Page 1859 - Economy & Policy News

RBI governor discusses NBFC liquidity, moratorium with bank chiefs

The meetings were also attended by deputy governors and other senior officers of the central bank, RBI said in a statement on its website

Six-fold increase in food grain transport by South Central Railway in April

It ran a total of 457 food grain rakes carrying 1.23 million tonnes of food grains mainly to various locations in Kerala, Karnataka, Tamil Nadu and West Bengal

PM meets Shah, Sitharaman for second stimulus package as lockdown continues

Small businesses, farmers, women, poor, migrant workers and other marginalised sections are likely to benefit from the second stimulus

Lockdown 3.0: Industry bodies welcome relaxations, some confusion remains

Reiterate demand for a stimulus package

Govt relaxes workplace norms for firms allowed to operate during lockdown

Firms to earmark quarantine facilities and ensure all employees download the government's contact tracing mobile application

Aarogya Setu mandatory in containment zones; private firms question move

Privacy experts and technology lawyers have long questioned the efficacy of using contact tracing apps at large scale without adequate testing for coronavirus (Covid-19)

Lockdown impact: Digital transactions nosedive in April, shows NPCI data

The value of IMPS (Immediate Payment Service) transactions in April fell to about Rs 1.21 trillion in April, from about Rs 2.02 trillion in March

New Economic Affairs secy has his work cut out to revive the economy

On Friday, Tarun Bajaj took charge as the economic affairs secretary, replacing Atanu Chakraborty,

Covid-19 outbreak: Now, place online orders in some districts amid lockdown

Though the new guidelines clearly spell out that only delivery of essentials will be allowed in red zones, permissions for orange and green zones are still not spelt out clearly

Edible oil prices to decline as demand destruction ushers in bearish phase

Shutdown of factories, hotels and restaurants, and a sharp decline in crude prices have all contributed to demand destruction.

May Day gift for migrants as trains take them home amid Covid-19 lockdown

Passengers will have to pay fare of sleeper mail express trains and Rs 30 super fast charge and additional charge of Rs 20 each.

Covid-19 crisis: PM Modi reviews aviation, power sectors' performance

Reviewing the power sector, the prime minister underlined its importance in propelling the economy. The need for an effective enforcement of contracts to attract private investment was also discussed.

Govt posts third-highest mop-up ever in gold bond sales this April

Physical sales were very limited due to the lockdown and sovereign gold bonds were one of the few avenues available to invest in the precios metal

India open to mutually benefitting alliance with interested nations: Goyal

The minister said India gives importance to 'the fair dealing and the reciprocity' while signing any multilateral agreements.

Even after partial easing of Covid-19 lockdown, power demand declines 25%

On a weekly basis, electricity generation is down 3% in the last week of April

Amid race to woo small traders, CAIT readies online portal for kiranas

Called bharatemarket.in, the announcement comes at a time when e-tailers Amazon and Flipkart and offline player Reliance Retail are trying to woo small traders

Train from Aluva to Bhubaneswar to take first set of 1,200 migrants home

6,000 litres of water, food for Day One of the journey arranged; Most of 360,000 'guest workers' staying in 20,826 camps at present want to head back home

Tirupur textile workers want ESIC to pay minimum wage as units remain shut

Write to PM Modi, Finance Minister to express their woes; Tirupur has about 500,000 direct and indirect employees

Govt defers release of April GST collection data amid Covid-19 lockdown

In 2019-20 fiscal, Goods and Services Tax (GST) collection had remained above the key Rs 1 trillion mark for 7 months out of 12

Barclays sticks to GDP projection of 0% in 2020; says lockdown 3 priced in

The government officially extended India's lockdown by another two weeks to May 17 on Friday evening