COVID-19 impact: Extension of concession period for toll road operators unlikely to provide adequate relief, says ICRA
Post-resumption of tolling, toll collections reached 30-35% of pre-COVID-19 levels in last week of April 2020, which subsequently improved to 50-55% in May 2020, it added.
Income Tax Department issues refunds of Rs 26,242 cr since April to 16.84 lakh taxpayers; move to ease liquidity
The tax department on Friday said it has issued I-T refunds of Rs 26,242 crore to 16.84 lakh taxpayers since April as part of efforts to hasten refund process for making liquidity available with people and firms to deal with COVID-19 crisis
Nirmala Sitharaman's COVID-19 package invites social criticism, but she may have more cards up her sleeves
Nirmala Sitharaman's advisers have been speaking of why fiscal prudence is important to avoid India being downgraded from investment grade by global credit rating agencies
Top UN economic experts have hailed as “impressive” the Rs 20 lakh crore stimulus package, the largest so far among developing countries, announced by India to revive the country's economy, which has been severely hit by the coronavirus-triggered lockdown
Retailers on Wednesday said measures announced by Finance Minister Nirmala Sitharaman will bring back liquidity with businesses and provide a boost to the economy
The auto industry is already reeling, with sales of cars, SUVs, trucks and motorbikes falling 18 percent last fiscal year to 21.5 million vehicles due to an economic slowdown.
Govt plans to construct highways worth Rs 15 lakh cr in next 2 years; auto scrapping policy soon: Nitin Gadkari
Gadkari informed that he has directed the ministry officials to finalise the auto scrapping policy quickly, and said it will go a long way in cost reduction.
The government has so far cleared Rs 540 crore worth projects and preliminary clearance has been given for due diligence in nearly 14 housing projects.
Warren Buffett's Berkshire posts nearly $50 billion loss hit by coronavirus; says made 'a mistake' investing in airline sector stocks
Berkshire's stock price has fallen 1% in 2020, compared with a 12% drop in the Standard & Poor’s 500, despite Warren Buffett’s prediction that Berkshire would outperform in down markets.
Sell unsold units at 'no-profit-no-loss' to save interest, boost liquidity: Nitin Gadkari to real estate developers
Union Minister Nitin Gadkari on Wednesday exhorted real estate players to sell unsold housing units, even at no-profit-no-loss, to boost their liquidity condition and save interest cost on loans
As feared by the industry and money market watchers, the first auction under the version two of the targeted long-term repo operations (TLTRO 2.0) on Thursday received a muted response from banks as the Reserve Bank received only a little over 50 percent bids for the Rs 25,000 crore on offer
Coronavirus Outbreak: SIDBI to provide 90-day term loans to banks, NBFCs, MFIs for onward lending to MSMEs
SIDBI will offer liquidity to banks, NBFCs and MFIs as term loans for a tenor of 90 days and for a maximum period of one year,
The Reserve Bank of India (RBI) on Thursday received Rs 12,850 crore worth of bids for the first targeted long term repo operations (TLTRO 2.0) conducted for an amount of Rs 25,000 crore with a three-year tenor
Only a dozen-odd of the 52 micro lenders have investment-grade ratings and are thus eligible to issue debt instruments that can be picked by banks using the Rs 50,000-crore special liquidity tap that the Reserve Bank of India has opened up over the weekend
In a bid to provide additional liquidity to the system hit by the coronavirus outbreak, the Reserve Bank of India (RBI) on Wednesday announced the fourth tranche of targeted long term repo operation (TLTRO) of Rs 25,000 crore for a three-year tenor
Coronavirus Outbreak: Kiran Nadar paints gloomy forecast for India's art market, predicts possible drop in prices
Kiran Nadar says that a range of concerns face museums and players in the art world, including tighter liquidity, falling prices of artworks, and the slim chances of visitors returning to museums and galleries, even after the lockdown is over
Lockdown: NBFCs to face liquidity pressure on lack of clarity on RBI's moratorium, poor collection, says CRISIL
NBFCs have sought clarity from RBI on applicability of moratorium and also on access to a formal liquidity window which may provide some structural liquidity support to them similar to that available for banks.
RBI extends timings for reverse repo, MSF window for a month; move will help to provide flexibility in liquidity management
The Reserve Bank of India on Monday extended the Fixed Rate Reverse Repo and Marginal Standing Facility window to provide eligible market participants with greater flexibility in their liquidity management
Coronavirus Outbreak: RBI refrains from giving growth, inflation outlooks; says current GDP projections at risk
The Reserve Bank of India (RBI) on Friday refrained from making any projections for growth and inflation saying the performance of these two key macroeconomic parameters in the days ahead would depend upon the intensity, spread and duration of COVID-19
The Reserve Bank of India on Friday asked all lending institutions to allow a three-month moratorium on EMI payments in order to infuse liquidity into the system as the economy grapples with COVID-19 challenges