Page 1867 - Economy & Policy News

Two reforms India might like to expedite after the Covid-19 crisis is over

A fully-integrated farm market, more local markets and multiple-location ration cards could have alleviated the problems of migrants, farmers, traders, transporters and FMCG firms at the outset

Migrant labourers help Uttar Pradesh clock 77% rabi crop harvesting

This comes on the back of Adityanath government's announcement to provide local level jobs to the migrant labourers, who were forced to return to the state after nationwide lockdown was imposed

Home ministry issues SOP to streamline change of crew at Indian ports

Sign-on/sign-off procedures specified for merchant shipping vessels; seafarers to intimate travel and contact history for last 28 days to ship owner or RPS agency

Calibrated monetary, fiscal stimulus on anvil: Principal Economic Advisor

International passenger travel would remain shut for a long time, not for weeks but for months, he said citing examples of sectors which will continue to be non-functional

Up to Rs 5 lakh fine, 7-yr jail term for attacking Covid-19 health workers

The move comes in the wake of reports of assaults on healthcare workers at some places in the country, including in Madhya Pradesh, Rajasthan, Uttar Pradesh, Tamil Nadu, and Karnataka.

Indian crude oil basket follows global trajectory, falls to record low

The March average of Indian Basket price was lowest in the last 15 years at $33.36 a barrel last month

Govt plans another excise hike on petroleum products to offset revenue loss

No immediate hike, marginal increase likely to be implemented only after lockdown is lifted

Covid-19: Global pvt wealth takes a hit; India sees 20% dip in Jan-March

India sees 20 per cent drop in total wealth in January-March 2020 period; fares worse than global drop of 15 per cent

Another excise hike for petroleum products on cards to offset revenue loss

No immediate hike, marginal increase likely to be implemented only after lockdown is lifted

Coronavirus spread to weigh on domestic ports and logistics sectors

At present, sectors like warehousing, trucking, and last-mile delivery, are facing several challenges. Labour shortage has turned out to be the biggest one, across segments.

Covid-19: Kerala to boost agriculture amid fears of prolonged impact

"The state needs large scale interventions to increase the output of food grains, fruits and vegetables," said Chief Minister Pinarayi Vijayan

UP govt urges Centre, RBI to remove sugar sector from negative list

ISMA had also written to the different central government departments and the Prime Minister's Office (PMO) seeking a slew of reliefs for the beleaguered sector

GI Council warns against experts deceiving policyholders on Covid-19 claims

Normally, business interruption losses are covered under property damage policy

Why the current scenario demands a mid-year economic review on priority

Impact of over-leveraging by companies on the banking sector and disruption caused by Covid-19 make for extremely unpredictable times

Global CEOs see U-shaped recession, fear death of some brands: Study

11 per cent of chief executives see coronavirus as a risk to the survival of their firm, while a further 40 per cent say the pandemic poses a severe threat.

Covid-19 crisis and the problem of plenty for India's fuel sector

The plummeting demand for energy across the board is causing a major headache for the sector will be how to balance its limited storage capacity

Labour ministry takes up concerns on mandatory health covers with FinMin

CII seeks clarification on coverage amount, wants medical insurance made compulsory only for those not covered under corporate group policy or ESIC

Livelihoods at stake for millions as employment crisis gets the coronavirus

India's economy, even when it is growing, doesn't create enough quality jobs, and a nationwide lockdown to contain Covid-19 has created an employment calamity, writes Mahesh Vyas

Agriculture minister joins G-20 meet over Covid-19 impact on food safety

The G-20 Agriculture Ministers virtual meeting was organized through video conferencing by the Saudi Presidency to deliberate on the ways and means of ensuring continuity of the food supply

Lockdown hits production of anti-TB drugs, health min seeks to ban export

In a letter to various departments, the health ministry has said the "situation calls for extraordinary measures" to make sure that TB patients do not face challenges in diagnosis or treatment.