Page 1844 - Economy & Policy News

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

Govt changes tack with plans for bigger stimulus rivaling G-20 peers

Higher borrowing, economy restarting has changed govt's earlier view of smaller measures

India's mobile device market entry a worry for China and Vietnam

Three firms- Apple, Samsung, and Huawei - account for 75% of global exports

Bharatiya Mazdoor Sangh asks state units to oppose changes in labour laws

Uttar Pradesh and Madhya Pradesh have proposed amendments to labour laws, which has been opposed by several political parties and trade unions

Economy in 'very bad' state, expect financial package in 2-3 days: Gadkari

The minister for MSME, and Road Transport and Highways said the government stands with the industry but it also needs to understand the government's limitations

Punjab drops hike in minimum wage, says situation 'not appropriate'

The Punjab government had hiked the dearness allowance component of the minimum wage by over four per cent on May 1

Covid-19 impact: TDS revenue collection in first 10 days of May down 22%

The fall over the previous year indicates large layoffs, salary cuts, stagnant rental activity due to nationwide lockdown

Measures to attract FDI must be backed with proper infra: Ashok Leyland MD

Comment comes at a time when Centre and various State governments are aiming to attract companies looking at shifting their operations out of China

Balance Covid-19 fight with need to revive economy: Modi tells CMs

According to sources, Modi told the chief ministers that the biggest challenge for the country will be to ensure that the infection does not spread to rural India following relaxation in lockdown

Aimed at reviving investment, Electricity Bill shows sparks of reform

The draft is long on intent but short on detail

Government releases data processing protocol for Aarogya Setu app

MeitY secretary Ajay Sawhney is heading the empowered group on technology and data management during Covid

Kisan Vikas Patra investments to see slower growth after interest rate cut

While the money used to double on maturity in nine-and-a-half years between December 12 and March 31, it will now take 10 years and four months for the same.

Some MSMEs may need deep restructuring, not just liquidity: Union Bank

Bank chief Rajkiran Rai says IBA has taken up the issue of restructuring with RBI

Executive director is employee, not liable to pay GST: Karnataka AAR

The ruling runs contra to those of other state AARs, which have held all directors are liable to pay GST