Page 1671 - Economy & Policy News
ESI subscribers to get Covid unemployment allowance within 15 days of claim
Payment will be made into bank account of insured, Aadhaar to be used for identification
 "ESI subscribers to get Covid unemployment allowance within 15 days of claim")
Govt agencies to identify locations for EV charging stations in 2 weeks
Delhi government will aggregate these locations and work out a unified model for setting up 200 charging spots in the city in the next one year
 "Govt agencies to identify locations for EV charging stations in 2 weeks")
Irdai panel recommends forming Rs 75,000 cr pandemic pool under PPP model
The group has recommended coverage for 40-50 million MSME workers initially
 "Irdai panel recommends forming Rs 75,000 cr pandemic pool under PPP model")
Farm bills to boost farmers' income, forces trying to mislead them: Modi
PM asserted that the bills will rid farmers and the farm sector of middlemen and other bottlenecks
 "Farm bills to boost farmers' income, forces trying to mislead them: Modi")
SBI's Rajnish Kumar urges investors to take part in stressed assets sector
He also reiterated that the Insolvency and Bankruptcy Code (IBC) is not a recovery mechanism for lenders, but rather a means to preserve the value of enterprises
 "SBI's Rajnish Kumar urges investors to take part in stressed assets sector")
No plan to exclude Huawei, ZTE from 5G infra contracts: Sanjay Dhotre
The announcement quells fears among some telcos that Chinese players might be banned from participating in 5G trials and roll outs
 "No plan to exclude Huawei, ZTE from 5G infra contracts: Sanjay Dhotre")
Farm Bills: Tomar assures MSP mechanism will continue for farmers
Tomar said that many steps, proposed in the Bill, had been recommended by the numerous expert committees, including those which were constituted by the previous Congress government
 "Farm Bills: Tomar assures MSP mechanism will continue for farmers")
Credit outlook negative for gold jewellery retailers in FY21: Crisil
The number of new store additions is expected to reduce to almost a third of the average between fiscals 2017 and 2020, it said
 "Credit outlook negative for gold jewellery retailers in FY21: Crisil")
Win-win situation for Railways, investors: NITI Aayog CEO on private trains
In a first, private entities will source and operate modern technology trains for undertaking passenger business using Indian Railways' infrastructure, Amitabh Kant, NITI Aayog CEO said
 "Win-win situation for Railways, investors: NITI Aayog CEO on private trains")
Advance tax mop-up dips 25.5% in Q2, led by plunge in corporate tax: Report
Advance tax collections fell 25.5 per cent to Rs 1,59,057 crore in the second quarter of the fiscal, an income tax official said on Thursday
 "Advance tax mop-up dips 25.5% in Q2, led by plunge in corporate tax: Report")
IIT Kanpur to support Covid-hit small and medium businesses, start-ups
Technopark@iitk is keen to scale up the model to reach out to more MSMEs and start-ups
 "IIT Kanpur to support Covid-hit small and medium businesses, start-ups")
Himachal Pradesh's GST share of Rs 1,628 cr for Apr-Jul pending with Centre
Himachal Pradesh's Goods and Services Tax (GST) share of Rs 1,628 crore is pending with the central government, Chief Minister Jai Ram Thakur said on Thursday
 "Himachal Pradesh's GST share of Rs 1,628 cr for Apr-Jul pending with Centre")
This CEO may have found a solution to retailers' last mile dilemma
Online shopping is "here to stay" and "there's a real opportunity for us to parlay this and become the last-mile delivery answer," Ball said in an interview in Stockholm
 "This CEO may have found a solution to retailers' last mile dilemma")
Economic contraction easing? Direct tax mop-up down, but not like earlier
At 23 per cent, decline in collection was slightly better than 30 per cent seen a fortnight ago, provisional data show
 "Economic contraction easing? Direct tax mop-up down, but not like earlier")
OECD raises prospects for global economy, scales them down for India
Finds scope of further monetary and fiscal stimulus limited in the country
 "OECD raises prospects for global economy, scales them down for India")
India will work with G-20 nations to make world a better place: Javadekar
India is committed to working with the G-20 nations for making the world a better place and applauds the launch of the Global Initiative to reduce land degradation and coral reef programme
 "India will work with G-20 nations to make world a better place: Javadekar")
Net carbon zero economy possible by 2050 at low cost, says ETC report
The report said the impact of achieving a zero-carbon-emission economy on human welfare in 2050 will be hugely positive
 "Net carbon zero economy possible by 2050 at low cost, says ETC report")
RBI battle-ready to meet economy's needs: Governor Shaktikanta Das
Says protecting depositors' money, ensuring financial stability key concern
 "RBI battle-ready to meet economy's needs: Governor Shaktikanta Das")
Garment exports begin to see revival, September fall lowest in 5 months
Garment exporters have started seeing the revival of demand, which in turn has increased capacity utilisation to around 60-80 per cent
 "Garment exports begin to see revival, September fall lowest in 5 months")
India-China trade deficit fell to $5.5 billion in Q1: Govt to Parliament
In a written reply, Commerce and Industry Minister Piyush Goyal said the trade between the countries, too, dipped to $16.55 billion in Q1, against $21.42 billion in the same period last year
 "India-China trade deficit fell to $5.5 billion in Q1: Govt to Parliament")