Page 1813 - Economy & Policy News

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

Going back to basics: Make labour laws simple, protect workers' rights

It's not just the inability to downsize that constrains it but opaque hiring practices and the illogic of size-based legal thresholds that encourage companies to stay small

Covid-19: After Russia clears, India looks to expedite Favipiravir approval

India is working out ways to grant approval for Favipiravir expeditiously

India saves Rs 5000 cr in forex after capitalising on global low oil prices

State-owned oil firms were in April asked to buy import oil when global rates fell to a two-decade low.

Service activity continues to contract in May due to lockdown, PMI at 12.6

Job losses across services sector continue as foreign orders remain missing

Govt sets up empowered group of secretaries to attract investments to India

The cell is aimed at creating projects with all approvals, land available for allocation and with the complete detailed project reports for adoption/ investment by investors

Cabinet decisions on agrarian reforms will transform the sector: PM Modi

Tweeting in Hindi and English, he said these decisions will have a very positive impact on rural India, especially industrious farmers

Covid-19 could see the govt missing the $5-trillion economy deadline

The target could get pushed forward by at least two years even if the economy were to grow by an optimistic 7.5% a year after FY21

Land usage changes may lead to spread of new diseases like Covid-19: Study

This can alter the behaviour of the flying mammals, reduce their biodiversity, and compromise the ecosystem functions they offer, the scientists said

Changes to Essential Commodities Act: Can govt make a departure from past?

Aims to ensure Act kicks in only under exceptional circumstances and unforeseen events such as droughts, floods or when food prices fluctuate beyond a point

New MSME definition to benefit downstream textiles, boost exports: experts

Several exporters can now be classified as MSMEs and avail 5% rebate under interest equalisation scheme

SC notice to Centre, Maharashtra govt on plea to rename Bombay High Court

It said that same name of the high court as well as the state will lessen the confusion that arises in multiplicity of names and will be in the interest of public

Govt approves changes to EC Act, permits farmers to sell produce freely

The Cabinet also approved 'The Farming Produce Trade and Commerce (Promotion and Facilitation) Ordinance, 2020' to ensure barrier free trade in agriculture produce

Buy power here, get it in 1 hour: R K Singh launches real-time power market

This has placed Indian electricity market amongst a league of few electricity markets in the world, which have real time market, he said

UP govt to amend biofuel policy to augment state's green energy resources

Last year, the state government said it was, in partnership with the petroleum ministry, preparing an action plan to set up a large sized biofuel plant in every district

Covid-19 impact: Exports dip 60% in Apr, iron ore, pharma only bright spots

Apart from exports, imports too, tumbled 58.7% in April, with all major import products seeing a contraction.

UP provides cash support of Rs 1,000 each to more than 3.3 mn poor people

This includes 1.79 million construction labourers, 881,000 urban labourers and 659,000 destitute in the rural areas of the state

Govt approves amendment to Essential Commodities Act, clears two ordinances

Amendment to deregulate food items, including cereals, pulses and onion

Will direct multilateral aid to disaster-hit states become the new normal?

While the Centre has always been leery of a direct outreach to states by global agencies, there are indications that this mindset is about to change

Covid-19: India's services PMI improves from April lows to 12.6 in May

Services activity in the country has suffered a lot amid back-to-back nationwide lockdowns to prevent the spread of coronavirus.