INDIA
Lockdown 4.0: All your questions answered
We at Moneycontrol try to answer all your lockdown related queries to keep away the coronavirus blues.
BUSINESS
COVID -19 | Agri reforms can give the much-needed pricing power to farmers
Farmers often find themselves at the mercy of a buyers' group that dictates prices. Reforms in APMC, amendment in the Essential Commodities Act and an early price signalling system are aimed at dismantling many chronic distortions that have crept into India's agricultural markets over decades.
BUSINESS
Govt amends Essential Commodities Act to enable better price realisation for farmers
The removal of restrictions, based on an expert panel recommendations, will enable merchants to directly purchase produce from farmers in large quantities
BUSINESS
COVID-19 impact | Petrol and diesel are states' and Centre's trusted milch cows. Here's why
The lockdown announced to contain the COVID-19 pandemic has had a debilitating effect on both central and state finances.
BUSINESS
Home vs livelihood: The dilemma of transporting migrant workers to villages explained
On April 29, the Union Home Ministry allowed state governments to transport migrant workers, pilgrims, tourists, students, patients and others stranded due to the lockdown to their respective states from different parts of the country.
BUSINESS
Covid-19| Migrants’ prospects could still be better in truncated factories and construction sites
Such workers send back Rs 1.5 lakh crore annually to their families in villages; these money transfers serve 10 percent of households in rural India and finance over 30 percent of household consumption in remittance-receiving households, buttressing the importance of urban growth for rural families
INDIA
Coronavirus lockdown 3.0: Do’s and don'ts
Here are some frequently asked questions and do's and don'ts regarding the lockdown extended to curb the spread of the novel coronavirus outbreak.
BUSINESS
Coronavirus lockdown extended: All you need to know about what is allowed, what is open, zonal activity etc
Want to know what you can or cannot do during the extended lockdown, which shops will remain open, what is allowed or which zone you fall in? Read on to know answers to all your questions.
BUSINESS
COVID-19 fight | Reacting early to threat has kept us in good stead: Chhattisgarh CM Bhupesh Baghel
In this interview with Moneycontrol, he speaks about his strategy to contain the outbreak and the way ahead.
BUSINESS
Jio-Facebook could usher in Uberisation of India’s hyper-local micro shopping
The alliance offers an opportunity for the emergence of a new class of fintech companies to replicate the success of consumer durables financing schemes in micro and hyper-local shopping.
CORONAVIRUS
COVID-19| Centre looks at Rs 70,000 crore financial package for embattled power companies
The Union Power Ministry will likely take the proposal for Cabinet approval as early as next week, which could offer debt moratoriums and reworked loans over a seven to eight year period to power companies
CORONAVIRUS
Covid-19| Plunging crude offers India chance to top up its strategic oil reserves in underground caverns
India is raising its crude oil storage capacity to equivalent of 87 days of demand, which include 67 days’ worth of commercial stocks held by refineries
CORONAVIRUS
Covid-19| Can supply cancer and diabetes medicines at reasonable price, Biocon tells West Bengal government
The biopharmaceutical major, led by Kiran Mazumdar Shaw, has written to the West Bengal government offering medicines, including "additional support" services, to assist the state officials.
CORONAVIRUS
Exclusive | Full economic activity may resume only by September: Mark Matthews, Julius Baer
In an exclusive interview with Moneycontrol, he said the government will accelerate the reforms process to tackle the slowdown.
INDIA
COVID-19 | Sitharaman must press the reset button and present Budget 2020 2.0
Almost every component in the annual accounting exercise, and every element of assumption and projection now requires a second look
BUSINESS
Exclusive | COVID-19: NPPA seeks urgent supply details on gloves, PPEs, kits, and ventilators as hoarding fears rise
The drug regulator has also sought details of stock in hand of these items at the retail level –pharmacies, drug and chemist stores, amid fears of hoarding by retailers, producers and even wealthy individuals.
BUSINESS
Coronavirus pandemic| Under pressure, Gilead says will try to make remdesivir affordable
The American firm is conducting Phase III clinical trials for remdesivir, a potential drug for COVID-19
INDIA
Policy | Zero is not too far from 4.4; Repo at record low, inching towards CRR
A few more rounds of cuts, India may well be pushing close towards a theoretical possibility of zero percent policy rate regime
BUSINESS
COVID-19 | FM’s Rs 1.7 lakh crore package is a safeguard, the stimulus is on the way
The government has chosen to adopt a graded action plan, instead of a big bang one-off push to keep the lights on
INDIA
COVID-19 pandemic | Now is the right time for a ‘Helicopter Drop’ of money in India
It is inevitable that confining millions to their homes will have a direct bearing on the economy through sales and production losses. Economic growth is also a function of the speed at which transactions take place, described as the 'velocity of money’.
ECONOMY
Budget 2020 | In a difficult year, Sitharaman shows spunk for fiscal innovation, but targets ambitious
A lot depends on one-off revenues such as settling chronic tax disputes, LIC disinvestment and arrears of telcos
BUSINESS
Economic Survey 2020 | FY21 GDP seen at 6-6.5%; green shoots in sight but time to abandon biz-as-usual approach
It argued in favour of counter-cyclical fiscal measures to arrest the current slide, which may be seen as a nudge to the government to lower taxes to boost demand
BUSINESS
Budget 2020: Moneycontrol manifesto for Modinomics 2.0
There are heightened expectations that the budget will give a wide ranging policy impetus to turnaround the economy that is nursing multiple pain points.
ECONOMY
Policy | GDP at 4.5 per cent, time for FM to go for broke
India cannot possibly be in a situation where the highest effective individual tax rate at 43 per cent is nearly double the highest corporate income tax rate. This peculiar fiscal architecture needs immediate fixing.
