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Industry urges FinMin to offer ECLGS scheme for stressed sectors

NEW DELHI, Nov. 8 -- Industry lobby group Confederation of Indian Industry (CII) has urged the finance ministry to explore an emergency credit line guarantee scheme (ECLGS) for sectors severely affect... Read More


Govt makes use of FASTag mandatory for all four wheelers from Jan 1, 2021

NEW DELHI, Nov. 7 -- The road transport and highways ministry on Saturday has said that use of FASTag will be mandatory in all four wheelers from 1 January, 2021, as a part of its attempt to drive fas... Read More


Gadkari urges manufacturers to work out ways to make EVs cheaper

NEW DELHI, Nov. 6 -- Road transport and highways minister Nitin Gadkari on Friday urged automobile manufacturers to look at ways to make electric vehicles (EVs) cheaper to encourage adoption of e-mobi... Read More


PM investor roundtable: 2 Japanese cos to diversify manufacturing base in India

NEW DELHI, Nov. 5 -- Two Japanese companies-- Toyota-Tsusho Corp and Sumida Corp-plan to diversify manufacturing base in India, two government officials aware of the development said. The finance min... Read More


Economy is bouncing back at an unexpected pace, says govt

New Delhi, Nov. 5 -- Several macroeconomic indicators over the last few days indicate that the Indian economy is getting back on track at a faster-than-expected pace, information and broadcasting mini... Read More


PNB sees few takers for loan recast scheme

New Delhi, Nov. 4 -- Punjab National Bank (PNB) has halved its estimated size of a one-time loan restructuring scheme to Rs.20,000 crore as most of its borrowers have begun repaying their loans. The s... Read More


Economy getting back on track despite pandemic: Prakash Javadekar

NEW DELHI, Nov. 4 -- Several macroeconomic indicators over the last few days indicate that the Indian economy is getting back on track at a faster-than-expected pace, information and broadcasting mini... Read More


Expect less than 3% of loan book under debt restructuring: PNB MD

NEW DELHI, Nov. 3 -- State-owned Punjab National Bank (PNB) on Tuesday said it expects less than 3% of its loan book to be under one-time debt restructuring, lower than what the lender had earlier est... Read More


Interest on interest waiver to be credited by 5 November

NEW DELHI, Oct. 30 -- Lenders will have to pay up by 5 November the interest on interest charged on loans of up to '2 crore for the six-month repayment moratorium period, the government said, 10 days ... Read More


Interest waiver to be credited by 5 Nov

New Delhi, Oct. 26 -- Lenders will have to pay up by 5 November the interest on interest charged on loans of up to Rs.2 crore for the six-month repayment moratorium period, the government said, 10 day... Read More