Page 1874 - Economy & Policy News

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.

India to get normal monsoon, says IMD as country battles coronavirus

Monsoon is crucial to rice, wheat, sugarcane and oilseeds cultivation in the country, where farming accounts for about 15% of the economy and employs over half of its people

Wholesale price inflation cools to 1% in March on sharp fall in food prices

Food inflation in March fell to 4.91 per cent from 7.79 per cent in the previous month, data released by the Commerce and Industry Ministry on Wednesday showed

Covid-19: Cabinet may approve proposal on EPFO contribution, withdrawals

The proposal to allow subscribers to withdraw 75% of their EPF contribution or three months wages

Covid-19: What govt's partial lifting of restrictions may mean for economy

With the Rabi harvest to reach its peak this month, allowing the free flow of labour and transport to enable sale of produce is a big step that has been taken

As migrants grow restless in lockdown, govt weighs cash transfer option

State governments told to expedite data collection of migrant labour

Top biz headlines: Govt's 2nd stimulus package, economic growth, and more

Business Standard brings to you the top headlines of the day

Covid-19 impact: Railway move to halt operations set to dent IRCTC earnings

The railways on Tuesday said all passenger train services, including premium, mail and express, suburban, Kolkata metro and Konkan Railways will continue to remain cancelled till May 3.

India to grow at 1.9% in FY21, recover to 7.4% path in 2021-22: IMF

The country will still be the fastest growing large economy this financial year, but it will lose that tag next year to China, says the agency.

Coronavirus outbreak: India plans ayurvedic trials on patients soon

On the preventive front, many states, including Haryana, Goa and Kerala, have started using ayurvedic medicines for asymptomatic patients and even frontline workers.

Hospitals committed to Covid cases, all other patients put on hold

Public health experts warn that unless a protocol is designed to handle the medical necessities apart from Covid-19, the country is set to see a sudden spike in deaths from preventable illnesses.

Experts, passenger associations want airlines to stop advance bookings

All airlines except Air India were accepting bookings for domestic flights beyond April 14 but now those would be cancelled as government extended the lockdown.

Wheat procurement season kicks off amid Covid-19 crisis, lockdown curbs

The entire marketing of rabi crops looks problematic due to social distancing norms and dearth of labour

Realty developers may see a 20% fall in housing prices, says Deepak Parekh

He said it was an excellent buying opportunity for potential homebuyers with job security and savings.

Covid-19 crisis: PM, FM to finalise details of second stimulus package soon

The stimulus package is expected anytime this week and will again be aimed at the urban and rural poor; disadvantaged sections of society; MSME sector; and some of the worst-affected sectors

Gujarat govt frees up supplies by relaxing APMC norms amid lockdown

Farmer need only bring samples of their produce; post auction they can mutually decide with buyers on whether delivery will be from the farm gate or from some agreed warehouse

Punjab, Haryana to begin wheat procurement with social distancing in mind

Haryana, Punjab take different routes to ensure social distancing at mandis

ICRA pegs GDP contraction at 10-15% in Q1 amid lockdown extension

Earlier, ICRA had expected GDP to fall by 4.5 per cent in the first quarter when lockdown was for 21 days till April 14.

India plans to fill strategic oil storage by third week of next month

India is moving the oil to the SPR to help the country's refineries reduce their excess crude as the lockdown to contain the Covid-19 outbreak has dented transportation and industrial fuel consumption