Page 1815 - Economy & Policy News

Singapore top FDI source for India in FY20 with $14.67 bn in investments

In the past two financial years, FDI from Singapore has surpassed that from Mauritius

UP signs MoUs with industry bodies to create 1.1 million jobs for migrants

The migrant workers will lay the foundation of New UP, says CM Adityanath

India, US could strike a 'smaller' trade deal in coming weeks: Indian envoy

The two countries have been negotiating a trade package to iron out certain issues and further boost two-way commerce

Amit Shah speaks to CMs before meeting Modi on next phase of lockdown

The central government is expected to announce its decision on the lockdown within the next two days

Lockdown in India: Seriously ill, pregnant women must avoid train travel

Piyush Goyal tweeted, "I appeal to people suffering from serious ailments, pregnant women & those above 65 years & below 10 years of age to travel only when necessary

Bharat Bond ETF second tranche worth Rs 14,000 cr to hit market in mid-July

In December, 2019, Bharat Bond ETF mobilised Rs 12,400 crore

Reservation period for special trains increased to 120 days: Indian Railway

The changes will be implemented from May 31 onward, according to Indian Railways

China to ban pork imports from India to 'prevent swine fever': Report

According to the daily, India reported its first case of ASF in both domestic pigs and wild boars in Assam earlier this month

Govt lifts curbs on exports of paracetamol APIs with immediate effect

"The notification is further amended to remove the restriction on the export of paracetamol APIs, making it export 'free' with immediate effect," the statement read

India's economy may have grown at slowest in 2 years during March quarter

The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45% contraction from a year ago

Top biz headlines: Corona warriors for markets, Jet gets 7 new EoIs, & more

Here are the top 10 headlines on Friday morning

Exports likely to improve in May, contraction expected to be 30-35%: Goyal

Addressing the Digital Summit on Exports organised by the Confederation of Indian Industry (CII), Goyal said he expects the fall in exports to narrow to 8-10 per cent in June.

FM Sitharaman launches scheme for instant allotment of online PAN

In a statement, the Central Board of Direct Taxes (CBDT) said Finance Minister Nirmala Sitharaman on Thursday formally launched the facility.

Fourth tweak in social security Bill likely to cover more workers

The current social security laws in India exclude about 90 per cent of the workforce - mainly in the unorganised sector.

India allows export of paracetamol API amid coronavirus outbreak

The Indian government in March put a hold on exports of several drugs including paracetamol to secure supplies for its people after COVID-19 outbreak disrupted the industry's supply chain globally.

Lockdown 4.0: Over 95% flight bookings for one-way trips, shows data

Domestic flight operations resumed on May 25 after a two-month suspension, allowing stranded people to return home.

Locusts reach Gondia in Maharashtra, Delhi mulls plastic cover for saplings

In Rajasthan, which has been worst hit, officials say 90,000 hectares in 20 districts have been affected; standing crop in 4,000 hectares in Sri Ganganagar, 100 hectares in Nagaur has been destroyed

Govt mulling more policy action for NBFCs, regulatory changes for markets

This comes after Finance Minister Nirmala Sitharaman interacted with country's top regulators at FSDX meeting on Thursday

Collapse of commercial papers volume puts debt schemes at risk: Ind-Ra

Generally, the daily volume is Rs 10-15,000 crore in CPs in the secondary market

Lockdown will bring more focus on hydropower, fuel our expansion: NHPC CMD

NHPC has five hydropower projects with an installed capacity of 4924 MW under construction