Abhijit Lele &Amp;Amp; Ruchika Chitravanshi

Stories by Abhijit Lele &Amp;Amp; Ruchika Chitravanshi

Bonanza for overseas Indian investors; ODI norms to be eased

Bonanza for overseas Indian investors; ODI norms to be eased

Rediff.com   27 Aug 2020

The net outward foreign direct investment went up from $9.1 billion in 2017-18 to $12.6 billion in 2018-19 and moved further north to $13 billion in 2019-20.

Loan restructuring: 'Whoever needs relief should get it'

Loan restructuring: 'Whoever needs relief should get it'

Rediff.com   25 Aug 2020

'Mostly, the relief, if needed, would be for housing loans where a person has lost a job and is unable to pay his EMI or there has been a temporary salary cut.'

Companies allowed to extend AGMs by up to 3 months

Companies allowed to extend AGMs by up to 3 months

Rediff.com   20 Aug 2020

Indian companies are required to hold AGMs within six months of closure of the financial year.

Yes Bank to take more 'Anil Ambani like steps' to recover dues

Yes Bank to take more 'Anil Ambani like steps' to recover dues

Rediff.com   2 Aug 2020

Yes Bank CEO said the private lender is disposing some of the properties in many other cases as well. He, however, declined to elaborate on borrowers against whom such action was underway.

Covid-19: Testing times for plasma banks

Covid-19: Testing times for plasma banks

Rediff.com   30 Jul 2020

While the process of extracting plasma itself is simple, doctors say that it is the screening of donors, testing and filling up of numerous forms that takes time.

Swachh Bharat man, Param Iyer calls it a day as sanitation secy

Swachh Bharat man, Param Iyer calls it a day as sanitation secy

Rediff.com   28 Jul 2020

Iyer, popularly called Param, is keen to return to the US where he had spent several years working with the World Bank at its Washington office -- a job he later quit to become road manager for his daughter, a professional tennis player.

COVID-19: Lessons to be learnt from Delhi, Mumbai

COVID-19: Lessons to be learnt from Delhi, Mumbai

Rediff.com   27 Jul 2020

The two cities finally got their act together by ramping up the testing capacity and implementing stricter quarantine norms.

India may see wave of peaks in COVID-19 cases

India may see wave of peaks in COVID-19 cases

Rediff.com   20 Jul 2020

Many experts feel the concept of a national peak is nebulous, given that the growth in case numbers is dominated by a handful of states.

Drop in health expenditure amid pandemic surprises experts

Drop in health expenditure amid pandemic surprises experts

Rediff.com   18 Jul 2020

The ministry of health and family welfare spent Rs 3,948 crore in May this year compared to Rs 7,816 crore in the corresponding month of the previous year. On the other hand, at Rs 12,930 crore, the expenditure had risen almost 200 per cent in April against Rs 4,327 crore in the corresponding month of 2019-20.

Number of wilful defaulters was on rise even before lockdown

Number of wilful defaulters was on rise even before lockdown

Rediff.com   15 Jul 2020

Lenders had filed 1,251 cases to recover Rs 24,765.5 crore. Wilful defaulters are the entities that do not pay back money despite the ability to do so. Defaulters above Rs 1 crore were considered for this exercise.

HDFC to set up fund to finance stressed realty projects

HDFC to set up fund to finance stressed realty projects

Rediff.com   7 Jul 2020

The real estate sector had been going through a rough phase even before the COVID-19 crisis, marked by falling sales and piling up of inventories.

Where's the Covid-19 data, ask scientists

Where's the Covid-19 data, ask scientists

Rediff.com   6 Jul 2020

Epidemiologists worry there's little or no data being shared on mortality by age group and contacts traced, which makes it difficult to understand how the effects of Covid-19 might be different in the Indian population, reports Ruchika Chitravanshi

Battered banks staring at uncertain future

Battered banks staring at uncertain future

Rediff.com   22 Jun 2020

Like everything else, the structure of banks may change, and banks may depend more on digital technologies and artificial intelligence for dealing with both their customers and employees.

COVID-19: Govt panel recommends capping private hospitals' rates

COVID-19: Govt panel recommends capping private hospitals' rates

Rediff.com   20 Jun 2020

The committee has recommended Rs 8,000-10,000, Rs 13,000-15,000, and Rs 15,000-18,000 including PPE costs for isolation beds, and ICUs with or without ventilator, respectively, to all hospitals. Currently, hospitals are charging Rs 24,000-25,000, Rs 34,000-43,000 & Rs 44,000-54,000 (excluding PPE cost).

Health expenditure in April trebles to Rs 13,000 crore

Health expenditure in April trebles to Rs 13,000 crore

Rediff.com   17 Jun 2020

Experts say a large part of the expenditure in April was spent on heads such as creating infrastructure for testing capacity and procuring testing kits, among other things.

ICMR study hints at much wider spread of COVID-19

ICMR study hints at much wider spread of COVID-19

Rediff.com   10 Jun 2020

ICMR's serological survey, whose findings will be made public next week, suggests that the rate of contagion may be a lot higher in most-affected cities such as Delhi, Mumbai, and Pune.

Senior citizens account for 50% of India's COVID-19 deaths

Senior citizens account for 50% of India's COVID-19 deaths

Rediff.com   4 Jun 2020

Nearly half of all coronavirus patients in the country have been cured, taking the recovery rate to over 48 per cent.

YES Bank restructures salaries of senior leadership team

YES Bank restructures salaries of senior leadership team

Rediff.com   1 Jun 2020

About 300 employees would come under the ambit of voluntary decision.

Covid-19 crisis: Slippages may jump to Rs 5.5 trillion

Covid-19 crisis: Slippages may jump to Rs 5.5 trillion

Rediff.com   22 May 2020

The incremental stress is mainly from sectors including power, infrastructure, constructions, hospitality, iron and steel, telecom, and realty.

Indiabulls sacks over 2,000 employees to control expenses

Indiabulls sacks over 2,000 employees to control expenses

Rediff.com   21 May 2020

Scores of employees took to social media to express disappointment and said they were asked to resign over WhatsApp calls. On Twitter, some said they had been asked to resign by May 31 and that there was no severance package and salary would be paid only for May.