Page 1807 - Economy & Policy News

Supply chain blocks, lack of labour push MSMEs in Chennai to the brink

The second of a five-part series focuses on how the lockdown has compounded the woes of already-struggling firms

Sebi imposes a penalty of Rs 7,00,000 on NHAI for disclosure lapses

During its investigation, Sebi found that NHAI delayed filing of its half-yearly financial results by 4 days to 78 days between 2015-16 to 2018-19.

Charter aircraft firms may see uptick in biz in next three months

Non-scheduled domestic operations, which include private and charter flights, began on Monday.

Streamline logistics of perishables further to boost farmers' returns: CII

Access to credit remains a challenge for food processors while tractor makers face liquidity crunch

SC asks govt, RBI to respond to plea on interest on loan during moratorium

Interest shall continue to accrue on the outstanding portion of the term loans during the moratorium period, the RBI had said.

Fitch forecasts 5% contraction of Indian economy over slump, lockdown

Fitch said it has made further cuts to world GDP forecasts in its latest Global Economic Outlook (GEO) for May, but the slump in global economic activity is close to reaching its trough

States' fiscal deficit to rise to 4.5% of GSDP in FY21: Ind-Ra

The 20 states considered in the analysis constituted nearly 86 per cent of the budgeted aggregate revenue receipts for FY20.

It may soon be light at the end of the tunnel for Zojila project

Govt prepares for 6th bidding, considers starting it as an unidirectional tunnel

Govt to raise Rs 80,000 cr via cash mgt bills to meet liquidity mismatch

Issuance of CMB may mean liquidity available with govt won't be enough, especially after stimulus packages, and in the face of a falling revenue collection due to the nationwide slowdown

FY21 GDP to contract 5%; pre-virus level unlikely in next 3 fiscals: Crisil

Extension in lockdown, higher economic costs and an economic package that lacked muscle are the three key reasons why Crisil has downgraded the GDP forecast now

A deep dive into the initiatives that went into making of Aarogya Setu app

In principle, creating the app was not a difficult exercise. The real challenge lay in the scale

Indian gaming biz growing at 41%, to be valued at $3.75 bn by 2024: Report

The industry has attracted $350 mn in investments from venture capital firms from 2014-2020

Kolkata Port Trust registers 13 Covid-19 cases, including three staffers

Port has been holding video conferences with unions, discussing steps taken to contain Covid-19

States' GST compensation requirement to swell to Rs 4.1 trn in FY21

This is equivalent to 2.1 per cent of the country's estimated GDP

Tourism ministry extends validity of approval for hotels till June end

Due to the postponement of inspection work and application scrutiny during the lockdown period, it has decided to allow six months' relaxation or extension to all categories of tour operators

Amid heavy production loss, rains to add to tea companies' woes

Tea estates in Assam and West Bengal, after closure for three weeks during lockdown, resumed operations from April, 12, 2020 with partial manpower utilisation

States' aggregate fiscal deficit to rise to 4.5% of GSDP in FY21: Ind-Ra

The agency's earlier forecast was 3%; it says state governments were already facing a lower-than-budgeted share in central taxes and subdued own revenue growth, when the 21-day lockdown was imposed

'Treat with urgency': SC tells govt about pleas against compulsory wages

Home ministry has repealed order asking companies to pay wages during lockdown, but court says matter is larger and 'lot of people are affected'.

Rs 90K cr package to provide only temporary relief to discoms: Ind-Ra

Finance Nirmala Sitharaman earlier this month announced Rs 90,000 crore liquidity infusion for discoms, saying that they owe Rs 94,000 crore to power generation companies

Over 500 flights take off, but states create plane confusion at airports

Maharashtra clears air, says short-term visitors exempt from isolation