Page 1896 - Economy & Policy News

Coronavirus: DPIIT to monitor real-time delivery status of essential items

Grivances can be emailed to "controlroom-dpiit@gov.in" or informed through telephone (011-23062487). This number will be functional from 8am to 6pm

With 75% economy under lockdown, analysts see sharp fall in GDP

Even when the lockdown period ends, it will take time for the economy to be fully up and running. The public fear factor, analysts feel, will still result in below-normal activity for a few months

Experts peg India's Covid-19 lockdown cost at $120 bn, call for relief plan

Domestic brokerage Emkay congratulated policymakers for acting earlier than other countries, but rued that there is not much to cushion the economic impact

Coronavirus lockdown set to cost India $120 bn, forecast brokerages

Experts suggest a rate cut along with loan forbearance and a special liquidity window for banks and NBFCs

Coronavirus lockdown to delay realty projects, affect sales, says Anarock

India Ratings and Research said on Wednesday that the lockdown imposed by state governments would hit infrastructure construction in the big cities

Economy to take Rs 40K-cr hit daily during 21-day lockdown: CARE Ratings

Based on this, Q4 growth may not be negative but can go down to 1.5-2.5 per cent

Coronavirus lockdown: Rs 60k-crore income support plan for poor in works

The scheme could mean transferring Rs 5,000-6,000 into the bank accounts of 80-100 million poor families, Business Standard has learnt

Coronavirus impact: Centre postpones process of updating NPR, Census 2021

The house listing and housing enumeration of the Census 2021 and NPR were slated to be carried out simultaneously from April 1 to September 30

Centre to hike monthly quota of subsidised foodgrains to 7 kg per person

From an average allocation of 25 kg for a five-member family, this decision will push it up to 35 kg

Cabinet okays extension of tax rebate scheme for export of garments

Under the scheme, maximum rate of rebate for apparel is 6.05 per cent, while for made-ups, this goes up to 8.2 per cent

CCEA approves Rs 1,340-cr recapitalisation for weak regional rural banks

This is, in a way, an extension of the recapitalisation plan that was to end this financial year (April 2019 to March 2020, of FY20)

Non-life insurers register 14% premium collection growth in Apr-Feb FY20

The crop insurance segment has seen negative growth for the private insurers as many have stopped underwriting crop insurance policies

Retail sector to have muted sales; recovery may be gradual: Report

The focus of larger players is likely to be on ensuring that supply chain is ready with new-season launches so as to benefit from potential demand recovery in the second half

Treat taxpayers with empathy amid Coronavirus: CBIC chairman to officers

Covid lockdown has acted as a double whammy for the already struggling economy and slowing revenues

How sugar industry has managed to break out from surplus-shortage cycle

The Rangarajan committee recommendations on sugar reforms have been put into cold storage. Yet, the industry has managed to break out from the infamous surplus-shortage cycle

Military leads from the front in war against coronavirus pandemic

The military has already housed over 1,200 patients so far in temporary medical facilities at Manesar, Hindan, Jaisalmer and Jodhpur

Cabinet okays supply of 2kg extra subsidised foodgrains via ration shops

All states have been asked to take foodgrains from the Centre in advance for distribution through the PDS

An insight into the deteriorating quality of budget balancing in India

Officials say off-budget borrowings will be reduced eventually, but not any time soon

Coronavirus impact: Power demand falls 20%, discom revenues to be hit

Power engineers write letter to PM Modi seeking moratorium on payments

Govt likely to unveil Rs 1.5 trn stimulus for coronavirus downturn: Report

The stimulus plan could be as large as Rs 2.3 trillion, but final numbers were still in discussion, says the report