Page 1808 - Economy & Policy News

Ration woes, expenses lay bare the migrant distress since lockdown

A silver lining, the survey noted, is that 75 per cent of the workers were not being threatened by their landlords of eviction

CEA Krishnamurthy Subramanian sees FY21 fiscal deficit at over 5%

No doubt that economy will contract in Q1, Krishnamurthy Subramanian says

SC mulls giving 15 days to Centre, states to transport all migrant workers

Solicitor General Tushar Mehta said state governments can tell as to how many more migrant workers need to be shifted and how many trains are required for that purpose

Covid-19: Nitin Gadkari exhorts steel players to eye bigger global share

He said by upgrading technology in the sector, India could also attract huge foreign direct investment, thereby creating employment

Govt promulgates ordinances on inter-state agri trade, contract farming

However, both of Ordinances give unbridled power to the lower bureaucracy in times of dispute between farmers and buyers that can be companies in case of the Contract agreement.

President approves ordinance to suspend IBC, offer 6-month relief to firms

Reprieve can be extended up to a year via govt notification; default committed before March 25 not to enjoy benefit

More regular-income labour denied social security before Covid-19 hit India

Though more firms were switching to formal sector and paying workers regular wages, that didn't necessarily mean they were passing on social security benefits to them

Lockdown gives time for highway repairs before monsoon rains begin

Road construction to pick up after restrictions on travel and business are eased, say analysts.

Govt applies the brake on schemes outside the Rs 20 trillion package

Schemes that were given in-principle approval would also be suspended in this financial year

Centre's compensation cess collection in April down 90% YoY at Rs 990 cr

States worries on revenue front will aggravate, unless GST Council, which meets next week, decides to borrow from markets

Indian economy will eventually recover from Covid impact: DLF's K P Singh

Singh shared his experience of nearly six decades in business with the employees

Centre warns banks on delays in disbursing Rs 3 trn loans to MSMEs

Urges units facing any such delay to write to it, assured corrective action and disbursement of loan

Rs 14,000 cr Gujarat relief package to help revive stuck industrial estates

It is estimated that due to high penalty over delay in construction of units on estates run by the Gujarat Industrial Development Corporation, work had been stuck over 5,000 hectares of land

Realty firms can't move price below circle rate; want changes in I-T law

Circle rate is the minimum value that state governments have set for the sale or transfer of a plot, built-up house, apartment or commercial property

Centre asks states to pick 5 new mineral blocks with clearances for auction

The identified blocks would be auctioned along with other blocks without pre-embedded clearances

Delhi HC refuses to interfere with govt's order on setting caps on airfare

The bench said that in the present situation of the Covid-19 pandemic, the exercise of this power by the government 'cannot be said to be arbitrary or unreasonable'

From now, long power cuts may lead to compensation for users in Chattisgarh

Chhattisgarh has become the first state to implement 'compensation for power cut' policy, an official said

Agriculture to grow 2.5% in FY21 despite Covid-19 blues, locust attack

Horticulture production has exceeded that of food grains since crop year 2012-13

Only 22% garment units running despite easing of lockdown, says survey

The units are mostly operating at 25% capacity, and many of them are making masks and PPEs to cash in on the Covid-19 market

Committed to resolve border standoff with India, China says ahead of talks

The two sides have already held at least 10 rounds of negotiations between local commanders as well as major general-rank officials of the two armies but the talks did not yield any positive result