Economy
UP in a position to offer land at preferential rates: Minister Siddharth Nath Singh
In conversation with Deepa Jainani, Uttar Pradesh’s minister for investment, export promotion and MSMEs in the state, Siddharth Nath Singh, expressed confidence that UP is well on the road to revival.
India’s unemployment rate improved to 5.8 per cent in 2018-19: Govt data
The improvement in the job situation, according to the PLFS, was witnessed in both urban and rural areas as well as among men and women.
Bank NPAs may worsen to 11.6 pc by end of this fiscal due to coronavirus pandemic: Report
Fresh gross slippages are estimated to be at 5-5.5 per cent of standard advances during 2020-21, which will increase the banks' credit provision and impact their earnings, rating agency ICRA said in a
CII cautions against increasing fiscal deficit to spur coronavirus-hit economy
In its agenda document 2020-21, the CII also refrained from making an estimate on economic growth this fiscal year given the uncertainty of the situation against the backdrop of COVID-19 pandemic.
Forced savings during coronavirus lockdown to aid India’s borrowings: HSBC
Before the pandemic arrived, India’s gross savings rate had dipped to a more than decade-low of 30.1% in 2019, down from 37.8% in 2008, as companies, government and the consumers splurged.
Now the coronavirus hotspot of Asia, India may find it tough to get back to 8% growth
The blow from a virtual shutdown of a nation of 1.3 billion people has been so severe that economists are struggling to forecast how long it will take to recover.
GST collections in April nosedive as lockdown kept economic activity at a standstill
The government collected around Rs 43,000 crore as GST in April 2020.
Govt extends anti-dumping duty on certain steel items till December 4
The duty on imports of 'hot rolled flat products of stainless steel 304 series' from the said countries was first imposed by the finance ministry on June 5, 2015, for five years.
Factory output in April may have shrunk by 40%; one week lockdown pushed March IIP to record low
Following the worst contraction ever -- 16.7 per cent -- in March, on the account of only a week’s lockdown, the industrial production likely shrunk by 35-40 per cent in April 2020.
Rajiv Bajaj talks to Rahul Gandhi: Indian lockdown worst of both worlds: Govt flattened wrong curve
Industrialist Rajiv Bajaj is the latest to join the chorus of the commentators, economists and businesspersons, who are of the opinion that India’s over two-month coronavirus lockdown was not the be
Thousands of crores of rupees saved: India fills strategic reserves to full capacity with cheap crude oil
India saved Rs 5,000 crore in foreign exchange while strengthening its energy security by filling the strategic reserves to full capacity with cheap crude oil.
BCT Digital launches early warning systems to tackle NPAs
There has been an alarming increase in the number of bad loans, frauds, and non-performing assets in banks in recent times which have resulted in a critical imbroglio in the Indian banking system.
Government launches real-time-market in electricity
To their benefit, discoms now also have the option of buying power through real-time market when renewable sources are not able to supply as promised due to vagaries of nature.
World Economic Forum summit to debate growth with climate focus
This innovative summit will be a very different annual meeting, reflecting the spirit of the Great Reset.
No forced interest waiver on loan moratorium: RBI to SC
The fact that the waiver of interest is having far-reaching effect on the economy cannot be ignored and the larger public interest of the economy always takes precedence over the individual cases of h
Unlock 1.0 effect: E-way bills rise, confirm resumption of economic activities
With further rolling back of lockdown from June 1, more businesses activity is expected, giving a boost to e-way bill generation.
Construction cess fund: States so far transfer Rs 4,313 crore to workers hit by Covid
In the wake of the Covid-19 outbreak, the Centre on March 26 advised states to “adequately” transfer money from the fund directly into the accounts of an estimated 3.5 crore registered workers.
Reform Push: Cabinet clears Ordinances on farm trade, insolvency
The government could also allow trading through the e-NAM platform without going through the mandatory registration process as an extension of the current reforms done.
Covid crisis: Rural economy to recover much faster than urban, says Mahindra and Mahindra
On Wednesday, M&M said that the company had estimated the quantum of loss due to Covid-19 lockdown to the tune of 87,000 vehicles and around 30,000 tractors for the three months of April-June 2020.
Covid stimulus package: PMGKY beneficiaries receive Rs 53,248-crore assistance
Under the scheme, the Centre has been providing Rs 6,000 to each farmer spread over three equal instalments in a year.
Digital Tax row: US probing ‘Google Tax’ by India
New Delhi says tax doesn't specifically target US firms, avers trade talks won’t be impacted
COVID-19: FRBM framework will need to be updated, says former CEA Subramanian
Arvind Subramanian also said while labour reforms were necessary, the way they have been done by some states have undermined basic protections to workers, especially in light of the migrant crisis.
Cabinet secretary-led empowered group, PDC formed to attract investments to India
The decision was taken at a meeting of the Union Cabinet, chaired by Prime Minister Narendra Modi. In order to provide support and facilitation to investors for investing in India, an Empowered Group
Cabinet nod for ordinance to allow farmers to engage with processors, aggregators
The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance, 2020 aims to provide farmers a level playing field to market their produce without any fear of exploi
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Budget 2020
- Torrent: Cut to ‘reduce’, revise fair value to Rs 2,350 a share
- 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
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