-The Hindu In a communication to State-run banks, the government said the move is aimed at ensuring credit flow for economic activities and the guidelines come into effect from Monday when the business activities resume. Mumbai: As business activities resumed on Monday after a nationwide lockdown, the Finance Ministry has swung into action to ensure credit flow to companies and prescribed a specific time frame for banks within which a loan needs...
More »SEARCH RESULT
Total Matching Records found : 11496
Covid-19 inflicts a daily loss of Rs.224 crore to India’s fishery sector -V Sajeev Kumar
-The Hindu Business Line Kochi: The Covid-19 lockdown has put the country’s marine fishery sector in deep sea, inflicting a daily loss of ₹224 crore, a report prepared by the Central Institute of Fisheries Technology (CIFT) said. The monthly loss for the sector is estimated to be about ₹6,838 crore; the Kochi-based institute has put ₹6,008 crore loss to mechanised sector and ₹830 crore for non-mechanised sector. However, the loss incurred in...
More »How China dominates tech investments in India -Palak Shah
-The Hindu Business Line The Centre's decision to impose restrictions on investments coming in from neighbouring countries especially China could have an impact on the start up segment. Chinese investors have already cornered major stake in 18 out of India’s top 30 Unicorns. A recent report by foreign policy think tank ‘Gateway House: Indian Council on Global Relations,’ has estimated China linked investments in India’s tech start-up sector alone at $4 billion. These...
More »Coronavirus: PM-CARES donations cut from government staff salaries -Priscilla Jebaraj, Vijaita Singh & Manojit Saha
-The Hindu Circulars were sent to all departments. Employees from a number of government departments and agencies have donated a day’s salary toward the PM-CARES fund. While the donations, meant for COVID-19 relief, were said to be “voluntary”, government circulars show that the deductions were made directly from salaries. Those unwilling to donate were asked to submit their refusal in writing. Please click here to read more. ...
More »Hans Timmer, World Bank's Chief Economist for South Asia, interviewed by Suhasini Haidar (The Hindu)
-The Hindu Disruptions in the supply chain and panic buying can lead to price spikes: Hans Timmer In a report released this month, the World Bank has predicted a ‘dire’ situation for South Asia due to the economic impact of measures to counter the novel coronavirus pandemic, suggesting that the eight SAARC countries (Afghanistan, Bangladesh, Bhutan, India, Nepal, Pakistan, Maldives and Sri Lanka) will experience their worst economic performance in 40 years,...
More »
