Finance Ministry constitutes expert committee to look into loan moratorium concerns
The committee, which has been asked to give its report within a week, has been tasked to measure the impact waiver interest and interest on interest under the COVID-19 related moratorium on the national economy and financial stability and give suggestions to mitigate financial constraints of various sections of society.
Telangana Finance Minister T Harish Rao tests positive for coronavirus
Earlier a couple of Telangana ministers who tested positive for the de...
Former Finance Minister P Chidambaram slams Centre over new agricultural reform Bills
In a series of tweets, Chidambaram said, "Two farmer-re...
Former Finance Secretary Rajiv Kumar appointed as new Election Commissioner
Rajiv Kumar will replace Ashok Lavasa on August 31, the Law Ministry mentioned in a notification today. On August 18, Ashok Lavasa had resigned from his post of EC. Lavasa would join the Asian Development Bank (ADB) next month as a vice-president.
Act of god or man, full compensation must be paid: Thomas Isaac, Kerala Finance Minister
Kerala had factored in a 14% growth in GST revenue in its budget and accepting any cut in that would mean a cut in expenditure, said the minister while replying to a question
Assam is readying a social registry, says state's Finance Minister, Himanta Biswa Sarma
Sarma said that the government will pump in Rs 1000 Crore under this scheme in next three months and around two lakh youths will get Rs 50,000 each. “This is Assam’s biggest ever entrepreneurship promotion scheme. We are in talks with banks to assist with loans if the groups are willing to scale up their activity.”
Shares of LIC Housing Finance Ltd. rises as Nifty gains
On the technical charts, the 200-day moving average of the stock stood at Rs 321.32.
Piaggio partners with financing startup for vehicle leasing plans
The facility, currently available for customers in Pune and Bangalore, allows leasing of Vespa or Aprilia scooters for low down payment and with 30 per cent discount on the EMI besides other benefits, Piaggio India said in a release.
Finance Minister defends tax Ordinance, says it was needed to provide relief
“There was an urgent need to give relief to the taxpayers… amendments in the clauses was needed to extend compliance dates, waive or defer penalties and prevent prosecution,” Nirmala Sitharaman said winding up the discussion in Lok Sabha
Consumer finance rebounds with buying unlocked
Financing had shrunk significantly after lockdown with banks and NBFCs fearing credit risk due to job losses, salary cuts, defaults on EMI payments.
Power Finance Corporation Ltd. shares drop 1.37% as Sensex rises
The stock quoted a 52-week high of Rs 133.3 and a 52-week low of Rs 74.2.
Indiabulls Housing Finance Ltd. shares gains 1.38% as Nifty gains
A total of 845,316 shares changed hands on the counter till time (IST).
Shriram Transport Finance Company Ltd. shares fall 0.4% as Nifty drops
The stock quoted a 52-week high price of Rs 1331.77 and a 52-week low of Rs 428.69.
LIC Housing Finance Ltd. shares up 0.26% as Sensex rises
A total of 114,075 shares changed hands on the counter till 11:18AM (IST)