Economy

Immediate impact on energy demand Multiple risks remain though India is expected to restart selected manufacturing after 20 April 2020 and yet the Prime Minister Narendra Modi extending the lockdown to 3 May. Gavin Thompson, vice chairman for energy in...

Govt signal on India normalizing The opening of all export industries, large as well as MSMEs including Special Economic Zones and Export-oriented Units will help exporters to execute whatever little orders remain with them after huge cancellations in the last...

Over 50% orders cancelled FIEO President Sharad Kumar Saraf has sent out SOS call, pointing out that export sector may lose over 15 million jobs unless the Government announces immediate relief. He was reacting to the extremely lowered forecast for...

India’s $23bn relief package commended Asian Development Bank (ADB) is preparing US$2.2 billion immediate assistance to the Indian health sector, its President Masatsugu Asakawa announced on 10 Arp 2020 after making a call to Finance Minister Nirmala Sitharaman. “ADB is...

Be practical, Goyal tells industries Commerce and Industry Minister Piyush Goyal has told the industries to have a calibrated and rational approach to the problem faced during COVID-19, by evolving protocols and procedures. Such approach will help them in improving...

75% economy below trend Another tranche to alleviate hurt to demand and businesses is expected, following the Rs.1.7 trillion to help vulnerable parts of society, said Singapore bank DBS Group on 9 Apr 2020. Yet fiscal response is still being...

Govt urged to help trade and Industry during COVID-19 The PHD Chamber of commerce and Industry in its short-term and long-term suggestions to the government has suggested a stimulus package of Rs.11 lakh crore from the Government to mitigate the...

Affordable housing: 6.1 lakh under construction The COVID-19 pandemic is all set to derail the growth momentum of affordable housing in 2020, making it one of the worst-affected segments. Approximately, 6.1 lakh affordable units were under construction across the top...

Goyal wants to reboot the economy Commerce and Industry Minister Piyush Goyal has told exporters to think big and be ready to harness the opportunity in the post-COVID-19 era. “If we improve our quality, build capacity, bring in economies of...

Sood calls for $100bn cash infusion in 3 months The ASSOCHAM has recommended a stimulus package of at least US$200-$300 billion and a 16-point agenda to thwart one of the deepest global recession expected in the world’s history. Elaborating on...