The reforms announced in the mineral sector as part of the Covid-19 stimulus package are most welcome. The composite exploration and mining licence that has
MSMEs in need of immediate succour–Economic Times
While the provision of credit might suffice to help larger industry tide over the grim period of zero revenue during the lockdown, micro, small and
MSMEs still wary of fresh loans – The Economic Times
Micro, small and medium enterprises (MSMEs) expected a direct relief from the government in terms of waiving of electricity bills, payment of salaries, among others
Transporters demand relief package;warn supply of goods, essentials will be hit – The Economic Times
The coronavirus turmoil and the nationwide lockdown have taken the road transport ecosystem to dreadful levels, AIMTC said pointing out that about 30 per cent
Lenders see a payment recover as economy restarts – The Economic Times
Summary Small entrepenuers who had earlier opted for a moratorium on repayments are now paying a portion of their dues as the cash flow begins to
debt: Government may monetise debt if fiscal overshoots: Official – The Economic Times
Experts said the impact of the package on government finances will be about 1% of GDP. The government has already raised its borrowing target for
View: Policy shift in stimulus to serve farmers better – The Economic Times
These reforms were due long ago. An attempt was made in 2002 and 2003 to take agri commodities out of the ECA through government order.
India Covid economic package: Cash-strapped India’s economic plan unlikely to soften coronavirus blow – The Economic Times
A breakdown of the plan shows that the actual spending of the government is only about a tenth of the package. A breakdown of the
India should abandon budget gap aim this year, PM Modi’s adviser says – The Economic Times
“Fixing any fiscal deficit target is not possible this year because there are so many unknowns,” NITI VC said. The government had planned to rein
One-year IBC suspension plan leaves banks in a fix—The Economic Times
The plan will protect firms from bank action now, but any delay in revival will lead to a surge in cases later. MUMBAI: A one-year
IMF chief Kristalina Georgieva warns full global economic recovery unlikely in 2021 – The Economic Times
IMF Managing Director Kristalina Georgieva said data from around the world was worse than expected. Georgieva warned against retreating into protectionism as a result of
Where the relief and stimulus package falls short – editorials – Hindustan Times
It will not help individuals and businesses deal with the crisis Hindustan Times The need of the hour was money in hand, or simply, cash.
The economic package unpacked | Opinion – analysis – Hindustan Times
Additional government spending is negligible. Demand will remain low. The crisis will persist Pulapre Balakrishnan Union minister of finance Nirmala Sitharaman in New Delhi, May,
Economic package a lost opportunity; FY21 GDP to contract 7%: Bernstein | Business Standard News
The overall plan, in their view, was a general economic agenda and lacked substantive decisions to support consumption, promote manufacturing. Finance Minister Nirmala Sitharaman announcing
Govt withdraws order on compulsory wage payment by firms during lockdown | Business Standard News
Trade unions slam decision, employers welcome it, saying it was absolutely necessary especially in absence of grants from govt to industry for wage payment Over
Post-import expenses excluded for determining Customs value: Expert | Business Standard News
The charges for erection and training will not be included in the assessable value of the imported goods If you want the buyer or his
RIL mega issue to put Sebi’s ‘rights entitlement’ platform to test | Business Standard News
First issue since introduction of trading platform that allows eligible shareholders to sell their entitlement Despite being a new mechanism, experts feel RE trading will
MSME: CII poll finds Rs 1,819 crore of unpaid dues to MSME members – The Economic Times
The sample CII poll showed that about 32 per cent of the outstanding to MSMEs have been delayed for more than 2 years and about
Cement prices to rise by Rs 15-20 per bag and demand to fall by 30%: Crisil – The Economic Times
“Almost all the dealers foresee 10-30% drop in demand in fiscal 2021 due to delay/freeze in construction activity,” the report said. As markets reopen in
reliance rights issue: Shareholders to pay 25% for subscribing to RIL’s right issue now, balance next year – The Economic Times
Billionaire Mukesh Ambani’s firm had on April 30 announced fund raising of Rs 53,125 crore by way of a 1:15 rights issue – India’s biggest
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