Page 1809 - Economy & Policy News
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
 "Committed to resolve border standoff with India, China says ahead of talks")
Covid-19: Govt not to launch any schemes for a year, says finance ministry
Spending will only be allowed in the Prime Minister Garib Kalyan Yojana and measures announced under the Atmanirbhar Bharat policy to boost domestic business
 "Covid-19: Govt not to launch any schemes for a year, says finance ministry")
Why controversy over digital services tax could create a new trade war
The OECD does recognise the need to reform international tax rules for taxation of digital businesses but so far hasn't arrived at a consensus on the scope and manner of taxation
 "Why controversy over digital services tax could create a new trade war")
Is India right in recommending HCQ despite the uncertainties around it?
HCQ was dropped from the solidarity trial that WHO was conducting as a part of a global effort in May.
 "Is India right in recommending HCQ despite the uncertainties around it?")
Top 10 biz headlines: Govt releases state GST dues, jobless rate falls
The top headlines Friday morning: from Jio Platforms bagging another international investor to India's consumer confidence.
 "Top 10 biz headlines: Govt releases state GST dues, jobless rate falls")
Covid-19 pandemic eats into consumer confidence, shows RBI survey
Consumers reported sharp cuts in discretionary spending and also do not expect much improvement in the coming year, the RBI survey said
 "Covid-19 pandemic eats into consumer confidence, shows RBI survey")
India's edible oil import falls 40% in May, lowest since 2011: SEA
India, world's leading vegetable oil buyer, had imported 11.80 lakh tonnes of edible oil in May 2019.
 "India's edible oil import falls 40% in May, lowest since 2011: SEA")
Rajiv Bajaj terms lockdown draconian, says it flattened the wrong curve
He says the lockdown has been "bittersweet", but more bitter than sweet if one looks at what is happening to businesses and to the people at large
 "Rajiv Bajaj terms lockdown draconian, says it flattened the wrong curve")
Covid-19 crisis: Centre releases Rs 36,400-crore GST compensation to states
States have been up in arms against the Centre over the non-payment of compensation dues according to the calender
 "Covid-19 crisis: Centre releases Rs 36,400-crore GST compensation to states")
Unemployment rate falls to 5.8% in 2018-19 from over a four-decade high
The unemployment rate in 2017-18 had risen to 6.1%, compared to 2.2% in 2011-12, according to the results of the Periodic Labour Force Survey released by the National Statistical Office.
 "Unemployment rate falls to 5.8% in 2018-19 from over a four-decade high")
Safe future: How India lags in meeting sustainable development goals
Unplanned exploitation of environment in recent decades has not only altered its balance but is also leading to catastrophic events like super cyclones
 "Safe future: How India lags in meeting sustainable development goals")
Pune-Nashik rail line project gets nod; link to boost movement of goods
MRIDC (also known as MahaRail) will be implementing the project, which had been pending approval for long
 "Pune-Nashik rail line project gets nod; link to boost movement of goods")
70% of MSMEs intend to reduce headcount to save businesses: AIMO survey
The survey's result, the second part of the survey series conducted by AIMO amongst the corporates, MSMEs, self employed persons and others, was based on the responses from 46,525 participants.
 "70% of MSMEs intend to reduce headcount to save businesses: AIMO survey")
Borrowings by states double in lockdown owing to severe revenue crunch
Market borrowings at over Rs 1.26 trn in April-early June, against Rs 60,000 cr in the year-ago period
 "Borrowings by states double in lockdown owing to severe revenue crunch")
Modi-Morrison online summit: India, Australia ink landmark defence pact
7 pacts signed in an e-summit between PM Modi and his Australian counterpart
 "Modi-Morrison online summit: India, Australia ink landmark defence pact")
Centre releases Rs 36,400 cr GST compensation to states,UTs for 3 months
For the April-November 2019 period, the Centre had already released Rs 1,15,096 crore to compensate states and UTs on account of revenue loss due to implementation of the GST
Tamil Nadu CM sends feelers to 11 automotive CEOs to invest in the state
Palaniswami promised customised incentive package to majors like Tesla, BMW, Mercedes-Benz, among others
 "Tamil Nadu CM sends feelers to 11 automotive CEOs to invest in the state")
Realtors fazed by Piyush Goyal's take, say lower prices may not boost sales
Commerce minister had urged developers not to wait for govt aid or markets to rationalise but start lowering prices and write off their earlier investments as bad business decisions
 "Realtors fazed by Piyush Goyal's take, say lower prices may not boost sales")
Telecom operators wary of sharing source code of products with DoT
Source coding testing, they have told vendors, will be undertaken by third party labs accredited by the DoT
 "Telecom operators wary of sharing source code of products with DoT")
Job situation improves in 2018-19, unemployment rate falls to 5.8%: Govt
The labour force participation rate (LFPR) during 2018-19 rose to 37.5 per cent as compared to 36.9 per cent a year ago, said the Periodic Labour Force Survey (PLFS)