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May 21, 2020 11:18 AM
The rupee appreciated 13 paise to 75.67 against the US dollar in early trade today tracking positive opening of domestic equities. At the interbank foreign exchange, the rupee opened at 75.70, then gained ground to touch 75.67, registering a rise of 13 paise over its previous close. Yesterday, the r...
May 21, 2020 10:02 AM
The United States has said that post-coronavirus world provides a window of opportunity to India as countries are looking to diversify their supply chains. Alice G Wells, US State Department's top official for Central and South Asia, said that in the post-pandemic environment, countries are...
May 20, 2020 10:04 PM
Finance Minister Nirmala Sitharaman has urged industry to plan for engaging labour with a more professional approach and engage in skilling. Speaking at an interaction through video conferencing with Confederation of Indian Industry, CII, Ms Sitharaman stressed that the government trusts industry fu...
May 20, 2020 9:46 PM
Union Cabinet today gave its approval to a new Centrally Sponsored Scheme named Scheme for Formalization of Micro Food Processing Enterprises for the Unorganized Sector on All India basis with an outlay of Rs. 10 thousand crore. The expenditure will be shared by Centre and the States in ratio of 60:...
May 20, 2020 6:51 PM
Union Minister for Micro, Small and Medium Enterprises Nitin Gadkari has called upon the MSME sector to consider technology upgradation and to look for foreign investment to forge ahead in the post-COVID scenario. He said, the relief package announced by the Prime Minister for MSME sector should be ...
May 20, 2020 4:38 PM
Union Cabinet today given approval to the proposal of the Ministry of Finance to launch a new Special Liquidity Scheme for Non-Banking Financial Companies, NBFCs and Housing Finance Companies, HFCs to improve liquidity position of the NBFCs or HFCs. The direct financial implication for the Governmen...
May 20, 2020 4:32 PM
Union Cabinet has approved the Sovereign portfolio guarantee of up to 20 per cent of first loss for purchase of Bonds or Commercial Papers with a rating of AA and below. It includes unrated paper with original or initial maturity of up to one year issued by NBFCs or MFCs or Micro Finance Institution...
May 20, 2020 3:54 PM
The Cabinet Committee on Economic Affairs, CCEA today approved the methodology for auction of coal and lignite mines or blocks for sale of coal or lignite on revenue sharing basis and increasing the tenure of coking coal linkage. This methodology provides that bid parameter will be on revenue sharin...
May 19, 2020 7:15 PM
Welcoming the Atma Nirbhar Package and reforms announced by the government ASSOCHAM Secretary General Mr Deepak Sood has said, the amendments in the IBC Act and the Companies Act reflect a sense of urgency. He said, it is becoming clearer that the bounce back is going to be led by the rural economy ...
May 19, 2020 11:43 AM
Union Government has said that loans worth over 6,45,000 crore rupees were sanctioned by Public Sector Banks during 1st March to 15th May for around 55 lakh accounts from MSME, Retail, Agriculture and Corporate sectors. In a tweet, Finance Minister Nirmala Sitharaman said, a notable increase has bee...
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