Prior to RBI’s announcement on Friday, three-month moratorium was limited to accounts whose installments were falling due after March 1, 2020.

As for growth, the governor stuck to sharing the International Monetary Fund's (IMF) view on India's growth, offering no forecast from the central bank.

The move comes after renewable companies made representations to the government to allow a blanket extension for six months to overcome supply-side disruptions in completing the projects.

The unprecedented situation created by Covid–19 pandemic and lockdown announced by both the Union and state governments from March 24 has led to severe disruptions affecting the economy and impacting people at large and the MSME spinning mills.

RBI notified that it will buy long-dated bonds maturing in 2026, 2028, 2029 and 2030 while it will sell short-dated securities maturing between June 2020 and April 2021. Both the purchase and sale will be worth Rs 10,000 crore each.

The association also said hundreds of crores of unclaimed provident fund and employees state insurance corporation contribution lie in banks attracting interest.

In view of the massive disruption to economic activity due to Covid-19 impact and likely huge shortfall in revenues, the council felt that fiscal response to the crisis should be much more nuanced.

Tamil Nadu chief minister Edappadi K Palaniswami on Monday requested Prime Minister Narendra Modi for ad-hoc grant of Rs 1,000 crore from National Disaster Relief Fund (NDRF).

Besides, the state government will create new bank accounts for some 56 lakh farmers and issue 1.12 crore credit/debit cards to them by the next kharif season to enable them to avail crop loans and other government benefits.

India has firmly established itself as a net steel exporter in FY20 with total steel exports at 11.183 MT (31 % growth over last year) exceeding the total steel imports at 7.164 MT by 4.02 MT.

The APMC officials pointed out workers usually come to the market yard on pick-up trucks, however, the police have been acting against them as social distancing is not maintained onboard the pick-ups.

Microfinance institutions (MFIs) believe the industry will bounce back in no time as they see demand for microcredit rising soon because of emergency loan requirements of their customers to restart businesses.

The revenue situation will only get worse next month as the lockdown in the whole of April would be reflected in collections in May, said Bihar Deputy CM Sushil Kumar Modi.

Companies need to seek permission from the local administration – the office of the district magistrate – by submitting a host of information. Apart from the process being tedious and time-consuming, the final decision rests at DM's discretion.

The issue faced by migrant workers took the centre stage as labour minister Santosh Kumar Gangwar met the representatives of 12 central trade unions (CTUs).

As the lockdown in China was lifted from the beginning of April 2020 onwards, spinners there have been scaling up operations.

The Italian baroque master’s 'Supper at Emmaus' is usually exhibited at London's National Gallery but, with that shut, Stanhope’s giant interpretation is now on show in Ladywell, southeast London

Little Richard, the self-proclaimed 'architect of rock ‘n’ roll' whose piercing wail, pounding piano and towering pompadour irrevocably altered popular music while introducing black R&B to white America, has died Saturday. He was 87

The Volvo XC90 SUV presented this week is the first production car that in combination with Uber’s self-driving system is capable of fully driving itself.

Electric truck by ABB showcased in Swiss capital, Bern.

The Indian passenger vehicle (PV) market is going through its worst phase in almost a decade, but Rajesh Goel, senior vice-president & director, Sales & Marketing, Honda Cars India, believes that as the festive season approaches, the market should revive.

Our next EV will be developed on the dedicated Electric-Global Modular Platform (E-GMP), and that car will be launched globally in early 2021. That platform will be used for Hyundai, Kia and Genesis EVs.

Guidance for year has been cautious; FY20/21e EPS up 1/0.4%; valuations are fair; ‘Neutral’ maintained

We drive from Guwahati in Assam to Pasighat, the oldest town of Arunachal.

For the April-July 2019 period, domestic sales declined by 22% to 2,23,612 units (as compared to 2,86,726 units sold in the same period last fiscal).

While EVs are cost-competitive in the long run, by 2025 they are also expected to be cost-effective in terms of upfront cost, vis-a-vis petrol/diesel vehicles.

The Grand i10 NIOS is not just another Hyundai hatchback; it’s the company’s attempt to make a car that, at least on paper, trumps the best-selling hatchback in the country, the Maruti Suzuki Swift

One of the reasons is bunching together of several regulatory changes announced by the government in a very short span of time without realising their full implication, a classic case of ‘reform for reform’s sake’.

On the government’s part, these include NEMMP (National Electric Mobility Mission Plan) and FAME II (Faster Adoption and Manufacturing of Hybrid and Electric vehicles).

If your idea of a car is minimal price per square feet of cabin space (and added flexibility), the Triber is hard to beat. Else, there is a lot to scout for in the market

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