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Economy

India’s Covid-ravaged states seek more funds from Modi govt

Tax collections have fallen sharply due to the lockdown, pushing state governments to ask the Centre for funds in order to avoid racking up debt.
File image of Reliance Industries chairman Mukesh Ambani | Photo: ANI

How India is becoming an unlikely Asian hotspot for mergers & acquisitions

Thanks largely to $15 billion of investments in Jio, India accounts for more than 12% of announced deals in the Asia Pacific region so far this year.
Representational image | Picpedia

Modi govt drops plan to merge 3 state-owned general insurance companies

Decision to merge the 3 companies — National Insurance Co Ltd, United India Insurance Co Ltd, and Oriental Insurance Co Ltd — ahead of their proposed listing was announced in 2018 budget.
Car manufacturing plant

Ease of doing business? India still has 1,536 Acts, 69,233 compliances for firms to follow

Analysis by TeamLease Compliance shows compliance burden remained onerous for firms in India. Govt says it has taken many steps but agrees more needs to be done.
A worker serves food to her children outside the Secunderabad railway station | Suraj Singh Bisht/ThePrint

Ethiopia, India top countries where poor nutrition is costing companies billions of dollars

The greatest productivity losses from being undernourished were in agriculture, mining & construction, with Ethiopia and India facing highest burden.
Air Asia Aircraft | Commons

AirAsia Group’s future is in ‘significant doubt’, Ernst & Young warns

Slump in air travel & AirAsia’s financial performance cast significant doubt on its ability to continue as a going concern, E&Y said in a report.
Prime Minister Narendra Modi | Photo: ANI

With fiscal deficit rocketing, Modi govt may have to go back to RBI for support: Economists

Facing fiscal deficit of 7%, Modi govt can get the Reserve Bank of India to buy sovereign bonds directly or boost dividends to help supplement revenue.
Drought in India

Global GDP could fall 20% over next 80 years due to climate change, economists warn

According to an analysis, tropical and subtropical countries whose average temperatures are already warmer than 15° C today face catastrophic economic degradation.
A rubber plantation in Kerala | Wikimedia commons

Why Kerala is planning to allow its famed plantations to grow exotic fruits

Lockdown, falling rubber prices & a reeling plantation sector have all forced the LDF govt to have a relook at land laws, considered sacrosanct in the state. 
A deserted road during the 'triple lockdown' strategy in Thiruvananthapuram on 6 July | ANI Photo

Kerala’s $14-15 bn 2019 remittances could see $2 bn drop this year – World Bank expert

Fall in remittances can hurt Kerala’s finances seriously. World Bank is working with state govt on ‘diaspora bonds’, to mobilise savings of expats.

On Camera

BJP leader Wasim Bari | @DrJitendraSingh | Twitter

Why BJP and RSS workers are the new targets of militants in Kashmir

The murder of BJP leader Wasim Bari in Bandipora is another reminder that we must be steadfast in our resolve to completely erase militancy from Kashmir.

India rolls out red carpet for global firms, Modi makes fresh investment pitch to investors

At the Indian Global Week 2020, Modi said India remains one of the most open economies in the world, adding that green-shoots are visible in the economy.

Defence

Representational image. A file photo of an Indian Air Force Cheetah helicopter. | Photo: Commons

Armed forces to limit flying Cheetah choppers as Covid hits spares production at HAL

HAL has reduced spare production for the ageing Cheetahs, and it has been communicated to the forces that the shortage is expected to last around 3 months.
Central Reserve Police Force (CRPF) men in Maharashtra | ANI

Read my lips, forget the camera

Say Central forces' angry soldiers. They need reform, committed leaders. And very sensitive handling.