Page 1900 - Economy & Policy News

Cabinet passes a policy to promote manufacture and growth of bulk drugs

An announcement on the matter is expected over the weekend

Centre allows time extension for solar projects facing supply disruption

Supply chain disruption due to Corona to be considered Force Majeure

Foreign exchange reserves fall $5.35 billion; first drop in six months

The last time forex reserves declined was in the week to September 20, 2019, when it had fallen by USD 388 million to USD 428.58 billion

Supreme Court stays Kerala HC order on deferring recovery process

The Kerala HC single judge Bench took note of the fact that government departments are issuing recovery notices, compelling litigants to approach the court for interim stay

RBI names R Gandhi, Ananth Gopalkrishnan addl directors on YES Bank Board

Appointment is for two years; this is Gandhi's second stint in the same capacity

India's Trade with FTA countries up 7.1% in 5 yrs: Govt tells Rajya Sabha

In a written reply to the Rajya Sabha, Piyush Goyal said that while there has been growth in both imports and exports to these FTA partners, the utilisation rates of these pacts have been moderate

Six months after ban, plastic recycling units in SEZs see ray of hope

Commerce ministry favours of restart using imported virgin scrap as raw material; MoEF likely to give its official assent soon

E-commerce policy: Govt seeks to establish regulator, tighten controls

The policy is still being drafted and could go through further changes

India to top up strategic oil reserve with Rs 5,000 cr buy as prices drop

Global crude oil fell about 40% in March (to about $25 a barrel now) so far after talks of production cut between the OPEC and Russia failed.

DPIIT notifies decision to permit NRIs to own up to 100% stake in Air India

The FDI policy earlier permitted NRIs to take only 49 per cent stake in the airline

Here's why your fuel bill hasn't fallen much despite tumbling crude prices

Even if the daily price cut on petrol and diesel remains between 15 and 30 paisa till April 1, the marketing margin will remain high at Rs 8-10 per litre.

Coronavirus impact: Fitch cuts India growth forecast to 5.1% for FY21

The difficulties facing the Indian economy have been exacerbated by Yes Bank failure, it said

Covid-19 to cripple economy: CRISIL cuts FY21 India growth forecast to 5.2%

However, the late Thursday evening forecast from CRISIL is much higher than those from some other analysts

Firms owe Rs 6 trn to MSMEs; govt to address issue soon: Gadkari

The minister announced that the government will revamp the Khadi and Village Industries Commission (KVIC) within three months and make it more export-oriented.

Railway passenger traffic catches the coronavirus flu, declines 28%

The national transporter has cancelled 155 pairs of trains this week as a step to curb the spread of COVID-19

Kerala govt announces Rs 20,000 crore package amid coronavirus spread

On Thursday, the state has reported one more positive case, taking the total confirmed COVID-19 cases to 28, of which 25 patients are under treatment, said state Chief Minister Pinarayi Vijayan

Coronavirus impact may render 38 mn jobless in Indian tourism industry

In a letter to the PM, the industry body has urged the Prime Minister's Office (PMO) to intervene to minimise the damage.

Over $1-million aid disbursed to Saarc nations amid coronavirus spread: MEA

The fund was set up on Sunday during a video conference of Saarc heads of nations

15th FC to monitor coronavirus pandemic situation ahead of second report

Singh also said that as the situation evolves, the issue of disaster management can be reviewed - both in state specific and national context

Competition Commission allows pre-consultation for filing needs amid crisis

The video conferencing will be done at the office of the regional director, registrar of companies, Ministry of Corporate Affairs