Page 1887 - Economy & Policy News

Life insurance policyholders get 30 days more to pay premium amid lockdown

Irdai has already provided additional time for payment of renewal premium in case of health insurance policies and motor third party insurance.

Centre amends mining law, exempts several activities from green clearance

It said exemption from the requirement of environmental clearance shall also be given to removal of sand deposits on agricultural fields after a flood by farmers.

GSTN processed 10,077 new registrations, 7,876 refunds during lockdown

Till March 31, 2020, GSTN had enabled 1,748 tax officers from 18 states/UTs to access office through VPN, a secure way to access office networks.

India macroeconomic outlook set to worsen if lockdowns continue: Jean Dreze

According to Fitch Ratings, India may post in 2020-21 a GDP growth of 2%, the slowest since the economy was liberalised 30 years back.

Covid-19 crisis: Govt extends validity of e-way bills; gives relief in ITC

The Centre has also deferred the application of restricted input tax credit (ITC) of 10% under goods and services tax (GST), providing relief to industry

I-T dept extends deadline for filing TDS exemption forms amid lockdown

Forms 15G and 15H are filed by persons whose incomes are below the taxable threshold, to seek exemption from TDS on interest income.

Covid-19 crisis: IAS officers call for Rs 5-10 trn spending on health infra

Want extension of lockdown to stem spread of Covid-19

Microcredit crucial for low income households dealing with Covid-19 blow

Over 90 per cent of low-income households are employed in the informal sector, and they will be the hardest hit by the pandemic

Coronavirus: Railways designs 'doctor's booth' for zero-contact check-ups

The cabin will also have a wall-mounted side table for doctors to write prescriptions, study x-rays and test reports, the official added

Coronavirus: TAFE offers 3,000 tractors for rent-free use by UP farmers

Tractor major to provide tractor, farm implements for rabi season

Rough times for fisheries to get worse after Covid-19 lockdown is lifted

Fishermen simply aren't able to sell as several restaurants and markets are closed. Real impact to be felt after lockdown is lifted as annual fishing ban come into effect on April 15

Covid-19: Centre asks states to notify warehouses as market yards

Move will help farmers sell goods on e-Nam without bringing their produce to the mandis; major relaxations given to FPOs and facilitating transport

Aluminium makers stare at piling inventory following Covid-19 outbreak

In the domestic market, flagging demand, slowing pace of production and tumbling exports have unnerved the primary producers

No final decision on resumption of services: Railways on restoration plans

"Train services will have to be resumed only on specific approval of each train from Railway Board. Suggestions for phase-wise planning should be given to Railway Board," an official said Saturday.

Railways issues restoration plan for resumption of services from April 15

All 17 zones have been sent a missive to be prepared to run their respective services, the source said

Covid-19: Govt extends e-way bill validity, defers restricted ITC under GST

The validity of e-way bills that were set to expire between March 20 and April 15, has been extended till April 30

Job seekers, firms see 'pessimism' in market sentiment: RBI Survey

A separate survey conducted to capture the impact of coronavirus showed "very sharp deterioration in sentiment across all sectors for Q4FY20, and stark pessimism for Q1FY21

Crop harvest takes centre stage in plans for lifting coronavirus lockdown

Some states stressed the need to restore supply chains

Lockdown helps faster delivery of foodgrain by Food Corporation of India

In 11 days, corporation moved three times more grain than the same period last year

Only consumer goods may see green shoots amid coronavirus pandemic

The Covid-19 impact on various sectors of the Indian economy would depend on the longevity of the outbreak and the lockdown. Except for essentials in the consumer goods, most sectors would be impacted