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SBI Cuts Benchmark Lending Rate by 15 Basic Points, New Special Deposit Scheme For Senior Citizens

Under this new product, an additional 30 basis points premium will be payable for senior citizen's retail term deposits with "5 Years & above" tenor only.




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Coronavirus Lockdown: India's Coal Import Declines by 29 Percent in April

Coal Minister Pralhad Joshi had earlier written to state chief ministers asking them not to import dry-fuel and take the domestic supply of fuel from Coal India Ltd.




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Govt Working on Financial Package for all Sectors of Economy, Says Official

Participating in the same meeting, Union Minister for MSME and Road Transport and Highways Nitin Gadkari also said "a package is going to be declared".




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Govt Buys 216 Lakh Tonnes Wheat from Farmers at MSP so far, More Than Half of Target

The procurement of wheat and rice (second crop) during the ongoing Rabi season has picked up pace despite severe logistical constraints posed due to countrywide lockdown," the food ministry said in a statement.




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Petrol, Diesel to Cost More in Rajasthan with Third Hike in VAT Rates amid Covid-19 Lockdown

The state government on Thursday increased the VAT on petrol to 38 per cent from 36 per cent earlier while on diesel to 28 per cent from 27 per cent earlier.




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Government Should Now Let the Economy Function Post-lockdown: Kaushik Basu

The global market is fearing that India would slide into a 'controlled economy', which would be very damaging, Basu added.




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India's Rating Outlook Reflects Rising Risk of Slower GDP Growth, Low Policy Effectiveness: Moody's

Moody's Investors Service on Friday said the negative outlook on India's rating reflects increasing risks that GDP growth will remain significantly lower than in the past and partly hints at weaker policy effectiveness to address economic and institutional issues.




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India May See 0% GDP Growth This Fiscal Year, Says Moody's

The ratings agency said it expected India to see no growth in financial year 2021 and bounce back to a 6.6% GDP growth in FY22.




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Equity Mutual Fund Inflows Hit 4-month Low of Rs 6,108 Crore in April

Overall, the mutual fund industry witnessed net inflows of Rs 45,999 crore across all segments, data by the Association of Mutual Funds in India showed on Friday.




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Coronavirus Lockdown: PSBs Have Sanctioned Loans Worth Rs 42,000 Crore To MSMEs, Corporates So Far

Many MSMEs and corporates have also availed the three-month moratorium offered by banks as per the Reserve Bank of India




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Covid-19 Impact: Govt Hikes Market Borrowing Limit To Rs 12 Lakh Crore For Financial Year 20-21

Finance Minister Nirmala Sitharaman in her Budget for 2020-21 had pegged gross borrowing in the new financial year at Rs 7.8 lakh crore, higher than Rs 7.1 lakh crore estimated for 2019-20.




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Indian Economy May Contract 0.4% in FY21 on Coronavirus Pandemic, Say Two Foreign Brokerages

Japanese brokerage Nomura warned of a likely downgrade of the sovereign by global ratings agencies while American brokerage Goldman Sachs (GS) said RBI will cut rates by another 1 percentage point to arrest the economic slide.




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Lockdown-hit Industry Demands Suspension of Labour Laws For 2-3 Years

The employers' organisations also sought relaxation of the provisions of the Industrial Disputes Act to treat the lockdown period as lay-off.




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India's Fuel Demand Dips Over 45% in April Amid Covid-19 Lockdown: Govt Report

Consumption of fuel, a proxy for oil demand, totalled 9.93 million tonnes - its lowest since 2007, government data showed on Saturday.




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To Woo Investors Pulling Out of China, UP Min Takes Suggestions from European Delegates on Improving Biz

Sidharth Nath Singh informed the participants, through video conferencing, about the developmental projects being undertaken in the state; including the Jewar Airport, said to be key to improving the state's airways connectivity.




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ED Attaches AJL Mumbai Building Asset Worth Rs 16.38 Crore, Charges Moti Lal Vora

The Associated Journals Limited (AJL) is controlled by senior Congress leaders, including members of the Gandhi family.




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Here's All You Need to Know About Sovereign Gold Bond Scheme Opening on Monday

While the first instalment of the SGB 2020-21 series was open for subscription from April 20 to 24, the current issue will be open from May 11 to May 15.




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Govt Disburses Rs 18,253 Crore to 9.13 Crore Farmers Under PM-KISAN Scheme During Lockdown

Under the PM-KISAN (Pradhan Mantri Kisan Samman Nidhi) scheme, each farmer gets Rs 6,000 in a year in three equal installments directly in bank account.




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Chris Froome Fears Tour de France May Struggle to Keep Fans Away

Tour de France is rescheduled for August 29 without spectators but Chris Froome feels it may be hard to contain the fans.




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New Zealand Warriors Coach Urges Players to Help NRL Restart by Following Covid-19 Rules

Stephen Kearney sees this as a chance for Australia's National Rugby League to be one of the first sports in the world to emerge from Covid-19 shutdown.




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'It's the Worst Thing Ever': Ex-NHL Enforcer Georges Laraque Hospitalised with Covid-19

Georges Laraque, who is asthmatic, developed pneumonia in both lungs and was hit by nightly fevers post hospitalisation after testing positive for Covid-19.




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Taylor Fritz, Addison Rae Win Glitchy Mario Tennis Charity Tournament

Taylor Fritz and Addison Rae beat Kei Nishikori and DJ Steve Aoki in the final of the Mario tennis charity tournament.




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Swimming World Championships Moved from 2021 to 2022

FINA announced that world championships were due to be held in Fukuoka next year from July 16-August 1 but will instead take place from May 13-29 in 2022




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Stage Set for Online Nations Cup Chess Tournament; Viswanathan Anand to Lead 5th Seeded India

India will be represented by Viswanathan Anand, Vidit Gujrathi, P. Hari Krishna and Koneru Humpy at the online Nations Cup.




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Novak Djokovic May Have Broken Covid-19 Lockdown Rules in Spain by Returning to Tennis Court

Novak Djokovic posted a video showing him exchanging shots with another man at clay court in the coastal city of Marbella.




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Badminton Restart 'Difficult to Predict' After Coronavirus Crisis, Says BWF Chief

BWF chief Thomas Lund said the restrictions on international travel due to coronavirus has complicated the picture for badminton to resume.




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Chinese Swimming Star Sun Yang Appeals Against Doping Ban: Report

Sun Yang was found guilty of refusing to give a doping sample and was banned for eight years for the same.




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Egyptian Tennis Player Follows Brother in Receiving Life Ban

Egypt's Youssef Hossam received life ban for match-fixing and his brother has got the same two years ago for corruption.




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Kashmir Athletes Struggle to Practice During Coronavirus Lockdown

Kashmiri athletes like Afreen Hyder, Aijaz Hassan, Vilayat Hussain and more have to make do with the restricted spaces and still stay fit during Covid-19 lockdown.




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Sports Ministry Invites Nominations for National Sports Awards Through E-mail

The nomination inviting process usually begins in April but was pushed back due to Covid-19 lockdown and now, the final date of submission has been fixed at June 3.




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Use International Players as Coaches for Youngster During Coronavirus Lockdown: PV Sindhu

PV Sindhu said that senior Indian players with international experience can coach and help youngsters during the coronavirus lockdown.




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World Archery Puts All Its 13 Staff on 'Temporary Partial Unemployment'

World Archery executive board had suspended all its events till August 31, resulting in a huge losses to the federation.




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Athletes Harassed in Spain While Practicing Amid Confinement

Athletes always must go out carrying the proper documentation showing that they are allowed to be out, otherwise they can be subjected to fines.




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WTA Chief Backs Roger Federer's ATP Merger Suggestion

Both the ATP and WTA Tours have been forced to take cost-cutting measures since the COVID-19 pandemic started




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India Loses to Rest of World after Draw With USA in Online Nations Cup

India lost to Rest of the World in the second round of the FIDE-Chess.com Online Nations Cup after against USA.




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Spanish Club Says it Mistakenly Allowed Novak Djokovic to Train Against Covid-19 Rules

Novak Djokovic published a video of him training on Monday in apparent violation of Spain's current rules amid the coronavirus pandemic.




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French Open in Talks with Governing Bodies Amid Rescheduling Reports

French tennis federation's decision to postpone the French Open to late September amid the Covid-19 crisis was widely criticised because the new dates clashed with the hardcourt season.




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Anti-doping Hearings to be Conducted Online Amid Covid-19 Lockdown: NADA Director General

NADA hearings have not been taking place due to the lockdown to contain the Covid-19 pandemic.




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'I Think You Were Fanboying': Maria Sharapova Looks Back at First Dinner with Novak Djokovic

Maria Sharapova recalled how Novak Djokovic earned himself a dinner with her by winning a match.




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Tokyo Olympics Postponement Doesn't Bother Saurabh Chaudhary, Always Training to be at His Best: Amit Sheoran

Saurabh Chaudhary's coach Amit Sheoran said for his ward it doesn't matter if the Tokyo Olympics are held tomorrow, after a year or even after 10 years




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India Has Learnt to Accept Female Athletes But Still a Long Way to Go: Sania Mirza

Sania Mirza said she is proud apart from cricket, the biggest sports stars in India are women athletes




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Need to be Sensitive While Coaching Young Female Sportspersons: Sania Mirza

Sania Mirza said that coaches need to be sensitive of the hormonal changes that girls go through while working with them.




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US Open Winner Bianca Andreescu Stays Focused on Becoming World No. 1

Bianca Andreescu's bid to return to competitive tennis suffered a further jolt when the season was halted in March due to the novel coronavirus pandemic.




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Paris 2024 Organisers Vow To Not Change Olympic 'DNA'

Organisers of Paris 2024 Summer Games said that their budget has not changed despite the coronavirus pandemic




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India Suffers Two Defeats on Second Day of Online Nations Cup Chess

India, on the second day of the FIDE-Chess.com Online Nations Cup, lost its third and fourth round matches to Europe and China by similar 1.5-2.5 margins




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Hugs, Rugby on Agenda as New Zealand Continues to Ease Coronavirus Lockdown

Under New Zealand's four-tier alert system, social distancing protocols are enforced less stringently under level two, allowing contact sports including the national game of rugby union.




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Taiwan Baseball League Set to Allow Fans Back in Ballparks from Friday

The China Professional Baseball League said up to 1,000 people would be permitted to enter ballparks from Friday.




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NBA Players Can Start Solo Workouts at Team Sites from Friday

Players beginning to train is the first small step on the road to resuming the 2019-20 NBA campaign that was shut down on March 12 due to Covid-19.




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WWE Money in the Bank 2020 Date and Time: When and Where to Watch in India, Match Card

WWE Money in the Bank 2020 will see the corporate ladder match at the rooftop of the Titan Towers, WWE Headquarters.




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Taiwan Baseball Draws Foreign Fans Amid Scarce Live Sports Due to Covid-19 Shutdown

Taiwan's baseball league games are being streamed with English commentary, racking up millions of views for matches featuring cardboard cut-outs of fans and robots beating drums.