Finance Minister Nirmala Sitharaman on Monday said the government has begun an exercise to assess the impact of the pandemic on the economy and likely contraction in GDP, even as she did not rule out the possibility of another stimulus to boost growth.
In yet another move to close the regulatory gap between banks and shadow banks, the Reserve Bank of India (RBI) has mandated exposure limits to the non-banking finance companies, in line with commercial banks. In the large exposure framework released on Tuesday, the regulator capped aggregrate exposure of NBFCs which are in the upper layer toward one entity at 20 per cent of capital base. The limit can only be extended by another 5% with board's approval. For a particular borrower group, the cap is at 25 per cent, with additional 10 per cent if exposure is towards infrastructure.
Delhi Police claims that the FIR reveals serious cognizable corruption & cheating offences, so matter is within its jurisdiction.
Union Home Secretary Ajay Bhalla also flagged a few heinous instances of unruly behaviour by people where the families and relatives of medical professionals, suspected to have died due to COVID-19 infection, were prevented from performing the last rites of the deceased.
Interestingly, PM Modi had thanked his UAE counterpart Sheikh Mohammed bin Rashid Al Maktoum for offering the support to the rain-battered state on August 18.
The decision on the DA and DR was taken at the Union Cabinet meeting chaired by Prime Minister Narendra Modi. In view of the COVID-19 pandemic, the Union Government had frozen the three additional instalments of the DA and DR which were due from January 1, 2020, July 1, 2020 and January 1, 2021. There will be no payment of arrears this time, as the rate of DA/DR for the period from January 1, 2020 to June 30, 2021 shall remain at 17 per cent of basic pay/pension.
The detection of the COVID-19 case from the premises of the President's Estate prompted Rashtrapati Bhavan to issue a statement in which they clarified that 'no employee of the President's secretariat has tested positive for COVID-19 and the secretariat along with the local administration is taking all the preventive measures required under the government guidelines'.
BJP-ruled states push through amendments to laws, aim to get larger share of FDI pie
What is the lure of a government job? The answer is India's worst kept secret: Job security. And among the many government jobs desperately sought after is in the armed forces. Which is why the riots by aspiring armed forces job seekers against the government's Agnipath scheme should not really be surprising, points out Harishchandra.
The Gujarat government paid salaries and pensions worth Rs 29,000 crore in 2015-16.
The decision is in response to the strike call given by United Forum Of Bank Unions, which has more than 10 lakh (1 million) employees and officers of banking Industry under its umbrella.
The owner can pay registration fee for two years and the other amount in instalments in later years, in multiples of two.
Former chief information commissioner Satyananda Mishra says the Supreme Court order to frame guidelines for civil servants to insulate them from political interference is a mere elaboration of reports of committees constituted by the central government.
