Economy

Tech focus on Mass Market Retail Banking Ujjivan Small Finance Bank Limited expects the mass market to show resilience and recover strongly from the coronavirus pandemic that led to massive closure of the Indian economy. “Economic package announced by Government...

CII wants due payments cleared Banks should provide additional reconstruction term loans to MSMEs impacted by the lockdown-COVID-19, with the Government offering a guarantee of up to 20% of the default. This is among the Confederation of Indian Industry’s (CII)...

Latest reforms to accelerate investments Opening up of all economic sectors to private businesses is a major breakthrough which will significantly push industrial and socio-economic development in the country, said Dr D K Aggarwal, President, PHD Chamber of Commerce and...

Govt urged to support battered segments Direct listing on foreign stock exchanges is a long-standing demand, reiterated FICCI in its call on the government for additional support to battered Indian businesses. It will help companies in new business areas and...

Industry seeks guidelines on collateral-free loans MSME and Road Transport and Highway Minister Nitin Gadkari has called for suggestions for effective implementation of Fund of Funds announced as part of the relief package for MSMEs. There is need to explore...

Tech-driven education Finance Minister Nirmala Sitharaman further announced Government Reforms and Enablers across Seven Sectors on 17 May 2020. KEY HIGHLIGHTS: Rs.40,000 crore increase in allocation for MGNREGS to provide employment boost Increased investments in Public Health and other health...

Liquidity through PFC-REC Power Ministry is extending Rs.90,000 crore package to states and union territories in two tranches of Rs.45,000 crore each as financial package to assist the stressed DISCOMs. The Ministry has also decided to defer Fixed Charges of...

Far reaching structural reforms It will be interesting to keep an eye on the fine print and the various facets of implementation of measures announced by Finance Minister on 16 May 2020, says Dhruva Advisors LLP. It acknowledged that the...

Social infra: Rs.81,000 crore Finance Minister Nirmala Sitharaman has announced new horizons of growth, structural reforms across eight sectors on 16 May 2020 as part of the economic revival measures. KEY HIGHLIGHTS: Commercial Mining introduced in Coal Sector Diversified Opportunities...

Strong protection system is critical, says Khare The World Bank is providing a US$750 million of US$1 billion proposed for Accelerating India’s COVID-19 Social Protection Response Programme to support India’s efforts at providing social assistance to the poor and vulnerable...