Page 1839 - Economy & Policy News

Weekly economic indicators show slight improvement as restrictions eased

Data shows most indicators are still significantly lower than peak levels

India may set 10% beneficial ownership cap for FDI flowing from 7 countries

The 10% threshold is in line with the rules for significant beneficial owners under the Companies Act, 2013

Statsguru: Migrant workers' exit to job crisis, victory over Covid-19 tough

Joblessness is rising, migrants are returning home in India, and macroeconomic fundamentals are deteriorating

Top 10 biz headlines: Weak corporate earnings, restarting economy and more

From coronavirus impact on various sectors to how electronics majors are looking for ways to revive sales, here are the top ten business headlines of the day

Covid-19: On-site construction labourers turn weary of Mumbai's lockdown

Anxious, home-sick and with monsoons approaching, labourers want to return home

Centre sets up six-member panel to review production sharing contracts

Because of lower oil and gas price environment, there is a need to find ways of attracting investment in exploration and production of oil and gas

Bipin Rawat defends lower spending, says military plays limited role

Army Chief Naravane says roll out of IBGs delayed due Covid-19

Covid-19 lockdown: Passenger trains to be back on tracks from Tuesday

Initially 15 set of trains will be started and online bookings for these will begin from 4 pm on Monday

Bond yields expected to jump 15-20 bps on govt's extra borrowing

The excess borrowing will, however, ease the pressure on the RBI's liquidity operation as banks will absorb the excess G-Secs

IT firms to continue hiring freshers despite coronavirus pandemic

The move is likely to help in containing costs by improving the employee pyramid; lateral hiring likely to be on need-basis

With economic activity in deep freeze, truckmakers wait for signs of thaw

Balance-sheet squeeze makes purchase of trucks impractical, they say

India needs large fiscal stimulus in face of slowdown risk: Kaushik Basu

The Centre must give states the freedom to spend more, respecting India's federal structure, Basu said

MP labour law changes: Relaxed licence norms for contract workers

Recognition of trade unions for collective bargaining no longer possible for key industrial sectors

Covid-19 to structurally change collection of data for official statistics

The National Statistics Office is exchanging ideas with international agencies about handling data and statistics amid the pandemic situation

Lockdown 3.0: Elders going big on e-commerce and use of digital wallet

The survey took feedback from 3,737 respondents in cities including Delhi-NCR, Mumbai, Bengaluru, Chennai, Pune and Ahmedabad

Centre not cutting flagship schemes but won't take over states' burden

Official says some savings are expected as the Centre will make cuts wherever there is low-priority expenditure

Arbitration to corruption at deemed universities, here're key court orders

If a party joins arbitration proceedings without raising objections regarding jurisdiction of the court, it cannot raise the issue at a later stage, especially after the pronouncement of the award

Calls for debt monetisation gain traction as Covid-19 cripples economy

Coronavirus has snuffed out lives of more than 2,100 people and infected nearly 63,000 in India

No pay, no food: Rocky work-life balance turns Surat daily wagers violent

In the textile industry alone, there are an estimated 1.5 million migrant workers

Govt issues guidelines for factory resumption after Vizag gas leak

The guidelines come days after a gas leak killed 11 people and hospitalised 800 others at a plant in southern India operated by a subsidiary of South Korean petrochemicals maker LG Chem Ltd