Page 1860 - Economy & Policy News
Farm gate procurement among slew of reforms in MP as state amends Mandi Act
State joins other domains to reform farm marketing even as Centre adds 200 new mandis to e-NaM; five more states join 'One-Nation-One-Ration Card' scheme
 "Farm gate procurement among slew of reforms in MP as state amends Mandi Act")
India to cap stimulus package at $60 bn to protect credit rating: Report
Fitch warned India's sovereign rating could come under pressure if its fiscal outlook deteriorates further
 "India to cap stimulus package at $60 bn to protect credit rating: Report")
Soft crude oil prices to lower working capital requirement of OMCs
According to CARE Ratings, the impact of a fall in crude oil price owing to the coronavirus (Covid-19) pandemic on the domestic downstream sector would not be as severe as it is on the upstream sector
 "Soft crude oil prices to lower working capital requirement of OMCs")
Facilitate steel sector's growth to review economy post-lockdown: FICCI
FICCI further recommended subsidising railway freight by an additional 15 per cent for the next six months with a change in class of iron ore from 160 to 145
 "Facilitate steel sector's growth to review economy post-lockdown: FICCI")
Haryana accords approval to partially restore VAT on sale of diesel, petrol
The increase in the rate of tax would be Re.1 per litre in the case of Petrol and Re. 1.1 per litre in case of Diesel, the state government said.
 "Haryana accords approval to partially restore VAT on sale of diesel, petrol")
Haryana accords approval to partially restore VAT on sale of diesel, petrol
The increase in the rate of tax would be Re.1 per litre in the case of Petrol and Re. 1.1 per litre in case of Diesel, the state government said.
UP govt to borrow Rs 2,000 cr for paying farmers during wheat procurement
Adityanath-led government is targetting procurement of 5.5 million tonnes of wheat
 "UP govt to borrow Rs 2,000 cr for paying farmers during wheat procurement")
Non-subsidised LPG cylinder price slashed by over Rs 160; check rates here
This is a third straight monthly reduction in the price of LPG cylinders and comes on the back of falling international rates
 "Non-subsidised LPG cylinder price slashed by over Rs 160; check rates here")
First special train with 1,200 migrants runs from Telangana to Jharkhand
The decision on running more trains will be taken after a final MHA notification, likely to come on Friday or Saturday
 "First special train with 1,200 migrants runs from Telangana to Jharkhand")
Three factors that will shape the course of economic activities going ahead
According to Dun & Bradstreet's latest Economy Forecast, the changes in consumer behaviour will determine the segments that are likely to flourish after the pandemic is brought under control
 "Three factors that will shape the course of economic activities going ahead")
Lockdown extension beyond May can lower growth to zero, says CRISIL
The sharp deceleration in growth and increased income uncertainty is certain to pull demand down, it says
 "Lockdown extension beyond May can lower growth to zero, says CRISIL")
Tarun Bajaj takes over as Economic Affairs Secretary; replaces Chakraborty
Prior to taking over this post, he was the Additional Secretary in Prime Minister's Office.
 "Tarun Bajaj takes over as Economic Affairs Secretary; replaces Chakraborty")
India business most affected due to coronavirus lockdown: Amazon CFO
Last month, the government said e-commerce platforms would be allowed to sell only essential items during the lockdown
 "India business most affected due to coronavirus lockdown: Amazon CFO")
Covid-19 impact: Companies facing cash crunch can delay EPF contribution
The EPFO said that companies are facing liquidity or cash crunch in paying their mandatory provident fund dues "even though they are retaining the employees on their rolls"
 "Covid-19 impact: Companies facing cash crunch can delay EPF contribution")
PM Modi holds series of meetings to boost economy amid coronavirus crisis
He reviewed the state of investments, the defence and aerospace sector and the mine and mineral sector
 "PM Modi holds series of meetings to boost economy amid coronavirus crisis")
FinMin modifies circular on one-day's salary contribution to PM-CARES Fund
A circular issued on April 17 had urged all the officers and staff of the finance ministry to contribute one-day's salary every month to the fund till March 2021, beginning from May 2020
Top 10 biz headlines: RIL results, FMCG mkt to see 'slowest' growth & more
Here are the top 10 business headlines this morning
 "Top 10 biz headlines: RIL results, FMCG mkt to see 'slowest' growth & more")
May Day brings little solace, as Indian workers stare at longer work hours
For the first time in one and a half centuries, workers will have to toil 72 hours a week in at least five states as govts try to restart production amid the nationwide lockdown
 "May Day brings little solace, as Indian workers stare at longer work hours")
Covid-19 outbreak: States face logistics nightmare to take migrants home
MHA asks states to ensure uninterrupted movement of trucks
 "Covid-19 outbreak: States face logistics nightmare to take migrants home")
DoT's 5G waves price proposal high: Finance ministry task force
The industry has unanimously raised the issue of high spectrum price. However, DoT adopted the spectrum rate as recommended by Trai.
 "DoT's 5G waves price proposal high: Finance ministry task force")