Written by George Mathew, Sunny Verma | Mumbai, New Delhi | Updated: November 19, 2020 8:01:05 am A Lakshmi Vilas Bank ATM in Mumbai on Wednesday. (Express photo: Narendra Vaskar) After the bankruptcies of IL&FS, Punjab & Maharashtra Cooperative Bank and DHFL, and the rescue of Yes Bank, the decision …
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NEW DELHI: India’s economy likely contracted for the second quarter in a row, according to a team of economists including Michael Patra, the central bank’s deputy governor in charge of monetary policy, pushing the country into an unprecedented recession. Gross domestic product contracted 8.6% in the quarter ending September, the …
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MUMBAI: The Reserve Bank of India (RBI) has revised its Priority Sector Lending (PSL) rules to boost flows of funds to districts that have been foreclosed and has doubled its cap for healthcare infrastructure to Rs 10 crore and for renewable energy to Rs 30 crore. According to the new …
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[ad_1] The mega Rs 20 lakh crore stimulus package announced on Tuesday by Prime Minister Narendra Modi includes previously announced measures to save the lockdown-battered economy, and focuses on tax breaks for small businesses as well as incentives for domestic manufacturing. The combined package works out to roughly 10 per …
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