Page 1880 - Economy & Policy News

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

'Covid-19 hangs over future like spectre': RBI in Monetary Policy Report

While efforts are being mounted on a war footing to arrest its spread, Covid-19 would impact economic activity in India directly through domestic lockdown, the central bank has said

Industrial output at 4.5% in Feb, may shrink in March over Covid-19 crisis

The rise in the Index of Industrial Production (IIP) helped pull up cumulative growth in industrial output to 0.9 per cent in the April-February period of 2019-20,

RBI admits GDP forecasts prior to coronavirus outbreak were off the mark

RBI failed to gauge a greater-than-anticipated contraction in gross-fixed capital formation and continuing weak activity, especially in the rural areas.

Freeze asset quality norms to help borrowers, says RBI director Marathe

In a letter to PM Narendra Modi, RBI director said the lockdown, imposed to contain spread of Covid-19, and the earlier slowdown have disrupted operations of manufacturing units

Manufacturing firms want partial lift on Covid-19 lockdown to reduce losses

Most of the exporters have the required manpower and had sourced the raw material before the lockdown. All they need now is permission to produce their goods

Coronavirus impact: Naredco seeks $200 billion stimulus package from govt

Naredco president Niranjan Hiranandani calls for six-month suspension of insolvency law, wants stimulus package for all industries put together to be at least 10% of GDP

Iron ore shipments from ports up by 43% in FY20, 50 MT transported till Feb

Iron ore has recorded a spurt of 43 per cent in volumes, registering the highest growth among all commodities

ESIC reserves 2152 hospital beds for coronavirus patients' treatment

This constitutes for around 10 per cent of the total 21,931 hospital beds which ESIC had till March 2018 (latest publicly available data).

Coronavirus impact: DBS revises India's GDP estimate to 1.5% for FY21

The development comes a day after American brokerage Goldman Sachs revised its forecast for the country's real GDP growth to 1.6 per cent