-TheWire.in Nearly two weeks ago, news broke that a Zomato delivery worker tested positive for COVID-19 in New Delhi. As many as 72 families in the south Delhi neighbourhood where he made deliveries have been quarantined, along with 17 other people he worked with. With the luxury of social distancing not extended to delivery workers, the incident further fuelled the apprehensions and uncertainties that they already were contending with. This was only...
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Mehul Choksi Tops RBI List Of Defaulters Who Owe Nearly Rs 70,000 Crore -Divyanshu Dutta Roy
-NDTV/ PTI In response to a RTI query, the RBI released the names of top 50 with the highest amount of loans written off New Delhi: Business tycoons Mehul Choksi, the Jhunjhunwala brothers, and Vijay Mallya are among the prominent individuals linked to Companies named by the Reserve Bank of India (RBI) in a list of the top 50 wilful defaulters accused of scamming the country's banks. In a Right to Information or...
More »Covid-19: Centre rejects IRS’ proposal of taxing the super rich, calls it an ‘act of indiscipline’
-Scroll.in The finance ministry has directed the CBDT chairperson to seek an explanation from these officers for writing such ‘ill-conceived views’ in public. The Centre on Sunday rejected a proposal made by officials of the Indian Revenue Service suggesting the government should increase taxes to cushion the economic fallout of the coronavirus pandemic. The Centre called it “an act of indiscipline”, NDTV reported. In a 44-page report titled FORCE, or Fiscal Options and...
More »Logistic constraints: Few takers among retail biggies for direct purchase from farmers -Prabhudatta Mishra
-Financial Express Except Madhya Pradesh, no other state has so far acted upon the Centre’s advisory, leaving farmers, the intended beneficiaries of the move, high and dry. The Centre’s April 4 directive to states, asking them to facilitate direct purchase of farm produce including grains, pulses and fruits and vegetables by big retailers, aggregators and food processors hasn’t produced any immediate results. Except Madhya Pradesh, no other state has so far acted...
More »Finance Minister stipulates time frame for banks to disburse loans; move comes as lenders turning risk averse -Manojit Saha
-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...
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