Coronavirus Lockdown: CAIT urges govt to reconsider economic package, says traders let down by exclusion
Industry body CAIT has urged the government to reconsider the economic package and announce measures to support traders, saying the community feels let down for exclusion from the Rs 20 lakh crore stimulus to aid the economy reeling from the COVID-19 crisis
Govt to further revise criteria for classifying 'medium' enterprises under MSME definition: Nitin Gadkari
Days after changing the definition of MSMEs, the government has decided to further revise the criteria for medium units by enhancing the investment and turnover limits to up to Rs 50 crore and Rs 200 crore respectively, Union Minister Nitin Gadkari said on Tuesday
Coronavirus Lockdown: Rs 6.45 lakh cr worth loans sanctioned by PSBs during 1 March-15 May, says Nirmala Sitharaman
State-owned banks have sanctioned about Rs 6.45 lakh crore worth loans to various sectors including MSME, agriculture and retail between 1 March and 15 May when businesses were reeling under the impact of COVID-19 crisis
Coronavirus Lockdown: Govt implements cut in employees' provident fund contribution to 10% for May, Jun, July
The Ministry of Labour & Employment has implemented the decision to cut employees' provident fund (EPF) contributions to 10 per cent from the existing 12 per cent for three months till July
Despite new measures to revive economy, govt's steps on Insolvency and Bankruptcy Code needs clarity
The impact that the changes to the IBC will result in could possibly only come to light several months from today.
Nirmala Sitharaman's COVID-19 package invites social criticism, but she may have more cards up her sleeves
Nirmala Sitharaman's advisers have been speaking of why fiscal prudence is important to avoid India being downgraded from investment grade by global credit rating agencies
The All India Council for Technical Education (AICTE) has requested all affiliated universities and colleges to allow up to 20 percent credit transfer in every semester through online courses provided by the central government’s SWAYAM platform.
Coronavirus Outbreak: Govt’s economic stimulus package won't stop GDP from contracting in FY21, say analysts
The government’s reform moves and stimulus package will only help the deeply-impacted growth process in the medium term of over three years and will not push up the GDP in the short term, analysts at two foreign brokerages said on Monday
Nirmala Sitharaman's economic package: Measures announced by govt to positively impact start-up ecosystem, says IAN
The slew of booster measures by the government will "positively impact" start-ups in the country, especially in sectors like social infrastructure, atomic energy and space exploration, by providing these fledgling organisations with a larger playing field and improving ease of business, according to Indian Angel Network
Sensex plunges over 800 points, Nifty slumps 227 points in early trade as economic package fails to impress
After hitting a low of 30,265.67, the Sensex was trading 731.91 points or 2.35 percent lower at 30,365.82. Similarly, NSE Nifty slumped 226.90 points, or 2.48 percent, to 8,909.95.
Is this government pushing India back to the Indira era? Idea of economic nationalism will work only if backed by structural reform
Narendra Modi, who had positioned himself over the years as a trade liberalist and a free-trade champion on global platforms such as Davos, has been taking an increasingly and distinctly protectionist turn.
Govt to soon take decision on OCI card holders to allay fears of temporary suspension of visas: Minister
A large number of Indian citizens whose children are OCI (overseas citizen of India) card holders and several people of Indian origin having the card are unable to travel to India, even for emergency reasons, because of the temporarily suspension of their long-term visa.
Coronavirus Outbreak Updates: Rajasthan reports highest single-day spike in cases as 242 more test positive; case count climbs to 5,202, toll touches 131
Coronavirus Outbreak Updates: Rajasthan on Sunday recorded the highest single day spike of 242 new cases and five more fatalities, officials said. The number of cases in the state stands at 5,202 and fatalities at 131.
Coronavirus Impact: 12 lakh EPFO members withdraw Rs 3,360 cr retirement savings during lockdown, says FM
The EPFO, under the Union labour and employment ministry, has settled a total of 12 lakh claims under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) package.
Coronavirus Outbreak Updates: Uttar Pradesh reports nine deaths, taking toll to 104; 203 more test positive, total rises to 4,258
Coronavirus Outbreak Updates: As many as 203 fresh cases have been reported in Uttar Pradesh in the past 24 hours taking the total tally to 4,258, reports News18.The new cases have been reported in Merrut, Rampur and Saharanpur districts.
Military experts welcome reform measures in defence sector, say proper implementation will help cut India's ballooning import bill on weapons
Finance minister Nirmala Sitharaman announced a series of initiatives to promote indigenous defence production which included making separate budgetary outlay to procure Indian-made military hardware, increasing FDI limit to 74% under the automatic route and generating a year-wise negative list of weapons whose import won't be allowed
Nirmala Sitharaman on Economic Package: Centre hikes FDI in defence, allows commercial mining of coal, opens space sector for private players in 4th tranche; key takeaways
Finance Minister Nirmala Sitharaman Saturday announced a slew of reforms in eight sectors such as allowing commercial mining of coal, raising FDI limit in defence prodcution, privatisation of power discoms in the UTs to opening up more air space of civil aviation, and the space sector among others as part of Centre's Rs 20-lakh-crore stimulus package to kick-start the economy
In easing agri markets and movement of produce, Nirmala Sitharaman has reiterated earlier promises; here are seven more urgently needed reforms
In terms of outlay, the agricultural reform announced by Finance Minister Nirmala Sitharman on 14 May is not as ambitious as other schemes.
Coronavirus Outbreak Updates: Mumbai, Ahmedabad among India's worst hit cities as COVID-19 count crosses 81,000
Coronavirus Outbeak LIVE Updates: The number of coronavirus cases in Ahmedabad district rose to 7,171 after 261 new cases were reported since Thursday night, officials said. Of the 20 COVID-19 patients who died across Gujarat during this period, 14 died at hospitals in Ahmedabad city, said Principal Secretary, Health, Jayanti Ravi. Death toll in the district thus reached 479.
Nirmala Sitharaman on Economic Package: Reforms for agriculture, farmers, fishermen will provide employment opportunities
The agricultural sector has been subjected to a host of restrictions which are no longer relevant.