Tag: Finance
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Implement the interest waiver on interest scheme by November 5, RBI tells lenders
On Tuesday, the Reserve Bank of India has asked all lending institutions to ensure that interest waiver scheme on interest on loans up to INR 2 crore for six months moratorium period is brought into effect by November 5. This is in line with the government’s decision which also includes non-banking financial institutions. The government ... -
Centre orders immediate release of IT refunds up to Rs 5 lakh
Citizens who are facing a shortage of funds due to job loss or pay cuts due to the ramifications of the nationwide lockdown can breathe a sigh of relief. As the country battles Coronavirus, the government has decided to provide a major relief for business entities and individuals. The Centre on April 8 announced that ... -
Indian Government withdraws finance bill
Indian Government on Wednesday announced about withdrawal of finance bill from its updated list of business for Thursday, soon following posting it for passage in the primary program. Preferably, the Indian Government has granted preference to the Banking Regulation Bill, in the Lok Sabha. Nirmala Sitharaman, Finance minister will pass the Bill to further alter ... -
Indian Manufacturing Continued To Surge In February
While India shows a hopeful picture with robust manufacturing cycle reported, the coming months might be a trying time for the exports, industry experts say. The onslaught of the coronavirus across the globe has shaken up the trade equations everywhere. February has seen a strong manufacturing streak that started at the beginning of the year. ... -
Ahead of Trump visit: India and US set to finalise $10-billion trade deal in February
India and the US are likely to finalise a mega trade deal pegged above $10 billion (more than Rs 71,000 crore) next month when United States Trade Representative (USTR) Robert Lighthizer visits New Delhi. The deal, whose legal vetting is underway, will be signed during US President Donald Trump’s visit to India, and is a ... -
India Ratings downgrades Yes Bank issuer rating from ‘A’ to ‘A-‘
This is the third downgrade of the private sector lender by Ind-Ra in last one year – which could adversely impact the bank’s franchise and potentially create challenges on asset and liability side. India Ratings (Ind-Ra) has downgraded Yes Bank’s long-term issuer rating to ‘A-’ from ‘A’ while maintaining it on Rating Watch Negative (RWN). ...
