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RBI announces Co-lending scheme for banks, NBFCs for priority sector

The primary focus of the revised scheme is to improve the flow of credit to the unserved and underserved sector of the economy

06 Nov 2020 1:42 PM

Even as economic recovery continues, India lost 5.5 lakh jobs in October

October is the first month since the recovery began in May that has recorded a fall in employment

06 Nov 2020 2:27 AM

Manufacturing PMI expands to 13-year high in October, signals economic recovery

The survey, however, showed that the Asia’s third-largest economy was signalling a fast recovery

02 Nov 2020 7:36 PM

GST collections cross Rs 1L crore for the first time after COVID-19 hit India

The revenues collected for the month are 10 per cent higher than the GST revenues in the same month last year

01 Nov 2020 8:18 PM

India's economy worst-hit among emerging markets

At 4.9 per cent retail inflation in 2020 will be the highest in India.

31 Oct 2020 12:30 PM

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Gold demand in India plunges to 25-year low

India’s gold demand in 2020 might be the lowest in 25 years as the pandemic has already dragged down consumption in the first three quarters

30 Oct 2020 12:54 PM

Hospitality industry sees signs of revival in September

Revenue per available rooms grew 12 to 14 per cent month-on-month to Rs 815 – Rs 935, as per the data from HVS and Anarock.

30 Oct 2020 12:45 PM

RBI asks lenders for ex-gratia payment of interest on interest scheme

Government set November 5 as the deadline for banks to implement the waiver of 'interest on interest' scheme for six months

28 Oct 2020 3:28 PM

India receives $35 billion FDI in first five months of the fiscal

FDI is largely made by multinational companies, large institutions and private equity and venture capital firms

21 Oct 2020 12:35 PM

Centre to borrow Rs 1.1 lakh cr GST compensation for states

The amount so borrowed will be passed on to the states as a back-to-back loan in lieu of GST Compensation Cess releases

16 Oct 2020 5:51 PM

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RBI gives relief to big ticket loans of above Rs 75 lakh

The latest announcement regarding home loan risk has done away with the requirement of factoring in loan amount while setting risk weights

10 Oct 2020 5:43 PM

RBI keeps key rates unchanged; signals more easing to protect India's economy

The six-member Monetary Policy Committee voted unanimously to retain the benchmark repo rate at 4 per cent

09 Oct 2020 2:09 PM

Centre's interest waiver policy is manageable, say analysts

State Bank of India’s new chairman Dinesh Khara in his first press interaction refused to comment on the issue as the matter is subjudice.

08 Oct 2020 5:24 PM

Lockdown impact: GDP likely to contract by 9.6 per cent this year, says World Bank

However, the World Bank said that the response of the government of India to the COVID-19 outbreak was swift and comprehensive.

08 Oct 2020 3:02 PM

India's domestic air passenger traffic improves in September

The Civil Aviation ministry had permitted domestic flights to resume their operations from May 25 with one-third capacity

06 Oct 2020 1:22 PM

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Centre allows Andhra Pradesh and Uttar Pradesh to borrow Rs 7,106 crore

Centre had allowed states an additional borrowing limit of up to two per cent of Gross State Domestic Product for 2020-21

03 Oct 2020 7:31 PM

India third largest job provider in renewable energy sector after China, Brazil

Solar photovoltaic segment provides the largest number of both direct and indirect jobs in India

03 Oct 2020 7:13 PM

Relief for MSMEs: Centre waives off compound interest on loans during pandemic

Any individual/entity whose loan amount is more than Rs 2 crore will not be eligible for waiver of the compounding of interest.

03 Oct 2020 2:52 PM

Engineering exports once gain down in August after growth in July

Subdued industrial activity is still pulling down shipment of value-added products

28 Sep 2020 7:54 PM

Chinese FDI has been coming down in 3 years

The total FDI inflow from Chinese companies in India stood at $350 million in 2017-18.

16 Sep 2020 8:46 PM

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