Page 1833 - Economy & Policy News

10 targets that states need to achieve to avail extra borrowing

These targets are under four categories, namely, One-Nation-One-Ration Card, ease of doing business, power sector reforms and urban local body reforms

Centre issues new guidelines for transportation of migrants between states

While issuing the revised SOP, Union Home Secretary Ajay Bhalla said for running 'Shramik' special trains, permission will be given by the Ministry of Railways in consultation with the MHA

As millions of migrants return, will it be a boon or bane for home states?

Govts looking to turn labourers' return into an opportunity, but might have to rely on rural job guarantee scheme in near term

Ending monopoly of mandis is good, but process could be problematic

Ending the monopoly of the mandis is a good thing, but early experiences show that the process can be problematic

Reality of realty post-Covid-19: Here're factors that may impact growth

With the Covid crisis continuing to wreak havoc in the market, its short-term impact in the coming 6-12 months is likely to be quite a dampener for the recovery of the real estate sector

India resumes purchases of Malaysian palm oil as relations improve: Report

A restart to buying by India, the world's biggest edible oil importer, could further support Malaysian palm oil prices, which have edged up from 10-month lows in recent days

India's account surplus to touch $20 bn in FY21 due to Covid-19: Barclays

The country has been perennially struggling with huge current account deficits.

Govt extends deadline to fulfill contractual obligations by up to 6 months

It further said that the period of extension (three and six months) may be decided based on the specific circumstances of the case and the period for which performance was affected

Icra revises domestic steel industry outlook to negative from stable

Sees domestic demand for the alloy declining by 20% in FY21

FIEO expects 20% fall in export during FY21 over coronavirus pandemic

The outlook is "extremely negative" at the moment, and fall in export will also be accompanied by a decline in import, an official of the apex exporters' body said

Govt's recent reforms won't help ailing power sector: CARE Ratings

Study says lockdown has sapped power demand, taking accumulated coal inventory to 51 million tonnes

Govt withdraws order on compulsory wage payment by firms during lockdown

Trade unions slam decision, employers welcome it, saying it was absolutely necessary especially in absence of grants from govt to industry for wage payment

Economic package won't fully offset negative impact of Covid-19: Moody's

While these measures will help ease asset risks for the financial sector, they will not fully offset the negative impact from the coronavirus outbreak, Moody's said

Top Biz Headlines: Borrowing limit raised, Swiggy lays off 1,100 and more

Here are the top 10 headlines on Tuesday morning

New-look inter-creditor agreement on the cards as IBC process suspended

The Indian Banks' Association can be expected to begin formal discussions with the wider banking fraternity over the next fortnight

Borrowing limit raised, but states won't rush to make use of the chance

Only eight states will qualify for the extra borrowing, as they have to meet stiff conditions on ease of doing business.

Delhi to Andhra, states take slow and steady steps to exit lockdown

Delhi implemented most of the demands made to the Centre in a letter to Prime Minister Narendra Modi on 14 May.

Indian economy to contract 5-7% in FY21: Bernstein, Goldman Sachs

Analysts say the Rs 20-trn stimulus package by govt a lost opportunity

Booster shot for maritime sector: Govt plans to de-risk ports, enhance FDI

The vision includes building new ports to cater to the trade requirements, develop India as a Transshipment Hub and bring at least two ports in the world's top 10 rankings

Post-import expenses excluded for determining Customs value: Expert

The charges for erection and training will not be included in the assessable value of the imported goods