Friday, April 10, 2020

Economy and Finance

Coronavirus Outbreak: Banks start rolling out EMI moratorium scheme, know the details and impacts

If EMI moratorium is availed, total interest payable on the loan will go up, resulting in an increase in the number of EMIs to be paid

FM announcement was just a relief package, a stimulus package will be announced soon: NITI Aayog Vice-Chairman Rajiv Kumar

Rajiv Kumar said that the Modi government is likely to announce more measures after the package announced by Finance minister

Banks allowed to defer EMIs by 3 months, cut in repo rate, liquidity injection of Rs 3.74 lakh crores: Highlights of the RBI Governor’s...

The most important notification put out by the RBI on Friday was that a three-month moratorium has been announced on payment of instalments of loans outstanding on March 1, 2020.

Modi govt announces a Rs 1.70 lakh crore welfare scheme for poor during Coronarvirus lockdown: Here are the 12 announcements made

The package to benefit the poor and medical workers during the Coronavirus lockdown was called 'Prime Minister Gareeb Kalyan Yojana and totalled a whopping 1.70 lakh crores.

Coronavirus Lockdown: Flipkart to resume delivery of food items and essential products, Big Basket to start operating in few cities

Big Basket listed as essential service in 10 cities and started delivering there, Flipkart resumes delivery of grocery during Lockdown

Sensex plunges during initial trading, trading halted in Nifty for 45 minutes after it hits lower circuit limit

The Sensex has plunged to 3090.62 points and is currently under 30,000 points at 29,687.52.

RBI publishes scheme of reconstruction draft for Yes Bank, State Bank of India to pick up 49% stack at ₹10 per share

After placing Yes Bank under moratorium, RBI has published the draft for scheme of reconstruction for the bank

RBI takes over management of Yes Bank and imposes restrictions on withdrawals: All you need to know about the latest crisis in banking sector

RBI imposes moratorium on Yes Bank for a month, caps withdrawals at ₹50,000 and suspends board

As the coronavirus outbreak expands to more countries, it may have adverse effect on stock markets: Report

Experts feel that the impact of the coronavirus outbreak can potentially start a long-term global slowdown.

Number of poor people in India falls from 27 crore in 2011 to 8.4 crore in 2017: New study reveals

The study claims that as per the Tendulkar poverty line it, poverty in India reduced from 14.9 % in 2011 to 7.0 % in 2017, the fastest decline in poverty the country has ever seen.

Latest News

Prayagraj: Police book university professor Mohammad Shahid for concealing information about attending Tablighi Jamaat event in Delhi

The varsity administration may also initiate action under against Prof Shahid for not following the health protocol and risking lives

Bhagalpur, Bihar: Muslim youth pelt stones and open fire at Police after being asked to go home on Shab-e-Barat

Stones were pelted at the Police at Bhagalpur in Bihar when they attempted to prevent Muslims from gathering in large numbers on the occasion of Shab-e-Barat in the wake of the Wuhan Coronavirus pandemic.

Hindpiri, Ranchi: Sanitation workers refuse to disinfect the area after residents spit at them, throw spit-ridden 10 rupees notes at them

Residents of Hindpiri spit on sanitation workers trying to disinfect area after numerous cases of the Wuhan Coronavirus was reported there.

Javed, Nadeem, Isaq and Azad arrested for attack on ASHA workers and police personnel in Panchkula, Haryana: Read details

Police have arrested four youths in Panchkula, Haryana for attack a team of ASHA and Anganwadi workers who were conducting a survey in the colony

Madhya Pradesh: 40 people who were found offering namaz in a mosque in Chhindwara amidst coronavirus lockdown booked

Case registered under Epidemic Act against 40 Muslim individuals who were found offering namaz en masse at a mosque in Madhya Pradesh

Recently Popular

Did you know that the Prime Minister’s National Relief Fund had the President of Congress party in its managing committee

After PM Modi launched PM CARES Fund, a lot has been discussed about similarities and differences between PM CARES Fund and PMNRF

As India fights Wuhan Coronavirus, here is a list of prominent Hindu Temples and religious leaders helping India through donations and welfare

In the wake of the Coronavirus crisis, numerous Hindu temples have come forward to contribute generously, both in terms of food and welfare, to help the country.

Tablighi Jamaat had planned a ‘fidayeen’ attack on India by spreading the deadly coronavirus: UP Shia Waqf Board chief Waseem Rizvi

Rizvi also said that there is a distinct possibility of radical Islamist Zakir Naik being involved in Tablighi Jamaat conspiracy to spread coronavirus in the country.

Yes, Nandita Das, there are two Indias that exist – one where the labourers live and the other, from where your father was evicted

About how the Coronavirus lockdown has impacted migrant labourers, Nandita Das said that there exists two Indias

Islamists attack Delhi CM Arvind Kejriwal after he asks them to stay at home on Shab-e-Baraat

AAP Supremo took to social media to request Muslims to stay at home for Shab-e-Baraat, which is being celebrated on the intervening night of 8th and 9th April.

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