Page 1885 - Economy & Policy News

The coronavirus crisis: How the world is dealing with the pandemic

As the world's major economic powers struggle to contain the pandemic, the global economy stares at a recession that's worse than even 2008

India ports at sea: Cargo handling sinks as coronavirus scuttles economies

Cargo handling at major ports grew 2.8% in FY19, but it grew just 1.4% in FY20 till February end

Covid-19: APAC firms likely to face nearly 33% carve-out acquisition delays

A carve-out is the partial divestiture of a business unit in which a parent company sells minority interest of a child company to outside investors.

Covid-19 impact: 195 mn full-time workers may lose jobs globally, says ILO

Huge losses are expected across different income groups, especially in upper-middle income countries (7 per cent, 100 million full-time workers), said the ILO

Get ready for social distancing when you fly next after lockdown ends

From elimination of middle seat to thermal screening air travel to see new normal

Cash-starved and desperate, states borrow at steep rate in lockdown

According to the schedule, 19 states had lined up to borrow up to Rs 37,500 crore, but they managed to raise Rs 32,560 crore.

Govt set to release Rs 20,000 cr pending GST compensation to states soon

second fiscal stimulus likely to be announced soon

90% of trucks in India are now off roads amid coronavirus lockdown

Daily movement of trucks has collapsed to less than 10 per cent of normal levels, according to All India Motor Transport Congress

Indian tea exports may decline by up to 8% over Covid-19 outbreak

Exports under pressure as major buyers battle Covid-19

RBI increases overdraft period of states, UTs until September 30

The number of days for which a state or UT can be in overdraft in a quarter has been increased to 50 working days from the current stipulation of 36 working days, the RBI said.

Hurdles remain despite coronavirus lockdown exemption for farming

Challenges remain on the ground. Curfew passes are also difficult to obtain from DMs, collectors

States can borrow Rs 3.2 trillion in April-Dec after discussions with RBI

The amount that the states have been given permission to raise through open market borrowings is a little more than Rs 3.2 trillion.

Coronavirus lockdown: Uneasy calm hangs over New Delhi Railway Station

Now only 45-50 goods trains pass through the country's second busiest station

No cold turkey start: Experts want phased exit from coronavirus lockdown

Pronab Sen, former chief statistician, pointed out, "In the unaffected districts, we should open up the lockdown but not allow movement out of these areas.''

Manufacturing industry gears up for life after coronavirus lockdown

Industry hopes for return of labour, smoothening of supply chain, lowering of inventory

Manufacturers will struggle to get labour back after lockdown is lifted

Factory workers can only be brought back if there is assurance of advance payment and compensation, besides safety at the workplace, say manufacturers.

Covid-19 impact: Indian economy likely to grow 2% in FY21, says Icra

The rating agency said nationwide lockdown announced to contain the coronavirus outbreak has impacted industries

Govt may need Rs 5 trn more to boost economy hit by Covid-19: Subhash Garg

He also suggested that the government should directly borrow it from the RBI instead of borrowing from the market

Around 80,000 jobs expected to be cut due to coronavirus lockdown: Report

The expectation of retrenchment of 20 per cent of employees by those featured in the survey amounts to 78,592 people.

RBI relaxes overdraft facility norms for states, UTs until September 30

The number of days for which a state/ UT can be in overdraft in a quarter has been increased to 50 working days from the current 36 working days