Page 1854 - Economy & Policy News

Vashi APMC traders see supplies to Mumbai impacted over movement curbs

Bar on inter-city movement. Those coming from Mumbai to Navi Mumbai will have to find a place to stay in Navi Mumbai itself

Centre raises excise duty on petrol by Rs 10 per litre, diesel by Rs 13

No change in retail prices as oil marketing firms to absorb increase

Covid-19 crisis: States tap liquor, fuel to fill coffers as revenues fall

The Delhi government has already imposed a Covid cess of 70 per cent on liquor and hiked petrol and diesel prices as the state got just Rs 300 crore in April

States so far distribute 61% of April quota under Garib Kalyan Yojana

Andhra, Bihar, Kerala, UP distribute more than 90% of the month's allocation to the poor

Excise duty on petrol raised by record Rs 10 a litre, diesel by Rs 13

The hike in duty has taken away gains from falling global crude oil prices

Airports likely to see $97 bn revenue loss in 2020 amid pandemic, says ACI

The decline in total airport revenues on a global scale is estimated to be $39.2 billion

Petrol, diesel get costlier as Delhi govt hikes VAT amid Covid-19 lockdown

Following the revision, the price of petrol in Delhi increased by Rs 1.67 to Rs 71.26 a litre and diesel by Rs 7.10 to Rs 69.29.

Bihar got most workers in special trains, West Bengal the least: Data

TMC MP and leader of the party in Rajya Sabha, Derek O'Brien, however, said the West Bengal government was doing "all it takes" to fight the Covid pandemic, and accused the Centre of playing politics

Finance Ministry, LIC start contact tracing to assess Covid-19 aid

At 2.7%, life insurance penetration in India is lower than Western & Asian peers

Centre misusing disaster laws to step on states' rights, say experts

The imposition of Section 188 in the Indian Penal Code for "disobedience to order duly promulgated by public servant" during the pandemic, was also seen by many as an overreach by the Central govt

Govt mulling introduction of import substitution policy, says Gadkari

The Minister for MSME and Road Transport and Highways said a policy on import substitution is being thought of in the wake of the economic situation created by the COVID-19 pandemic.

India's unemployment rate soars to 27.11% amid Covid-19 crisis: CMIE

The Mumbai-based think tank said the rate of unemployment was the highest in the urban areas

London-Delhi flight ticket to cost Rs 50,000: Govt on evacuating Indians

On arrival from abroad, all passengers will be screened and put under quarantine for a period of 14 days as a COVID-19 precautionary measure, Aviation Minister Hardeep Singh Puri said

Lockdown impact: Dip in electricity demand hits coal-fired power generation

During 2019-20, the average Plant Load Factor (PLF) tumbled to 55.5 per cent owing to a decline in power demand and increasing traction from renewable power sources

Lockdown impact: UP to reboot export oriented units, SEZs on priority

Chief Minister Adityanath directed officials to expedite the rebooting of these industrial plants apart from industries for which permissions have been granted under lockdown 3.0

Chennai MSMEs allege bias in grant of permission to restart operations

They say they may end up losing the orders on hand to units in other belts; may not be able to pay April wages; foresee law and order problem with agitated labour

IT professionals think worse coming in next 6 months: LinkedIn survey

One in three Indians have reported a decrease in their personal incomes, says 'Workforce Confidence Index' of LinkedIn.

Andhra hikes liquor prices twice in the trot as queues expand at stores

25% hike yesterday, another 50% today, both in the form of additional retail excise tax

Covid-19 may slow India IT and business service growth to 6.5% in 2020: IDC

The IT and business services market grew by 8 per cent annually in the second half of 2019

BofA Securities pegs PSBs recap requirement at Rs 52,990 cr - Rs 113,550 cr

BofA Securities believes one way to fund the requirement is via recapitalisation bonds.