Promising his full support, Gadkari also advised builders to send their representatives to ministries of housing and finance as well as the Prime Minister’s Office
Category: Economy
MSMEs: ‘Hand-to-mouth’ crisis for MSMEs fuels calls for more fiscal aid in India – The Economic Times
As the cash-flow for MSMEs dries up, and in the absence of any fiscal support, many will be forced to cut jobs to curb costs.
Falling billion-dollar deals over virus spur court fights – The Economic Times
Among the high-profile transactions that have become feuds are Mirae Asset Global Investments Co’s $5.8-billion purchase of a US luxury hotel portfolio from Anbang Insurance
1.6 billion informal workers in danger of losing their jobs: International Labour Organization – The Economic Times
Total working hours in the second quarter are expected to be 10.5% lower, equivalent to 305 million full-time jobs, than the last pre-crisis quarter, the
IT firms TCS, Infosys, Wipro to reduce subcontractors to control costs – The Economic Times
“We will be reducing dependency on contractors to some extent to optimize it (cost). Lateral hiring will be done for specific skills in a limited
Barclays CEO says ‘putting 7,000 people in a building may be thing of the past’ – The Economic Times
“The notion of putting 7,000 people in a building may be a thing of the past,” Jes Staley said. Barclays plans to reopen its Hong
Wall Street rallies on promising coronavirus drug – The Economic Times
All are well within 20% of their record levels, with the tech-heavy Nasdaq now within 10% of its high. The S&P 500 posted 6 new
Momentum portfolio rejig: Battered financials go out as FMCG, pharma take the cake amid pandemic – ET Prime
In January 2020, when ET Prime came up with its portfolio of momentum stocks, valuations were stretched and investors were already getting increasingly apprehensive, but
India maps out post-Covid export plan to take on China – The Economic Times
Medical textiles, electronics, plastics are some sectors whose exports can be promoted in coming months. India will look at areas where it has capability but
Announce the stimulus, now – analysis – Hindustan Times
It must be geared towards all businesses, not just one segment. There are indications that the government is working on a stimulus. Besides the fact
Amend the FRBM Act, and spend more now – analysis – Hindustan Times
Greater public expenditure is required for relief, medical response, demand stimulus, health infrastructure Pulapre Balakrishnan Only the government can counteract slowing private investment. Its non-interventionist
Facebook-Jio: A big deal to worry about | Deccan Herald
The deal between Facebook and Reliance Industries, by which the social media giant acquired a 9.99% stake in Jio Platforms, the holding company of Reliance Jio Infocomm and
India to suffer significant contraction, requires Rs 10 trillion stimulus: Former CEA Arvind Subramanian – The Financial Express
Speaking at the Indian Express e-Adda from the US, Subramanian said that distribution of food and cash are the two key tools India should be
Work From Home rules relaxation for IT-ITeS sector till July 31 – The Financial Express
The government has exempted the requirement of security deposit and agreement for WFH facility for OSPs. Also, the requirement of seeking prior permission for WFH
Saving the rural economy: The govt will have to deepen its procurement operation – The Financial Express
In the long term, the govt will have to deepen its procurement operations, expanding from the wheat-paddy complex. The total lockdown has further added to
7 crore traders exhort FM Sitharaman for Covid relief package; says domestic trade may collapse – The Financial Express
Ease of Doing Business for MSMEs: Traders’ body CAIT had recently announced a tie-up with the DPIIT to launch an e-commerce portal to facilitate the
It’s unfair to expect private businesses to foot the social security bill for lockdown – The Hindu BusinessLine
It is high time the Central and State governments stopped passing the buck and announced a concrete package for workers and businesses debilitated by the
All stakeholders must share blame for MCX crude futures crisis – The Hindu BusinessLine
SEBI, the intermediaries, trades and brokers should have been alert and made provisions for the negative oil prices The crisis in the settlement of April
Beating the pandemic of recession | Business Standard Column
Money should not be a consideration in protecting jobs, people and industry as the economy nosedives The Covid-19 pandemic is growing rapidly and multiplying human
Some sectors may take long to recover even post lockdown: Rating agencies – The Financial Express
Permanent demand loss is more likely in sectors such as retail trade, education, air, rail, road& water transport, logistics, real estate, entertainment, hotels & restaurants
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