Page 1811 - Economy & Policy News

The economic crisis and India's role in post-coronavirus multilateralism

The world gross domestic product is expected to contract by 3%, international trade may decline by up to 32%, and 49 million people could slip into extreme poverty

RBI should 'bluntly' tell govt to take fiscal measures: P Chidambaram

He also asked if the prime minister or the finance minister will laud themselves for the fiscal stimulus after the RBI chief's statement

Covid-19 lockdown: No proposal to impose calamity cess, say FinMin sources

The sources said any such proposal would prove to be counter-productive as sales are already at low volume at this time of lockdown.

April refinery output down 29%, natural gas falls 19% as consumption tapers

Industry experts say consumption of petroleum products in April was only 30-40% of what it had been prior to lockdown

Hopeful of starting international flights before August, says Hardeep Puri

All scheduled commercial passenger flights have been suspended in India since March 25 when the Modi government imposed a lockdown to contain the novel cornavirus pandemic

'Treat citizens' wealth as national resource': Economists for tough steps in Covid-19 fight

Yogendra Yadav later clarified that the suggestion to treat all private assets as national resources had been wrongly interpreted as nationalisation of private property

Who will monitor the stimulus schemes?

There is a serious need for an independent mechanism to continuously monitor the performance of the programmes and their efficacy

UP to launch dedicated job portal for returning migrant labourers

Portal to help companies/agencies hire skilled labour; So far, more than 2.1 mn workers have returned by trains and roadways buses

UP industrial power consumption inching towards pre-lockdown levels

Nearly 85% of the state's industrial units have resumed operations

3.2 mn migrants ferried in more than 2,000 trains since May 1: Railways

Out of the 2,570 trains, 505 are yet to reach their destination, while 2,065 trains have completed their journey

Covid-19: Haryana's flower farmers seek relief package from govt for losses

The farmers say that flowers planted in the fields have withered, as the flower markets remain closed due to the lockdown, and they have incurred losses worth crores.

Royal Enfield starts production at Chennai, 120 dealers back in business

Two other plants to start in a phased manner; 100 more dealers likely to get back this month

Hyundai Motor sees 500 bookings in two days after resuming operations

Hyundai Motor has got the approval to start the factory in Sriperumbudur, with 7,500 people per day (in two shifts) and resumed operations

BMW Group restarts Chennai plant with 50% workforce; WFH for office staff

Plant layout redone to ensure strict social distancing, individual protective gear for all employees, daily health check-ups

Maruti Suzuki board approves supply of SUV Vitara Brezza to Toyota

This will result in incremental sales for the company, Maruti Suzuki India said in a regulatory filing.

Small cars' demand may overtake SUVs as Covid-19 changes rules of mobility

But SUV makers remain unfazed by down-trading trend

Tata Motors offers easy financing option, special benefits for doctors

Under the package, features such as affordable EMIs with long-tenure loans and special offers for frontline warriors will be offered

Lockdown 3.0: Maruti to restart production at Manesar plant on May 12

Hyundai begins preparations; a few others restart operations

Covid-19: Maruti reopens 600 dealerships, introduces norms across outlets

The auto major said it has put in place a comprehensive standard operating procedure (SoP) across its sales outlets and reinforced digital infrastructure for vehicle purchase amid COVID-19 pandemic

Battling lockdown woes: Daimler India resumes operations near Chennai

The company was able to restart in less than 24 hours after receiving permission from the local authorities