Page 1881 - Economy & Policy News

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

Lockdown: Govt may soon allow courier, parcel services to function

The Centre will also discuss the issue with states for allowing partial operation of manufacturing units in the country

India's air passenger traffic records 3-5% negative growth in FY20: Icra

A gradual recovery in domestic traffic is expected once the commercial air services are restored

Industrial output grows 4.5% in February; highest in 7 months

The production contracted by 1.4 per cent in August, 4.6 in September and 6.6 per cent in October last year

Centre okays Rs 15,000 cr fully funded emergency health package for states

The project named 'India COVID-19 Emergency Response and Health System Preparedness Package' will be implemented in three phases

Petrol, diesel demand slumps 66%; ATF down 90% as lockdown hurts business

The country's petroleum product consumption fell 17.79 per cent to 16.08 million tonnes in March as diesel, petrol and ATF demand fell

Gain some, lose some: What India's Covid-19 relief package means for biz

As India manages life under a 21-day lockdown, the government and the RBI have moved to help the economy and the poorest. A look at who gains from these moves and who loses out

Covid-19: India FY21 growth projection down 20 bps to 4.8%, says UN report

India's GDP growth for the fiscal year 2019-2020 was estimated at 5 per cent and is forecast to slow down to 4.8 per cent for the current fiscal 2020-21.

Brent can jump to $40 by 2020-end; India should stockpile crude oil now

While India will fill its caverns with crude, the lack of space means it's also an opportunity lost.

Covid-19 impact: Missing disinvestment targets will have consequences

Any slippage in disinvestment numbers combined with other revenue shortfall would mean the govt would have to borrow more in the market

Industry wants phased exit from lockdown, up to Rs 23 trillion package

While Assocham demanded Rs 15 trillion-23 trillion package, Ficci called for Rs 9-10 trillion

Top biz headlines: I-T relief, Rs 1 trn package for MSMEs, and more

Here are the top business headlines on Thursday

Govt moves to check over-the-counter selling of coronavirus drugs

Sensing serious health risks, the government has swung into action. Dispensing of these medicines would get stricter and states have started collecting information on available stock in the market

Coronavirus impact: Ipca, Cadila Healthcare stocks gain on India's HCQ move

Apart from the US, Brazil and Sweden have requested for the drug to battle the Covid-19 scare in their countries.

Can't miss peak April-June season due to coronavirus: Exporters to Centre

National-level exporters' bodies representing engineering goods, apparel, and electronics, among others, have written to the commerce department over the past two days

Direct benefit transfer need of the hour: Abhijit Banerjee, Esther Duflo

Banerjee said that there was no need to immediate need to transfer all the money, but there should be assurance from the government about such transfer in future

Coronavirus impact: Centre's borrowing won't be cheap this time

Wary of supply, bond dealers asked for sharp increase in rates from state governments during Wednesday's auction.

Govt unlikely to grant any package for industry to pay workers' salaries

"The government lacks the fiscal space. It will not be feasible to give grants to the industry to take care of its wage bills," sources said.