blocks auction under commercial mining on Jun 11

The government last week approved a methodology for commercial mining of coal on revenue sharing basis

Decoding the Atmanirbhar Bharat package and its various components

While the govt has denied that the policy is isolationist and says it will make India part of the global supply chain, import substitution seems to be a part of the package

Despite the recent plunge, India's farm export story may not be so gloomy

Experts say with several countries averse to Chinese products, India's farm exports have an opportunity to capture such markets; buffalo meat, rice are among the products with promise

Over a third of Indian women don't own gold but want to buy it: WGC survey

60% of Indian women already own gold jewellery, the most popular item among 'fashion and lifestyle' shoppers after designer clothes and silk sarees.

UP restarts road, bridge projects totalling Rs 31,000 cr as lockdown eases

The state has expedited infra projects to boost economy, create jobs in hinterland

Global energy investment may see a record fall in 2020 over Covid-19: IEA

Governments are easing restrictions put in place to curb the spread of the virus after the confinement of around 3 billion people brought the global economy to a near standstill

Sooner than later, govt will accept our suggestions on economy: Chidambaram

A stubborn government has no choice and must listen to experience and wise counsel, says Chidambaram

JP Morgan chief economist forecasts 'strong rebound' in Indian markets

The economic wounds will be "deeper than anything we've seen since World War Two", says chief economist at JP Morgan

More liquidity needed, states should come forward with Rs 20 trn: Gadkari

Efforts are on to develop vaccine for the coronavirus, Gadkari said, adding "we will have to learn the art of living with coronavirus"

Top 10 biz headlines: Recession, Nasdaq listing for Jio Platforms, and more

Here are the top 10 business headlines on Wednesday morning

FSDC meet on Thursday to discuss impact of coronavirus on economy

This will be the first meeting of the FSDC, which comprises RBI Governor and other financial sector regulators, after the outbreak of the coronavirus.

CRISIL to CARE, agencies peg India's economic growth at 4-4.7% in FY20

The first Advance Estimates, released in January for the purpose of Budget preparations, pegged the economic growth rate at 5 per cent in 2019-20.

Cement firms hike prices even as expansion plans come to a grinding halt

Two of the top three cement producers - UltraTech Cement and Shree Cement - have so far indicated they will go slow on certain expansions

Doing away with labour laws is not feasible: Santosh Kumar Gangwar

Labour and Employment Minister Santosh Kumar Gangwar tells Somesh Jha that most workers have returned home and they will join back the workforce after monsoon.

Hurdles in land acquisition process? NHAI to scrap part of contract

NHAI Chairman Sukhbir Singh Sandhu said the matter of land acquisition should not be left pending as it leads to litigation cases in the future.