Finance Ministry credits govt, RBI for ‘green shoots of economic revival’ as agriculture, petroleum, electricity indicators pick up
The Finance Ministry cited "green shoots" of recovery in agriculture, manufacturing and services sectors, and said the prompt policy measures taken by the government and RBI have helped reinvigorate the economy with minimal damage
COVID-19 Impact: Retail trade lost business worth Rs 9 lakh cr in 60 days; businessmen facing acute financial crunch, says CAIT
CAIT said domestic trade is facing its worst period as shops and commercial markets across the country since last Monday could register only 5% of business, and only 8% of workforce could resume their duties in shops.
Coronavirus Outbreak Updates: 267 new COVID-19 patients reported in Rajasthan today, total number of cases rises to 6,494
Coronavirus Outbreak LIVE Updates: Two police stations have been sealed partially after a head constable was tested positive for COVID-19. According to police, the infected head constable was overseeing the arrangements to quarantine people who came from Mumbai.
Coronavirus Outbreak Updates: Mumbai reports 1,382 new COVID-19 cases; confirmed infections rise to 25,317
Coronavirus Outbreak LIVE Updates: The MHA on Thursday said that state governments should 'ensure night curfew or prohibition of all non-essential activities between 7 pm and 7 am'.
Proper delineation of containment zones, social distancing mandatory post lockdown; enforce night curfew strictly, MHA tells states
MHA said the night curfew has been imposed to ensure that people observe social distance.
Coronavirus Outbreak: IAS officers deputed to 3 Mumbai civic hospitals for effective management of COVID-19 treatment
As coronavirus cases continue to rise unabated in Mumbai, the Maharashtra government on Thursday deputed three IAS officers to three major civic-run hospitals in the city for effective management of the outbreak
Fitch Solutions has said that the latest stimulus package does not address immediate concerns of the healthcare system which is reeling under the pressure of COVID-19 pandemic
Nirmala Sitharaman to meet PSB chiefs tomorrow to discuss loan disbursement; to review interest rate transmission to borrowers
The deployment of excessive funds by banks under the reverse repo route may also come up for discussion on Friday, sources said.
Nirmala Sitharaman says Centre has no more announcements to make; rules out any cut in income tax rates
Nirmala Sitharaman, who had over the last week announced an economic package to help revive the economy, said how the coronavirus and the lockdown has hurt revenues is yet to be completely assessed.
Nirmala Sitharaman to meet PSU bank chiefs on Friday; to review credit flow to prop up virus-hit economy
The meeting with PSU bank chiefs was earlier scheduled on 11 May, but due to the stimulus package announcements, it was deferred,
Coronavirus Outbreak Updates: Railways will partially restore train services from 1 June, says Centre; bookings for 200 trains to begin tomorrow
Coronavirus Outbreak Updates: Delhi High Court on Wednesday directed the Delhi Metro Rail Corporation (DMRC) to take adequate steps to maintain social distancing once the Metro Rail is permitted to function, particularly, since compartments are fully packed, which can be dangerous in the current COVID-19 pandemic situation.
Coronavirus Lockdown: Cabinet approves Rs 3 lakh cr emergency credit line for MSME; loans at 9.25% rate
The Union Cabinet on Wednesday approved additional funding of up to Rs 3 lakh crore at a concessional rate of 9.25 per cent through the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector hit hard by the coronavirus crisis
Economic package: Successful implementation of support measures for NBFI will be key, says Fitch Ratings
Fitch Ratings on Wednesday said support measures announced by the government for non-banking finance companies seek to ease borrower strain and boost funding conditions for NBFIs, but successful implementation will be the key
Coronavirus Outbreak Updates: Assam reports highest single-day rise in COVID-19 cases with 39 new infections; 107 active cases in state currently
Coronavirus Outbreak LIVE Updates: Assam minister Himanta Biswa Sarma said that 13 new coronavirus cases were detected from the Sarusajai Quarantine Centre. He added that the total patient count rose to 154.
Coronavirus Lockdown: CAIT urges govt to reconsider economic package, says traders let down by exclusion
Industry body CAIT has urged the government to reconsider the economic package and announce measures to support traders, saying the community feels let down for exclusion from the Rs 20 lakh crore stimulus to aid the economy reeling from the COVID-19 crisis
Coronavirus Outbreak: Stimulus package for financial sector to ease asset risks, but won't fully offset pandemic blow, says Moody's
Moody's Investors Service on Tuesday said the measures announced by the government for financial institutions as part of Rs 20 lakh crore-economic package will help ease their asset risk, but will not fully offset the negative impact from the COVID-19 outbreak
Coronavirus Outbreak Updates: 366 new COVID-19 infections reported in Gujarat today, total number of cases rises to 11,746 in state
Coronavirus Outbreak LIVE Updates: Reports said that 366 new coronavirus cases were reported in Gujarat on Monday, taking the state's tally to 11,746.
SIAM says auto sector left out in economic package; to seek govt's direct intervention for revival of industry
SIAM said it had several engagements with the government at various levels and was looking forward to some direct fiscal measures for the auto industry from the Centre in the Rs 20 lakh crore stimulus package.
Coronavirus Outbreak Updates: Rajasthan reports highest single-day spike in cases as 242 more test positive; case count climbs to 5,202, toll touches 131
Coronavirus Outbreak Updates: Rajasthan on Sunday recorded the highest single day spike of 242 new cases and five more fatalities, officials said. The number of cases in the state stands at 5,202 and fatalities at 131.
Coronavirus Outbreak Updates: Uttar Pradesh reports nine deaths, taking toll to 104; 203 more test positive, total rises to 4,258
Coronavirus Outbreak Updates: As many as 203 fresh cases have been reported in Uttar Pradesh in the past 24 hours taking the total tally to 4,258, reports News18.The new cases have been reported in Merrut, Rampur and Saharanpur districts.