New Delhi/IBNS: Indian refiners are likely to reduce crude imports in May amid the second wave of coronavirus infection in contrast to April when refiners met all their import commitments but the the full impact of the crisis will get reflected only in May numbers, according to S&P Global Platts Analytics.
Mumbai/IBNS: RBI Governor Shaktikanta Das in a meeting with the MD & CEOs of some private sector banks on Tuesday through video conference asked them to continue focussing on efforts to further strengthen their balance sheets proactively.
New Delhi/IBNS: Amid the devastation of the economy due to COVID-19 pandemic, the International Monetary Fund (IMF) has proposed the vaccination of 40 per cent of the total population in all countries by the end of 2021.
Mumbai/IBNS: India's film exhibitor PVR Ltd has launched a care package to help its employees tide over the second wave of Covid-19 pandemic.
New Delhi/IBNS: India's power consumption rose by nearly 19 per cent in the first fortnight of May to 51.67 billion units (BU) compared to the same period previous year, reflecting recovery in industrial and commercial demand of electricity, power ministry data showed.
Mumbai/UNI: Mukesh Ambani-led Jio has announced two special initiatives for the pandemic period.
New Delhi/UNI: Honda India Foundation on Monday announced to earmark a sum of Rs 6.5 cr towards COVID-19 support and relief measures.
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman has emphasised that a minimum 5 per cent tax on vaccines and 12 per cent tax on medicines and oxygen concentrators is necessary to keep their prices low while replying to West Bengal Chief Minister.
New Delhi/UNI: The World Trade Organization will consider in the second half of this month a revised text of the proposal India and South Africa are going to submit for a temporary waiver of certain patent-related obligations to access essential COVID-19 medicines and medical equipment.
New Delhi/IBNS: As India combats Covid-19, the demand for oxygen concentrators and other medical supplies has risen exponentially as the government uses all resources to increase oxygen supply. To ease this fight, the Union Finance Ministry Saturday reduced IGST (Integrated Goods and Services Tax) rate for imports of concentrators, an official statement said.
Mumbai/IBNS: The second wave of coronavirus in India may touch the peak around mid-May, analysts of country's biggest lender State Bank of India (SBI) have predicted.
Srinagar: In view of steep rise in the COVID19 cases, the banks operating in J&K have curtailed working hours and staff presence at the branches.
New Delhi/IBNS: Insurance regulator IRDAI on Friday asked the insurers to settle the claims of policyholders on cashless basis after reports emerged that some hospitals demanded cash payments from Covid-19 patients.
Mumbai/IBNS: According to a recent study, digital payment transactions in India have gone up by 76 per cent in the January-March period this year compared to what it was in the same period last year.
New Delhi/IBNS: The Supreme Court has refused to extend the six-month loan moratorium period given by the Reserve Bank of India (RBI), saying it cannot interfere in the 'policy decision' of the Centre and the RBI.