Page 1879 - Economy & Policy News

Foreign exchange reserves decline $902 million to $474 billion: RBI data

The gold reserve also declined by $340 million to $30.55 billion in the reporting week, the RBI data showed

Covid-19 lockdown: Ficci urges easier norms for manufacturing to resume

Industry body wants package for labourers, protection against imports and military support for delivering essentials

Covid-19: Synthetic textile companies seek financial package to pay wages

The demand comes in the wake of closure of factories, wholesale and retail outlets due to the nationwide lockdown announced by the government on March 25

Over 15 million jobs at stake unless package announced immediately: FIEO

Need interest free loans, limited opening of manufacturing units soon, the Federation of Indian Export Organisations said

Capacity utilisation of FMCG firms at less than half over weak consumption

Capacity utilisation, they said, varied between 20 and 40 per cent at their units, hardly good news for a sector that was looking to recover from a general consumption slowdown

Vegetable & fruit arrivals at mandis see sharp decline amid lockdown

In a report, Credit Suisse pegs decline at 50-95% YoY

G-20 energy ministers bat for cheaper energy supplies to support healthcare

The G20 Energy Ministers' focused on ways and means to ensure stable energy markets, which are affected due to demand reduction as result of coronavirus pandemic

Contributed to PM-CARES fund from your salary? I-T notice you must know

Donations made to the Prime Minister's Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund are eligible for 100 per cent deduction u/s 80G of I-T Act

CISF proposes staggered flights, changes in check-in process

Calls for closure of check-in counters two hours prior to departure to avoid crowding and maintaining social distancing

Covid-19: India to export HCQ to foreign govts, not private firms: Report

In a telephonic conversation with Prime Minister Narendra Modi last week, US President Donald Trump had sought supply of hydroxychloroquine to the US

ADB assures $2.2 bn support package to India to fight Covid-19 pandemic

The bank is also engaged with the private sector to meet its financing needs during this period, ADB said in a statement

Risks, and some rewards, as India does business in the times of coronavirus

Will China's loss in meeting demand from the US and Europe help Indian businesses like leather, ceramics, and plastics? And if it does, will the gains be sustainable?

Covid-19: World faces worst crisis since Great Depression, says IMF chief

However, Georgieva added this ominous caution: "It could get worse." There is "tremendous uncertainty around the outlook" and the duration of the pandemic, Georgieva said

Centre sails through this fiscal's first borrowing of Rs 19,000 crore

The 10-year bond yields closed at 6.49%, which is more than 200 bps above the policy repo rate

Covid-19 impact: Punjab govt clears 20 mn metric tonnes of grain stock

In order to ensure food availability to the poor amid Covid lockdown, the Centre is giving an increased allocation of 5 kg food grains per person and one kg of pulses per household

Delhi govt asks trade unions to help find labour amid coronavirus outbreak

State governments, particularly those like Delhi that witnessed an exodus of migrant workers after the lockdown was announced

Coronavirus to derail affordable housing segment's growth momentum

The current situation has sparked fears around income generation and employment which are going to put further strain on the sales

Agriculture ministry raises daily purchase limit of oilseeds, pulses

Increases daily limit to 40 quintals per farmer a day, from earlier 25 quintals

Coronavirus lockdown: IOC raises LPG imports by 50% amid rise in demand

The company said that the move was to ensure uninterrupted availability of bulk LPG for its bottling plants.

Covid-19 impact: Govt begins mapping of migrant workers for relief measures

The government wants to create a database of millions of such workers to ascertain whether a relief package could be announced for the most affected segment of the workforce