Page 1858 - Economy & Policy News
Lockdown 3.0: What next for the Indian economy and the stock markets?
Major industrial hubs like Delhi, Mumbai, Ahmedabad, Pune remain in the red zone, and hence, the relaxations given in lockdown extension may not make any material impact on the slowing economic growth
 "Lockdown 3.0: What next for the Indian economy and the stock markets?")
Top biz headlines: India Inc plays safe, IT clients fear data leak and more
Here are the top 10 business headlines this morning
 "Top biz headlines: India Inc plays safe, IT clients fear data leak and more")
Finance Ministry sees FY21 economic growth at 2-3% amid Covid-19 outbreak
The internal projections of 2-3% are based on the Finance Ministry's current assessment of the economic impact of the nationwide lockdown, which is in its sixth week
 "Finance Ministry sees FY21 economic growth at 2-3% amid Covid-19 outbreak")
Covid-19 outbreak: No gold seizure by Customs in April amid lockdown
A recent study by the WGC said global gold demand during the Jan-Mar quarter grew just 1% to 1,083.8 tonnes
 "Covid-19 outbreak: No gold seizure by Customs in April amid lockdown")
Covid-19: Massive job, revenue loss lies ahead, says CII survey of CEOs
Based on the responses of more than 300 chief executive officers (CEO) across industries, the survey shows that a broad cross-section of firms foresee a delay in economic revival
 "Covid-19: Massive job, revenue loss lies ahead, says CII survey of CEOs")
NHAI to lean on private firms mostly for highways construction in FY21
NHAI targets to build 4,500-km highways in current fiscal year
 "NHAI to lean on private firms mostly for highways construction in FY21")
Statsguru: Key indicators point to grim economic outlook amid lockdown
PMI's services did contract, with trade, hospitality coming to a grinding halt, though the pace of fall in the index was not as steep as that of the core sector
 "Statsguru: Key indicators point to grim economic outlook amid lockdown")
Govt stares at high payouts as gold prices double over the last year
The first tranche of sovereign gold bonds will complete five years in November
 "Govt stares at high payouts as gold prices double over the last year")
Panic movement of migrant labour must not be encouraged: Ramesh Chand
Food prices in real terms will rise significantly this year helping growers, says NITI Aayog member Ramesh Chand
 "Panic movement of migrant labour must not be encouraged: Ramesh Chand")
Work relaxation amid lockdown fails to convince migrants to stay put
Most labourers are more concerned about getting on trains and buses to get back home, rather than returning to work
 "Work relaxation amid lockdown fails to convince migrants to stay put")
UP to prepare roadmap for labour reforms to fight coronavirus lockdown
The CM directed officials to issue the necessary advisory by tonight pertaining to the operation of the various industries during lockdown 3.0
 "UP to prepare roadmap for labour reforms to fight coronavirus lockdown")
AP to raise liquor prices by 25% with sales set to commence from Monday
When the liquor stores would open from Monday, the government would enforce the precautionary measures at stores to ensure that people coming to buy liquor follow social distancing norms
 "AP to raise liquor prices by 25% with sales set to commence from Monday")
Tata Motors, Ashok Leyland pitch for incentive-based scrappage policy
Tata Motors, which is the leader in the commercial vehicle segment, said the upcoming legislation should clearly define incentives as well as regulatory norms for disposing the old vehicles
 "Tata Motors, Ashok Leyland pitch for incentive-based scrappage policy")
Non-stop, 1200 passengers: 10 things you should know about 'Shramik Train'
Trains should have at least 90 per cent occupancy to operate
Railways issues guidelines for Shramik special train passengers
As per the guidelines issued by the Union Railways Ministry, Railways will print train tickets to the specified destination as per the number of passengers indicated by the originating state
 "Railways issues guidelines for Shramik special train passengers")
Low pollution levels have slowed spread of Covid-19: Medical expert
"Air pollution leads to higher incidents of lung diseases. Coronavirus is just an addition in the list of infections which people suffering from chest diseases are prone to"
 "Low pollution levels have slowed spread of Covid-19: Medical expert")
Govt working to identify key sectors for making India a manufacturing hub
The manufacturing sector contributes about 15 per cent in the country's economy and the government is aiming to increase it significantly
 "Govt working to identify key sectors for making India a manufacturing hub")
Biz activities significantly hit; recovery may take over a year: CII survey
45 per cent of the CEOs polled feel it will take over a year to achieve economic normalcy once the lockdown ends
 "Biz activities significantly hit; recovery may take over a year: CII survey")
ATF price slashed 23%, costs one-third of 'frozen' petrol, diesel rates
Aviation turbine fuel (ATF) price has been cut by Rs 6,812.62 per kilolitre, or 23.2 per cent, to Rs 22,544.75 per kl in the national capital
 "ATF price slashed 23%, costs one-third of 'frozen' petrol, diesel rates")
Refunds save the day for April direct tax collection; mop-up down 5%
Gross direct tax collection stood at Rs 41,556 crore in April, as against Rs 43,950 crore in the corresponding period last year
 "Refunds save the day for April direct tax collection; mop-up down 5%")