Page 1845 - Economy & Policy News

Saddled with Rs 1,700 cr stocks, farmers demand restart of tobacco auctions

Urge govt to direct Tobacco Board to coordinate with FCV tobacco manufacturers, exporters and traders to facilitate reasonable prices at pre-covid level at these auctions

Odisha to tweak industrial policy, pitch for fresh investments post Covid19

While the state government had drafted a fresh IPR for 2020, the policy statement needs revision to keep in sync with a changed geopolitical and business ambiance post pandemic

Tamil Nadu's MSMEs want measures similar to those offered by other states

Demand raising working hours to 12 a day, leeway to units to work out the number of hands required, choice to migrants between a ticket back home and Rs 5,000 for staying behind

Human nature to want to go home: Modi tells CMs in meeting

Chief ministers are likely to push for allowing economic activities to resume slowly, as the centre weighs a graded exit from the 54-day lockdown

Chhattisgarh asks Centre for its share of coal money to fight Covid-19

State CM sent reminder to coal minister Prahlad Joshi seeking release of Rs 4,140 cr

No proposal to cut salary of central govt employees, says Finance Ministry

The denial comes after television news channel Times Now claimed that the government was planning on cutting salaries of Central Government employees by 30 per cent

Tax-burden on India's GDP to rise further, hitting consumption and savings

In FY19, indirect taxes (net of subsidies) accounted for nearly 10 per cent of GDP up from 9.3 per cent a year ago and low of 6.1 per cent in FY10

Coronavirus can't be excuse to exploit workers, crush their rights: Rahul

Congress leader Rahul Gandhi said basic principles could not be compromised by allowing unsafe workplaces

Lockdown: UP sugar mills seek bailout as demand plummets by one mn tonnes

Cane arrears top Rs 14,000 crore for current 2019-20 season

Weekly economic indicators show slight improvement as restrictions eased

Data shows most indicators are still significantly lower than peak levels

India may set 10% beneficial ownership cap for FDI flowing from 7 countries

The 10% threshold is in line with the rules for significant beneficial owners under the Companies Act, 2013

Statsguru: Migrant workers' exit to job crisis, victory over Covid-19 tough

Joblessness is rising, migrants are returning home in India, and macroeconomic fundamentals are deteriorating

Top 10 biz headlines: Weak corporate earnings, restarting economy and more

From coronavirus impact on various sectors to how electronics majors are looking for ways to revive sales, here are the top ten business headlines of the day

Covid-19: On-site construction labourers turn weary of Mumbai's lockdown

Anxious, home-sick and with monsoons approaching, labourers want to return home

Centre sets up six-member panel to review production sharing contracts

Because of lower oil and gas price environment, there is a need to find ways of attracting investment in exploration and production of oil and gas

Bipin Rawat defends lower spending, says military plays limited role

Army Chief Naravane says roll out of IBGs delayed due Covid-19

Covid-19 lockdown: Passenger trains to be back on tracks from Tuesday

Initially 15 set of trains will be started and online bookings for these will begin from 4 pm on Monday

Bond yields expected to jump 15-20 bps on govt's extra borrowing

The excess borrowing will, however, ease the pressure on the RBI's liquidity operation as banks will absorb the excess G-Secs

IT firms to continue hiring freshers despite coronavirus pandemic

The move is likely to help in containing costs by improving the employee pyramid; lateral hiring likely to be on need-basis

With economic activity in deep freeze, truckmakers wait for signs of thaw

Balance-sheet squeeze makes purchase of trucks impractical, they say