Mumbai/IBNS: The Non Banking Financial Companies (NBFCs) have requested the Reserve Bank of India (RBI) to provide a one time restructuring of all loans in view of the current economic situation triggered by COVID-19 induced lockdown, a Money Control report said.
Mumbai/IBNS: As many as 6,50,000 people have withdrawn money from their Employees' Provident Fund (EPF) savings to fulfill the income loss due to extended Covid-19 lockdown, said a media report.
Kolkata/IBNS: Ascon Infrastructure India Ltd, a leading infra company of eastern India, announced that the company shall begin operations post relaxation of lockdown from April 20, 2020.
Kolkata/IBNS: Business body ASSOCHAM on Tuesday fully supported Prime Minister Narendra Modi for extending the nationwide lockdown till May 3 for saving each and every Indian from the unprecedented global pandemic, with a firm conviction that the government would soon be announcing a large and effective financial package for protecting agriculture, industry , trade with a particular focus on the MSMEs and millions of jobs.
New Delhi/IBNS: Days after giving suggestions to the Narendra Modi government on how to tackle the post-Coronavirus economic situation, former Reserve Bank of India (RBI) governor Raghuram Rajan said he was ready to help India as the vast country of 1.3 billion people is staring at a financial crisis once the threat of COVID-19 retreats.
New Delhi/IBNS: Advising the Indian government to spend more on poor to manage the crisis caused by the Novel Coronavirus, former Reserve Bank of India (RBI) governor Raghuram Rajan has said the pandemic virus is the "greatest emergency since Independence".
Kolkata/IBNS: The Union Government has already identified the list of jobs and services deemed "essential" and, therefore, these are not required to be in lockdown for the next few weeks.
Hyderabad/UNI: All India Bank Employees' Association (AIBEA) on Wednesday appealed to customers to visit bank branches only for their urgent needs.