Page 1895 - Economy & Policy News

Coronavirus: Centre's EPF scheme to cover only 16% of total subscribers

Employers and employees equally contribute 12 per cent of wage towards a worker's provident fund account maintained with the Employees' Provident Fund Organisation (EPFO).

Coronavirus cases rising, but rate is relatively stable: Health ministry

"While the numbers of COVID-19 cases are increasing, there appears to be relatively a stable trend or even little bit reduction in the rate at which they are increasing," health ministry said

Coronavirus impact: DGCA extends ban on international flights till April 14

DGCA on March 19 had announced that no international commercial passenger flight operations will take place in India from 1.30 am on March 23 to 5.30 am on March 29

How states are reaching out to the poor amid coronavirus lockdown

On Thursday, the Centre unveiled a Rs 1.7-trillion financial package directed at the segment under the Pradhan Mantri Gareeb Kalyan Yojana, but many states had taken the lead in rolling out schemes.

Coronavirus lockdown: Govt unveils Rs 1.7-trillion package for the poor

Sitharaman also promised a one-time payment to women Jan Dhan accountholders and economically backward widows, pensioners, and differently abled

Centre asks states to allow manufacture, distribution of packaged foods

The advisory should help food delivery services, e-commerce companies, cold storages and warehousing establishments.

Relief package inadequate, extra stimulus must for stressed biz: Economists

They feel an additional stimulus package is required for stressed sectors with the country's economic growth estimated to touch new lows in 2020-21.

Renewable energy power generation classified as essential services

The ministry asked all states to exempt renewable energy generating stations from Section 144, nationwide lockdown, curfew and any restrictions in the movement of necessary staff and products.

Govt allows doorstep delivery of drugs to help citizens under lockdown

The health ministry invoked section 26B of the Drugs and Cosmetics Act, 1940 to facilitate the doorstep delivery of drugs to consumers

Coronavirus outbreak: Railways freight earnings dip 8.76% in March

The decline in March has led to a 0.1 per cent reduction in annual earnings till March 25 to Rs 1,21,873.61 crore, compared to a year ago

Relief package for coronavirus lockdown may not reach all poor: Experts

Experts said most of the announcements pertain to beneficiaries of existing schemes

CRISIL cuts India's FY21 growth forecast to 3.5% amid coronavirus outbreak

The agency welcomed the Rs 1.70-trillion package announced by Finance Minister Nirmala Sitharaman

Coronavirus lockdown: Govt may extend window to reconcile expense receipts

It will also impact how soon the finance ministry can come out with its borrowing calendar for the first half of 2020-21, a decision that is of enormous significance for the markets

Coronavirus impact: GDP likely to fall to a three-decade low, say analysts

Total loss in output is estimated to be around Rs 6 trillion based on estimated GDP at current prices for FY20

G20 nations pledge $5 trn to boost world economy stung by coronavirus

The talks came amid criticism that the G20 has been slow to address the Covid-19 pandemic

Customs allows online clearance for moving laptops from STPI units

The Software Technology Parks of India allow for this approval online, but Customs clearance required one to physically take approval.

DoT asks telcos to list spectrum needs as data demand surges in lockdown

According to COAI estimates, each telco would require about an additional 5MHz to ensure that the networks continue to function smoothly

In a first, 11 entities get approval for units at GIFT SEZ virtually

Teleconference used in approval process; the 11 entities carry potential to create 500 jobs

What the Rs 1.7 trn economic stimulus package has in store for India's poor

Here are the finer points of this relief measure

Post coronavirus lockdown, industrial demand for power plummets by 30%

An overall generation down by 3.6 per cent YoY in March 2020, creating financial problem for producers