-The Financial Express NBFCs are at the forefront of financing many of the affected sectors, notably small road transport operators, taxi aggregators, infrastructure contractors, MSMEs, traders etc. After banks wrote to the regulator asking for moratorium on corporate repayments, their non-banking counterparts have sought a three-month moratorium on equated monthly instalment (EMI) payments by their customers as much of the country goes into lockdown mode. Non-banking finance companies (NBFCs) are also asking...
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Budgetary allocations to agricultural and rural sector is meagre, alleges ASHA
-Press release by Alliance for Sustainable & Holistic Agriculture (ASHA) dated 1st February, 2020 New Delhi, February 1st 2020: A thorough analysis of the Budget shows that even though the Budget speech spoke much about Agriculture and Rural sector and a 16-point program, the allocations for the Rural Economy were in fact slashed in this Budget compared to previous year. The Budget allocation for Agriculture, Allied sectors and Irrigation in 2020-21...
More »Core sector output shrinks by 5.2% in September
-PTI * Output of core infrastructure industries shrank by 5.2% in September 2019 as seven of eight sectors witnessed negative growth * During the April-September period, the growth of core industries fell to 1.3% against 5.5% in the year-ago period NEW DELHI: Output of core infrastructure industries shrank by 5.2% in September 2019 as seven of eight sectors witnessed negative growth, according to official data released on Thursday. The eight core sectors had expanded...
More »Green norms for project expansion could be relaxed -Jayashree Nandi
-Hindustan Times It has also exempted projects with a proposed capacity expansion up to 40% from the requirement of public consultations, with certain riders. In a move that could turn out to be a bonanza for the mining and infrastructure sectors, the environment ministry is considering a number of relaxations in the environment impact assessment (EIA) process that is carried out for development projects, including mining, before they are given the go-ahead. In...
More »New numbers show dip in growth of core infrastructure sectors
-The Indian Express The August numbers mark the first contraction in core infrastructure output since April 2019, pointing to the continuing weakness in demand conditions. New Delhi: The growth of eight infrastructure sectors contracted 0.5 per cent in August following broad-based deterioration in output across as many as five sectors, including cement and electricity. But for a turnaround in refinery products — the largest constituent of the core sector — and...
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