Page 1873 - Economy & Policy News

Covid-19 lockdown 2.0: Need govt support to keep units open, say MSMEs

On Tuesday, MSME Minister Nitin Gadkari had stated during a meeting that unpaid dues of MSMEs at the central and the state levels will be released at the earliest.

Idling trucks, staff shortage: Bottlenecks for industries amid lockdown

Close to 3.5 million trucks (along with their drivers and assistants) are off the road - some because of manpower shortage, and some because they are stuck in various parts of the country.

India agriculture output lone bright spot in an economy set to shrink

Farm sector growth will top 3 per cent in the year started April 1, Ramesh Chand, an adviser to PM Narendra Modi, said in an interview.

Centre allows industry, road work and MGNREGA to start in rural India

Experts say unless the implementation is monitored properly at the ground level, much of the easing out could just remain on paper

India GDP projections by World Bank, IMF too optimistic: Ex-CEA Subramanian

As per the World Bank's latest assessment, India is expected to grow 1.5 per cent to 2.8 per cent during the current fiscal due to the impact of the Covid-19 pandemic and consequent lockdown

A peek into the inner functioning of the Indian govt during Covid-19 crisis

PM Modi has tried to make inter-departmental functioning the new norm in GOI on several occasions; Covid-19 might just seal it

April 20 plan: Govt to meet with lenders on revival of economic activity

Action plan will have two phases: one for lockdown period when the economy activities resume, from April 20 to May 3, and the second after the lockdown period is over

Covid-19: Norms relaxed, plantations see hope for tea and rubber processing

Plan to be ready for demand whenever lockdown ends, though manpower crunch is still an issue

Buses needed as govt frames business rules during coronavirus lockdown

Millions of migrant workers have left cities for their homes during the pandemic.

Lockdown: Sugar mills face working capital crunch as consumption dips

Industry seeks allocation of special fund to clear pending export subsidy

Services exports growth flattens at sub-7% in Feb amid coronavirus crisis

The exports stood at 17.73 billion in February.

New strategies to expand Covid-19 testing at affordable costs as cases rise

Pvt labs seek approval for protocol on patient sample pooling; faecal testing also considered

Govt guidelines on resuming work may come as a burden to companies: Experts

Rules on sanitisation, social distancing and other aspects could bump up operational costs for companies

Railways to forgo Rs 1,490 cr for cancellation of 9.4 mn ticket bookings

Another amount of Rs 660 crore will be returned for around 3.9 million bookings made for travel between April 15 and May 3, they said

Coronavirus impact: Decline in merchant power prices to hit IPPs

Spot prices of merchant power declined to as low as Rs 2 per unit during the Covid-19 lockdown

India's exports fall almost 35% in March, drop 4.78% in FY20

Trade deficit narrowed to $9.76 billion in march this year from $11 billion in the same month last year.

How states are dealing with lockdown-driven delay in harvesting Rabi crops

Since the supply chain has several functionaries and operations, effectiveness of the relaxations will depend on how well they are implemented, while ensuring Covid-19 precautions aren't violated

Fuel demand to go up after govt allows some industries to resume operations

Petrol and diesel sales dropped by more than 66% and ATF consumption collapsed by 90% after the nationwide lockdown shut factories, stopped road and rail transportation and suspended flights

Resource-starved states cry foul, demand fresh funds and dues from Centre

They also ask permission to widen their fiscal deficit beyond 3% of their respective state GDPs

Govt extends for third time bids to explore 11 oil and gas blocks

The government has awarded 94 blocks in four rounds for exploration in the last two-and-a-half years.