Page 1889 - Economy & Policy News

Women Jan Dhan account holders to get cash benefits in a staggered manner

To ensure that social distancing is maintained at the bank branches, the department of financial services, under the finance ministry, has issued guidelines to all banks

Covid-19: Oil producers knock govt's door, seek relaxation in royalty, cess

In addition, companies batted for a higher gas price compared to the existing $2.39 a million British thermal unit (mBtu), effective from April to September this year.

COAI seeks incentives for telecom as sector tries to cope with data surge

Telecom service providers have invested and will continue to invest significantly in the telecom infrastructure

Extend date for health insurance policy renewal till Apr 21: IRDAI

A notification to this effect was issued by the Department of Financial Services, Government of India, on April 1, 2020

Covid-19: Govt reduces penalty on uncleared airport cargo by half

However, customs dept feels move will only discourage importers and brokers from lifting their consignments and cause further congestion of ports

Railway land deal, Covid-19 trade impact to limit upside in Concor

While valuations are in the attractive zone, disruption would keep near term volumes muted

Covid-19 equipment: Tamil Nadu offers special incentives for manufacturers

30% Capital subsidy capped at Rs 20 cr on investment made; Manufacturers to commence production before July 31

UP moots a dedicated Covid-19 corpus in addition to CM Relief Fund

State has so far received Rs 8 cr in the distress fund; Amazon, Flipkart seek help for home deliveries; state govt has identified 1,172 Tablighi Jamaat attendees from UP till date

Used peace clause to provide excess support to rice farmers: India to WTO

Subsidies over and above the prescribed ceiling are seen as trade distorting. The limit is fixed at 10 per cent of the value of food production for developing countries like India.

Covid-19 keeps seafood exporters in a bind as orders dry up in key markets

Shipments to the US, India's largest market for marine food, are down by over 50 per cent

Tamil Nadu ask Centre to increase supply of test kits and other essentials

Asks Govt to relax fiscal deficit limits, double Ways and Means limit

Covid-19: Biz sentiment sinks to record low; mfg activity down in March

"The most prominent signs of trouble came from the new export orders and future activity indices, which respectively indicated tumbling global demand and softening domestic confidence," Kerr noted.

Coronavirus: Housing sales may fall 35%, office space demand may shrink 30%

The pandemic would also adversely impact commercial (office and retail) real estate segment, which had been performing well during the last few years despite slowdown in the overall property market

Workers facing financial stress can withdraw 75% from EPF corpus: Know how

FM Nirmala Sitharaman on Mar 26 announced amendment in the EPFO regulation to allow employees withdraw up to 75% of their corpus as non-refundable advance, or 3 months' basic salary, whichever us less

Global economy could shrink by 1% in 2020 due to coronavirus pandemic: UN

Taking into account rapidly changing economic conditions, the UN DESA's World Economic Forecasting Model has estimated best and worst-case scenarios for global growth in 2020.

Direct tax mop-up falls short by record Rs 1.45 trn of revised estimates

Official figures showed that the gross amount collected under direct taxes as of March 31 was Rs 12.11 trillion

Leading remotely during lockdown: Eight lessons we can learn from the army

While none of the leadership behaviours mentioned below are applicable only for a lockdown scenario; they are a good framework in the current context

Coronavirus: FCI ramps up foodgrain supplies across country during lockdown

The FCI is conducting e-auction under Open Market Sales Scheme for providing wheat to the empanelled roller flour mills/state government to ease the supply constraint in the market

Covid-19: Moody's changes outlook on Indian banks from stable to negative

Stating that asset quality will deteriorate, Moody's said a sharp decline in economic activity and a rise in unemployment will lead to a deterioration of household and corporate finances

New projects dip in March quarter amid economic slowdown, coronavirus

The value of new projects were Rs 7000 crore lower in the three-month period ending March 2020, showed data from project-tracker Centre for Monitoring Indian Economy