Somesh Jha &Amp; Subhayan Chakraborty

Stories by Somesh Jha &Amp; Subhayan Chakraborty

NPAs under Mudra scheme rise to 5% for public sector banks

NPAs under Mudra scheme rise to 5% for public sector banks

Rediff.com   24 Sep 2020

Former RBI governors Urjit Patel and Raghuram Rajan have also expressed worry about the Mudra scheme, particularly government's target-setting practice and the rising bad loans.

India Inc's biz sentiment has recovered: CII survey

India Inc's biz sentiment has recovered: CII survey

Rediff.com   21 Sep 2020

It bounced back from the historic low of 41 recorded in the April-June quarter, during the initial days of the pandemic and lockdown.

Covid: Some good news for ESI subscribers

Covid: Some good news for ESI subscribers

Rediff.com   18 Sep 2020

ESI subscribers to get Covid unemployment allowance within 15 days of claim. Payment will be made into bank account of the insured and Aadhaar will be used for identification.

More bad news for India's manufacturing sector

More bad news for India's manufacturing sector

Rediff.com   17 Sep 2020

Exim Bank pointed out that recent performance of the manufacturing sector in India is indicative of an underlying inertia.

Govt's plan to enter e-retail still in limbo

Govt's plan to enter e-retail still in limbo

Rediff.com   15 Sep 2020

The background work of creating a suitable digital architecture of a website also remains unfinished as it has been a challenge to shortlist technology partners.

Migrants must not bear cost of Covid: Centre to states

Migrants must not bear cost of Covid: Centre to states

Rediff.com   12 Sep 2020

Labour ministry guidelines say workers returning to cities must get housing, health insurance, facemasks. The Centre has also asked states to issue guidelines to employers to take care of the needs of migrant workers.

EPFO to pay 8.5% interest for FY20 in two instalments

EPFO to pay 8.5% interest for FY20 in two instalments

Rediff.com   10 Sep 2020

The remaining 0.35 per cent will be credited in December this year, if the EPFO is able to redeem its equity investments.

FM to hold review meeting with lenders on loan recast scheme

FM to hold review meeting with lenders on loan recast scheme

Rediff.com   31 Aug 2020

The focus of the meeting will be on enabling businesses and households to avail of the revival framework on the basis of viability, necessary steps like finalising bank policies and identifying borrowers, and discussing issues that require addressing for smooth and speedy implementation.

Changes in export policy can help India become $5 trillion economy

Changes in export policy can help India become $5 trillion economy

Rediff.com   27 Aug 2020

Created over the past 12-15 months, Niti's new Export Preparedness Index flagged the major intra-and inter-regional disparities in export infrastructure, problems in trade support and lack of unique exports as the main challenges hampering export growth.

More bad news: Core sector output shrinks for 4th month

More bad news: Core sector output shrinks for 4th month

Rediff.com   1 Aug 2020

Infra segment, refinery product impacted the most, even as contraction narrows in latest month.

Experts caution govt on trade deals with US

Experts caution govt on trade deals with US

Rediff.com   29 Jul 2020

Existing trade deals, especially the 2009 pact with the Asean bloc, have been panned by the Centre for not boosting exports but flooding the domestic market with cheap imports. Subsequently, New Delhi has called for reviewing FTAs with Japan and South Korea. Going by that, a trade deal with the US is unlikely to be beneficial, say experts.

Banks to resume wage revision talks with TU leaders on July 22

Banks to resume wage revision talks with TU leaders on July 22

Rediff.com   21 Jul 2020

The current wage revision for PSBs, as well as some private lenders, is due from November 2017 for five years - up to October 2022.

What does India export the most to China?

What does India export the most to China?

Rediff.com   14 Jul 2020

Though the government has been pushing for exports of high-value manufactured goods across major markets in place of raw materials and input goods, India's top exports to China remain in the raw materials category.

E-com cos told to display 'country of origin' on all products

E-com cos told to display 'country of origin' on all products

Rediff.com   9 Jul 2020

The development comes amid a growing clamour for the boycott of Chinese products in India, combined with the government's push for Aatmanirbhar Bharat.

PNB ready to disburse Rs 16,000 crore in loans

PNB ready to disburse Rs 16,000 crore in loans

Rediff.com   6 Jul 2020

'We have already sanctioned loans worth over Rs 3,000 crore to around 120,000 customers.'

Finally some good news for 32 mn construction workers

Finally some good news for 32 mn construction workers

Rediff.com   6 Jul 2020

Apart from Bihar, Chhattisgarh and Jharkhand, where none of the estimated 6.7 million construction workers got cash transfer benefits, the coverage of the construction workers was the lowest in Delhi, where only about 5 per cent of the estimated workers received cash under the PMGKY, followed by Kerala and Uttar Pradesh (22 per cent), among major states. In India, construction workers belong to the unorganised sector but account for the highest share of non-farm jobs after manufacturing.

Govt likely to fast-track import restrictions on 371 Chinese goods

Govt likely to fast-track import restrictions on 371 Chinese goods

Rediff.com   30 Jun 2020

The government has been gearing up to place tighter restrictions on the import of 371 items - ranging from toys and plastic goods to sports items, and furniture worth $127 billion.

What US companies want from India: Stable policy

What US companies want from India: Stable policy

Rediff.com   27 Jun 2020

Embargo on imports from a neighbouring country would send a chilling signal to foreign investors who look for transparency and companies with manufacturing units in India had requested the government to publish any change in port policy "to provide the business community with the visibility they need to function", says United States-India Strategic Partnership Forum.

Indian exporters feel the heat of India-China tension

Indian exporters feel the heat of India-China tension

Rediff.com   26 Jun 2020

The FIEO on Thursday reiterated that the Customs authorities at several ports in India had ordered a sudden examination of Chinese consignments without any official word from the government, and this may have led to the Chinese retribution.

How corrupt are India's contract labour laws?

How corrupt are India's contract labour laws?

Rediff.com   24 Jun 2020

Labour