In a situation where there’s inadequate demand, the need is to increase the demand itself. It will not lead to inflation but will help recover the economy.
Irdai’s forthcoming decision will also include its stand on the continuation of cover, Standard Fire and Special Perils Policy (commonly known as property policy) by the general insurers to the “unoccupied properties” for more than one month.
Debt markets have witnessed FPI outflows of Rs 19,892 crore in May so far, taking the total FPI outflows from debt to Rs 1,02,371 crore in the January-May period.
While the government last week announced a credit guarantee scheme for bank lending to the MSME sector and others, data shows that micro and small industries have, over the last four years, witnessed an even slower credit expansion.
Ordinarily, companies are not allowed to collaborate as concerted actions between competitors are presumed to cause an appreciable adverse effect on competition.
Based on a review of IBM internal communications on the Slack corporate messaging service, the number of affected employees is likely to be in the thousands, said a North Carolina-based worker who lost his job along with his entire team of 12.
Natural gas output from Dhirubhai-1 and 3 gas fields in the KG-D6 block in the Bay of Bengal started to lag company projections from the second year of production itself in 2010 and the field ceased to produce in February this year much ahead of its projected life.
In an e-Adda hosted by The Indian Express, Nitin Gadkari, Union Minister of Road, Transport & Highways and MSME, spoke on clearance of dues to MSMEs, how to get demand back in the market and restarting industry.
The fund house said four of its fixed income schemes have invested in zero per cent Essel Infra Series 1 and zero per cent Essel Infra Series 2, which matured on May 22, 2020.
A blanket suspension of labour laws, as has been in the case of UP, however, may not find favour, with the Centre leaning towards putting caveats in order to protect the rights of bonded labour, children and women.
A senior government official, on condition of anonymity, said that the Civil Aviation Ministry has been monitoring the situation in countries like the US, the UK, Italy, the UAE, Singapore, Thailand, etc to assess whether it will be safe to resume commercial operations to these destinations.
The government has already announced a Rs 20.97 lakh crore economic package, which includes Reserve Bank's Rs 8.01 lakh crore worth of liquidity measures till May 17.
The plea, filed by Commander Deven Kanani, stated that during the Vande Bharat Mission flights, Air India did not maintain physical distancing norms and filled all seats, endangering lives of the passengers.
Canara Bank's MD and CEO, L V Prabhakar, said: We are sure that once the lockdown is completely lifted, our customers would be able to avail the sanctioned facilities to the full extent and improve their business.
After the coronavirus pandemic decimated revenue, the car renter sought relief from lenders and a bailout from the U.S. Treasury Department.
In order to push credit into the economy, the government has also clarified to bankers that no action will be taken against them for commercial decisions gone wrong.
In the survey, most respondents said that they would gravitate towards familiar products in a post-COVID-19 world; about 66 per cent would hold on to money rather than going ahead with their plan to buy new items.
The transaction values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
The amount includes corporate tax refunds of Rs 11,610 crore to over one lakh taxpayers and Rs 14,632 crore to 15.8 lakh assessees from other categories, including salaried individuals.
Food inflation — which had eased in February and March — had “suddenly reversed” and surged 8.6 per cent in April “as supply disruptions took their toll immune to the ongoing demand compression”, said Shaktikant Das.