Home Economy

Economy

With industries set to reopen, NDMA issues workplace safety guidelines for factories to contain COVID-19 spread

The measures include 24-hour sanitisation of premises; temperature check of all employees twice daily; providing face shields, masks & PPEs; creating physical distancing by...

FM: Rs 18.2K crore paid to 9.13 crore farmers under PM-KISAN, 3 crore avail moratorium benefit

Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, each farmer gets Rs 6,000 of income support in a year in three equal instalments...

Job losses for 20.5 million Americans herald more pain to come

The coronavirus pandemic brought the U.S. economy to a standstill after a record-long expansion, with April’s losses erasing roughly all of the jobs added...

Pharma sector missed FY20 export target of $22 bn, says industry body

Exports in this sector grew 7.57 per cent, as against the targeted 15 per cent, to touch $20.58 billion, with shipments dropping nearly 3...

Moody’s cuts FY21 growth forecast to 0%

The global rating agency had in November 2019 revised down its outlook for India from stable to negative, although its sovereign rating of Baa2...

Post-Templeton fiasco, credit risk funds see outflows of Rs 19,238 crore

The total corpus of credit risk fund category declined sharply to Rs 35,222 crore from around Rs 55,000 crore in March. Credit risk schemes and...

COVID-19 Effect: Employer bodies seek longer working hours, easing of some provisions for 2-3 years

The suggestion to suspend labour laws follows the Uttar Pradesh government’s move to bring an ordinance this week to suspend all labour laws, barring...

Fiscal strain: FY21 govt borrowing pegged at Rs 12 lakh crore, up 53% from BE

The fiscal deficit is set to shoot up sharply, indicating that the government has limited space to push through a massive fiscal stimulus to...

Bank of England: UK economy could shrink 30% in H1

It also said that consumer confidence has declined markedly and housing market activity has practically ceased. The Bank of England has warned that the British...

Gujarat: Allow salary cuts of employees — Industrial bodies write to govt

"While on one hand, the production is almost at a standstill, the units have to bear some fixed expenditures like bank EMIs, rent and...

Lockdown pulls India’s service sector activity to standstill in Apr; PMI hits record low

The IHS Markit India Services Business Activity Index stood at 5.4 in April, an extreme decline from 49.3 in March, and indicative of the...

From capital to labour to credit, small firms on the brink, have emergency wishlist for govt

Given that this sector is responsible for an estimated 11 crore jobs and accounts for 30 per cent of the GDP, and a prolonged...

Lockdown effect: ‘Manufacturing PMI shrinks at fastest pace ever’

At 27.4 in April, the seasonally adjusted IHS Markit India Manufacturing PMI fell from 51.8 in March. India’s manufacturing activity witnessed an unprecedented contraction in...

UK starts state-backed loans for smallest firms

But many companies said they struggled to secure bank approvals, putting pressure on Sunak to provide full state guarantees for commercial loans to the...

India’s manufacturing sector activity hits record low in April amid lockdown: Survey

Amid widespread business closures, demand conditions were severely hampered in April. New orders fell for the first time in two-and-a-half years and at the...

Salons to stores to cafes: small services stare at end of road

Wait for safety net as Covid threatens operations built on savings, struggle FROM a South Mumbai cafe that wound up after 10 years in operations...
Need Help? Chat with us