As a result of this moratorium, individuals' EMI payments of loans taken will not be deducted from their bank accounts, providing much needed liquidity to borrowers whose income has been disrupted due to the lockdown till May 31.
Noble laureate Amartya Sen was appointed chancellor of the upcoming Nalanda University by the board of governors in a meeting in Patna on Thursday, officials said.
The sources said the ministers and HRD officials however assured the students that their genuine demands like better amenities inside the campus and improving the academic atmosphere will be addressed.
All five teams from within a division will play all five teams from one other intraconference division twice at home, and all five teams from the remaining intraconference division twice on the road.
India's batting legend Sunil Gavaskar launched his new innings with a triple double century to support over 600 lifesaving heart surgeries for underprivileged children in India.
In a bid to enhance preparedness for disaster management among government officials involved in management of the annual Amarnath Yatra starting July 2, National Disaster Management Authority has planed to conduct a three-day mock drill.
The IMF Board of Governors have approved a general allocation of special drawing rights equivalent to $250 billion to provide liquidity to global economic system by supplementing its member countries' foreign exchange reserves.
The two would-be Dy CMs are Goa Forward Party chief Vijai Sardesai and Maharashtrawadi Gomantak Party MLA Sudin Dhavalikar.
This is the first Cabinet expansion after he assumed office on July 26 and proved his government's majority on the floor of the assembly on July 29.
Stalin has given due respect to seniority in the pecking order, but has also taken into consideration the demands of individual ministries and the suitability of individuals, observes N Sathiya Moorthy.
Flagging the issue of lack of enough economists in the country, Reserve Bank India (RBI) Governor Raghuram Rajan has said the inability to get quality talent may be hurting policy making.
According to Subbarao, the pressure on the currency was inevitable.
Babar named Pakistan Test captain, takes charge of all three formats.
Rajan will be closely working with the RBI governor and the four deputy governors to gain familiarity with the central bank's stance on various issues.
Chief Minister Stalin seems to have drawn a line between his personal beliefs and those of others in the family, beginning with wife Durga Stalin, observes N Sathiya Moorthy.
The report contains names of entities eligible for bank licences. It was not immediately known how many applicants have been shortlisted by the high-level advisory panel.
The Jalan panel has recommended to the RBI to keep shady entities out of banking licence race.
The BRICS stressed on resolution of conflicts in a declaration issued after a virtual meeting of foreign ministers of the member nations of the grouping. The meeting was attended by External Affairs Minister S Jaishankar and his Chinese counterpart Wang Yi.
Vodafone Idea, the promoter of Aditya Bira Idea Payments Bank, said in a notification to the exchanges late on Friday that the board of the bank approved winding up the business, subject to approval from the Reserve Bank of India.
Pakistan Cricket Board chairman Zaka Ashraf was suspended by the Islamabad High Court on Tuesday over what it described as the 'polluted' process to elect him to the post.
The final and most significant reset in the relations between the government and the RBI is the manner in which the process of appointing the governor and deputy governors of the central bank has been changed.
For far too long, people in J&K have felt the government doesn't exist for them.' 'My first priority is to make them feel that not only does it exist, it is there to work for them.
For the past 10 years or more, the RBI has been turning down dozens of applications under the RTI Act that sought disclosing the list of wilful defaulters and the RBI's inspection reports. In fact, it is the only organisation that has a granular and complete view of the heist that has been going on for 25 years at least. But it has escaped any blame for the multiple rounds of bankruptcy and massive periodic recapitalisation of public sector banks caused by bad loans. In fact, they don't want anyone to know how incompetent and collusive they have been in handling bad loans, says Debashis Basu.
RBI conducts interviews for first lateral hire for CGM post; deputy governors to head four distinct verticals.
Facing the twin task of fighting the coronavirus pandemic today and building a better tomorrow, the world is experiencing a new Bretton Woods moment, IMF managing director Kristalina Georgieva said
Billions of rupees spent on river cleaning programmes have gone down the drain. This situation cannot be allowed to continue, says Business Standard.
He also complimented the United States for making it possible. The civil nuclear initiative was good for India and good for the world, he said in a statement.
Arjun Tendulkar, son of cricket icon Sachin Tendulkar and a left-arm pacer, has been named in the 15-member Mumbai squad for the upcoming 'Bapuna Cup' to be held in Nagpur.
India's forex reserves recently declined by $704 million to $354.517 billion.
The one-size-fits-all approach adopted by the AICTE is not suitable for regulating business schools in India, argues Asish K Bhattacharyya.
Organiser, the Rashtriya Swayamsevak Sangh's organ, has alleged that prestigious institutes like Indian Institute of Technology were being turned into places for "anti-India and anti-Hindu" activities.
What will a split in the AIADMK mean for Tamil Nadu?
How will the RBI announcement on loan moratorium work for those with home loans, auto loans, personal loans, consumer durables loan? Here's what experts have to say.
NCP leaders Ajit Pawar, Chhagan Bhujbal, Congress leaders and former chief ministers Ashok Chavan, Prithviraj and former speakers Dilip Walse Patil (NCP) and Haribhau Bagade of the Bharatiya Janata Party were among the members to take oath early.
The Cauvery Supervisory Committee had on September 19 asked Karnataka to release 3,000 cusecs per day but the Apex Court had on September 20 doubled the quantum.
Earlier in the day, International Atomic Energy Agency chief Mohamed ElBaradei had endorsed the India-specific safeguards agreement, asserting that it conformed to "all legal requirements" of his agency and that talks had begun on a system of extended inspections.
'I would say restore the banks to health, get active board composed of professionals, then there will be an ideal situation for merger.'
Jaishankar, who along with the Commerce Secretary Rita Teotia, held a series of meetings with top officials of the Trump's administration and Congressional leaders, said the tragic incident in Kansas featured in many of their discussions.
'Digital Flight Data Recorder (DFDR) and Cockpit Voice Recorder (CVR) of the ill-fated aircraft have been retrieved. AAIB (Aircraft Accident Investigation Bureau) is conducting investigations,' Civil Aviation Minister Hardeep Singh Puri tweeted, as fresh questions were raised on the safety parameters of the runway.
It took 150 workers a total of four months to build this idol of Lord Ganesh, which cost approximately Rs 1 crore.
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