Page 1812 - Economy & Policy News

Employers not paying full salary must present balance sheet in court: Govt

The MHA had passed an order on March 29 asking all employers to make payment of wages to their workers without any deduction for the period their establishments were under closure during the lockdown.

Centre paves way for licence-free purchase directly from farmers

Any buyer with a PAN can purchase from farmers; no state or central taxes on direct procurement; food items removed from EC Act

How pandemics past and present fuel the rise of mega-corporations

Certain large organisations have stepped up to the opportunities provided by Covid-19

After the lockdown: Indian economy's path ahead is riddled with potholes

While some economists believe the Indian economy would contract 5%, others say there could be a double-digit fall in FY21. A K Bhattacharya lists the challenges facing India's economic recovery

Top 10 biz headlines: Make in India boost, fall in air traffic & more

Here are the top ten headlines on Thursday morning

India's retail and SME loans to deteriorate as well, says Moody's

Moody's Investors Service has said that policymaking institutions face increasing challenges from lower growth, weaker fiscal conditions and rising financial sector stress.

Make in India boost: Samsung, Foxconn, Lava likely to apply for PLI scheme

The government will offer the scheme to five global and domestic entities.

Windfall for sugar mills as Centre allows export of alcohol-based sanitiser

Hit by the slump in sugar demand following lockdown and consequent subdued realisations, mills have run up huge farmers' outstanding pertaining to the current sugar season 2019-20

India must shed its protectionist attitude: Ex-CEA Arvind Subramanian

If we turn protectionist, I don't know how can we be an exporting power. Self-sufficient exporting powerhouse is an oxymoron," he said.

Piyush Goyal asks property developers to cut prices to survive downturn

Unless you reduce your rates, you will be stuck with your inventory, Goyal said to developers.

Covid-19: Govt clears plan to suspend IBC for 6 months, ordinance soon

Suspension could be extended to one year and is expected to allow companies to get their business back on track without the fear of being dragged into insolvency

Empowered group of secys to expedite clearances, says Anil Swarup

"The hope is that this empowered group will use its powers to expedite clearances."

Covid-19 crisis: Cabinet forms group of secys to attract foreign investment

The two bodies also aim to make Indian products go global, help develop investible pipelines

Dismantling of labour laws will take away workers' protection, says Ex-CEA

India's January-March GDP growth sank to 3.1 per cent, a low not seen in at least 17 years

Interest waiver will impact financial viability of banks: RBI to SC

The RBI also said that the moratorium on loans, which was recently extended to August 31, is in the nature of a deferment and cannot be construed to be a waiver

After mobile phone devices, phased manufacturing push for AC makers

Prime Minister Narendra Modi, while addressing India Inc on Tuesday, had stressed the need for reducing imports and strengthening local products across key categories including ACs.

India simplifies clinical trial rules for Covid-19 vaccine manufacturing

Govt will take inter-departmental approach to ensure right vaccine candidate is available for Indians at the earliest

Govt eases visa norms amid Covid-19; foreign businessmen can visit India

Foreign healthcare professionals, health researchers, engineers and technicians who wish to come for technical work at Indian health sector facilities, including laboratories and factories

Covid-19: FRBM framework will need to be updated, says Arvind Subramanian

Addressing a webinar organised by EY India, Subramanian further said while labour reforms were necessary, the way they have been done by some states have undermined basic protections to workers

RBI repo cuts not effective any longer? They seem to have lost their sting

In 12 months, bond yields are down 100 bps, against 200-bps cut in repo