Page 1832 - Economy & Policy News

Railways to operate AC, non-AC trains from June 1, booking from tomorrow

It said the general (GS) coaches shall also have reserved seats for sitting, meaning there will be no unreserved coach in these trains

Consumers reluctant to visit restaurants amid Covid-19: LocalCircles Survey

87% citizens do not want to visit a restaurant in the next 30 days; 25% consumers say they will order restaurant food via food delivery apps

A comparative analysis of the healthcare investments made by Indian states

To catch up with the developed world, India needs to raise its public expenditure on healthcare

Actual GDP growth in FY21 depends on intensity of Covid-19: FinMin Report

The report, prepared by the Economic Affairs Division of the Finance Ministry, took comfort from an IMF note which projected a growth rate of 1.9 per cent for the current fiscal

Coronavirus crisis must prompt industry to reset ties with workers: FM

The industry should also strive to work towards the skilling of employees at all levels, CII quoted her as saying in a statement

How the lockdown could be creating an economic data vacuum in India

It has impeded the govt's ability to collect numerical information, forcing it not to release key inflation figures

Interest rates charged by banks capped at 9.25% under MSME package

Interest rate ceiling for NBFCs loan at 12%; caps are much lower than the normal interest rates charged by these lenders

Centre passes the baton on to States for initiating labour law reforms

It is pushing the states to undertake they reforms without taking the Ordinance route to codify the laws

Trump's focus on local drugs not immediate concern: Indian pharma industry

US is one of the major export destinations for drugmakers in India, accounting for roughly 33 per cent of the country's drug exports

CM Yogi Adityanath launches 'UP Start-up Fund', to be managed by SIDBI

The fund has been set up under the UP Information Technology and Start-up Policy 2017

The inside story of how the govt's Covid-19 package was worked out

Large-scale reshuffles, pressure from various stakeholders and need to revisit all the budget numbers delayed the response

Govt's Rs 2 trn package will provide limited benefits: Subhash Chandra Garg

Garg added that government support is about Rs one and a half to a quarter to two trillion, which is relatively smaller than it should have been

Covid-19 woes: Exodus of skilled migrant labourers badly hits MSMEs in Pune

Many of the workers had taken payments of March and April and still they had left for their homes

Surat's diamond industry starts operations with reduced workforce

Nilesh Bodke, who is associated with the diamond industry said that this sector is resilient and will overcome the impact of Covid-19 lockdown in 2-3 months

Top 10 biz headlines: FM interview on stimulus, RIL rights issue and more

Here are the top 10 headlines on Wednesday morning

Turn on the lights: Non-essential retail back as govt eases lockdown norms

Barring Mumbai, shops across other key metros reopen

Door open for stimulus 6.0; govt with industry: FM Nirmala Sitharaman

Calling her stint as FM during the pandemic "the most challenging assignment yet", Sitharaman said she was not upset with the criticism that the recent stimulus package was too little

Govt to further revise criteria for MSME definition, says Nitin Gadkari

Unveiling the contours of the Rs 20-trillion stimulus package, Finance Minister Nirmala Sitharaman had last last week announced a change in the definition of MSMEs

Non-basmati exporters see opportunity amid Covid-19 as crops fail elsewhere

They are looking to tap exports in Africa, South East Asia as paddy crop in Tahiland and Vietnam fails, other exporting nations maintain buffer stocks

Credit line for street vendors may've few takers; half of 10 mn not covered

A majority of street vendors, due to closure of their business, do not have the liquidity to pay back a loan.