To benefit the farmers with better price for raw cotton, the Centre shall also bring the cotton yarn under MEIS coverage, said the Confederation of Indian Textile Industry.

Caracas, which buys medicines and other products from India, is looking for alternative payment methods after the United States imposed stringent sanctions on Venezuela’s state oil firm PDVSA in a bid to push out President Nicolas Maduro.

In contrast, Indonesia’s improving fiscal status and aggressive monetary policy stance in the face of global headwinds have burnished the nation’s assets in the eyes of investors.

Established in February 2009, Star Union Dai-ichi Life’s (SUD Life) premium income stood at Rs 1,211 crore, while its profit after tax stood at Rs 55 crore during April-December 2018-19.

The Indiabulls board has constituted a reorganisation committee headed by SS Mundra, independent director on the board of Indiabulls and former RBI deputy governor, to undertake necessary decisions in relation to the proposed merger.

Total imports of shrimp by US for the first six months of 2019 remained flat at 300,683 tonne compared to 302,495 tonne imported during the same period of 2018. Overall, US imported 695,332 tonne of shrimps last year.

To bounce back from the pandemic quickly, India needs a stimulus package of at least 5% of GDP that focuses on broad-based development in laggard eastern states.

Just seven of India’s 993 Universities have online-education licenses; Meanwhile, as the Lockdown shows, Foreign varsities make hay of the Indian demand for online courses.

Even a 25% fall in their incomes due to the lockdown will make 354 mn more people poor. fixing this with cash transfers will cost the govt Rs 19,500 cr per month.

The trend of low power demand, now furthered in the post-Covid economy, and increased RE generation, will continue to put a ceiling on the PLF of the thermal fleet.

Even supporting the poor—whose numbers will double—can cost Rs 65,000-130,000 crore per month

Extending the lockdown well beyond mid-May would shave 8-9% off the real GDP. but, the damage being done doesn’t seem to be filtering up to those in charge

India’s Achilles heel on ratings is its parlous state of fiscal affairs and the risk of a sharp deterioration of government debt to potentially ~75-80% of GDP.

The need is for a temporary unemployment benefit scheme for up to 100 days a year similar to the MNREGS so that urban workers do not suffer during short periods of unemployment.

The Covid 19 crisis is an opportunity to redefine tax policy and law. A calibrated approach to balance welfare economics with a vision to pioneer economic activity and national growth is needed.

With crude price low, the govt should think of moving completely to DBT for food, fertiliser and power.

India’s share of world manufacturing output is just 3%; it can easily be raised to 6% in 3-4 years, and 15% by 2030

In an unprecedented crisis, you would expect them to take full responsibility for lakhs of poor; as they did in ancient times.

With the lockdown gradually easing, mobility data has begun to tick higher. But, a sudden rise in the Covid-19 proliferation rate, and working capital requirements, may add more road bumps ahead

The Katoch committee, in 2015, had proposed several measures like setting up parks for API, providing capex, and subsidised loans to boost domestic production of APIs.

India is better placed to manage uncertainty arising from different monetary policy...

With more than 49,000 positive Coronavirus cases in India, rolling out a vaccine has become a key focus for Indian scientists and researchers.

According to an official source, it has not been ascertained from where these doctors, nurses and paramedic staff have acquired the infection.

WBC heavyweight champion Tyson Fury has teased on social media that some "massive" news is soon to be released by his management company, sparking rumors that a title unification bout with Anthony Joshua is just around the corner.
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As trade tensions escalate between Washington and Beijing, India is boosting efforts to lure more than 1,000 US businesses out of China, reportedly offering to ease tax and labor laws, and allowing easier access to land.
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More than a hundred soldiers were involved in a confrontation along the contentious Indian-Chinese border in the Himalayas, Indian media reported. The encounter allegedly left injuries on both sides.
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DeepIntent applies AI to data to identify medical and patient audiences for healthcare marketing, track them across devices, and deliver impactful messages

Even agri-exports as a share of GDP is fairly lower for India relative to the rest of the world despite being one of the largest producers of agri-commodities globally.

PM Modi said that the action should be taken for a more proactive approach to handhold the investors.

According to Dun & Bradstreet's latest Economy Forecast, the changes in consumer behaviour will determine the segments that are likely to flourish after the pandemic is brought under control.

Kumar said as long as the lockdown continues, economic activity will remain tepid, but "demand should be there in the economy" and the question of logistics can be taken care of. The SBI chairman also said complete easing of the curbs is still some time away.

He added that the Department for Promotion of Investment and Internal Trade is working to create a genuine single window for setting up factories and manufacturing units.

BHEL has released an Expression of Interest (EOI) inviting global companies to leverage its facilities and capabilities for setting up a manufacturing base in the country.

Curiously, the majority of those who say they want their economies to restart before the virus has been contained also report being “very nervous” about leaving home.

Even as India is the second-largest consumer of gold, it imported only 50 kg of gold in April, compared to 110.18 tonnes in the same month a year ago.

The agency said India's fiscal position has been weak for a long time now and is a major factor constraining sovereign credit rating along with the government debt.

Explaining why online learning has changed the education scenario, the Indian-origin economist said that with classes going online, someone in India can now take a course at MIT.

In a major announcement today, Madhya Pradesh CM Shivraj Singh Chouhan has proclaimed that new registration and license for companies, shops, etc, in MP will be done in one day, compared to 30 days.

The economic and social fallout of COVID 19 is huge on these migrant workers. The immediate wage loss and uncertainty painted by the gloomy economic prospects further worsens their situation.

Chief Minister Yogi Adityanath’s UP government has announced to waive off mandi fee for 46 perishable fruits and vegetables.

The latest move by the UP government has exempted businesses from the purview of almost all the labour laws for the next three years.

Moody's had, in November 2019, downgraded India's outlook to negative from stable on concerns of lower economic growth.

Moody's said high government debt, weak social and physical infrastructure, and a fragile financial sector face further pressures due to the coronavirus outbreak.

In consumer goods, the textile and clothing sector; food products; and crop and animal production have the highest comparative advantage in India.

The new labour reforms will promote ease of doing business in the state. however, it is crucial that companies safeguard the interests and wellbeing of the labourers.

After the representation for businesses and tourism from Indian officials as a move could be seriously jeopardized, the governments of Hong Kong drops plan to scrap visa free entry for Indians. Scrapping programme for Indians was considering the former…

Coronavirus cases in India live news:

In April, Prime Minister Narendra Modi in a telephonic conversation with South African President Cyril Ramaphosa had conveyed India’s "full support" to the African continent to deal with fighting the spread of COVID-19.

Ambassador Sandhu also expressed some of the cooperation the US government has shown in the evacuation effort by the Indian government for its citizens stranded in the US post the lockdown across the world.

Inspector General of Police Vijay Sakhare said all arrangements are in place to facilitate the safe stay of those repatriated, comprising 440 Keralites and people from other parts of the country.