Page 1886 - Economy & Policy News

Covid-19 impact: Farmers panic as onion slips to season's lowest of Rs 3/kg

Rush to sell even below cost of production amid fear of spoilage as Lasalgaon mandi is closed

Rupee payment permissible for exports to Bhutan, says expert

If you are able to satisfy the Customs that you had valid reasons to do so, there may be no adverse implications

NHAI constructs highest ever total of 3,979 km national highways in FY20

However, the authority stopped short of meeting its target of 4500 km for the current fiscal, which effectively translates into 12.32 km per day as against the accomplishment of 10.9 km per day.

India's growth may slip below 3% in FY21 if coronavirus proliferates: KPMG

The KPMG report presented three scenarios to explain the economic effects of COVID--19

Rupee payments allowed for exports to Bhutan under RBI guidelines: Expert

Acceptance of LUT for supplies of goods or services to countries outside India will be permissible irrespective of whether the payments are made in Indian currency or convertible foreign exchange

Domestic air traffic to fall from 140 mn to 90 mn due to covid-19: CAPA

"The second quarter is historically the weakest period for demand and hence airlines are only likely to limp back into recovery," aviation consultancy CAPA India said on Monday

Supply constraints to funding woes: Health start-ups in the age of Covid-19

Several have been hit by a large-scale migration of workers which has caused labour shortage. So while demand is high, supply is the pain point

Coronavirus-hit meat exports dent India's bio-diesel industry too

Animal tallow, a by-product of meat, is key raw material in the manufacture of bio-diesel

Sugar mills seek third ethanol supply tender from OMCs on production spike

The factories were able to supply only a third of OMC requirements in the second tender

Rajan calls Covid-19 'economic emergency', advises govt to invite experts

Raghuram Rajan also cautioned that driving everything from the Prime Minister's Office, with the same overworked people, may not be a suitable idea

AP govt starts direct purchase of paddy from farmers amid Covid-19 lockdown

State's intervention provides interim platform for farmers to sell their Rabi produce at MSP and avoid distress sales when all market yards are shut

Covid-19: Shoring up states financial muscle in times of a crisis

According to the RBI's indicative calendar for borrowing by the states in the April-June quarter, they are expected to borrow Rs 1.27 trillion

Covid-19 pulls India's service sector into contraction mode in March: PMI

The IHS Markit India Services Business Activity Index was at 49.3 in March, down from February's 85-month high of 57.5

NITI Aayog seeks help from NGOs, UN, industry bodies in combating Covid-19

The initiative is being undertaken by the empowered group, constituted on March 29 under the Disaster Management Act 2005 and headed by Amitabh Kant, CEO, Niti Aayog

Market volatility challenge to PNB HFC's equity plans, says ICRA

Further delay in fundraising will postpone the expected improvement in the leverage profile and limit the cushion available for absorbing contingencies

New defence procurement policy gets mixed reaction from industry

The MoD has invited suggestions and recommendations by April 17. After that, DPP-2020 will be promulgated and will govern all acquisitions initiated thereafter

GSTN provides work from home access to more than 1,700 tax officers

This has provided officers a secured access to work on various GST applications such as processing of registration application, refund application, audit, assessment, appeal etc

Treat coronavirus-related tax concerns as exceptional, says OECD

The work scenario has changed across the world due to Covid with most employees working from homes while others may have got stuck in foreign countries because of the lockdown

Statsguru: From auto sector to GST mop-up, economic impact of Covid-19

The Latest data on most economic indicators is available till February, while the real economic impact of Covid-19 came in March.

Coronavirus impact: States can now borrow up to 50% of limit in April

Centre's resource crunch owing to dwindling revenues prompts move