Page 1884 - Economy & Policy News

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.

40-60% drop in air passenger traffic likely in FY21 amid Covid-19 crisis

Private joint venture airports (seven of them), including Mumbai, Delhi, Bengaluru, and Hyderabad accounted for over 54 per cent of the 349 million passengers in CY19.

All govt departments told to cut expenses by 60% amid coronavirus outbreak

Each department has to make the "savage cuts" by redoing the Budget maths.

Hit by coronavirus lockdown, residential builders stare at a bleak 2020

CREDAI-MCHI, a body of developers in Mumbai, has pegged the drop in sales booking at around 80 per cent in the February-March period this year

Coronavirus lockdown: Rs 1-trn stimulus package for MSMEs on cards

The new package aimed at MSMEs could include increases in the limits of bank loans for working capital needs, hiking threshold limits for availing of tax exemptions

Covid-19 testing picks pace as pvt labs asked to take some samples for free

Asymptomatic patients, who were confined to their homes, are likely to start showing symptoms and massive testing is the only way to identify and isolate them.

Coronavirus impact: Logistics firms face hurdles in transporting cargo

The most impacted have been truck drivers, who have had to bear the ire of the authorities and face stigma in their villages.

Shipment of foodgrain, flour, and pulses grow 148% in first week of FY21

Except for foodgrain, flour and pulses, transport of all other commodities showed negative growth

I-T Dept to release all pending tax refunds up to Rs 5 lakh immediately

The move is aimed at helping many overcome cash crunch due to nationwide lockdown, and is expected to benefit 1.4 million taxpayers

Goldman Sachs slashes India's FY21 real GDP growth forecast to 1.6%

While the fiscal easing so far has been limited, they do expect more fiscal measures by the central and the state governments.

Pending tax refunds up to Rs 5 lakh to be issued immediately: I-T Dept

"It has also been decided to issue all pending GST and Customs refunds which would provide benefit to around 100,000 business entities, including MSMEs," the I-T department said

Coronavirus lockdown: Textile industry stares at Rs 12,000 crore loss

While the Covid-19 pandemic has completely halted production and new orders, exporters say that payments have also been delayed for the shipments sent before the lockdown.

As coronavirus lockdown paves way for work from home, internet gets clogged

The average mobile phone data speed nowadays is down over 20 per cent. Fixed broadband has seen an eight per cent decline in speed.

Coronavirus impact: Fin Min allows states to borrow Rs 3.2 trn from market

The ministry said that the Centre has decided to permit states to raise open market borrowing on the basis of 50 per cent the Net Borrowing Ceiling fixed for the year 2020-21

India Inc seeks Rs 2 trillion in govt relief as lockdown hits businesses

The demand comes in the wake of businesses and industry taking a hit as India entered the third week of the 21-day nationwide lockdown