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Anil Sasi is National Business Editor with the Indian Express and writes on business and finance issues. He has worked with The Hindu Business Line and Business Standard and is an alumnus of Delhi University.
The successes in Elon Musk’s space venture have had a rub-off effect on Tesla's car business. Days after SpaceX's launch that sent two astronauts on board the Falcon 9 rocket into space, Tesla's stock surged sharply.
Banning 59 mobile apps that have Chinese overhang is both a statement of intent and a strong signal. This may not hurt India given the alternatives in the app space but for China, the Indian app market is growing and valuable.
As the pandemic ravages economies and destroys livelihoods across the world, the super rich, especially in the US, are getting richer — billionaire wealth is estimated to have increased by $565 billion since March 18.
In this E-Xplained held a few weeks before he quit as Director, National Institute of Public Finance and Policy, Rathin Roy, ex-member of PM’s Economic Advisory Council, discusses challenges and options in a likely recessionary year.
While China may not be a big investor in the traditional sense, and business relations are viewed more in terms of the trade deficit that India suffers, it is the new economy and start-up space where China has increased its influence.
A week earlier, the DPIIT had modified the public procurement norms to give additional preference to domestic companies in government contracts, barring companies with less than a fifth of localisation from participating in most government tenders.
At the ITAT webinar, Mody, in his query to Vasudev, asked that even as the tax department “has done a lot” to ease the compliance burden of the taxpayers, “still there exists some sort of trust deficit between the taxpayer and the government”.
The problems faced by the MSME sector, which makes up about 45% of the country’s total manufacturing output, 40% of its exports, almost 30% of GDP, and employs an estimated 11 crore persons, precede the pandemic.
When will international flights start again? On what factors will the timing and the roadmap depend? What are the concepts of ‘bubbles’ and ‘air bridges’ being considered by global aviation regulators?
The survey was conducted after the latest round of easing, and the respondents included large companies, regional trade bodies, and also some small and medium enterprises across the manufacturing and services sectors.
In an e-Adda hosted by The Indian Express, Nitin Gadkari, Union Minister of Road, Transport & Highways and MSME, spoke on clearance of dues to MSMEs, how to get demand back in the market and restarting industry.
The government announced a hike in FDI limit for automatic approval to 74 per cent from 49 per cent in defence production. At present, FDI is allowed under the automatic route for up to 49 per cent and above 49 per cent through the government route.
The only available official estimate is on the MSME Samadhaan website, an online delayed payment monitoring system for settlement of disputes on filing of delayed payments by affected MSMEs, which has listed out payment claims of Rs 40,720 crore as on May 14, a fraction of the total dues.
Major global container shipping lines, which include Maersk Line, Hapag-Lloyd, CMA-CGM and China Ocean Shipping Company (COSCO), are reported to have begun completely skipping the country’s top container gateways.
While trucks could be seen idling in yards alongside the Delhi-Jaipur highway, an executive with an automobile manufacturer said the drivers are refusing to take the trucks with cars and other goods, and goods worth crores are stuck on roads.
Coronavirus (COVID-19): The extended lockdown across the manufacturing and services sectors, the resultant job losses along with the wave of salary cuts are projected to start impacting the repayment capacity of retail borrowers.