Page 1841 - Economy & Policy News

Used car market heads for boom post-lockdown as demand may pick up pace

The pre-owned car market is headed for a boom in the post-lockdown era as cars acquire a utilitarian value for people

Covid-19 impact: Govt holds back April CPI citing data collection issues

But it did revise the CPI inflation for March to 5.84 per cent from 5.91 per cent

RInfra's regulatory assets could impact sale of Delhi power business

There has been no tariff hike in the last four years and experts believe that the status quo is likely to prevail in the near future

Domestic paper makers seek protection from cheap Chinese, Korean imports

They fear that with factories remaining shut during peak season, China may resort to dumping; Indian manufacturers want govt to levy customs duty on imports

Industrial production declines 16.7% in March amid Covid-19 pandemic

According to National Statistical Office (NSO) data, manufacturing sector output fell by 20.6 per cent compared to a growth of 3.1 per cent in the same month a year ago

Govt mulls tax holiday for companies making new investments in India

The finance ministry is considering a commerce ministry proposal on this, according to a Bloomberg report

Indian Railways set for partial resumption of passenger services from today

On May 10, the Indian Railways said it will run 15 pairs of trains and that bookings for 15 passenger trains will start from Monday

Unsure whether India gains if businesses shift from China: Abhijit Banerjee

"India plans to spend less than one per cent of its GDP at Rs 1.70 trillion. We should spend a much-increased proportion of GDP," he said

Covid-19: Airport-type screening planned at 3 railway stations in Kerala

The three Kerala railway stations where stringent screening is planned to be implemented are Kozhikode, Ernakulam and Thiruvananthapuram

Railways get 45,000 bookings for special trains worth Rs 16 cr on Day 1

45,533 bookings worth Rs 16.15 crore have been recorded for the special trains for the next seven days, the railways said, adding that around 82,317 passengers will travel against these booking

Asymptomatic passengers with confirmed tickets allowed to travel: Railways

The Railways will partially resume its passenger train services after over one and a half months of halt owing to the Covid-19 lockdown in the country

India suspends 30 licences to import 452,303 tonnes of refined palm oil

The suspension could reduce India's palm oil imports in the next few months and pressure Malaysian palm oil futures, but could lift shipments of soyoil and sunflower oil

Centre releases Rs 6,195 crore to 14 states to fight coronavirus crisis

This would provide them additional resources during the coronavirus crisis, the finance ministry said

No ration card will be cancelled for not seeding with Aadhaar: Centre

Instructions have also been issued that food grains under NFSA shall not be denied due to failure of biometric/Aadhaar authentication

No increase in lease rent for SEZ units in FY21 due to coronavirus: Centre

And payment of lease rent of the first quarter is to be deferred up to July 31, 2020, for all SEZ units

Top 10 biz headlines: Next stimulus package, weak auto sales and more

Business Standard brings you top 10 business headlines of the day

Railways to resume passenger service in phases with strict safety norms

Passengers can make advance reservations seven days earlier from the normal four months before the date of journey. On cancellation, only 50 per cent of the fare would be refunded

Behind Mumbai's coronavirus crisis: Poor planning, unbridled greed

Urban planners and real estate experts say bad town planning in Mumbai and rising deaths during the ongoing pandemic are a "sad reality".

Customers don't come to buy but to sell old stuff as jewellery stores open

Jewellery offtake down to 15-20% of May sales in the previous years

Centre may extend lockdown beyond May 17 with easier norms for business

PM assures resumption of more economic activities; zone identification may be left to states