BUSINESS
Without ancilliary services, MSMEs can't resume operations even after April 20
More than Rs 35 lakh crore worth of goods of MSMEs are stuck on the road, which include both essential and non-essential products.
BUSINESS
Lockdown extended till May 3: Apex exports body FIEO slams move, says industry may see 15 million job losses
Disappointed with this decision, the Federation of Indian Export Organisations said there needs to be a calibrated approach on the opening of the economy.
BUSINESS
COVID-19 crisis an opportunity for India to become a manufacturing hub: Nitin Gadkari
Several countries, including Japan, have indicated they would be moving their manufacturing operations from China to other countries.
BUSINESS
Less than 6% truck drivers on duty, transport sector seeks insurance cover for drivers
To ensure drivers return to work, AIMTC is has sought government intervention for medical insurance to be declared for all truck drivers resuming duty.
BUSINESS
Manufacturing, construction should be allowed at 25% capacity post-lockdown : CII
The CII report recommends banks provide additional working capital equivalent to three-month salary or wage bill at interest rates between 4% to 5%.
BUSINESS
FICCI says India can't afford prolonged lockdown, suggests plan for staggered exit
The exit strategy should normalise economic and social activity and yet contain the disease from getting out of control, FICCI said in a note
BUSINESS
Coronavirus impact | MFIs feel there will be pent-up demand for loans after lockdown ends
"A large section of our population is self-employed. We expect a bounce back since this self-employed low-income segment is perennially credit-starved," said Harsh Shrivastava, CEO, Microfinance Institutions Network.
BUSINESS
Coronavirus pandemic | FICCI says economy needs a stimulus package of Rs 9-10 lakh crore
There is an immediate need for a significant stimulus of Rs. 9-10 lakh crores, according to a Business Continuity Plan report by FICCI.
BUSINESS
Coronavirus impact | Ports sector suffers as cargo vessels remain stranded
Representatives from the ports sector have raised concerns over the high operational cost and congestion at ports, shortage of labourers, movement of workers and truck drivers, et al, due to the lockdown
BUSINESS
Coronavirus-induced lockdown: SMEs staring at a bleak future
SMEs need an interest waiver of at least six months to get businesses running again, according to Mukesh Mohan Gupta, Chairman, CIMSME.
TRENDS
Inbound travel may see negligible business until September: Industry experts
As per IATO estimates, the hotel, aviation and travel sectors together may incur losses of about Rs 8,500 crore.
BUSINESS
Supply chain faces disruption with over 5 lakh trucks stranded at state borders
Due to lack of availability of food and other amenities, most drivers have parked the trucks on highways.
BUSINESS
Economic Survey 2020 | Road construction slows down to 12 km per day in first half of 2019-20
While road construction has been on a steady rise from 17 km per day in 2015-16 to 29.6 km per day in 2018-19, the sector has witnessed a slowdown in the first half of 2019-20.
BUSINESS
Government plans to utilise 480 highway projects to raise funds from banks: Nitin Gadkari
"We have 480 bankable projects today for which we can raise loans and repay it," said Gadkari.
BUSINESS
Budget 2020: Highway sector allocation may increase by Rs 8,000-10,000 cr
The Road Ministry plans to allot 22 new greenfield corridors comprising six expressways and 16 greenfield corridors this year, covering a span of 7,500 km.
BUSINESS
Infra loans: Have spoken to RBI Governor Shaktikanta Das, says Nitin Gadkari
"I met the RBI Governor on Sunday (January 12). I have requested him to allow infrastructure loan financing for a period of 30 years. He has taken note of my request," said Gadkari.
ECONOMY
Remove curbs on peas, urad imports: IPGA
The Ministry of Commerce last month levied Rs 200 per kg as minimum import price (MIP) on peas.
BUSINESS
Nobel laureate Abhijit Banerjee suggests govt not cut corporate tax further, should focus on demand
The economist suggested the government should consider direct cash incentives to boost demand.
BUSINESS
Barco India MD Rajiv Bhalla bullish about healthcare and entertainment sectors
"There is a huge potential for cinema screen expansion in India. In the healthcare space, several hospitals still use consumer grade displays," he said.
BUSINESS
Indian corporate entities concerned about negative impact of climate change on economy: Report
"As weather conditions become increasingly more severe across the globe, it is crucial that businesses across India have access to timely and accurate weather data to be prepared," said Cameron Clayton, General Manager, IBM Watson Media and Weather.
BUSINESS
Here's all you need to know about Ships Recycling Bill, 2019
The Bill paves the way for global ships to enter Indian shipyards for recycling.
BUSINESS
Ship Recycling Bill will double India's share in recycling industry, increase jobs : Shipping Minister Mansukh Lal Mandaviya
At present, around 1000 merchant ships are recycled every year, of which thirty percent are sent to India for recycling.
BUSINESS
Walmart launches training programme for MSMEs
MSMEs will be equipped for both online and offline growth, aiding to become a part of the supply chains of Flipkart, Walmart Global Sourcing and Walmart India.
BUSINESS
Will discuss GST-related issues of MSMEs with FM Nirmala Sitharaman: Nitin Gadkari
He said that MSME is an important sector and its vibrancy is crucial to achieve the target of becoming a $5 trillion economy.
