The letter has urged, mainly for wage subsidy to large employers, on the lines of the Netherlands and Australia .

CPC used a web-based survey to reach out to 1,252 respondents in 31 cities and towns of Maharashtra.

Out of 230 lakh tonne annual consumption, only a third of it is met via domestic production. Edible oils prices have gone up as the country’s 600 refineries, 500 solvent plants and 10,000 crushing mills have reduced output by half compared to pre-Covid levels, industry experts said.

At the same time, long term FPI investment limits in G-secs have been brought down to Rs 1.03 lakh crore from the prevailing limit of Rs 1.15 lakh crore  a reduction of almost $1.5 billion.

A majority of sugar companies decided to make hand sanitisers to supply to hospitals by using a part of the ethanol/ENA production, thereby ensuring that the country does not face any shortage of good quality hand sanitisers.

Kerala has the country's highest Covid-19 recovery rate with218 out of the 387 coronavirus positive cases recovering . The state has also decided to increase the number and extent of testing, chief minister Pinarayi Vijayan told mediapersons.

Banks have been facing difficulty due to the shutdown following COVID-19 pandemic and a cut in LCR requirement is likely to manage their liquidity effectively.

For Kerala, this would mean the mandate to borrow up to Rs 18,000 crore to address its capital expenditure squeeze.

According to the June 7, 2019, circular of the RBI, banks had to make additional 20% provisioning for the cases where resolution could not be reached over a period of 210 days, after signing the inter-creditor agreement.

Meanwhile, the UP government had, on Thursday, issued an order allowing nine types of industries to run conditionally with essential services.

As per data from the Reserve Bank of India (RBI), the total reserves stood at $476.475 billion at the end of the week.

The measure has been taken by the RBI to meet sectoral credit needs at a time when the institutions are facing difficulty in tapping the market.

Prior to RBI’s announcement on Friday, three-month moratorium was limited to accounts whose installments were falling due after March 1, 2020.

According to sector experts, NBFCs' outstanding credit to the commercial real estate stood at Rs 1.29 lakh crore as on September 30, 2019.

A banking analyst told FE: “As of now, the directive is about retaining profits, but if it is extended beyond September, there could be a stock impact.”

With the increased WMA limit, state governments are expected to plan their market borrowings in a better way rather than bunch up their borrowings, leading to oversupply issues.

As for growth, the governor stuck to sharing the International Monetary Fund's (IMF) view on India's growth, offering no forecast from the central bank.

The need of the hour is to promote remote working and expand gig economy, speakers at a Niti Aaayog-organised Webinar said.

The move comes after renewable companies made representations to the government to allow a blanket extension for six months to overcome supply-side disruptions in completing the projects.

She also encouraged the NDB to take appropriate steps to join the G-20 forum, along with the multilateral development banks and international financial institutions.

Among the possibilities, the government could garner some revenues from sale of the BPCL’s 61% stake sale in Numaligarh Refinery, which will be sold to state-run firms.

Ginning units are not keen on buying cotton since most of the workers have left for their villages and they do not have the capital to buy cotton and other processing units are also shut.

The ministry of home affairs (MHA) had on April 19 issued a detailed standard operating procedure while allowing suitable deployment of their skills. As per Census, 2001, the total number of internal migrants in India was 309.385 million.

Since 2009-10, the SMP has been replaced with fair and remunerative price (FRP) and some states like Uttar Pradesh continue to announce state-advised prices which are higher than FRPs.

RBI notified that it will buy long-dated bonds maturing in 2026, 2028, 2029 and 2030 while it will sell short-dated securities maturing between June 2020 and April 2021. Both the purchase and sale will be worth Rs 10,000 crore each.

In view of the massive disruption to economic activity due to Covid-19 impact and likely huge shortfall in revenues, the council felt that fiscal response to the crisis should be much more nuanced.

Pawar’s letter to Modi dated April 25 echoed similar demands raised by many states including Kerala and Punjab, and underlined the notion that cutting spending was hardly an option for states at this juncture.

The government has taken measures to contain expenditure, like freeze on its employees’ dearness allowance; it has also announced a relief package to support the vulnerable and disadvantaged sections.

In the case of Covid-19, hazardous waste is being generated in hospitals, quarantine zones or red zone areas within cities. They are potential sources of Covid-19 and can cause further spread within the locality.

Although there is no concrete proof, experts believe a large chunk of this is likely to be T-Bill purchases by the RBI from the secondary market.

The state government, in its order, said that the employees' salary for six days every month would be deducted for the next five months.

However, the Bench refused to interfere in the matter after the petitioners informed the judges that they were not personally affected and had filed the PILs in public interest.

Crisil expects GNPAs for the financial year 2020 to remain at 9.5%. Considering the Covid-19 impact, Crisil has projected GNPAs in the range of 11-11.5% for the financial year 2021.

Delhi’s Azadpur mandi, the country’s largest market yard for these items, saw arrivals of onion, tomato and potato drop by 14-31% during April 16-30 from the previous fortnight.

State governments seem to have collected the lowest-ever inflation-adjusted monthly tax revenue in April.

The central government will likely ramp up market borrowing in the second half of this fiscal, but may be forced to stick to its target for the first half at the moment.

With the countrywide lockdown set to continue for two more weeks, banks have urged the Reserve Bank of India (RBI) to extend the three-month moratorium on loans by another three months beyond May 31.

The National Financial Reporting Authority (NFRA) has floated draft procedures for submission of audit logs to the regulator by audit companies and chartered accountants (CAs).

Indian manufacturing saw its worst contraction in April, as a nation-wide lock-down hit fresh orders and businesses cut staff at a record pace.

The Hybrid Annuity Model (HAM) for highway projects that insulates private developers from virtually any commercial risks, is putting stress on the highly-leveraged balance sheet of the National Highways Authority of India (NHAI), and should therefore be ‘downplayed’.

The Delhi High Court on Tuesday allowed taxpayers registered under Goods and Services Tax (GST) to claim accumulated CENVAT credit from pre-GST regime till June 30, 2020, and noted that the benefit of transitional credit will be applicable for three years (since launch of GST on July 1, 2017) which is the period mentioned in the limitation Act.

Nobel laureate Abhijit Banerjee has recommended that India offer cash to the poorest 60% of its population and waive off loan repayments for small businesses in the June quarter, as he pitches for a large enough fiscal package to stimulate demand in the economy ravaged by the novel coronavirus crisis.

The SARFAESI Act, which is now rarely being used after the Insolvency and Bankruptcy Code has come into existence since 2016, allows banks to seize, take control, manage and sell assets of defaulting borrowers without the intervention of any court/tribunal and also ensures speedy recovery.

The section can attract a fine of Rs 1,000 or imprisonment up to six months.

The Tamil Nadu government has decided to hike prices of liquor by up to Rs 20, as it is readying itself to open liquor outlets on Thursday.

The issue faced by migrant workers took the centre stage as labour minister Santosh Kumar Gangwar met the representatives of 12 central trade unions (CTUs).

The e-way bill generated on or before March 24 and expiring during the March 20-April 15 period would now be valid till May 31.

"It is the time to review the policy of cross subsidisation of power as this plays a part in making our industries non-competitive,” former finance secretary Subhash Chandra Garg said at an online panel discussion on the power sector.

As the lockdown in China was lifted from the beginning of April 2020 onwards, spinners there have been scaling up operations.

Born in Ait Lahcene, near the Kabylie capital of Tizi Ouzou, then part of French Algeria, he studied to be a geologist, but his life took a turn in 1973 when he was called up as a last-minute replacement on the radio to sing the Berber lullaby 'A Vava Inouva.'