A week after Finance Minister Nirmala Sitharaman asked banks and non-bank financial companies (NBFC) to implement a loan restructuring plan for companies facing stress related to Covid-19, the Bank of The Reserve of India (RBI) announced on Monday the financial parameters for resolution plans under the scheme. The committee has …
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Reserve Bank of India today released the report of the Committee led by KV Kamath, which recommended that financial parameters be taken into account in resolution plans under the ‘Resolution Framework for Covid-related Stress19’ along with specific reference ranges. sector for those parameters. The committee recommended financial ratios for 26 …
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Written by George Mathew | Mumbai | Updated: September 5, 2020 11:10:56 am The RBI has also provided loans to farmers for the installation of solar power plants for the solarization of agricultural pumps connected to the grid. (Representational / File photo) The Reserve Bank of India (RBI) on Friday …
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The government informed the Supreme Court on Tuesday that the loan moratorium period can be extended by two years according to a circular from the Reserve Bank of India. That came a day after a moratorium, or temporary relief, on loan repayments allowed to lenders due to the coronavirus pandemic …
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The uncontrolled spread of the coronavirus pandemic across the country has put India’s economy, society and politics under unprecedented strain. A glimpse of the scale of the economic destruction caused was revealed at the 41st meeting of the GST (Goods and Services Tax) Council, where the deficit in compensation payment …
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A day before ‘Thiru Onam’, the most auspicious of Kerala’s 10-day harvest festival, Prime Minister Pinarayi Vijayan on Sunday presented a 100-day action plan with 100 programs aimed at raising the image of the government that has suffered a dent. after the gold smuggling case surfaced in the state. “This …
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[ad_1] “Look at London, talk to Tokyo” is an expression that is sometimes used to describe a wink or a squint. But this could literally be a fitting metaphor for Prime Minister Narendra Modi’s Rs 20-lakh-crore stimulus announced to revive India’s economy affected by the COVID-19 pandemic. Behind Modi’s obvious …
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[ad_1] By Arvind Panagariya Even from the limited details that Prime Minister Narendra Modi explained in his speech on Tuesday night about the Rs 20 trillion stimulus package, it was clear that this main figure would be achieved by adding apples and oranges. The details now provided by Finance Minister …
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[ad_1] The Union Finance Ministry said Tuesday that public sector banks (PSBs) sanctioned ₹$ 5.95 trillion in loans to small businesses, retailers, agriculture and corporate sectors between March 1 and May 8. “PSB sanctioned loans for value ₹5.95 trillion for more than 467,400 MSMEs accounts (micro, small and medium-sized companies), …
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[ad_1] NEW DELHI: After Prime Minister Narendra Modi announced a Rs 20 lakh crore stimulus package, the Congress said that the promise should not be a hollow one. “Sincerely hope Rs 20 Lac Crore Package is not scripted with same pen which was used to make following promises of Giving …
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