The RBI has allowed banks to extend moratorium to borrowers of term loans of all kinds for three months -- March, April and May. "SBI has taken a decision to extend the moratorium allowed by RBI to the NBFC sector which is facing severe problem of cashflow," Khara said.

The borrowers represented the micro, small and medium sized enterprises (MSMEs), retail, agriculture and corporate sectors, which was indicative of an economic revival, said finance minister Nirmala Sitharaman’s office in a tweet on Thursday.

The SBI official said the employee was not attending office for the last 8-10 days and was later found to have contracted the deadly virus.

Union Bank of India announced reduction in its MCLR up to 15 basis points across all tenors, effective May 11. Overnight MCLR has been reduced by 15 bps to 7.15 per cent from 7.30 per cent and one-month MCLR by 10 bps to 7.25 per cent.

In the previous fortnight which ended on April 10, 2020, bank credit had grown by 7.20 per cent and deposits by 9.45 per cent.

“Anyone who has not been able to pay because of the moratorium, we have taken care to not report them to rating agencies,” Yes Bank managing director Prashant Kumar said. “Customers cannot be penalised for that.”

A `Bad Bank' is being touted as the panacea for industry’s ills, yet again.

On Monday, the front-month US WTI benchmark crashed into negative territory for the first time ever in history

Move spurred by unprecedented decline in demand; WGC is also working with large institutions for a bullion exchange in India, and with assaying centres to build consumers' trust

MCX said that it had settled the contract according to the formula in the contract, which has been followed for the last 15 years

Variables such as nominal gross domestic product (GDP), central bank balance sheets, or official gold reserves will remain the key determinants of gold prices.

The mineral lobby body has appealed to the Union finance ministry to exempt bauxite exports from duties

The Rupee is finding resistance around 77.06 and upside momentum will continue above that level

The crude oil situation has made investors running for cash and dumping commodities

Earlier the strawberry growers here had to suffer losses following a hailstorm, now that the markets are shut, the strawberry produce is yet to be sold

Some farmers told ANI that they are facing problems as there is shortage of labour and they are not able to send their produce to the market due to the lack of transport facilities

Farmers hold on to stocks due to great demand for high-quality Indian produce

Normally, farmers anticipate a huge bump in demand during the February-May season due to weddings and other such occasions

For the month ahead mustard prices are expected to head towards Rs 4,400

Silver on the hourly chart is trading in a symmetrical triangle pattern with a breakout above 43,300 and breakdown below 42,200

The coronavirus cases in Maharashtra have reached 12,296, including 2,000 discharged cases and 521 deaths.

The industry would like to commence operations at the earliest to avoid cancellation of pending orders

In value terms, April imports dropped to $2.84 million from to $3.97 billion a year ago

Zero making charges may not work any more; store sales to be impacted as consumers buy online

Nickel took support around 900 and then bounced back till 932

The need to close the mandi arose after confirmed Covid-19 cases surpassed 80 within the APMC itself and shot past 450 across Navi Mumbai, where this mandi situated

Initial investigation by the CBI into the multi-crore scholarship scam reveals a deep-rooted nexus between government officials, private institutions and public sector banks to siphon-off funds meant for poorest of the poor students. Students belonging to Scheduled Castes and Minorities were also deprived of scholarships to pursue basic education.

Punjab has prohibited the sale of uniforms and textbooks in school premises, state Education Minister Inder Singla said on Saturday.

The Delhi High Court on Monday asked the Centre and the National Testing Agency (NTA) to file their response on a plea challenging the 2019 National Eligibility-cum Entrance Test (NEET) for admissions to MBBS and BDS courses.

Even as the Yogi Adityanath government in Uttar Pradesh is trying to promote Sanskrit in a big way by issuing press statements in this language, the number of students who wish to study it is falling alarmingly.

Beverages maker Coca-Cola’s company-owned bottling partner Hindustan Coca-Cola Beverages has bucked the general trend of companies resorting to pay cuts and job cuts amid the Covid-19 pandemic, announcing 7-8% salary increment to its 7,000 direct employees with effect from April 1, 2020.

KFC India managing director Samir Menon said: “Subdued growth in March and softness is on account of the lockdown. We continue to operate around the ongoing Covid-19 pandemic with our delivery business only amidst the lockdown situation in the country as we comply with all regulatory directives.”

“While during the early days of lockdown basic essentials got sold, with time some discretionary sales are coming back,” said Devendra Chawla, MD at Nature’s Basket and Spencer’s Retail that saw 30-60% growth in sales for cold cuts, exotic vegetables, assorted breads and cakes, cookies, international sauces, organic range of staples in last ten days.

“There is absolutely no income coming our way due to the Covid-induced lockdown for over a month. As a result, most companies are facing the problem of paying the employee salaries in full for the month of April,” said National Restaurant Association of India president Anurag Katriar.

Meanwhile, several retailers have reported an increase in sales of their private labels, which filled the gaps as supply lines from other manufacturers were disrupted.

Some large dairies across the country have reported 50-100% jump in monthly sales of cheese, butter, paneer, cream and dairy whitener in April — the month that saw offices adopting the work-from-home model to align with the government’s lockdown order and help contain the spread of coronavirus.

CII suggested government to consider measures such as rationalization of GST on value added products such as butter and ghee to build market resilience. CII also suggested the government to distribute liquid milk through mid-day meal schemes to ensure nutrition availability for children.

Salt farmers are predicting a shortfall as lockdown has truncated the production cycle.

The US burger and fries giant has joined other restaurant chains including Jubilant FoodWorks-operated Domino's Pizza, Tata Starbucks and Speciality Restaurants in seeking waivers from landlords and mall owners.

Consumers in West Bengal preferred Kachi Ghani Mustard oil followed by Refined Soybean oil over other variants during the period. Dhara in West Bengal primarily operates in categories like Kachi Ghani Mustard Oil, Refined Sunflower Oil, Refined Soybean Oil and Refined Rice Bran Oil.

[S.l.] : PETER LANG AG, 2020.

Fresno, CA : Alliant International University, California School of Professional Psychology, 2008

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