Page 1848 - Economy & Policy News

How India can make its economic recovery clean, sustainable post Covid-19

The renewable sector holds the key to not only offsetting the job losses due to the pandemic, but also making the recovery sustainable

Govt disbursed Rs 18,253 cr to 90 mn farmers under PM-KISAN: FM Sitharaman

Under the PM-KISAN (Pradhan Mantri Kisan Samman Nidhi) scheme, each farmer gets Rs 6,000 in a year in three equal installments directly in bank account

Miners want mandatory capex rule relaxed as workers stay away fearing Covid

None of the merchant mines in Odisha whose lease validity expired by March 31 has been able to restart. Though the successful bidders have got LoI, they awaiting formal vesting orders

Adityanath seeks ways to boost tax revenue as UP misses April target by 90%

Chairing a review meeting here, Adityanath directed the revenue minister and other senior officials to look at additional sources of revenue and accelerate tax collection

UP steps up efforts to reach out to 74 global firms looking to exit China

European Business Group hails covid-19-induced labour reforms in UP; state goes online to connect with five nations and companies like Microsoft, Dow and IBM and showcase investment opportunities

Tamil Nadu CM asks PM to keep Electricity Amendment Bill on hold till talks

Proposed Bill takes away certain powers of the State government, and seeks to bring in changes in the existing Electricity Act that would make power utilities in the public sector totally unviable

Lockdown worsening poverty levels among workers in informal economy: ILO

In high-income countries, relative poverty levels among informal workers are estimated to increase by 52 percentage points

Covid-19: Chhattisgarh CM asks Rs 30,000 cr package for state from PM

CM Baghel has urged the prime minister to release Rs 10, 000 crore immediately, out of the total amount.

Lockdown: Closure of commercial activity has hit Bihar, UP villages

But most respondents to a survey conducted by Smart Power India said they saw a positive change in social hygiene behaviour during lockdown

Covid-19 crisis: UP exempts biz from all but 4 labour laws for 3 years

State government says it will boost investment; experts term it an attack on fundamental rights

Covid-19 lockdown effect: Every second Indian now on internet in cities

The data released by Nielsen and the Broadcast Audience Research Council (BARC) shows that internet usage has grown sharply in cities over the last one month, touching 54 per cent

Working closely with states on labour reforms to help industry: Centre

The Confederation of Indian Industry (CII) suggested to the Labour Ministry to "direct workers to join back to their workplace" by issuing a circular

Covid-19 impact: State govts likely to raise more money using bonds

According to the Reserve Bank of India (RBI) data, state governments' gross market borrowings stood at Rs 6.08 trillion in 2019-20, up from Rs 4.78 trillion in 2018-19.

MP will need Rs 1 trillion to reboot economy: Shivraj Singh Chouhan

Chouhan said that the farm loan waiver scheme of the previous Kamal Nath government was a "trick of phantasm", indicating that his government could review it

FM to discuss credit flow to NBFCs, businesses with banks on Monday

The FM will take stock of the credit sanction and disbursement by the banks since March 1, 2020, and the Covid-19-related emergency credit lines opened by the lenders

CBDT orders tax officials to not issue scrutiny notices to taxpayers

Move comes after a group of IRS created panic and tax policy uncertainty

Country's first round-the-clock solar power tender closes at Rs 2.9/unit

The project developer will have the option of building a hybrid plant with wind and hydro power or have energy storage systems

Covid-19: Relief for NRIs, foreign visitors as tax residency rules eased

The government imposed a lockdown on March 24 and is yet to open up travel, including international flights.

UP Ordinance a blow to industrial dispute resolution, say experts

The proposed Ordinance showed that the existing labour law - the Industrial Disputes Act of 1947 - which spells out the mechanism for resolving industrial disputes will become invalid

Additional borrowing to widen fiscal deficit, but help govt perk up economy

He did not think that the move will crowd out borrowings of the private sector, saying demand of the government and the private sector are not contradictory in these circumstances