Finance Ministry may provide capital support to some PSBs in Q3 : Bulletin: Business Today
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Finance Ministry may provide capital support to some PSBs in Q3

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Rashi Bisaria | September 28, 2020

COVID-19 pandemic: One in every 250 people on Earth now infected

With total cases standing at 32.4 million or 0.4 per cent of the world's population, every 250th person on the Earth is now infected with coronavirus. As of September 2020, the world's population stood at 7.8 billion, according to the estimates by the United Nations.

The total number of deaths now stand at 983,000.

Serum Institute shares, applauds PM Modi's vision: Adar Poonawalla on India's vaccine offer to world

A day after Prime Minister Narendra Modi, in his address at the UN General Assembly, assured the world that India's vaccine production

and delivery capacity will be used to help humanity in the COVID-19 crisis, world's largest vaccine maker Serum Institute of India (SII) Chief Executive Officer (CEO) Adar Poonawalla said SII also shares and applauds his vision.

Adar had expressed concerns around production and distribution of the coronavirus vaccine in the country.

Govt looks to implement all 4 labour codes in one go by December: Gangwar

The government is aiming to implement all the four labour codes in one go by December this year and complete the final stretch of labour sector reforms. Parliament in its just concluded session passed three labour code bills: the Industrial Relations Code, the Social Security Code, and the Occupational Safety, Health and Working Conditions Code.

Industry body CII asks RBI to relook circular on opening of current accounts

Industry body CII has urged the Reserve Bank to reconsider its circular regarding opening of current accounts saying that the guidelines are likely to disrupt the servicing of clients by banks leading to inefficiencies and delays. The RBI on August 6 issued a circular imposing restrictions on opening of multiple current accounts by borrowers.

Finance Ministry may provide capital support to some PSBs in third quarter

The Finance Ministry is likely to provide capital support from the Rs 20,000 crore fund approved by Parliament in recently concluded session

to some Public Sector Banks (PSBs) in the third quarter itself. Parliament approved Rs 20,000 crore for PSB capital infusion as part of the first batch of Supplementary Demands for Grants for 2020-21 which sought additional spending of a record Rs 2.35 lakh crore primarily to meet expenses for combating the COVID-19 pandemic.

COVID-19 crisis: Bar, restaurant owners seek hike in seating capacity

Owners of bars and restaurants in West Bengal have urged the state government to increase the seating capacity to 75 per cent from the existing 50 per cent to meet running expenses. Occupancy was capped at 50 per cent when restaurants and bars reopened from September 1 in view of the COVID-19 pandemic.There are around 400 restaurant-cum-bars in the metropolis.

Nissan to launch several new vehicles in Chinese market over next 5 years, says CEO Makoto Uchida

Nissan Motor's chief executive 7201.T said on Saturday he planned to launch a number of new vehicles in the growing Chinese market over the next five years, including electrical cars, that could help the struggling Japanese automaker return to profit.

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