Page 1816 - Economy & Policy News

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

Govt notifies revised Form 26AS, to have purchase info of shares, property

Easing taxpayer compliance, the annual information statement has been subsumed in the Form 26AS

CBDT notifies revised Form 26AS, to include details of property, share deal

To implement this, the Budget 2020-21 had introduced a new Section 285BB in the Income Tax Act

Inbound FDI rose 14% in FY20 to $49.9 billion; service sector top recipient

Singapore continued to be largest source of FDI for India for second consecutive year

Make state-specific plans for resolving power sector issues: PM to PowerMin

Asked ministries of power and new & renewabl energy to ensure discoms publish their performance parameters periodically, so people know how their discoms fare in comparison to peers

Lockdown 4.0: Not looking for dole, need better policies, say Meerut MSMEs

The fourth of a five-part series looks at the situation in the industrial heartland of Western UP where firms prefer GST refunds, supportive policies over handouts

As Chinese furniture exports hit a wall, Indian makers sense an opportunity

Domestic players eager to compete but seek friendlier policy

71% think govt's stimulus package will lead to economic recovery: Study

Even though a majority support the economic package, fewer than half see it benefitting them personally

Covid-19 : HP sees spike in demand for PCs with work from home, e-classes

Reported declining revenue on supply-chain disruption

India's cement production to fall 25-30% in FY21 as Covid-19 saps demand

This is billed as the steepest fall for the industry in any year. Capacity utilisation in FY21 is seen at 40-45 per cent

Adityanath makes Swadeshi pitch for industrial growth, jobs for migrants

UP to sign MoU with industry chambers tomorrow for job creation

Kanpur tanneries start functioning tomorrow amid labour crunch, few orders

Though they have very few orders in hand right now, they are pinning hopes on leather units catering to the defence sector and police for safety shoes

FM Sitharaman chairs FSDC meeting, takes stock of economy amid Covid-19

Various measures to maintain financial stability in the context of COVID-19 have been reviewed, an official said after the meeting

Lockdown-hit corn starch makers find silver lining in downstream pharma

Although pharma accounts for 10-15% of corn starch supplies, manufacturers are looking to partly make up for loss in production, as offtake has received some support from the crash in input corn price

Goyal expects better exports performance in May, contraction to be lower

There was a huge decline in exports in April but "my sense is that in May, it will improve significantly", he said while speaking at CII's Export Summit