Page 1861 - Economy & Policy News

Covid-19 impact: Credit growth decelerates in almost all sectors in March

SBI, however, notes that incremental credit to industry is highest in 147 months

Covid-19 outbreak: How states are getting back to work amid lockdown

Several states are preparing to resume operations from May 4

India's defence cost: High on personnel and low on modernisation

The most recent Indian budgetary figures put India's defence expenditure for FY20 at $59.7 bn which is less than SIPRI's estimates and actually puts India at 5th, behind both Russia and Saudi Arabia.

Modi meets 3 cabinet ministers to get investments, lift economy in lockdown

Modi held a meeting with Home Minister Amit Shah, Finance Minister Nirmala Sitharaman, Commerce & Industry Minister Piyush Goyal and officials to discuss strategies to woo investors

National Infra Pipeline final report doesn't account for Covid-19 slowdown

Copy-pastes optimistic statements from interim report but removes GDP projections

Rs 65,000 cr package needed for poor, target is doable: Raghuram Rajan

Former RBI Governor responds to Rahul Gandhi's question, says GDP is Rs 200 trillion, and out of that 65,000 crore is not a huge amount

Govt may extend 'Vivad se Vishwaas' tax settlement deadline to September

Hopes for bettwe results post Covid-19 as revenue dept has not seen a single deposit owing to the disease outbreak

State refiners fill up India's strategic reserves with spare crude oil

Buying more crude to fill strategic capacity will benefit India as international crude oil prices are falling

India Inc may see 15% fall in profits in FY21, 10% revenue decline: Crisil

At present, the country is under a 40-day lockdown till May 3, and there are indications of it being gradually withdrawn.

Help policyholders get uninterrupted coverage: Irdai to general insurers

The non-life insurers decided to give a one-time relaxation to policyholders whose property has remained un-occupied and who are at risk of losing their coverage due to lockdown

Eight core industries' output shrinks 6.5% in March amid Covid-19 lockdown

The eight core sectors had expanded by 5.8 per cent in March 2019

Core sectors contract 6.5% in March, hit by coronavirus lockdown

The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP)

UP to explore alternative revenue sources to boost cash flow under lockdown

Adityanath asks officials to institute a committee in this regard

Lockdown: UP to explore alternative revenue sources to improve cash flow

Adityanath has asked officials to institute a committee in this regard

Rajasthan hikes excise duty on liquor to help finances amid Covid-19 crisis

This comes amid the Covid-19 pandemic, the State reported 2438 Covid-19 cases so far with 74 new cases reported on Wednesday.

Tamil Nadu sets up group to attract investors exiting China, other nations

State Chief Minister Palaniswami says industries from the US, Japan, South Korea, Singapore and Taiwan are planning to shift operations to countries like India

US in talks with India, other 'friends' to restructure supply chain: Pompeo

The novel coronavirus has infected over 3,193,960 people and claimed more than 227,640 lives across the globe

Rs 11.2 trn package needed to resurrect economy post-lockdown: Report

Acuite believes that a contraction in GDP in Q1FY21 aside, there is a significant downside risk to the growth estimates of 2-3 per cent for FY21 without the stimulus package

Entire sector may turn NPA, will need ventilator support: Retail body CEO

If the retail sector is supported with a package, it would have a positive ripple effect on the manufacturing sector and the supply chain, said RAI CEO Rajagopalan

India needs Rs 65,000 cr to save the poorest and their livelihoods: Rajan

Cyclical lockdown will diminish credibility and be devastating for economic activity, cautions the former RBI governor