Economy News

Stimulus package 2.0: FM Sitharaman announces Rs 75,000 crore liquidity infusion for NBFCs

Giving detail about the measures, the minister said that six measures are exclusively meant for the MSME sector, while the others pertain to real estate, NBFCs and general businesses.

May 13, 2020

Explained: The new MSME definition in India

The new definition of MSMEs does not differentiate between a manufacturing enterprise and a service sector enterprise, Sitharaman confirmed.

May 13, 2020

Big boost for MSMEs: Govt announces Rs 3 lakh cr collateral-free automatic loans, 45 lakh units to benefit

Under the measure, borrowers with up to Rs 25 crore outstanding and Rs 100 crore turnover would be eligible for the special collateral-free loan.

May 13, 2020

Key details of Rs 20 lakh crore economic package: What to expect?

In today's press meet at the National Media Centre, FM Sitharaman will share key details on the break-up of the Rs 20 lakh crore economic booster announced by PM Modi.

May 13, 2020

Waive off home loan interest during COVID-19 lockdown, demands BJP MP

Moreover, the Rajya Sabha MP from Karnataka said that the interests of the homebuyers should be protected in these extraordinary times of COVID-19 lockdown.

May 12, 2020

China boosts shale power capacity amid plummeting demand for oil, gas globally

The coronavirus outbreak has disrupted economic activities across the globe. The oil and gas demand has plummeted in the recent weeks and storage facilities are filled to the brim. While economies are struggling to find means and measures to tide over the crisis, the Fuling shale gas field in southwest China's Chongqing Municipality sees a breakthrough in shale gas output producing 30 billion cubic meters of shale gas. Will this impact Chinese imports of alternative fuels? Where will the excess produce be stored, used, or routed?

May 12, 2020

In U-turn, Punjab govt says 'will not hike minimum wages for private sector workers'

Joining voices from other states against the controversial labour reforms and economic challenges posed in the wake of the pandemic, the Punjab govt announced the withdrawal in the hike of minimum wages for private-sector workers.

May 11, 2020

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Grace period for life insurance policies extended till May 31

Insurance regulator IRDAI has again extended the grace period for premium payment or renewal of life insurance policies, which were due in March, till May 31.

May 10, 2020

Here's why recovery for auto sector would be an uphill task even post Covid-19

The auto industry is staring at a loss of Rs 21,000 crore due to the Covid-19 pandemic and job losses especially in the organised sector will have a direct implication on auto sales, especially two-wheelers.

May 3, 2020

India to cap relief package at $60 billion to protect credit rating: Report

Fitch warned India's sovereign rating could come under pressure if its fiscal outlook deteriorates further as the government tries to steer the country through the coronavirus crisis.

May 3, 2020

Dr. Jay Feldman is The Entrepreneur to Watch in 2020

Jay is also an Osteopathically trained doctor, who creates educational content on social media as well as on his podcast, Mentors Collective

Apr 30, 2020

ADB approves $1.5 billion to India to fight Covid-19, here's what it means

ADB has made a dedicated fund, COVID-19 Active Response, and Expenditure Support (CARES) Program to provide first support to meet the immediate requirements of the government.

Apr 28, 2020

Will a 5 lakh Health Cover Serve the Cost of COVID-19 Treatment?

Arogya Sanjeevani has a room rent cap of 2% or a maximum of Rs. 5000 per day and an ICU cap of 5% or a maximum of Rs. 10,000 per day

Apr 27, 2020

RBI announces Rs 50,000 cr 'Special Liquidity Facility' for mutual funds: Key points

Under the SLF-MF, the RBI shall conduct repo operations of 90 days tenor at the fixed repo rate.

Apr 27, 2020

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Covid-19 lockdown: SAIL borrowing jumps to Rs 52,000 crore amidst no demand

The company has ordered to review all of its purchase orders and contracts including non-essential purchase orders are being advised to be ignored.

Apr 23, 2020

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Economy News

Stimulus package 2.0: FM Sitharaman announces Rs 75,000 crore liquidity infusion for NBFCs

Explained: The new MSME definition in India

Big boost for MSMEs: Govt announces Rs 3 lakh cr collateral-free automatic loans, 45 lakh units to benefit

Key details of Rs 20 lakh crore economic package: What to expect?

Waive off home loan interest during COVID-19 lockdown, demands BJP MP

China boosts shale power capacity amid plummeting demand for oil, gas globally

In U-turn, Punjab govt says 'will not hike minimum wages for private sector workers'

Grace period for life insurance policies extended till May 31

Here's why recovery for auto sector would be an uphill task even post Covid-19

India to cap relief package at $60 billion to protect credit rating: Report

Dr. Jay Feldman is The Entrepreneur to Watch in 2020

ADB approves $1.5 billion to India to fight Covid-19, here's what it means

Will a 5 lakh Health Cover Serve the Cost of COVID-19 Treatment?

RBI announces Rs 50,000 cr 'Special Liquidity Facility' for mutual funds: Key points

Covid-19 lockdown: SAIL borrowing jumps to Rs 52,000 crore amidst no demand

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react