The offer will be applicable only on loans up to Rs 2 cr and in eight categories, which include MSMEs (Micro, Small and Medium Enterprises), education, housing, consumer durable, credit card dues, auto, personal, and consumption
Leniency during COVID-19 is fine, but decriminalising Section 138 encourages financial crime, harms creditors' confidence and hurts economy
Decriminalising Section 138 is only going to make creditors more insecure, which could cause unfathomable harm to the Indian economy.
How Narendra Modi got foreign junkets in check and video chats going long before Sonia Gandhi’s advice
The number of foreign visits by ministries and departments under the Government of India has dipped from 2,283 in 2017 to 1,936 in 2018, and to 1,806 in 2019.
Coronavirus outbreak has foregrounded India's inequalities; country must re-examine social order when pandemic abates
In transmission, the coronavirus seems to follow principles of equality, but in so doing exposes with absolute clarity the distinctions between privilege and the lack thereof
Coronavirus Outbreak Updates: Bihar govt says six of nine COVID-19 cases in state have no travel history
Coronavirus Outbreak Updates: Six out of the nine total coronavirus confirmed cases in Bihar have no travel history, the Bihar Health Department said on Friday.
Coronavirus Outbreak: RBI firefights COVID-19 impact on economy, seeks to improve flow of credit but threat of rising NPAs real
While the broader goal of inflation management will run the background, the attempt here is to ensure that the slowdown in growth process which is a certainty now is contained.
RBI announces EMI moratorium: Will my installment be deducted, are credit card bills suspended and other questions answered
The Reserve Bank of India (RBI) on n Friday allowed all financial institutions to allow a three-month moratorium for all term loans in light of the COVID-19 outbreak and the subsequent lockdown.
Coronavirus Outbreak: Nirmala Sitharaman took care of the poor, Shaktikanta Das has taken care of middle class by cutting interest rates
RBI Governor Shaktikanta Das in a press conference said these are extraordinary circumstances, and unprecedented measures are required to support the sagging economy as all the economic activities have come to a halt.
Coronavirus Outbreak: RBI cuts repo rate by 75 bps; full text of Shaktikanta Das monetary policy statement
The RBI on Friday put on hold EMI payments on all term loans for three months and cut interest rate by steepest in more than 11 years as it joined the government effort to rescue a slowing economy that has now got caught in coronavirus whirlwind
Nirmala Sitharaman announcements on Coronavirus: FM unveils Rs 1.7 lakh crore relief package, gives free LPG, wheat, rice to poor; key takeaways
The Central government on Wednesday unveiled an economic package worth Rs 1.7 lakh crores primarily focussed at the poorest and most vulnerable sections of the society.
Former Union Finance Minister P Chidambaram on Tuesday attacked the Modi government for the delay in setting up a Special Economic Task Force to analyse the effects of coronavirus pandemic on Indian economy and to create a road map to reduce the financial strain
Private equity, VC investments hit record high of $48 bn in 2019; huge fund flow to infrastructure sector drives growth: Report
As per the report, private equity/VC investments in infrastructure space were at $14.5 billion in 2019, which were higher than the cumulative PE/VC infrastructure investments received in the previous seven years.
Economy is not in recession, says Anurag Thakur in Lok Sabha; MoS Finance claims India’s GDP set to surpass China in 2021-22
In a written reply to a question in the Lok Sabha, Minister of State for Finance Anurag Thakur said that according to the IMF estimates, India continues to be among the fastest-growing economies in the world and its gross domestic product (GDP) is estimated to grow at 5.8 per cent in 2020-21 and is further projected to surpass China with a growth rate of 6.5 per cent in 2021-22.
Ram Nath Kovind asks people to buy local products for 'better tomorrow'; reiterates efforts taken by govt to make India $5 trillion economy
President Ram Nath Kovind exhorted people to use locally manufactured products for a 'better tomorrow' as he reiterated the government's commitment to make India a USD 5 trillion economy.
RBI Monetary Policy 2019 Updates: Forensic audit on PMC Bank scam expected by month-end, says Shaktikanta Das
If the Reserve Bank of India (RBI) cuts the repo rate today, it would be the sixth reduction in the short-term lending rate this financial year.
Girish Chandra Murmu takes oath as first L-G of Union Territory of Jammu and Kashmir; IAS officer with reputation for industriousness considered close to PM
Girish Chandra Murmu is a 1985-batch Gujarat Cadre IAS officer and was appointed as Secretary, Department of Expenditure in March.
Girish Chandra Murmu sworn-in as first L-G of Union Territory of Jammu and Kashmir after bifurcation of state
IAS officer Girish Chandra Murmu took oath as the first Lieutenant Governor of Jammu and Kashmir on Thursday following the bifurcation of the state into two union territories
Govt increases dearness allowance by 5% for central govt employees, pensioners; move to cost exchequer Rs 16,000 cr
The government on Wednesday announced the highest ever 5 percentage points increase in dearness allowance (DA) which will bring cheers to 50 lakh central employees and 65 lakh pensioners ahead of Diwali
IL&FS crisis: Uday Kotak gets one-year extension on bankrupt infra lender's board, exemption given on RBI recommendation
Kotak was appointed by the government as the head of the lender's board which will help the troubled company come out of difficulties after the state took over the board.
Budget rollbacks by Nirmala Sitharaman show decisiveness, but also highlight pitfalls of 'strong leadership'
India’s GDP growth has fallen to below 6 percent in the first quarter and expected to fall further in the second.