Economy
Increased supply of state development loans may put pressure on states’ borrowing costs
As per the indicative calendar for the Q1FY21, state governments are likely to borrow Rs 1.27 lakh crore from the markets.
Power companies’ troubles may mount in coming months; demand from commercial, industries collapses
India’s power sector performance is expected to see a significant decline in 2020-21, due to the likely prolonged disruptions caused by the Coronavirus pandemic.
Electronics manufacturing: Govt notifies three incentive schemes; likely to create lakhs of jobs
The schemes are expected to create large scale electronics manufacturing in the country and open tremendous employment opportunities.
Global economy could shrink by almost 1% in 2020 due to COVID-19 pandemic: UN
The analysis by the UN Department of Economic and Social Affairs (DESA) said the COVID-19 pandemic is disrupting global supply chains and international trade.
Manufacturing PMI hit by coronavirus in March; factory output in coming months may fall sharply
Confidence towards business outlook has fallen to a record low, due to the Covid-19 concerns.
DBT transfers decline sharply in FY20?
The website on Wednesday showed cut in transfers under some of the key schemes including MGNREGA and PMAY-Gramin.
Moving on moratorium: Repay if you can, else take a break, say top banks
SBI has specified that interest shall continue to accrue on the outstanding portion of the term loan during the moratorium period.
Companies want interim dividend rule relaxed
Another relaxation sought is on Section 134 of the Companies Act, which deals with the report by the company board.
RBI announces three more measures to fight Covid-19
In view of the disruption caused by the pandemic, the time period for realisation and repatriation of export proceeds for exports made up to or on July 31, 2020, has been extended to 15 months from th
MNRE tells discoms to clear renewable energy bills on time
Renewable energy plants which supply power to Punjab and Madhya Pradesh are owned by firms, including NTPC, Acme Solar, ReNew Power, Mahindra Renewables and Adani Power.
Govt, RBI must not stop here, more steps needed: Pronab Sen
The problem is companies won’t be able to repay their loans for some time, and the RBI seems to have addressed this situation through the three-month moratorium.
GST collection in March at Rs 97, 597 crore, down 8.4 %
Also, the weighted average GST rate is significantly below the revenue neutral rate estimated before the tax's launch, with a series of tax rate cuts by the GST Council widening the gap.
Maharashtra eases power payment norms for industrial consumers
The ongoing lockdown in seen to take a toll on the finances of the state-run discoms which are finding it difficult to continue meter reading exercises and collect payments from consumers.
PM Kisan : Rs 5,125 crore already transferred of April-July tranche
The total number of farmers expected to be covered by the current scheme may be around 11 crore by the end of FY21.
Small savings interest rate cut to make bank loans cheaper? Here’s what may make banks act now
The rate cut on small savings schemes is being seen as an enabling move for banks to make borrowings cheaper, in line with the government’s and RBI’s efforts.
India’s power consumption shrinks 9.24% at 100.13 BU in March
The data also showed that during March 22-31, the power demand remained quite low as compared to March 1-21 period.
WTO, UNFAO, WHO call for keeping food trade flowing amid COVID-19 restrictions
Expressing concerns, it said uncertainty about food availability can spark a wave of export restrictions, creating a shortage in the global market.
ICC seeks 30-day window after lockdown ends to meet obligations like tax filing, loan payments
In a statement, the ICC expressed concerns over the power producers' total outstanding dues owed by distribution firms which stand at Rs 88,311 crore in January 2020, saying it is a clear reflection o
World faces food crisis in wake of coronavirus: UN, WTO
Many governments around the world have put their populations on lockdown causing severe slow-downs in international trade and food supply chains.
March GST collections below Rs 1 lakh cr, way behind target; FY20 govt revenue goal at stake
Full-year GST collection has grown only 4 per cent than the previous year in FY20.
India well prepared, coronavirus impact will be ‘much smaller and manageable’: NITI Aayog member VK Paul
Thousands of people have died due to coronavirus infection in different parts of the world. Italy, Spain and Iran are among the countries that have recorded high number of deaths so far.
India’s fiscal deficit may shoot to 6.2% of GDP in FY21: Fitch Solutions
The package included cash handouts, free food for the poor, medical insurance for medical staff, and a temporary regulatory amendment for employees of small companies to dip into their pension fund to
RBI relief for exporters: More time given to realise value of exports from Covid-19 hit nations
The Reserve Bank of India has extended the period of realisation of the value of exports to 15 months from the date of export.
Abhijit Banerjee points holes in FinMin relief package: Bigger one required if lockdown persists
Nobel laureate economist Abhijit Banerjee has pointed out gaps in Finance Minister Nirmala Sitharaman’s economic relief package aimed towards helping the most vulnerable sections of the society amid
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- Covid-19 Lockdown Tips: How to clean your bike or scooter in some easy steps
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Budget 2020
- Budget 2020 hasn't violated fiscal discipline: FM Sitharaman
- Budget 2020 was disappointing for lacking vision; but fiscal, taxation measures welcome: EAC-PM member Ashima Goyal
- Budget 2020: FM Nirmala Sitharaman says govt willing to do more beyond Union Budget to boost growth
- Budget 2020: FM says green shoots of recovery visible, points at worse macro-economic fundamentals under UPA
- Budget and the economy: What can we expect after this Budget?
- Budget 2020: FM Sitharaman takes on P Chidambaram over defence budget allocation
- Budget 2020 proposals on DDT, personal tax not to impact MF industry: Franklin Templeton
- Budget 2020: Chidambaram slams Modi govt; says economy close to collapse, unemployment making India poorer
- Budget 2020: How ESOP tax changes will benefit start-up employees
- Economic Survey 2020: Fudging food and fertiliser subsidy
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