Clipped from: https://www.deccanherald.com/business/business-news/surat-diamond-industry-sitting-on-23-billion-inventory-faces-trouble-due-to-lockdown-833567.html In the month of January and February this year, Surat’s famed diamond industry witnessed a drop of export worth almost $1 billion, compared
Category: RBI–Banks
Payment must be made against accepted bill of exchange: Expert | Business Standard News
It is the obligation of the original importer to remit the payment to the foreign supplier The export of components by the Indian party to
MSME package: Loan guarantee, fund to clear dues to small units soon – The Financial Express
The government is considering a raft of relief measures, including setting up a Rs one lakh crore fund to expedite clearances of dues owed to
MSME Relief: Don’t leave it too late–Times of India
The government must think big and swiftly come up with a rescue package for micro, small and medium enterprises (MSMEs). They have to pay wages,
MSME sector: Reeling from Covid-19 lockdown, factories are ready to gradually restart. But where are the workers? – The Economic Times
As India Inc prepares to restart ops, the question many are asking – will there be enough workers? With widespread shuttering down of factories and
RBI may extend moratorium on loans by another 3 months – The Economic Times
Summary The RBI is considering a proposal for extending the moratorium on bank loans by another three months. As a result of this moratorium, individuals’ EMI
What India should do after the Coronavirus lockdown ends – The Economic Times
Post lockdown, the govt must focus on healthcare, municipal services including drinking water, sanitation. The panchayat-level self-reliance that Modi spoke about has to be focused
Support businesses and boost demand: Top industry leaders on how to revive Indian economy – Business News
In an exclusive conversation with India Today as part of the E-Conclave Jump Start Series, top executives and industry leaders discuss the economic crisis trigerred
Sebi investigates Franklin Templeton – business news – Hindustan Times
The parent’s inquiries revolve around the impact of the decision on their brand, while Sebi’s probe seeks to understand the fund house’s commitment to adequate
A blueprint to finance higher public spending – columns – Hindustan Times
Whether the government decides to borrow more or raise revenues, it should confront these difficult choices using the key principles of public finance Karthik Muralidharan
Centre must put economic growth first – The Hindu BusinessLine
The Centre must ignore warnings from global rating agencies and launch a fiscal stimulus Even before the Centre made its decision to extend its 40-day
Delhi HC allows HDFC Bank to deduct Indiabulls’ loan installment from fixed deposit – The Financial Express
Delhi high court, in an interim order on May 1, has allowed HDFC Bank to deduct a Rs 90-crore loan installment from Indiabulls’ fixed deposit
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अन्य सरकारी बँकांना मागील दशकभरात सरकारने कैक लाख कोटींचे भांडवली साहाय्य केले आहे. उघडय़ा डोळ्यांनी हताशपणे सारे पाहात जावे असाच सध्याचा संकटकाळ आहे. सध्याच्या करोना
Bad bank debts could delay India’s recovery from Covid-19 crisis: Report – business news – Hindustan Times
A fresh surge in bad debt could hit credit growth and delay India’s recovery from the coronavirus pandemic. The Indian economy has ground to a
Over 99% depositors of CKP Bank will get full payment: RBI | Deccan Herald
99 per cent of CKP Co-Op Bank’s 1.32 lakh depositors will get full money through Deposit Insurance and Credit Guarantee Corporation (DICGC), the Reserve Bank
RBI steps necessary but credit to small businesses, others critical to sustain Covid: Arvind Subramanian – The Financial Express
Credit and Finance for MSMEs: The RBI had last month said that it will conduct long-term repo operations (TLTRO) of Rs 50,000 crore with at
27 of top 100 companies can’t sustain current wage bill: Deloitte study – The Hindu
As per the study, these companies will either have to dip into its cash balance or borrow in short-term. As many as 27 out of
11 crore jobs, 30% of GDP: Small enterprises pushed to brink amid looming distress, despair | Business News,The Indian Express
At stake are not only these jobs but the future of what makes up 45 per cent of the country’s total manufacturing output, 40 per
Need to speed up work on infra to make up for time lost on Covid-19: PM Modi – The Hindu BusinessLine
Modi holds meet to strengthen MSME sector; discusses financial sector, structural and welfare measures to spur growth Prime Minister Narendra Modi has stressed the need
NPAs of BoB, Indian Bank surge multi-fold in 6 years: RTI data – The Economic Times
Summary The NPA of Bank of Baroda (BoB) rose from Rs 11,876 crore at March-end 2014 to Rs 73,140 crore at December-end 2019, the RTI
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