Page 1817 - Economy & Policy News

Top 10 biz headlines: Boeing cuts 12,000 jobs, SBI slashes FD rate and more

Here are the top 10 headlines on Thursday morning

Anti-dumping duty likely on rubber imported from China, 3 other countries

Apcotex Industries Ltd has alleged that dumping of the product from these countries are impacting the domestic industry

Covid-19 crisis: Govt wants PSUs to ramp up dividends, share buybacks

With Covid-19 set to hit FY21 revenue mop-up, Centre looks for options

India can tide over worst recession, but govt must be careful: Experts

Montek Singh, D Subbarao were participating in a webinar hosted by Bhavan's SP Jain Institute of Management Research

UCO Bank slashes lending rate by 40 basis points, MSME loans to get cheaper

The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors

Telangana govt to pay 50% salary to staff for third consecutive month

The government noted that the relaxations extended to sectors like the transport and the stamps and registrations from the lockdown restrictions had not made any substantial difference

Labour pains: Thane's MSMEs operating at 10-15% capacity amid lockdown

The third of a five-part series looks at how lack of manpower and cash flow issues have put small units in dire straits despite govt announcing a Rs 3-trn package

Lockdown impact: NHAI to extend contract for private highway developers

25% average toll collection loss to get one-day extension

Punjab approves reforms to avail additional borrowing of 1.5% of GSDP

The additional borrowing would help state tide over the estimated 30 per cent revenue shortfall in 2020-21 fiscal

India's Q1 GDP may contract 40%, states to lose Rs 30 trillion: Report

For FY21, the SBI Ecowrap report has projected a 6.8 per cent contraction in the country's real GDP

Indian economy may expand by around 5% in FY22: Ex-RBI governor Subbarao

According to Subbarao, the country is going to face its worst recession in the current financial year

1 in 10 Indian jobseekers lost job, most think layoff imminent: Survey

Jobseekers from the IT, pharma, medical or healthcare and BFSI industries were less impacted by layoffs and salary cuts as compared to their counterparts from other industries.

UP to bring industry chambers on board for providing jobs to migrants

So far, the state has evacuated more than 2.5 mn stranded workers

Covid-19 pandemic to accelerate digital adoption in India: Morgan Stanley

Morgan Stanley said Covid-19 has relieved some apprehension relating to digital transactions

UP eyeing post-covid investment from US, Japan, Korea: Industry minister

Admits labour migration posing a challenge to industrial revival; no special approval needed to start operations for new MSME units for next 3 years

Govt may launch coal blocks auction under commercial mining on Jun 11

The government last week approved a methodology for commercial mining of coal on revenue sharing basis

Decoding the Atmanirbhar Bharat package and its various components

While the govt has denied that the policy is isolationist and says it will make India part of the global supply chain, import substitution seems to be a part of the package

Despite the recent plunge, India's farm export story may not be so gloomy

Experts say with several countries averse to Chinese products, India's farm exports have an opportunity to capture such markets; buffalo meat, rice are among the products with promise

Over a third of Indian women don't own gold but want to buy it: WGC survey

60% of Indian women already own gold jewellery, the most popular item among 'fashion and lifestyle' shoppers after designer clothes and silk sarees.

UP restarts road, bridge projects totalling Rs 31,000 cr as lockdown eases

The state has expedited infra projects to boost economy, create jobs in hinterland