Will go into force 1 November this year

In its status report submitted earlier, the Centre had said that all the steps were being taken for the welfare and benefit of migrant workers.

According to the June 7, 2019, circular of the RBI, banks had to make additional 20% provisioning for the cases where resolution could not be reached over a period of 210 days, after signing the inter-creditor agreement.

Prior to RBI’s announcement on Friday, three-month moratorium was limited to accounts whose installments were falling due after March 1, 2020.

A banking analyst told FE: “As of now, the directive is about retaining profits, but if it is extended beyond September, there could be a stock impact.”

With the increased WMA limit, state governments are expected to plan their market borrowings in a better way rather than bunch up their borrowings, leading to oversupply issues.

She also encouraged the NDB to take appropriate steps to join the G-20 forum, along with the multilateral development banks and international financial institutions.

Among the possibilities, the government could garner some revenues from sale of the BPCL’s 61% stake sale in Numaligarh Refinery, which will be sold to state-run firms.

Crisil expects GNPAs for the financial year 2020 to remain at 9.5%. Considering the Covid-19 impact, Crisil has projected GNPAs in the range of 11-11.5% for the financial year 2021.

Delhi’s Azadpur mandi, the country’s largest market yard for these items, saw arrivals of onion, tomato and potato drop by 14-31% during April 16-30 from the previous fortnight.

The central government will likely ramp up market borrowing in the second half of this fiscal, but may be forced to stick to its target for the first half at the moment.

Nobel laureate Abhijit Banerjee has recommended that India offer cash to the poorest 60% of its population and waive off loan repayments for small businesses in the June quarter, as he pitches for a large enough fiscal package to stimulate demand in the economy ravaged by the novel coronavirus crisis.

"It is the time to review the policy of cross subsidisation of power as this plays a part in making our industries non-competitive,” former finance secretary Subhash Chandra Garg said at an online panel discussion on the power sector.

In a country where art is widely seen as a pastime, and performers have long struggled to secure steady pay and royalties, the closure of theatres and cinemas and the cancellation of summer festivals has wrought havoc

Our next EV will be developed on the dedicated Electric-Global Modular Platform (E-GMP), and that car will be launched globally in early 2021. That platform will be used for Hyundai, Kia and Genesis EVs.

We drive from Guwahati in Assam to Pasighat, the oldest town of Arunachal.

One of the reasons is bunching together of several regulatory changes announced by the government in a very short span of time without realising their full implication, a classic case of ‘reform for reform’s sake’.

Lisa Nakano of SiriusDecisions describes a framework for understanding customer engagement and maintaining it throughout the customer lifecycle

Owing to the strict interpretations of rules which govern the H-1B work visa program Indian IT companies, as well as their customers, face a shortage of mid-level talent in the US.A major problemThere was a problem of talent at the entry-level in the…

Recently, an expert committee had recommended for a decentralised development by having three capital cities for legislature, executive and judiciary and putting available resources for balanced regional growth.

AIMIM chief said Muslims gave their testimony of being patriots by choosing to remain in India but the prime minister is asking for proof of citizenship from that very community.

Addressing a gathering at Siddaganga Matha in Tumkur in Karnataka, Modi accused the Opposition of remaining silent on Pakistan’s “atrocities on Hindus, Sikhs, Jains and Christians” and said “jis tarah ki nafrat hum logon se karte hain, vaisa hi swar ab desh ki sansad ke khilaf dikh raha hai.

For protection of land ownership in J&K, a handful of provisions, the official said, are being considered which include land ownership protection regimes in force in states such as Himachal Pradesh and Uttarakhand.

Commerce, energy secretaries & NSA are part of team to India

In his address, the PM said detailed guidelines on the new lockdown would be announced on April 15 and some conditions could be relaxed after April 20 in places reporting no new infections.

While diseases and ecosystem damages, caused by aerosol-borne bacteria, and viruses are widely studied, the effect of aerosolised fungal spread on human and ecosystem health is less understood.

The labour ministry has started mapping details of such workers from April 8. Along with basic details such as name, age, gender, occupation, residential address and native district/state, details of their bank accounts and Aadhhar cards are also being collected.

More than 77,000 people have recovered from it so far, mostly in China where the outbreak started late last year.

The IOC's executive board will meet via conference call to prepare an "information exchange" ahead of a series of talks with athletes' representatives, National Olympic Committees (NOCs) and International Federations (IFs), planned for Tuesday and Wednesday.

IOA Secretary General Rajeev Mehta, while talking to PTI, said the body is closely monitoring the fast-evolving situation triggered by the global COVID-19 pandemic, which has killed more than 14,000 and infected over 300,000.

He said that his mind was "gone" after that reversal of decision, and like a fielder who wishes that balls don’t come to them after dropping a catch, he too wished that no other batsman would get hit on the pads after that.

Tamil Nadu has so far reported only one COVID-19 case and the 45-year old man unuder treatment in Chennai has recovered and two subsequent tests returned negative.

China in January closed all its museums and tourist centres all over the country to prevent the spread of the coronavirus.

Civil Aviation Minister Hardeep Singh Puri tweeted that the Ministry of Civil Aviation is yet to decide on opening domestic or international operations

The tourists are staying like a family and the guesthouse owner has waived their expanses for one week due to the lockdown imposed in response to contain the coronavirus, leaving many tourists stranded.

Earlier this month, people of Jalandhar also witnessed snow-capped mountain peaks of the Himalayas after decades.

As we learned during the financial crisis, a country with high debt levels can get into trouble regardless of whether its debts are most heavily owed by the govt (Greece, Italy), households (Spain, US), or financial institutions (Ireland, Britain)

Many officials are concerned that raising rates prematurely ‘might damp the apparent solid recovery’.

Defence, water issues and agriculture will top the agenda of talks when Prime Minister Narendra Modi visits Israel next month.

Spearheaded by France, the plan has met resistance from countries such as Ireland and Sweden, which question the wisdom of the EU going it alone given the global nature of digital services.

Earlier, the Business Correspondent Federation of India (BCFI) had said that while the BCs were offering services of cash withdrawal, very few are depositing money in the wake of the current lockdown.

Notably, following RBI's announcement on allowing a moratorium on term loans for March 1 to May 31, most of the MFIs have extended a moratorium to their borrowers till May 31.

The new provisioning requirement has to be made for the March and June 2020 quarters and this will impact their profitability in 2019-20 and 2020-21.

In a recent report, global ratings agency Standard & Poor's had said Kotak Mahnidra Bank can weather the challenges that will be posed by the infections and affirmed its rating on the lender.

Loan waiver schemes for agricultural loans introduced by some of the state governments may also help reduce stress to some extent.

The three year NCD issue of Indiabulls Housing Finance opened on April 29. Although, the base issue size was Rs 100 crore, but it had a greeshoe option of Rs 900 crore.

The bank has provided moratorium to around a third of its customers, RBL Bank MD & CEO Vishwavir Ahuja said in a conference call after results.

On the COVID-19 pandemic, SBI Card said globally, countries and businesses are under lockdown and there is a high level of uncertainty about the duration of the lockdown and the time required for things to get normal. 

The advantage of Economic Decarbonisation is that it intertwines with the modernization of all industries. Excessive dependence on fossil fuels does more damage than good, it may guarantee temporary energy security but the side-effects are way too disastrous to continue using this as ‘energy- steroids’.