Page 1851 - Economy & Policy News

Top Biz Headlines: SBI's revival plan, increase in currency in circulation

Here are the top ten business headlines on Friday morning

Cloud over online AGM for banks as they don't fall under Companies Act

MCA notification doesn't include banks as they are governed by separate Act; sources say separate guidelines may have to be issued for them

Lockdown 3.0: Rural India may drive demand recovery amid Covid-19 crisis

Top executives at auto, tractor and consumer packaged goods firms are optimistic. They are betting on the reverse migration of labourers boosting consumption and prediction of a favourable monsoon.

CBDT amends rule for speedy resolution of tax disputes under treaties

Change in rule 44G of MAP calls for mutually resolution of tax disputes as agreement between India and the other nation, within 24 months

Covid-19 crisis: It's time for concrete revival plan, says SBI chairman

Rajnish Kumar said, "a certainty on regulatory stance, and support that may be coming from the government, is required as we are now in the exit phase of the lockdown."

Despite good Kharif season, analysts cut earnings estimates for Rallis

Analysts have cut earnings estimates due to labour and logistic issues in India, demand and price overhang in international business

Covid-19 impact: India looks to lure more than 1,000 US firms out of China

In talks with Medtronic and Abbott on relocating units

Govt working on financial package for all sectors amid Covid outbreak

Union Minister for MSME and Road Transport and Highways Nitin Gadkari said "a package is going to be declared".

Delhi govt launches e-token for purchase of liquor to avoid overcrowding

When liquor shops opened in the national capital on Monday after 40 days of lockdown, rush and long queues were witnessed and police had to resort to mild baton charge at some places

NHAI asset sale plan to be delayed due to Covid-19 outbreak: CRISIL

Response from investors is expected to be lukewarm

UP amends Mandi Act to facilitate direct procurement from farmers

Farmers allowed to sell 46 fruits and vegetables directly without bringing them to mandis

Vehicle scrap policy soon; roads building worth Rs 15 trn in 2 yrs: Gadkari

The much-awaited vehicle scrappage policy is awaiting final clearance from the Union Cabinet

Experts fear massive 40% fall in April GDP, call for unlocking of economy

"There are some signals... the global markets are fearing that India is going to slide into a controlled economy which is very damaging," said former Chief Economic Advisor Kaushik Basu

Gadkari sets road construction target for next two years at Rs 15 trillion

Directs officers to finalise auto scrapping policy quickly

Covid-19: NHAI's asset monetization to take a hit, InvITs face delays

NHAI invited bids for the fourth TOT contract in October 2019 and expected to raise over Rs 4,000 crore by offering a total of 7 road stretches, with a cumulative length of 400 km

India may see renewable, roads mega sale once the lockdown is lifted

Renewable projects have been unable to find buyers and large scale investors lately

Increase e-purchase limit for NAFED to help farmers: Ajit Pawar to Paswan

As the next crop is soon expected to reach the markets if the NAFED doesn't purchase their onions on time the prices of onion will fall more, said Ajit Pawar

Top 10 biz headlines: Auto firms to start operations, labour issue and more

Here are the top ten business headlines on Thursday

Covid-19 impact: Karnataka to provide financial aid to migrant workers

Announces Rs 3,000 each for construction workers as part of a Rs 1,630 crore Covid-19 relief package

Covid-19 outbreak: Public transport may resume soon, says Nitin Gadkari

He, however, cautioned over maintaining social distance and adopting all safety measures like hand washing, sanitizing, face masks, etc while operating buses and cars