Even when the lockdown period ends, it will take time for the economy to be fully up and running. The 21-day shutdown announced by the
Day: March 28, 2020
coronavirus updates: IMF chief Kristalina Georgieva: We have entered recession – The Economic Times
WASHINGTON: The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva
Forex reserve: Covid effect: Biggest weekly fall in forex reserve since 2008 – The Economic Times
The forex reserve is expected to drain further in the subsequent weeks. India’s foreign exchange reserve fell the most in nearly 12 years by as
EMI moratorium: RBI’s moratorium on loan EMIs: What we know so far – The Economic Times
The three-month moratorium is applicable to all term loans. That means car loans, home loans, corporate loans, education loans, personal loans. The RBI has made
Covid-19 scare: Depositors withdraw Rs 53,000 crore cash in 15 days – The Economic Times
Mumbai: Indians have been withdrawing cash from banks this month to prepare themselves for likely emergencies, with the Covid-19-induced shutdown in the last week of
ET View: RBI should better target liquidity injection – The Economic Times
It is reassuring that RBI governor Shaktikanta Das has reiterated that, “all instruments – conventional and unconventional—are on the table.” It is welcome that the
term loans: What 3 month moratorium on repayment of term loans means for borrowers – The Economic Times
By Pragati Kapoor Prima facie, the 3 month moratorium on repayment of term loans by borrowers means that they would not have to pay the
Repayment moratorium covers all loans, including credit card dues: RBI – The Economic Times
Mumbai: The moratorium on loan repayment between March 31 and May 31, is applicable on all types of retail credit, including credit card outstanding balances,
coronavirus: 15 lakh air travellers entered India in 2 months: Cabinet Secretary – The Economic Times
NEW DELHI: Cabinet Secretary Rajiv Gauba has asked states to immediately strengthen surveillance of international air travellers who entered India between January 18 to March
RBI loan recast: Wish RBI had allowed one-time loan recast: Keki Mistry – The Economic Times
The bond markets have been virtually frozen and raising money from the bond market has been extremely difficult. RBI deserves a justifiable praise. Has the
Reassurance And Some Relief: RBI announces emergency measures but more is needed to remain afloat
In light of the coronavirus pandemic, RBI governor Shaktikanta Das has announced the emergency slashing of the repo rate by 75 basis points. He also
P Chidambaram welcomes RBI measures but says EMI deferment ambiguous, half-hearted – The Financial Express
Chidambaram said RBI’s direction on deferment of EMI payments is ambiguous and half-hearted. Congress leader P Chidambaram on Friday welcomed the RBI decision to cut
Coronavirus lockdown: Exporters urge govt to allow them to operate factories with minimum workforce – The Financial Express
Exporters have demanded a host of steps such as allowing them to operate their factories with minimum workforce, subsidy on interest rates, and extension of
RBI’s rate cut provides the much-needed balm to revive the economy | Business Standard News
A rate cut by the Reserve Bank of India (RBI) was much expected this time and the Governor did not disappoint. The aggressive cut of
Realtors say RBI decisions to boost liquidity; seek quick transmission | Business Standard News
The RBI’s decision to cut key rates and give three-month moratorium on all term loans will boost liquidity and ease debt pressure, provided banks pass
RBI slashes repo rate and unleashes other tools to tackle COVID. What does it mean to banks and borrowers? – The Hindu BusinessLine
After dragging its feet over the past two weeks, the RBI stepped up its efforts substantially on Friday, bringing in much-needed relief to banks, corporates
Moratorium on term loans may pose operational challenges for banks – The Hindu BusinessLine
Radhika Merwin In a bid to ease the pain of banks and borrowers owing to the Covid-19 crisis, the RBI has provided three-month moratorium on
Macroeconomic risks likely to be severe, warns RBI chief – The Hindu BusinessLine
Apart from the continuing resilience of agriculture and allied activities, most of the sectors will be adversely impacted by the Covid-19 pandemic in FY21, cautioned
Coronavirus Breaking News: Coronavirus Cases in India, Corona Virus Vaccine, Cure & More
How is one tested for Covid-19? The test for coronavirus does not involve any blood examination. Coronavirus test includes examining of the throat swab or
Coronavirus | States told to track 15 lakh international travellers – The Hindu
Cabinet Secretary Rajiv Gauba flags “a gap between the number of international passengers who need to be monitored by the States/UTs and the actual number
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