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Monday, July 13, 2020
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Electricity to jobs: Uptick in economy but that’s flattening

July 12, 2020 10:58:11 am

That the “unlocking” has been patchy is reinforced by Google footfall data showing that while public mobility has improved in recent weeks across India, states that have higher infection rates are seeing curtailed public movement and economic activity.

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Telcos free to decide POI charges in fixed line connections, says Trai

July 12, 2020 12:46:23 am

In its recommendations on telecommunication interconnection between PSTN and national long distance (NLD) carriers, Trai has said in order to encourage more fixed line services, the telecom services providers should be free to decide the interconnection rates and carriage charges.

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Shaktikanta Das bats for resolution corporation to revive stressed companies

July 12, 2020 12:40:45 am

The proposal to set up the resolution corporation has gathered momentum after the financial sector witnessed a series of failures and emergence of stressed firms

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Lockdown easing but road ahead tough, Covid biggest test, says RBI Governor

July 12, 2020 12:19:47 am

Calling the Covid outbreak the “worst health and economic crisis in the last 100 years during peace time with unprecedented negative consequences for output, jobs and well-being,” Das cautioned on the road ahead.

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Indian economy showing signs of going back to normalcy, says RBI Governor

July 11, 2020 11:38:24 am

RBI Governor Shaktikanta Das said the central bank was prioritising on both growth and financial stability, and has taken several measures to protect the financial system and support the economy during the Covid-19 crisis.

Anurag Thakur: Economy remains resilient even in these testing times

July 11, 2020 1:21:24 am

Addressing CII members through a webinar, Anurag Thakur said the government is focussed on reviving growth and asked industrialists to provide specific details on their suggestions of creating export hubs for automotive industry.

China, UK, US got highest investment clearances from MHA in 2017: officials

FDI, FPI inflows propel forex reserves to record high of $513.25 billion

July 11, 2020 12:59:39 am

The RBI data released on Friday shows that in the week ended July 3, the foreign currency assets expanded by $5.66 billion to $473.26 billion.

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Unlockdown helps economic activities pick up, but factory output still in the negative

July 11, 2020 12:55:24 am

Easing of lockdown conditions in May was reflected in a pick-up in manufacturing, capital goods, consumer durables and consumer non-durables output.

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Time we end import reliance for solar equipment, says PM Modi

July 11, 2020 12:35:45 am

The 750-MW solar power project in Rewa was set up by Rewa Ultra Mega Solar Ltd, a joint venture between Madhya Pradesh UrjaVikas Nigam Ltd and Solar Energy Corp. of India. The project has received financial assistance of Rs 138 crore from the Centre.

India moves up a rank to become second-largest source of FDI for UK

July 10, 2020 9:51:51 pm

The US remains the number one source of FDI for the UK, delivering 462 projects and 20,131 jobs, followed by India, Germany, France and China and Hong Kong.

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Greenshoots visible, India to play big role in global revival: PM Modi

July 10, 2020 7:30:11 am

During his address, the Prime Minister also reiterated that “green shoots” of recovery were visible in the country’s economy.

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Covid-19 and city finances: Time to come clean on accounts and go for reforms

July 10, 2020 8:50:27 pm

To begin with, the Ministry of Housing and Urban Affairs, in association with a Bengaluru-based non-profit organisation, has launched a new portal to encourage urban local bodies to publish their audited accounts.

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DBS sees double-digit contraction in economy in April-June quarter

July 7, 2020 5:28:22 pm

The nature of this sudden stop owing to the pandemic will see real growth shift right to a lower trend, with part of the lost output unlikely to be made up for during the year, said Radhika Rao, economist at DBS Group Research.

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Similar entities already available, govt may relook Credit Guarantee Enhancement Corporation plan

July 6, 2020 5:57:53 am

Credit enhancement entities aid in augmenting the credit ratings of bonds of certain above-investment grade operational infrastructure projects, improving their attractiveness to institutional investors, by proving partial or full credit guarantees.

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June: Against May, number of e-way bills rises 69.8%, value generated up 38%

July 6, 2020 5:50:45 am

On June 30, 18.32 lakh e-way bills were generated worth over Rs 54,500 crore, the highest since the enforcement of the lockdown, GSTN said.

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Ahead of its planned IPO, LIC disposing of companies with low market cap from equity portfolio

July 6, 2020 5:44:32 am

Kick-starting the process of LIC disinvestment, the Finance Ministry on June 19, invited bids from consulting firms, investment bankers, and financial institutions for advising it on the proposed IPO.

US to delay some China tariffs until stores stock up for holiday shoppers

Chinese imports: Banks delay issue of LCs, flag SME solvency concerns

July 6, 2020 5:33:53 am

Banks have turned cautious as reports of consignments being held up at ports continue and duty rates are being revised upwards for certain categories of products.

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‘Rebound in economy based on pent-up demand, consumption plateauing as COVID-19 cases rise’

July 5, 2020 12:55:30 am

Amid rising COVID-19 cases across the country, the pickup seems to have been driven by the pent-up demand, raising concerns of excess supplies after this phase, which is then likely to result in a lower-than-expected growth in the second half of 2020-21 financial year.

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Equalisation levy: I-T dept amends tax challan to include non-resident e-commerce suppliers

July 5, 2020 12:47:43 am

Equalisation levy at 6% has been in force since 2016 on payment exceeding Rs 1 lakh a year to a non-resident service provider for online advertisements.

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Banks sanction 36.7% of govt’s MSME package, lag in disbursals

July 5, 2020 1:40:17 pm

After a slow start, private banks are slowly catching up by sanctioning Rs 47,108 crore to 4.19 lakh borrowers under the package.