RBI's liquidity support for mutual funds may struggle to be effective: Fitch
The facility's structure places the onus on banks to absorb the associated credit and capital risk, which may hinder their willingness to participate.
Covid-19 plasma therapy safe, without adverse side effects: Study
The clinical administration of the blood component plasma from recovered Co...
US will end Hong Kong 'special treatment': Trump
President Donald Trump announced the U.S. will sanction Chinese officials responsible for eroding the autonomy of Hong Kong and begin the pr...
Mumbai on edge as cyclone Nisarga likely to make landfall at Alibaug; trains rescheduled
Already battling a raging pandemic, Mumbai hasn't experienced a serious cyclone landfall since 1891. Steeped in colonial history, Alibaug is a quaint little town located about 110 km from Mumbai, and is replete with sandy beaches, clean unpolluted air and plenty of forts and temples. A speedboat from Mumbai to Mandwa jetty near Alibaug takes 20 minutes.
NCLT transfers 3 more members with immediate effect
According to a notification issued by the NCLT Registrar on Tuesday, the new list comprises three judicial members.
Tina Ambani's special anniversary wish for her constants Amitabh-Jaya Bachchan
Mrs Ambani took to Instagram to share throwback pictures with the couple.
Cyclone Nisarga: Central Railway reschedules special trains for Mumbai area
Considering the impending threat posed by Cyclone Nisarga, which is likely to hit Mumbai on June 3, the Central Railways rescheduled Nine tr...
Consent of states not required for receiving Shramik Special trains
The consent of receiving states will not be required anymore. This comes as the Centre looks to expedite the process, as close to three weeks since these trains began operating, migrants, who have been worst hit by the outbreak of Covid-19, are still taking the road to return home. The number of confirmed Covid-19 cases crossed 1 lakh on Monday.
Covid effect: Home consumption drives up household grocery bills
Grocery bills have ballooned as home consumption rises and consumers buy larger packs of FMCG products.
Interest subvention on crop loans extended till August 31
The Reserve Bank of India on May 23, 2020 had permitted all lending institutions to extend moratorium on repayment of loans by another three months (up to August 31, 2020) in wake of the extension of lockdown and continuing disruption on account of COVID-19 pandemic.
RBI clears fog on special provisioning
An SMA2 loan which has been given moratorium and is not serviced by the borrower becomes an NPA by March 30. Such a loan will attract a total provisioning of 10% — of which 5% will be as of March-end and another 5% at the close of the June quarter.
NCLT transfers eight members with immediate effect
"The members shall move to their new stations of posting, after lockdown restrictions on movement are withdrawn by the central government and the respective state governments," the notification said.
Govt to arrange special trains to bring labourers back to their workplaces: Anurag Thakur
The government arranged special trains to ferry migrated labourers to their home state after thousands of them were seen walking one state to another along with their family and kids despite the lockdown as they stopped earning with the economic activity coming to a standstill during lockdown. Thakur has requested the industry to get in touch with their workers.
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