Projecting 34 per cent decline in foreign capital inflows due to uncertain external environment, the PM's Economic Advisory Council (PMEAC) on Wednesday made a strong case for easing the External Commercial Borrowing guidelines to help corporates borrow funds from overseas debt market.
The government has no plans to change the overseas borrowing norms for firms at present, but may consider the demand of the industry to revise rules for interest spread for such borrowings, a senior finance ministry official said on Monday.
Apart from easing the NPA pressure on domestic banks, the RBI's move can allow companies to raise cheap, long-term loans easily now.
Cricket West Indies (CWI) said on Friday it will halve salaries for staff and players for up to six months as it struggles to deal with the "debilitating economic challenges" caused by the coronavirus pandemic. CWI said it had delayed the 50% salary cut for staff, players, umpires and coaches, to take effect from July 1, as long as possible and hoped the temporary measure would not last more than three to six months.
It is understood that Kohli, Rahane, Shami, Jadeja will be sweating it out at the nets alongside Ashwin, who has already bowled a whopping 58 overs and taken seven wickets in a County game for Surrey last week.
Pakistan plan to send a 25-man squad to England in July to meet the demands of playing an entire tour in a 'bio-secure' bubble, Pakistan Cricket Board (PCB) chief executive Wasim Khan said. Pakistan are scheduled to play three Tests in August followed by an equal number of Twenty20 Internationals, with the matches taking place behind closed doors as part of measures to combat coronavirus.
SunRisers Hyderabad's Director of Cricket Tom Moody also urged everyone in India to stay safe and take all precautions to curb the spread of Covid-19.
Pakistan middle-order batsman Mohammad Rizwan hit a defiant half century on a difficult batting pitch to guide his side past the 200-mark in their first innings and frustrate England in the second Test on Friday.
Rising for the fourth straight day, benchmark indices Sensex and Nifty settled marginally higher after a choppy session on Friday, tracking mixed global trends amid uncertainties on the geopolitical front. The BSE Sensex opened weak and declined 414.44 points to 55,049.95 in opening deals. But within minutes, it pared all its losses and jumped 369.56 points to 55,833.95. Facing volatility, the index finally settled at 55,550.30, higher by 85.91 points or 0.15 per cent.
Former captain Michael Vaughan believes England will suffer a 3-0 whitewash in the ODI series against India, are the visitors are severely depleted without the services of batting mainstay Joe Root and fast bowler Jofra Archer.
England's two-match Test series in Sri Lanka starting next week has been postponed due to the coronavirus pandemic, the England and Wales Cricket Board (ECB) said on Friday. The first Test was scheduled to start in Galle on March 19 and the second game set for Colombo from March 27.
West Indies all-rounder Carlos Brathwaite is in doubt for Jamaica Tallawahs opening game of the upcoming Caribbean Premier League (CPL) after being forced into isolation due to a positive COVID-19 case on the flight from the UK.
Pace legend Michael Holding questioned the England and Wales Cricket Board's bio-secure protocol to tackle the COVID-19 threat after England pacer Jofra Archer breached it ahead of the ongoing second Test against the West Indies in Manchester.
On Sunday, New Zealand lifted most of the restrictions imposed due to the pandemic after no active cases were reported.
The government is planning to relax the recent diktat of clubbing non-convertible, optionally convertible or partially convertible preference shares as External Commercial Borrowings for some companies.
With lot of England stalwarts including former skipper David Gower already starting their annual criticism of the cash-rich T20 league, it is understood that Stokes, who could have again fetched bug bucks, has decided to stay away.
Joe Root scored a breezy, unbeaten 67 and will resume on the third morning with Jonny Bairstow, who has 24.
Twenty20 stalwarts Rashid Khan of Afghanistan and West Indian Andre Russell, with an identical 100,000 pounds reserve price, are among 239 players from outside the UK to enter the draft.
The England and Wales Cricket Board has objected to Ireland holding the India-South Africa series on the dates clashing with England's matches against the touring West Indies on two occasions.
Connor will take up the post on October 1 next year, pending approval by the Club's Members, as Sangakkara has been invited to remain in the role for a second twelve-month tenure due to the impact of COVID-19 on the cricketing landscape
England must tour Pakistan in 2022 reciprocating the visit of Azhar Ali and his men despite the coronavirus pandemic, Pakistan pace great Wasim Akram said.
'Archer is returning to the UK for further management and investigation of his right elbow injury'
Zak Crawley had slipped on the marble floor of the Chepauk dressing room, thereby injuring his wrist.
The chairman of the England and Wales Cricket Board, Giles Clarke, has offered to help restructure Pakistan cricket in the wake of the illegal betting scandal after England successfully pressed for the three players under police investigation to be withdrawn from the One-Day series.
Pat Cummins is focused on doing justice to his appointment as Australia's new test captain and believes limited-overs leadership would be "too much" for him, the 28-year-old said on Saturday.
India and Pakistan have not played bilateral cricket for close to a decade now due to diplomatic tensions between the two countries.
Conditions attached by RBI ensure it won't take off, contend experts.
The fourth Test is due to start next Tuesday with Australia having already retained the Ashes, leading the series 3-0 with two matches to play.
England fast bowler Jofra Archer was on Thursday ruled out of this year's Indian Premier League due to a stress fracture. The England and Wales Cricket Board confirmed that Archer, who plays for the Rajasthan Royals in the IPL, will also miss England's Test tour of Sri Lanka.
Government officials said the system proposed by the finance ministry, which would be akin to the mechanism followed for auction of investment rights in bonds, would result in Mint Road losing control over overseas fund raising by companies and that was RBI's major concern.
Meanwhile, Middlesex middle-order batsman Dawid Malan has been confirmed the replacement of Stokes in the ODI squad.
None of the players will be available for at least the first two to three games of their respective franchises.
The court decision on Ben Stokes is expected this week and the ECB said it would assess his availability once the trial is over.
If the teams they represent reach the business end of the T20 league, they either have to miss the finale or skip the national duty.
PCB CEO Wasim Khan insisted that the health and safety of players would be paramount and no player would be forced to go to England.
Connor's nomination was announced by her predecessor, Sri Lankan legend Kumar Sangakkara, at the Annual General Meeting last year but she had to wait for a year to take charge due to COVID-19.
Former England captain Michael Vaughan said ECB should consider shortening the County Championship this season along with scrapping of overseas recruits for the next two years to reduce costs in the wake of the coronavirus pandemic. The England and Wales Cricket Board (ECB) has already suspended all cricket activities till July 1 due to the coronavirus outbreak, which has infected more than three million people globally.
The Indian team boosts ECB revenues. No wonder that the ECB wants India to come as often as possible and for full five-Test series, regardless of their poor showing, reports Ashis Ray.
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