Page 1876 - Economy & Policy News

Top headlines: Extra re-payment burden for India Inc, weak PV sales, & more

Business Standard brings to you the top headlines of the day

India to buy Harpoon missiles, lightweight torpedoes from US for $155 mn

While the Harpoon missiles will be manufactured by Boeing, the torpedoes would be supplied by Raytheon

Covid-19 lockdown: 12-hr workday in Rajasthan factories, Punjab may follow

State invokes powers under Factories Act to extend maximum hours to 12 from eight earlier; Other states may follow as move is aimed to ensure production isn't impacted due to reduced workforce

India tightens curb on refined palm oil import with more conditions

India, the world's largest importer of vegetable oils, buys nearly 15 million tonne annually

PM Modi to make it official today: Lockdown will stay with caveats

But, even if lockdown restrictions are eased, labour remains the biggest challenge for both agriculture and industry.

Coronavirus outbreak: A 21-day lockdown may have cost India Rs 8 trillion

The sectors that have been most impacted are transport, hospitality, and real estate

Covid-19 impact: States borrow Rs 12,128 cr from bond market at lower rates

The cut-off yield for 10-year state development loans was at 7.60-7.65 per cent, whereas the 10-year government securities closed at 6.50 per cent.

Only Ayushman Yojana beneficiaries can be tested for free in pvt labs: SC

The top court said it never intended to make testing free for those who can afford to pay.

Coronavirus impact: Confusion, despair grip MSME cluster in Okhla

A sense of hopelessness pervades the streets in Delhi's Okhla, with row of parked trucks and an ominous silence

Covid an invisible assassin, preserve stability, arrest slump: MPC minutes

They noted that the pandemic hadn't destroyed the economy's production capabilities, and once the situation starts normalising, domestic demand would need to be stimulated swiftly

Liquidity infusion, e-project award top RoadMin revival plan after lockdown

The government will give thrust to the use of technology for speeding up project awards, so that the impact of time lapsed due to the coronavirus disease crisis can be minimised

India Inc leans less on foreign debt as weak rupee makes servicing costlier

With the Indian unit having shed 10% to the dollar since January, companies raised $5 bn in March quarter of 2020, against $8.8 billion in the year-ago period

Passenger vehicle sales plunge 51% in March over coronavirus lockdown: SIAM

CV sales dip by as much as 89%, overall auto sales down 45%

Working capacity at 25% may be unviable as industry awaits end of lockdown

Auto component vendor Nippon Paint India said that at 25 per cent capacity, it will not even meet plant overhead costs, leave alone company overheads.

CPI inflation slows to 5.91% on easing food prices, may increase in April

Prices are likely to rise again in April, according to analysts, with the actual impact of the Covid-19 and the resultant lockdown yet to be fully seen.

As road sector gears up to resume work, uncertainty looms over compensation

As work came to a halt, mobilised equipment remain stranded with idling costs rising

Tamil Nadu sugar industry asks Centre to rework loans in wake of Covid-19

Sector says new drought-resistant, high-yield and high-recovery cane to be introduced next year

Tamil Nadu sugar industry asks Centre to rework loans in wake of Covid-19

Sector says new drought-resistant, high-yield and high-recovery cane to be introduced next year

Retail inflation slows down to 5.91% in March on easing food prices

The retail inflation based on Consumer Price Index (CPI) was 6.58 per cent in February 2020 and 2.86 per cent in March 2019

Lockdown: Chhattisgarh units reluctant to restart with state's riders

They say arranging transport and masks for workers is impractical, point out government's reluctance to provide power tariff exemption