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Centre likely to fast-track changes for uniform flexi labour laws

Top policymakers have begun discussions on a framework that will attract investors looking to shift manufacturing to India, a senior government official told ET.

Atmanirbhar Bharat Abhiyan: FM Nirmala Sitharaman announces special reforms to enhance ease of doing business, new PSE policy

In the last and final session of announcements for labour, land and liquidity support by centre, Finance Minister Nirmala Sitharaman announced reforms in Corporate Laws Act to benefit MSME sector and new Public Sector Enterprise policy as part of the Atmanirbhar Bharat Abhiyan project unveiled by Prime Minister Narendra Modi on Monday, May 11, 2020. Watch!

Govt mulls credit guarantee scheme for loans for payment of wages by MSMEs

Currently, banks are offering an extra line of credit of 10 per cent based on working capital limits, which the government intends to increase further.

Alexa, report to the e-commerce regulator

​​​The intention is to bring all B2B, B2C, consumer-facing, consumer-based content platforms, apps-based commerce and IoT device-based services under the policy, potentially engulfing products like the Amazon Echo, which is powered by artificial intelligence-driven virtual assistant Alexa, and MG Hector, the Internet-enabled vehicle from Morris Garages in the regulatory realm of e-commerce.

Covid-19: Revival of economy through tax measures

The government (GoI) has so far been very supportive and empathetic towards businesses and was quick to respond through delayed application of few amendments introduced in Finance Act 2020 (FA 2020) along with relief measures on various tax and other statutory compliances announced subsequently.

Several states extend working hours from 8 to 12 hours in factories

This is expected to boost manufacturing and supply of essential goods and services without violating the home ministry’s guidelines on working with reduced staff to maintain social distancing to curb the spread of Covid-19. Rajasthan, Himachal Pradesh and Gujarat have already announced the change.

View: The grey areas in India's new FDI rules

It’s the lack of clarity that makes one wonder if the note was a knee-jerk reaction, or a well-thought-out strategy.

ASSOCHAM recommends stimulus package of $200 to $300 billion to tide over the COVID-19 challenges

The chamber said that in keeping up with most economies of the world to institute stimulus measures with 10 percent of the Gross Domestic Product (GDP), the Indian economy would need a transfusion of over $200 billion with an ability to go up to $300 billion, over the next 12-18 months.

Experts peg India's cost of Covid-19 lockdown at USD 120 bn

Barclays specified the cost of the three-week nationwide lockdown to be alone at USD 90 billion, which is over and above the lockdowns announced by various states like Maharashtra earlier. They also said that the RBI is most likely to go for a 0.65 per cent rate cut in the April review and will slash interest rates further by 1 per cent during the course of the year.

View: India's virus-stricken economy is in a dire need of a vaccine

India cannot — and need not — let its economy be sacrificed at the altar of COVID-19 mitigation.

Before you regulate, streamline

Before you regulate, streamline

​​Without any protocol for resolving conflicting views between regulators on the same issue, stakeholders such as the parties involved in disputes, as well as consumers, at large suffer. Moreover, the regulatory burden for entities involved to supply information, litigate at multiple fora, etc, adding to the cost and (un)ease of doing business.

Fitch cuts India growth forecast to 5.1% for FY'21 in wake of coronavirus outbreak

Fitch cuts India growth forecast to 5.1% for FY'21 in wake of coronavirus outbreak

In its Global Economic Outlook 2020, Fitch said the number of people affected by coronavirus will keep rising in the coming weeks but that the outbreak will remain contained. However, there are downside risks to this scenario.

View: Step back, strategise, build, Covid-19 may be the black swan of 2020s.

View: Step back, strategise, build, Covid-19 may be the black swan of 2020s.

Structural and cost disadvantages have held India back. Absence of local supply chains, high manufacturing and logistics costs, combined with financial and fiscal incentives provided by the likes of Vietnam, puts India at an extra 8-10% disability. To change this, a bespoke production-linked incentive for mobile manufacturing is needed.

No timeline fixed for release of e-commerce policy: Piyush Goyal

No timeline fixed for release of e-commerce policy: Piyush Goyal

On February 23, 2019, the first draft of the National e-Commerce policy was placed in public domain for suggestions. Comments from over 120 stakeholders- companies both Indian and foreign, industry associations, think tanks, foreign governments were received. Post this, a series of meetings have been held with different stakeholders.

How different sectors of the economy are bearing the brunt of the coronavirus outbreak

How different sectors of the economy are bearing the brunt of the coronavirus outbreak

A report by the UN Conference on Trade and Development has forecast that the global economy may see an impact of $1-2 trillion in 2020. How far will the virus impact the Indian economy. Here's a brief overview.

Government approves more amendments to companies law

Government approves more amendments to companies law

As many as 72 changes to the Companies Act 2013 have been approved by the Cabinet. Briefing reporters, Corporate Affairs Minister Nirmala Sitharaman said the priority is to "decriminalise" provisions in the Act. Sitharaman, who is also the Finance Minister, said the Cabinet has approved 72 changes to the Act.

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