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Brief

MSME credit guarantee scheme ambit widened

The Narendra Modi government today widened the ambit of the Rs 3 lakh crore MSME credit guarantee scheme. The government tweaked the Emergency Credit Line Guarantee Scheme (ECLGS) based on the demand from trade bodies.

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Economy

SBI chairman expects economy to recover in 3-4 months

The SBI chief said the banks had been able to absorb the shock of lockdown due to the moratorium for borrowers announced as COVID broke out

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India

Government withdraws compulsory wage payment order

The constitutional validity of the government order on wages was challenged by several companies who had moved the Supreme Court

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Economy

Package worth Rs 20,97,053 crore completed with empowerment of states

Sitharaman detailed the final tranche of Modi’s promised package, allowing states to raise their borrowing limit from 3% to 5% of the GSDP

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Economy

Sitharaman announces 25% reduction in TDS, relief to real estate, MSME, NBFC

Detailing a Rs 3 lakh crore part of the total package promised by the prime minister, the finance minister announced a bevvy of easy loans for MSMEs

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Business

ePaisa launches measures to help small business, kirana stores

The ePaisa POS solution caters to merchant base from all across the country with a focus to convert the offline business into online

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Economy

Rajan flags ‘greatest economic emergency’ since Independence, hints he wishes to return

Economist and former RBI governor Raghuram Rajan wrote a long note on his LinkedIn page, advising the Indian government how to tide over the coronavirus pandemic-hit economy

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Article

Sonia Gandhi’s ‘Unhappiness’ Bad News For India

On seeing Tablighi Jamaat members who returned from the Nizamuddin Markaz quarantined, will Sonia Gandhi urge people to hit the streets again?

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Economy

Coronavirus-afflicted economy gets govt booster dose

Finance Minister Nirmala Sitharaman today announced a Rs 1.7 lakh crore scheme to help the poor tide over the coronavirus lockdown that may cost the Indian economy Rs 9 lakh crore

Categories
Economy

‘Economic response’ of Modi govt to COVID begins: Easier loans, tax rules

By the time Prime Minister Narendra Modi addressed the nation this evening, urging citizens to fight the coronavirus disease while upholding human values and promising a “COVID-19 Economic Response Task Force”, his government had begun the response already. There was already a proposal doing the rounds of the finance ministry and revenue department to offer […]