Clipped from: https://www.financialexpress.com/industry/china-wants-to-cut-steel-production-volume-abolishes-export-rebates/2245381/ The Chinese Ministry of Finance and the State Administration of Taxation (customs tariff commission) announced a total abolition of export rebates (13% on
Category: Economy
Govt invites EoI latest by June 17 for Rs 11k-cr food processing PLI scheme – The Financial Express
Clipped from: https://www.financialexpress.com/economy/govt-invites-eoi-latest-by-june-17-for-rs-11k-cr-food-processing-pli-scheme/2245365/ Issuing detailed operational scheme guidelines for its Production Linked Incentive (PLI) scheme, the food processing industries ministry Monday invited an expression of interest
Intel CEO says chip shortage will persist for ‘couple of years’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/intel-ceo-says-chip-shortage-will-persist-for-couple-of-years/articleshow/82364203.cmsSynopsis Demand for semiconductors was boosted in 2020 as consumers scooped up home gadgets during the pandemic. But meeting that increase has been hard,
Silence over labour reforms during state elections signals a deeper shift – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-silence-over-labour-reforms-during-state-elections-signals-a-deeper-shift/articleshow/82375994.cms Synopsis–In a scenario where access to oxygen cylinders, medicines, hospital beds is near impossible, none of the usual issues — GDP guesstimates, spiralling
India’s virus surge leaves another 7 million people jobless – The Economic Times
Clipped from: https://economictimes.indiatimes.com/jobs/indias-virus-surge-leaves-another-7-million-people-jobless/articleshow/82368881.cmsSynopsis State govts have been forced to extend curbs as the nation’s creaky health infrastructure can’t cope with the flood of virus cases, jeopardizing
India Trade Deficit: Record growth in April exports, trade deficit swells to $15.24 billion – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/india-april-trade-deficit-at-15-24-billion/articleshow/82351264.cmsSynopsis Major export commodities which have recorded positive growth in April include gems and jewellery, jute, carpet, handicrafts, leather, electronic goods, oil meals, cashew,
Why MSMEs need help again and why the govt’s earlier approach may not work? | Business Standard News
Clipped from: https://www.business-standard.com/article/opinion/second-wave-of-coronavirus-pandemic-what-rbi-can-do-to-help-121050300092_1.html Unless the Reserve Bank comes forward and helps banks to handhold the MSME borrowers, bad loans will swell in the September quarter Till
Second wave of coronavirus pandemic: What RBI can do to help | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/second-wave-of-coronavirus-pandemic-what-rbi-can-do-to-help-121050300092_1.html Unless the Reserve Bank comes forward and helps banks to handhold the MSME borrowers, bad loans will swell in the September quarter Till
Govt mulls more Covid relief measures for businesses amid second wave | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-mulls-more-covid-relief-measures-for-businesses-amid-second-wave-121050300037_1.html The Centre and the RBI are exploring options for businesses hit hard by the second wave The government and the Reserve Bank of India (RBI)
PLI scheme going under utilised, says Niti Aayog vice chairman – The Financial Express
Clipped from: https://www.financialexpress.com/economy/pli-scheme-going-under-utilised-says-niti-aayog-vice-chairman/2242724/ He stressed that the share of manufacturing in GDP should increase and limiting manufacturing only to small scale would not suffice. The Niti
Small, medium, other hotels again reach out to FM Sitharaman; say ECLGS doesn’t help them to survive – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/small-medium-other-hotels-again-reach-out-to-fm-sitharaman-say-eclgs-doesnt-help-them-to-survive/2244186/ Ease of Doing Business for MSMEs: The government had announced the launch of ECLGS 3.0 in March to cover enterprises in hospitality, travel
GST mop-up at all-time high of Rs 1.41 lakh cr in April; hits Rs 1 lakh cr for 7th month in a row–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/at-141-lakh-crore-gst-revenue-collection-for-april-2021-sets-new-record/story/438011.html The GST collections remained above the Rs 1-lakh-crore mark for the seventh month in a row in April, the finance ministry said on
Four reasons why India’s coronavirus crisis will derail the world economy | Business Standard News
lipped from: https://www.business-standard.com/article/current-affairs/four-reasons-why-india-s-coronavirus-crisis-will-derail-the-world-economy-121050100373_1.html The virulence of the second wave in India seems to be related to a confluence of factors: government complacency, driven by poor data
MSMEs seek easing of NPA, compliance rules – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msmes-seek-easing-of-npa-compliance-rules/articleshow/82287398.cmsSynopsis The Federation of Indian Small and Medium Enterprises (FISME) also pitched for creation of a “war-room” to monitor prices of key raw materials
Assocham MSME chairman urges Centre to relax norms in view of second wave – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/assocham-msme-chairman-urges-centre-to-relax-norms-in-view-of-second-wave/articleshow/82320910.cmsSynopsis Assocham along with other national and regional organisations have urged the Centre to extend the deadline for statutory filings in view of the
crowdfunding: How crowdfunding is transforming lives – The Economic Times
Clipped from: https://economictimes.indiatimes.com/how-crowdfunding-is-transforming-lives/articleshow/82213708.cms?utm_source=Desktop&utm_medium=HP_ETGreatReads&utm_campaign=DPSynopsis The success of campaigns related to COVID causes launched by top Indian crowdfunding platforms proves their acceptance among the masses and the role
Inflation: Retail inflation for industrial workers rises to 5.64% in March – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/retail-inflation-for-industrial-workers-rises-to-5-64-in-march/articleshow/82327437.cmsSynopsis “Year-on-year inflation for the month (March) stood at 5.64 per cent compared to 4.48 per cent for the previous month (February 2021) and
India’s manufacturing industries pin hope on a speedy recovery – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/indias-manufacturing-industries-pin-hope-on-a-speedy-recovery/articleshow/82346948.cms SynopsisThere is still uncertainty on the demand front, and manufacturers are also hit by a shortage of raw material, restrictions on movements, diversion
Amazon India announces measures to help SMBs amid COVID-19 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/amazon-india-announces-measures-to-help-smbs-amid-covid-19/articleshow/82345740.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The e-commerce major said it is waiving 50 per cent of the ‘sell-on-amazon’ or ‘referral fee’ from May 1-31 for a section of
Poultry sector in trouble for the third time in 14 months on Covid surge – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/poultry-sector-in-trouble-for-the-third-time-in-14-months-on-covid-surge/article34448841.ece Broiler meat rates nosedive as production costs rise on costlier soyameal, edible oils India’s poultry sector, valued at nearly ₹90,000 crore, is going
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