The real estate sector in Maharashtra foresees a loss of Rs 2,000 crore (Rs 20 billion) due to the ban on extraction of sand by the Bombay High Court. The realty industry has sought the intervention of the state government to tackle the crisis.
The estimated size of the Durga Puja economy could be about Rs 2.75 trillion in 2021 had there been no pandemic, points out Atanu Biswas.
'Our government has created 10 million jobs when the Indian unemployment rate is at a 45-year high.'
'A strong foreign exchange reserve is the best safety net against global spillovers.'
Indian Railway's sustenance, freight traffic, - which accounts for about 70 per cent of its revenue - has been plateauing of late.
The CM recently instructed officials to prepare a roadmap for providing local jobs to about two million people, especially in the rural-based industries, such as khadi, dairy, and food processing units and MSMEs.
'Our people are crazy about cricket, but they are more crazy about their country, and their armed forces.' 'To the people of India, there is nothing that is above the nation, not even cricket.'
With longer work hours and a work from home set-up during the COVID-19 pandemic, women bore the maximum brunt by performing a dual role as a working professional as well as a caregiver.
It is in no way a government of the economic Right. The Right is limited to religion and nationalism. The rest is as Left as the Congress or any other party, observes Shekhar Gupta.
'The government has failed to understand the seriousness of the situation, and that's why they are underestimating the problem.' 'They think some tinkering here and there will fix the economy automatically.'
The telecom PSU plans to get back in black in two years; BSNL too has started discussions to lease out its towers.
Minister of state for petroleum and natural gas Jitin Prasada in a written reply to a question in the Lok Sabha said the finance ministry is yet to approve the oil bonds. Indian Oil, Bharat Petroleum and Hindustan Petroleum lost Rs 11,853 crore (Rs 118.53 billion) in revenues on not being allowed to raise LPG and kerosene prices in line with the cost during April- September.
In 2020 a round of hikes in customs duty on components like compressors, motors and printed circuit boards aggravated the situation, coronavirus crisis is now leaving manufacturers with no option but to hike prices despite fall in sales.
Losses, incurred in the past two years, have to be minimised, he says.
Finance Minister Nirmala Sitharaman on Friday hiked tax on petrol and diesel, raised import duty on gold, levied additional surcharge on super rich and brought a tax on high value cash withdrawals as she sought to spur growth with reduction in corporate tax and sops to housing sector, startups and electric vehicles.
'Several businesses like entertainment, hospitality, travel etc would never be the same again.'
The rush for prohibition and the Supreme Court's decision to ban liquor sales within 500 metres from highways have hurt companies.
At this point, it is crucial to think of solutions that will help flatten the curve and also generate income, says Pratyush Banerjee.
Combined net profit estimated to grow 14.6% year-on-year, against a 5.7% decline in the Dec 2015 quarter
On April 5, 2016, the Nitish Kumar-led government imposed total prohibition in Bihar. M I Khan crunches numbers for the REAL picture since then.
The private discoms that join the scheme would only benefit in terms of operational efficiency and there will not be any financial bailout
'Since the growth is not fast enough to provide jobs for the young, the fallout will be political and social,' warns T N Ninan.
The price of ensuring no disruption after rolling out the GST seems to be an imperfect GST with many relaxations in its compliance norms, says A K Bhattacharya.
The UNICEF said an estimated 2.4 million children have been affected by the recent floods in the country.
Oil firms' borrowings could fall by up to Rs 15,000 cr, govt's subsidy bill by 12% .
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Barring one, three are debt-free and sitting on large cash reserves.
Former wicketkeeper-batsman Adam Gilchrist has broken ranks with current and former players by backing Cricket Australia's pay offer and terming it as a `very fair deal`.
The company's operating losses for 2014-15 likely to climb a bit.
The Tamil Nadu chief minister may have opened a Pandora's Box on the religion front with the appointment of qualified non-Brahmin temple priests, observes N Sathiya Moorthy.
Reform ideas do not occur overnight and evolve over the years.
International cricket will gingerly ease out of a 117-day shutdown in Southampton next week but the scars of the COVID-19 pandemic will be clearly evident at the Ageas Bowl. An encounter between the fourth and eighth ranked teams in Test cricket is hardly a pinnacle but England's series against West Indies could offer a glimpse into a future where the game plods on under the shadow of the new coronavirus.
In a resolution passed at its national assembly in Haridwar, the SJM said the Modi government's proposed strategic divestment of PSEs was an "imprudent business decision" and "against national interest".
A swift recovery in oil demand in India is not only helping the stability of the global market, it is giving huge fiscal headroom to the government in terms of additional excise duty.
The airline expects seat occupancy of 77.7 per cent on domestic routes.
Three fuel retailers -- Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited -- lost about Rs 26,618 crore (Rs 266.18 billion) in revenues on selling petrol, diesel, domestic LPG and kerosene below cost during the first half of the current fiscal, a ministry official said.
Why do I want to bring corporate tax from 30 per cent to 25 per cent? I have to attract investment in this country -- not just international but domestic.
Air India is aiming to improve its financials by pruning loss-making flights, improving fleet use, increasing web sales and selling & leasing back 14 Boeing 787s by March-end, top airline executives said on Monday.
While hotels and FMCG saw weak top line growth, most segments witnessed Ebit margin contraction.
It is time to take a few macroeconomic risks to kick start the growth.
