Page 1829 - Economy & Policy News

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.

Top biz headlines: Airfare capping, Rajan's 'catastrophe' warning and more

Here are the top 10 headlines of the day

Labour Ministry to object to states' Ordinance plan on labour laws

UP, Gujarat govts are seeking to suspend major labour laws via this route; ministry firming up its response

Container vessel idling at 1-yr high as Covid-19 pandemic sinks sailing

The highest sailing cancellation since the Covid-19 outbreak was in February, registering a spike of 105 cancellations across Trans-Pacific, Asia-Europe, and the Mediterranean trades.

Indian processors suspend rough diamond import for the whole of June

Many diamond processors are expecting the moratorium to pressurise minrts to reduce rough stone prices

India faces economic catastrophe, PMO can't handle it by itself: Rajan

Says PMO can't tackle crisis on its own, must consult opposition talent; questions the way some states propose to suspend labour laws and Centre's micro-management of states to undertake reforms

Govt to provide one-time guarantee of Rs 10,000 cr for NBFC assets, bonds

This is an extension of its budget announcement, where it had said it would compensate them to the extent of 10% of the losses banks incur on their NBFC bond portfolio

Income Tax department notifies safe harbour rates for fiscal year 2019-20

The Central Board of Direct Taxes (CBDT) has notified changes to Rules 10TD and 10TE of Income Tax Rules relating to Safe Harbour Rules

Breaching FRBM limits acceptable in pandemic, roadmap necessary: N K Singh

Singh was speaking after the first meeting of the commission's panel on fiscal consolidation, and a meeting on the commission's panel on the health sector

Lockdown 4.0: Will airfare caps benefit airlines and protect consumers?

Those who defend the caps say controlling fares is important because weaker airlines with hardly any cash reserves might be forced to close down