Centre asks States,  UTs to take all steps for smooth disbursement of  Rs 27,500 cr under PM-GKY

Centre asks States, UTs to take all steps for smooth disbursement of Rs 27,500 cr under PM-GKY

Friday, 03 April 2020 | PTI | New Delhi

The Centre on Thursday asked the States and Union Territories to take all necessary steps for the smooth disbursement of Rs 27,500 crore to beneficiaries of the Pradhan Mantri Garib Kalyan Yojana (PM-GKY) through banks from Friday, amid the ongoing lockdown to combat the coronavirus threat. In a letter to all...

RBI measures to make little impact, says cooperative body

Thursday, 02 April 2020 | PTI | Mumbai

The Reserve Bank’s measures such as a three-month moratorium on repayments will make “little impact” and more relaxations are needed, a cooperative lenders’ body said on Wednesday. The RBI came out with a slew of measures on liquidity apart from the three-month morat-orium on loan repayments last Friday to help...

No need for extra spectrum to maintain network quality: COAI

Thursday, 02 April 2020 | IANS | New Delhi

The Cellular Operators Association of India (COAI) said, here on Wednesday, no additional spectrum was required for maintaining the network stability and quality. COAI Director General Rajan Mathews said over the past few days, the industry has seen flattening of traffic demand on members’ networks. The clarification comes days after the...

GST mop-up slips below Rs 1 lakh cr-mark, March collection at Rs 97,597 cr

Thursday, 02 April 2020 | PTI | New Delhi

GST collections in March slipped below the   psychological Rs 1 lakh crore-mark for the first time in four months to Rs 97,597 crore as COVID-19 lockdown that shut most businesses compounded tax collection woes in an already sluggish economy. Goods and Services Tax (GST) mop-up in March recorded a 8.4 per...

PSU bank stocks end on mixed note as mega merger of lenders takes effect

Thursday, 02 April 2020 | PTI | New Delhi

Shares of public sector banks closed the day on a mixed note after the mega merger of PSU lenders came into effect from Wednesday. As per the mega consolidation plan, Oriental Bank of Commerce and United Bank of India merged into Punjab National Bank (PNB); Syndicate Bank into Canara Bank; Andhra...

EMI moratorium: Borrowers unlikely to get significant gains

Thursday, 02 April 2020 | PTI | New Delhi

Three-month moratorium on EMI payments offered by banks is unlikely to bring much relief to borrowers hit by COVID-19 lockdowns as they will have to bear the extra cost of interest charged by lenders and a longer repayment period, according to experts. Experts feel that the three-month moratorium on repayment on...

business corner

Thursday, 02 April 2020 | Agencies

POWERGRID commits Rs 200 cr to PM-CARES Fund New Delhi: The COVID-19 pandemic is a cause of great concern while the whole nation is locked down, POWERGRID, the Central Transmission Utility of India, has been ensuring uninterrupted 24x7 power supply. As a Responsible Corporate Citizen, POWERGRID has contributed Rs 130 crore...

Need to build manufacturing base for PPE, ventilators: Niti CEO

Need to build manufacturing base for PPE, ventilators: Niti CEO

Wednesday, 01 April 2020 | PTI | New Delhi

Niti Aayog CEO Amitabh Kant on Wednesday said there is a need to build a manufacturing base for Personal Protective Equipment (PPE) and ventilators not only for the Covid-19 outbreak but for the future as well. Kant, who heads the empowered group on coordinating with private sector NGOs and international organisations...

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