Page 1828 - Economy & Policy News

Banks, financial cos must be allowed to avail credit insurance: Irdai group

Trade credit insurance covers a seller against the risk of non-payment by its customers arising due to willful default or insolvency

I-T department issues refunds worth Rs 26,000 cr to around 1.7 mn taxpayers

Expediting refunds of up to Rs 5 lakh was announced as part of the government's policy initiative to tackle the economic impact of Covid.

Covid-19 crisis: Health infra still a fight two months after lockdown

Rough estimates suggest a spend of around Rs 1,000 crore in Covid-related manufacturing in the country during the last two months

Retail, MSME loans to get cheaper as RBI cuts repo rate in surprise action

HDFC Bank cuts base rate by 55 bps; SBI calls ALCO meeting to take call

RBI's decision to cut lending rate will make loans affordable: Sitharaman

The RBI reduced the repo rate by 40 basis points to a historic low of 4 per cent, besides extending loan moratorium for all retail and commercial borrowers by another three months till Aug 31

FMCG sales drop 34% in April; ecomm, cash & carry show recovery: Nielsen

This number was significantly higher for outlets other than chemists and grocers, Nielsen said in the third edition of its report on FMCG sector after Covid-19

RBI breather for trade: Higher export credit, more time to pay import bills

Exporters laud timely steps but want direct fiscal support, full package

CPWD/CIDC urge 75% of daily wage as Covid-19 allowance to get workers back

CIDC's nine-point guidelines for construction sector also include clean accommodation and three meals a day for workers

Dharmendra Pradhan reviews pipeline projects, bats for Atmanirbhar Bharat

Project work along the Pradhan Mantri Urja Ganga, JHBDPL pipeline, has resumed in full swing post lockdown

Mining and mineral sector impacted due to Covid-19 led slowdown: KPMG

In the construction sector, there is a lack of automation and the resultant dependence on manual labourers. The monsoon is expected to affect the return to normalcy in Q2 of FY21

Realty gets a boost in Chhattisgarh, developer to get approval in 100 days

The state government has launched a 'Single Window System CG Aawas' to facilitate the initiative

CBDT issues tax refund worth Rs 26,242 cr to tax assesses since April 1

Tax refunds issued to 16,84,298 tax assesses, says the government.

UP Police cracks down on fake news amid Covid-19 crisis, lodges 40 FIRs

After the lockdown was announced in March 2020, the Adityanath government had warned of tough action against fake news and agai8nst those uploading inflammatory material on social media sites

Lockdown leads to cleaner water bodies; minister says time to 'introspect'

'"Since agriculture, which uses nearly 89 per cent of water,is also a state subject, the governments will have to consider what to grow, how much to grow and for whom to grow," the minister added

Mining leaseholders urge govt to honour concessions saved under regulations

Fimi says existing leaseholders have invested huge resources and time to undertake risky exploration activities and have helped India to discover valuable mineral deposits

Global agency DBRS Morningstar assigns BBB sovereign ratings to India

A BBB rating means that "the capacity for the payment of financial obligations is considered acceptable. May be vulnerable to future events"

Piyush Goyal welcomes RBI rate cut, says it will boost demand amid Covid-19

Earlier today, the RBI slashed the repo rate by 40 basis points to 4 per cent and extended the loan repayment moratorium for another three months up to August 31

Govt scrutiny on new portfolio investors from China, Hong Kong: Report

The discussions come weeks after the central government said it will screen all foreign direct investment (FDI) from countries with which it shares a land border

From Rs 2,000 to Rs 18,600: Here's how much air tickets will cost you

In the case of a Delhi-Mumbai flight, the minimum fare will be Rs 3,500 and the maximum Rs 10,000. Here is the maths of how much air tickets will cost passengers as domestic air travel resumes

South Central Railway lists 9 special passenger trains to start from Jun 1

The South Central Railway has also listed general guidelines for the train services.