Page 1872 - Economy & Policy News
Foodgrain production target set at record 298.3 mn tonnes for 2020-21
Rice production target has been fixed at 117.5 mn tonnes, while the wheat production target has been kept at 106.5 mn tonnes
 "Foodgrain production target set at record 298.3 mn tonnes for 2020-21")
Covid-19 impact: Economic growth may fall to 1.1% in FY21, says SBI report
According to the SBI Ecowrap report, the extension of the lockdown would result in economic loss of Rs 21.1 trillion or 6 per cent of the nominal GVA
 "Covid-19 impact: Economic growth may fall to 1.1% in FY21, says SBI report")
PM reviews coronavirus impact on economy; govt considers another stimulus
The prime minister had on April 14 extended the nationwide lockdown till May 3 to check the rapid spread of the respiratory illness
 "PM reviews coronavirus impact on economy; govt considers another stimulus")
E-commerce platforms to sell mobiles, TV, fridge after Apr 20 amid lockdown
The delivery vans of the e-commerce companies will need permission from authorities for plying on the roads
 "E-commerce platforms to sell mobiles, TV, fridge after Apr 20 amid lockdown")
Dr Reddy's denies reports it is in talks with Gilead for Covid-19 antiviral
Patient groups urge govt to revoke Gilead's remedesivir patent in the wake of the crisis
 "Dr Reddy's denies reports it is in talks with Gilead for Covid-19 antiviral")
How will new lockdown guidelines impact different sectors of the economy?
The services such as aviation, hotels, malls, etc. would have to wait for a much longer time
 "How will new lockdown guidelines impact different sectors of the economy?")
Govt rules to revive rural economy in lockdown miss out details: Experts
Guidelines allow some farming from April 20 during the national lockdown to contain the coronavirus.
Top biz headlines: Exports fall at fastest pace, IMF concerns, and more
Business Standard brings to you the top headlines of the day
 "Top biz headlines: Exports fall at fastest pace, IMF concerns, and more")
RBI, Sebi split over default recognition; MFs, rating agencies seek clarity
In the absence of clarity, NBFCs are staring at huge repayment obligations at a time when their liquidity cover is declining
 "RBI, Sebi split over default recognition; MFs, rating agencies seek clarity")
Exports fall at fastest pace in 25 years in March amid Covid-19 outbreak
According to data released by the commerce and industry ministry, exports stood at just $21.4 billion in March, as massive broad-based decline plagued all major foreign exchange earning sectors.
 "Exports fall at fastest pace in 25 years in March amid Covid-19 outbreak")
Bring consistency in interpretation of MHA guidelines, say legal experts
Experts pointed out the guidelines should have been clearly worded to avoid divergence in its interpretation among various state departments
 "Bring consistency in interpretation of MHA guidelines, say legal experts")
EPFO defers March dues payment till May 15; provides break to 600,000 firms
The contributions towards social security schemes - run by Employees' Provident Fund Organisation (EPFO) - for March was due till April 15, which has been extended till May 15
 "EPFO defers March dues payment till May 15; provides break to 600,000 firms")
Gave $3.9 bn in assistance to 320 million: FM Sitharaman at G20 meet
Sitharaman also said that the policy measures undertaken by the Government of India, RBI and other regulators have helped in de-freezing the market and catalysing credit flows.
 "Gave $3.9 bn in assistance to 320 million: FM Sitharaman at G20 meet")
India's economy may see first contraction in 40 years on lockdown extension
The lengthening of the mandatory stay-at-home period to 40 days from 21 days will result in a direct output loss of more than 8 per cent over that time, according to Sonal Varma of Nomura Holdings.
 "India's economy may see first contraction in 40 years on lockdown extension")
Covid-19: India must ease fiscal stance amid health emergency, says IMF
Once the current economic situation improves, a more ambitious, credible medium-term fiscal consolidation path is needed to bring debt and interest expenditure down, the report said
 "Covid-19: India must ease fiscal stance amid health emergency, says IMF")
India's reduced GDP forecasts 'too optimistic': Ex-CEA Arvind Subramanian
Subramanian, along with public policy expert Devesh Kapur of Johns Hopkins University, was speaking at a webinar organised by National Council of Applied Economic Research.
 "India's reduced GDP forecasts 'too optimistic': Ex-CEA Arvind Subramanian")
Wholesale inflation dips to 4-month low of 1% on sharp fall in food prices
Economists said the low inflation had come amidst a low response rate, and was contrary to expectations of disinflation
 "Wholesale inflation dips to 4-month low of 1% on sharp fall in food prices")
Easing the Covid-19 lockdown: How states plan to implement guidelines
According to MHA guidelines, while states and union territories cannot dilute the protocols, they are at liberty to impose stricter measures according to the requirements of local areas.
 "Easing the Covid-19 lockdown: How states plan to implement guidelines")
What migrant labourers say in lockdown: 'work can wait, family cannot'
In the last few days, the restlessness of the migrant workers has spilled into the streets in major cities, including Mumbai, New Delhi, and Surat.
 "What migrant labourers say in lockdown: 'work can wait, family cannot'")
IMD revises data, says monsoon will arrive and withdraw late in many states
The met department has revised its monsoon onset and withdrawal dates over parts of India based on its extensive analysis of recent data
 "IMD revises data, says monsoon will arrive and withdraw late in many states")