Apart from textiles, gems and jewellery, engineering, chemicals and petrochemicals, which are the sectors where the state has proved its strength, the new policy will focus on potential sectors such as agri business, fisheries and informal sector. Emerging sectors such as IT/ ITEs, nano technology, biotechnology, non-conventional energy resources have been given priority in the policy.
Experts say the focus is on preserving liquidity as there is uncertainty over the duration and impact of the 21-day nationwide lockdown imposed to check the spread of COVID-19.
The terrorist attack in Mumbai has come as yet another blow to the Indian automobile industry, which is already reeling under a sales slump due to high interest rates and lack of finance availability.
'What is proposed is that we tax payers pay Rs 1,000 per month to selected JanDhan accounts of poor families.' 'I am sure there are at least 10 crore Indians for whom Rs 1,000 is no big deal.'
Experts attribute this trend to a combination of end of capital expenditure cycle, increased automation, RIL's preference for time-bound labour contracts, and telecom and retail's outsourced human resource model.
The strident support from the hotels comes at a time when the industry is itself caught off guard with a sharp dip in both in-bound traffic from foreign markets, reduced domestic traction as well as a total shut-down of MICE business that has led the country top players by market cap to lose over half their value in just a little over a month.
Import duty on steel is a critical factor determining domestic steel prices. Auto component makers and automobile majors, faced with sagging sales over the last two quarters, have expressed strong reservations against the steel industry's demand for re-imposition of 5 per cent import duty on non-alloy steel (used to manufacture car bodies and stamped auto parts).
Over the past week, several unusual partnerships among start-ups, traditional businesses and hospitals have been announced, and several more are likely to materialise soon. The trend could see increased importance of gig workers, who are taking considerable risk to deliver goods to people in the time of a pandemic.
Do India's laws governing the Internet need revolutionary change, asks Ajit Balakrishnan.
The overall confirmed cases on the mainland have reached 81,518 as of Monday, which included 3,305 people who died of the of disease.
Based on a complaint by the legal head of the company Abhishek Parsheera, a case under various IPC sections including criminal breach of trust and cheating was registered against the two.
At a time when new car sales are witnessing record decline in India, pre-owned vehicles are likely to witness 10 per cent growth in sales to touch 4.4 million units in 2019 with millennials emerging as major buyers, according to a report by consumer-to-consumer marketplace OLX.
Future's home retailing interests, including furniture and furnishings, are housed under Praxis Home Retail, which was created in FY18 when the group demerged the business from Future Retail.
"We have to collectively address all doubts. The vision of flexibility with which this policy was brought... We will have to show in a similar way maximum flexibility in implementing it," Modi said while addressing the 'Governors' Conference on the Role of NEP in Transforming Higher Education'.
Key stimuli of the government's relief package will be a tax break on jet fuel, waiver of parking and landing charges at airports for the next six months and deferment of payment to oil companies by three months.
The rush for prohibition and the Supreme Court's decision to ban liquor sales within 500 metres from highways have hurt companies.
This year, both rural and urban markets have reported around 18 per cent fall in the first quarter. However, most auto majors expect that by January, there would be a pick up.
The escalating trade war between China and the US could be an opportunity for India.
Experts said the 20 per cent drop in the market poses a challenge for companies that have set the ball rolling on their IPO plans as valuations will now have to realign. This could entail more dilution or lowering of the issue size.
Kia has entered the Indian market at a time when the domestic automotive industry is facing the worst slowdown in more than two decades.
The steel industry has proposed a slew of measures that will bring down prices by 12-15 per cent with immediate effect.
Railway Budget on Thursday spared passengers and goods movement from any rise in tariffs.
Concerns over economic slowdown, muted earnings, crisis in the auto industry and global trade issues have been weighing on investor sentiment, experts said.
Kaushik Khona's second innings at GoAir will be more challenging than the first. Globally, the aviation industry is in deep distress because of the pandemic, reports Aneesh Phadnis.
Gartner is of the opinion that Indian IT industry will not suffer a slowdown, even in face of US recession.
A third of the total restaurant market in India - valued at Rs 4.25 trillion - could be wiped out in the current financial year, since many players have simply been unable to sustain operations in the absence of customers.
Investors took the Yes Bank event negatively because it raises a question on the stability of the overall Indian financial system.
286 dealers closed down in 18 months, 32,000 jobs impacted. Maharashtra leads with 84 closures, followed by Tamil Nadu and Delhi. The worst-hit is the passenger car segment.
Reduction in fuel price was supposed to bring back good luck for Indian airlines. But with the global spread of coronavirus, airlines are being forced to rejig their network, cut flights, and delay launches.
Biden, 77, who served as vice president of the US for eight years from January 2009 to January 2017, would deliver his acceptance speech on Thursday.
From the rollback of customs duty on key electronic components to fast tracking delivery of goods imported from China, players are looking for incentives on several counts.
The ministry of defence has set a goal of $26 billion, including export of $7 billion for the industry by 2025-26 through its Defence Production Policy 2018.
The association in its state-level executive committee meeting held at Lucknow today expressed concerns over the government's decision to impose ban on Reliance Fresh.
Asks India Inc for a list of concerns in 4 weeks, to coordinate policy response within 60 days; FM says prevailing cynicism based on perception, not facts.
Mayawati recently appointed her brother Kumar as national vice president of the Bahujan Samaj Party.
The high-tech industry in the US has opposed the immigration bill being debated in the Senate, saying the measure as currently drafted would harm the American technology industry.
With zero growth facing Indian industry and the strong possibility of a bleak financial future ahead, the Congress's managers have to show that Sonia Gandhi's authority and charm are not on the wane. Which is why the election of the 13th President becomes crucial, says Sheela Bhatt
The export-dependent diamond processing industry, 80 per cent of whose earnings come from the US, is one among the sectors most vulnerable to the rising rupee.
While sales of compact cars, including models such as Swift, Celerio, Ignis, Baleno and Dzire declined, sales of utility vehicles, including Vitara Brezza, S-Cross and Ertiga, increased 26.3 per cent to 19,177 units as compared to 15,178 in the year-ago month.
The steel industry on Thursday assured the government that it will hold the price line for this month, despite rise in input costs and pressure on their margins, to help it fight inflation.
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