The government is drawing up a relief package for industry with steps such as relaxation of asset-classification norms by banks, thus allowing companies to delay the repayment of loans, and tax holidays for the worst-hit sectors like aviation and hospitality. But it might not be enough to stop more bankruptcies from getting filed.
Several Premier League clubs have furloughed employees since the new coronavirus outbreak while others, such as West Ham United and Southampton, have said their players have accepted wage deferrals. While CA announced plans to furlough almost 80% of staff last week, putting them on 20 per cent pay until June 30 when it is hoped more will be known about how long government curbs to control the coronavirus will last.
KYC done while opening a bank account can be used to open a mutual fund account.
The abundance of talent is complemented by a confident approach which the likes of Manu Bhaker, Mehuli Ghosh, Anish Bhanwala and Anjum Moudgil will display at the Games.
The threshold for identification of BOs of FPIs on controlling ownership interest is 25 per cent in case of companies and 15 per cent in case of partnership firms
A social stock exchange, broadly, is understood to be a platform that allows investors to buy shares, bonds or units in a social enterprise that has been vetted by the exchange. These allow firms operating in sectors such as health, environment and transportation to raise risk capital.
'During Amit Shah's recent visit to Kerala, the strategy of concentrating the attacks on the CM on false charges was clear enough.'
This may mean easier access, simplified KYC and documentation requirements, and fewer investment restrictions for a majority of FPIs, especially broad-based funds and pooled vehicles that were earlier part of Category-II.
The RBI has also been asked to consider displaying this information on its website.
'We are warning that if you get these 3.5 lakh additional non-medical people with licence, our infant mortality rate and maternal mortality rate will deteriorate'.
...Is this a virus more dangerous than Covid-19, asks Ajit Balakrishnan.
Ahead of a crucial meeting next week, the Foreign Investment Promotion Board is scrutinising the commercial cooperation agreement between Jet Airways and Etihad Airways to ensure control is not passed on to the Abu Dhabi-based airline.
While Himanta Biswa Sarma scotched rumours that he would be the king this time, political sources in Guwahati maintained that he, and not Chief Minister Sarbananda Sonowal, had a bigger say in choosing candidates, reports Radhika Ramaseshan.
'Gotabaya will expect India to observe the red line.' 'He even dispensed with any gesture welcoming India as an interlocutor on the Tamil issue.' points out Ambassador M K Bhadrakumar.
Thomas Isaac has been in and out of the national news in his role as Kerala's finance minister since 2018 for various path-breaking tax initiatives. But it is 2020 that he has become more prominent, principally in the GST council.
For deciding which vehicles are to be scrapped, the setting up of fitness centres and regulating them would be a humongous task.
FIR says that the officials by virtue of influence exercised over them by Karti, not only ignored the serious illegality on the part of INX Media on both the counts but also deliberately showed undue favours to INX Group.
Finance Minister Arun Jaitley presented the Union Budget.
Currently, 100 per cent FDI is permitted in brownfield pharma firms through clearance from the Foreign Investment Promotion Board.
'We have already sanctioned loans worth over Rs 3,000 crore to around 120,000 customers.'
The windfall from RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan, capitalise banks and provide fiscal stimulus to some stressed sectors, experts and economists said.
The 'bad bank' -- which will help banks clear their balance sheets by transferring the NPAs to special purpose vehicles -- has been one of the most debated ideas for stressed asset resolution.
If India qualify for the finals and go on to win the World Cup on July 14 at the Lord's, it would be ideal setting for a fitting farewell to Dhoni
The probe agency found irregularities in loans amounting Rs 3,642 crore sanctioned by Yes Bank to the travel firm.
The United States Olympic and Paralympic Committee said it had listened to feedback from athletes and was encouraged by a clearer path towards postponement. Major sporting nations Australia and Canada withdrew on Monday as organisers came under mounting pressure to postpone the event for the first time in its 124-year modern history.
Gowda has also failed to offer clarity on reforming the Railway Board.
Existing norms mandate 2/3rd of members of an airline's board must comprise Indian nationals
There has been a welcome focus on fundamental reforms, time-bound programmes that fix accountability and the use of technology. The upcoming Budget could build on these initiatives, says Abhas Jha.
Pakistan's cricket legend, Imran Khan has said that he would like to see Pakistan and India resume bilateral series after the warm welcome given to the national team in India during the ICC World T20.
The Asian markets are largely trading in the green, taking heart from a positive close on Wall Street.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
The Indian diaspora remain bullish despite single-digit equity market returns since May 2014, says Pavan Burugula.
Scams happen with high regularity because the price of getting caught is insignificant. Aggrieved investors run from the police to already clogged courts to find redress for issues for which financial regulators have been specifically set up. For over 3,750 years we have known what to do, but we don't do it, observes Debashis Basu.
'The trading community will be a priority for Modi when he forms the next government.'
Hindustan Unilever Ltd, India's largest personal care product maker, on Tuesday reported a better-than-expected increase in its September quarter net profit and revenues, signalling a revival of demand following the world's biggest lockdown.
"My family reputation kept me a silent spectator, as I mutely watched the organisation I founded come to a point where it was publicly auctioned; where my family and myself have been stripped of our legacy, our finances and my personal credibility."
The Rs 63,000-cr Mumbai-Ahmedabad high-speed corridor and Rs 14,000-cr CSTM-Panvel suburban corridor are two of the largest projects.
The Prime Minister's Office has suggested that EPFO should deploy 15 per cent of its funds as loan for low cost housing saying it would generate a credit flow of Rs 70,000 crore (Rs 700 billion).
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