Page 1852 - Economy & Policy News

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

With steep hike in excise duty on fuel, govt to rake in Rs 1-1.6 trn

The fuel consumption is estimated to decline 10-20 per cent during fiscal year 2020-21

Covid-19: As state govts defer or cut pay, employees prepare for battle

Some states ruled by the BJP have been cautious about giving state government employees any cause to complain

Govt leans on unions to make workers stay back in cities as economy sinks

Labour Secretary says focus should now be on reviving industry and gradually opening up the economy, so that there are adequate employment opportunities

New report raises fresh concerns over govt's Aarogya Setu application

The Centre has made the downloading of the app mandatory vide an order dated May 1, 2020 in all public and private offices, as well as in containment zones.

Centre pulls up West Bengal for suspending trade on Indo-Bangla border

Operations at Petrapole checkpost in the Bongaon area of North 24 Parganas district was closed as protests erupted after rumours of Bangladeshi labourers carrying the virus

Govt working on reforms in sunrise sectors to make India export hub: NITI

Amitabh Kant, NITI Aayog CEO, listed healthcare, education, mobility, genomics, AI, 5G network, fintech and manufacturing as high priority areas for rapid and radical structural reforms.

UP, Karnataka, TN hike duty on liquor as buffer for Covid-19 loss

UP govt also raises tax on petrol and diesel

Covid-19 lockdown wipes out service activity in April, PMI drops to 5.4

As many as 97 per cent of the 500 companies surveyed by IHS Markit, which conducts the survey, reported a fall in output

Trai begins open house talks, dialogue on floor price tariffs unlikely

The Telecom Regulatory Authority of India (Trai) source said the regulator may soon come out with a consultation paper dealing with bill shocks in international mobile roaming

Karnataka announces Rs 1,610 cr package; hikes excise duty on liqour

The state government has decided to announce a relief package for farmers who were not able to market their produce

Tamil Nadu industries resume production, slow and steady

Automobile companies use half of their workforce and ensure social distancing as lockdown is eased

93% India Inc. workers stressed about returning to office: FYI Survey

Employees fear on account of their health being compromised and that needs to be managed on priority

Covid-19 may prompt states to hold on to revenue sources outside GST

Given the states limited capacity to mobilise revenues, it will be difficult to bring oil, fuel and tobacco under the purview of GST in the near future

Toll collection likely to decline 17% if lockdown extended, says CRISIL

Toll collection has restarted since, but there is unlikely to be a V-shaped revival in traffic after the lockdown ends - probably - on May 17. There will only be a gradual return to normalcy

Lockdown impact: UP approves 66 special trains to ferry stranded labourers

Yogi government has estimated return of a million labourers in 2 months

Three UPA-era initiatives prove crucial in Modi govt's war on Covid

While they provide a social security for India's poor and destitute, all three have undergone significant changes for better or worse, under the NDA regime

Tough times for sugar mills as demand from business consumers dwindles

Low offtake of sweetener as cold drink units, ice-cream factories, and sweet shops remain shut due to lockdown. No offtake from liquor plants, paper units and OMCs for byproduts either

Why India must chance raising debt despite risk of a sovereign downgrade

Vast attention to debt by rating agencies may be exaggerated, as every key economy is borrowing heavily. It is the pace of post-pandemic economic recovery that will interest foreign investors

Covid-19 economic impact to be much greater than assessed earlier

Large-scale contraction across sectors in April; which way the GDP will go depends largely on how long the lockdown stays