Page 1898 - Economy & Policy News

Centre to hike excise duty on petrol and diesel by Rs 8 per litre each

The digital tax at the rate of 2% may particularly come as a setback to Chinese e-commerce players like AliExpress, Shein, and Club Factory selling in India

Crude oil, copper post sharp fall on MCX due to global uncertainty

Lead, nickel and zinc lose 3.5% each on expectations of uncertain demand; slight dip in bullion

Covid-19: Supply of essentials hit due to worker shortage, transport issues

A large chunk of the labour has gone home following lock down; fleet owners are reluctant to carry consignments citing harassment

Coronavirus outbreak: States can borrow three months' ration from FCI

The move will help states distribute foodgrains free of cost to the poor and vulnerable sections impacted by the COVID-19

Covid-19: MFs fear huge redemptions, write to RBI for liquidity support

Corporate investors seen pulling out funds from liquid schemes to meet their debt onligations as coronavirus takes toll on businesses

Kerala imposes state-wide lock down to curb spread of coronavirus

The announcement comes after 28 new Covid-19 positive cases reported on Monday

No salary deduction for contractual staff during Covid-19 lockdown: Centre

All such workers will be deemed to be "on duty" during "such period of absence and necessary pay or wages would be paid," the order added

Govt amends law to get power to hike tax on petrol, diesel by Rs 8 per ltr

The amendment along with the Finance Bill was passed without a debate in the Lok Sabha

Coronavirus: UBS cuts India's FY21 real GDP growth forecast from 5.1% to 4%

"For the full year, we now expect India's real GDP growth to slow further to 4 per cent year-on-year in FY21 (previously 5.1 per cent)," UBS said in a research note.

Covid-19: Assam govt takes over health infra in tea estates, enforces SOP

State monitors health of 750,000-odd tea workers; each estate to be given Rs 5,000 to sensitise workers and officials about Covid-19

Covid-19: Govt tells companies to protect wages, not terminate workers

Companies may look to terminate the contract of workers 'on the pretext' of the Covid-19 or may force their employees to go on leave without pay

Investors brace for more pain as India goes under lockdown to curb Covid-19

Analysts say the market bloodbath is worse than in 2008. Last week, investor sentiment was crushed with the Sensex dropping as much as 17%

Jet fuel rate cut by 12%; freeze on petrol, diesel price continues

Petrol price remained unchanged at Rs 69.59 a litre in Delhi and diesel at Rs 62.29 for the seventh day in a row

Coronavirus spread: Business interruption loss not covered under insurance

The partial lockdown has also resulted in many film productions getting stopped temporarily causing budget over-runs

Securities transaction tax collection up 5% on higher derivatives trade

Tax payouts from dividend distribution tax are up 2%

LIC declares relaxation on premium payments amid coronavirus spread

Policyholders are requested to stay indoors and avoid visiting any office to pay premium. They can, however, use online services of LIC

Will take relook at GDP forecasts for FY20, FY21, but it's too early: CEA

"We clearly see a negative shock on the health side. Economically, there will be an impact"

Statsguru: From SBI to ICICI Bank, lenders come to YES Bank's rescue

The bank, however, could not hide its bad debt under the carpet for long as RBI auditors forced all banks to disclose their bad debts

Grain cushion: India has enough stock to supply ration shops for 1 year

In 2018-19, around 57 mt of wheat and rice was distributed in the country through the ration shops network

Rural India vs Covid-19: Train curbs a relief but challenges remain

The people, reportedly rushing back after governments began shutting down major cities, may well be heading to regions more vulnerable to the pandemic