Customs begins clearing stuck Chinese shipments
India Inc had petitioned the PMO as delays were hurting the process of normalisation that had begun June 1 with Unlock 1.0. Indian industry relies heavily on inputs from China for its factories and the development threatened to disrupt production.
In 2 years' time, MSMEs will contribute 60% to India's exports: Nitin Gadkari
'Need to increase employment potential, without that economy ca...
Faster initiation of anti-dumping probes on China imports soon
India will respond faster to complaints about dumping of Chinese goods, as the...
SGX Nifty up 55 points; here's what changed for market while you were sleeping
Nifty futures on the Singapore Exchange traded 57.5 points, or 0.56 per cent higher at 10,293.50, in signs that Dalal Street was headed for a positive start on Friday.
Nirmala Sitharaman meets private banks, NBFCs to ensure smooth roll out of ECLGS
The meeting also included secretary of financial services, Debasish Panda and representatives of Small Industries Development Bank of India, according to a tweet by the department of financial services. It highlighted the government’s commitment to help micro, small and medium enterprises by ensuring uninterrupted supply of liquidity during these difficult times, the finance ministry tweeted.
Indian macroeconomic outlook vulnerable to disruption of trade with China : Finance Ministry on coronavirus
"As is true for the world at large, India's near-term macroeconomic outlook is also vulnerable to disruption of trade with China and second-round effects arising from expected slowdown in global growth," MoS for Finance Anurag Thakur said. However, the latest available data on trade and domestic output indicators do not suggest any adverse impact on the economy, the minister said.
Banks sanction over Rs 75,000-cr loans to MSMEs under credit guarantee scheme
The finance ministry on Monday said banks have sanctioned over Rs 75,000 crore loans so far under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector reeling under stress due to the coronavirus-induced lockdown.
Finance Ministry allows states to borrow Rs 3.20 lakh crore from market
The move comes amid states'' demand for higher funds from the Centre to meet the expenses in dealing with COVID-19 pandemic.
Environment ministry to amend EIA norms to help businesses
The NK Singh-led FC called for the meeting with the ministry of environment, forest and climate change (MoEFCC) for its inputs regarding grants to cities for improving their air quality (AQ), as part of its recommendations to the government on the five year fiscal roadmap for 2021-26.
Government proposes restrictions on foreign investment in pension funds
Foreign investment in pension funds is governed by the Pension Fund Regulatory and Development Authority and is capped at 49% via the automatic route.
Government mulls lifting ban on PPE export
“There are demands from many markets and we have a disposable surplus of around 50 lakh PPEs that can be exported every month,” said an official in the know of the details. While medical coveralls are prohibited for export, non-medical coveralls can be exported which is used in industry, spas and saloons.
INX media case: ED files charge sheet against former Finance Minister P Chidambaram and son Karti Chidambaram
The duo stand booked by both Central Bureau of Investigation (CBI) and ED in the case. The CBI had registered a first information report (FIR) in May 2017 alleging irregularities in the FIPB clearance and the ED lodged a money laundering case in this regard the next year.
Banks approach FinMin, RBI to ease ECB rules
A set of 53 bonds now globally yield spreads of more than 450 basis points, the regulatory ceiling, according to data from BondEvalue, a Singapore-based firm.
Finance Ministry urges Jan Dhan beneficiaries to follow schedule for withdrawal; avoid rush to banks
As per the schedule by Indian Banks' Association (IBA), women Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders having account number with last digit as 0 and 1 will get the money in their account on April 3, while account ending with 2 or 3 can approach the bank on April 4.
Decision to open shops in malls soon after taking into account health ministry's guidelines
"The decision to open the remaining shops in the malls, will be taken soon, after taking into account the guidelines of the health ministry," the ministry said in a statement.
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