BUSINESS

 Press Trust of india

Govt’s ‘jumla package’ way short of what PM had promised: Cong

Govt’s ‘jumla package’ way short of what PM had promised: Cong

New Delhi: The Congress on Thursday said the government’s economic package has so far fallen way short of what the prime minister had promised the nation and dubbed it as a “jumla package”. Senior spokesperson of the party Anand Sharma said the country believed that Prime Minister Narendra Modi was serious when he made the […]

 Press Trust of india

Rupee settles 10 paise lower at 75.56 against US dollar

Rupee settles 10 paise lower at 75.56 against US dollar

Mumbai, May 14 (PTI) The rupee slipped 10 paise to close at 75.56 (provisional) against the US dollar on Thursday, tracking weak domestic equities. Forex traders said market participants were concerned about the fiscal deficit concerns over the Rs 20-lakh-crore economic stimulus package as there is still no clarity on how the package would be […]

 Press Trust of india

All tickets booked for regular trains till June 30 cancelled: Rlys

All tickets booked for regular trains till June 30 cancelled: Rlys

New Delhi: Bookings made before and during the lockdown period for journeys till June 30 on regular trains have been cancelled and a full refund will be given to passengers, the Indian Railways has said. However, bookings for Shramik Special trains which started from May 1 and the special trains which started operations from May […]

 Press Trust of india

Govt announces Rs 3 lakh cr collateral-free loans for small business; liquidity for NBFCs

Govt announces Rs 3 lakh cr collateral-free loans for small business; liquidity for NBFCs

New Delhi: The government on Wednesday announced about Rs 6 lakh crore package comprising Rs 3 lakh crore of collateral-free loans for small businesses and a Rs 30,000 crore lifeline to non-bank and housing finance companies as part of measures to help the economy tied over disruptions caused by the coronavirus lockdown. Also, it cut […]

 Press Trust of india

Economic package will help businesses, especially MSMEs: PM Modi

Economic package will help businesses, especially MSMEs: PM Modi

New Delhi: Prime Minister Narendra Modi said the announcements made by the government on Wednesday to boost the economy will go a long way in addressing issues faced by businesses, especially MSMEs. “The steps announced will boost liquidity, empower the entrepreneurs and strengthen their competitive spirit,” the prime minister wrote on Twitter. Seeking to boost […]

 Press Trust of india

Self-reliant India does not mean we will look inwards, or become isolationist country: Nirmala

Self-reliant India does not mean we will look inwards, or become isolationist country: Nirmala

New Delhi: Finance Minister Nirmala Sitharaman on Wednesday sought to clear the air around Prime Minister’s self-reliance call, saying it does not mean that India will look only inwards and become an “isolationist” country. She said that the call talks about a confident India which can rest on its strengths and also contribute to the […]

 Press Trust of india

Centre’s COVID-19 economic package has nothing for poor, hungry migrant workers: Chidambaram

Centre’s COVID-19 economic package has nothing for poor, hungry migrant workers: Chidambaram

New Delhi: Senior Congress leader P Chidambaram on Wednesday said the Centre’s COVID-19 economic stimulus package had nothing for lakhs of poor and hungry migrant workers who have been walking to their homes, and expressed disappointment with the finance minister’s announcements. Addressing a press conference through video conferencing, Chidambaram said the Centre has announced Rs […]

 Press Trust of india

India needs basic income scheme to make lockdown work: French economist

India needs basic income scheme to make lockdown work: French economist

New Delhi: India needs to come out with a basic income scheme to make the lockdown work, noted French economist Thomas Piketty said on Tuesday. He also said that India has the potential to become the global democratic leader of the 21st century if it manages to address the issue of inequality. The government has […]

 Press Trust of india

Public sector banks sanction loans worth Rs 6 lakh cr in two months

Public sector banks sanction loans worth Rs 6 lakh cr in two months

New Delhi: Public sector banks (PSBs) have sanctioned loans worth Rs 5.95 lakh crore in the last two months to various sectors, including MSME, agriculture and corporate, hit hard by COVID-19-induced nationwide lockdown. Non-bank finance companies (NBFCs) have received Rs 1.18 lakh crore from these banks during the period between March 1 and May 8. […]

 Press Trust of india

KVIC serves legal notices, claims damages from firms for selling PPE kits using its brand name

KVIC serves legal notices, claims damages from firms for selling PPE kits using its brand name

New Delhi: The Khadi and Village Industries Commission (KVIC) on Tuesday said it has sent legal notices to business firms for alleged illegal use of the brand name and registered trademark logo of ‘Khadi India’ to sell PPE kits in the market. “SS Dube, Mumbai, the advocate for KVIC, sent the legal notices to Delhi-based […]