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BusinessToday.In
New Delhi, October 24, 2020
Finance Ministry issues guidelines for implementation of interest waiver; Govt to fetch Rs 60,000 crore from BPCL, Concor, SCI, BEML sale; Pakistan to stay on terror financing 'grey list' till February 2021. Watch this and more news on News Blast.


Vivek Punj
New Delhi, October 24, 2020
Finance Ministry issues guidelines for implementation of interest waiverFinance Ministry has approved guidelines for a scheme granting ex-gratia payment against the difference between compound interest and simple interest for six months on loans up to Rs 2 crore. The guidelines came after the Supreme Court directed the Centre to implement as soon as possible the interest waiver on such loans during the RBI moratorium. As per the operational guidelines by Department of Financial Services, the...


BusinessToday.In
October 21, 2020
Over 30 lakh non-gazetted employees will be benefited by the bonus announcement and total financial implication the decision will be Rs 3,737 crore, says Union minister Prakash Javadekar


BusinessToday.In
October 20, 2020
The recovery in GST e-way bills, electricity, petrol and diesel in September 2020 provides a meaningful pointer to a broader economic revival, ICRA said in its monthly economic review for September


PTI
October 20, 2020
As part of the Aatmanirbhar Bharat Package, the government has announced to cover 2.5 crore farmers under the KCC scheme with a credit boost of Rs 2 lakh crore through a special saturation drive


Rashi Bisaria
New Delhi, October 20, 2020
Israel to begin trials of COVID-19 vaccine 'Brilife' by Oct-endIsrael has named its COVID-19 vaccine candidate 'Brilife' and its human trials will begin by October-end, according to an official press release. The prospective vaccine is being developed by the Israel Institute of Biological Research (IIBR) that was established in 1952 as part of the Israel Defence Forces' Science Corps, and later became a civilian organisation.Big Billion Days: Over 70 sellers become crorepatis in first 3 day...


Joe C Mathew
October 19, 2020
Sitharaman clarified that it is not certain whether it will be done in public or in the Parliament. She also ruled out giving any tentative deadline for giving an official GDP estimate for the current year


BusinessToday.In
October 19, 2020
Scheme is voluntary and taxpayers with income up to over Rs 10 lakh may be incentivised for supporting a poor family with Rs 5,000 per month; govt can incentivise taxpayers with around Rs 50,000 tax deduction apart from exemption offered under 80C


PTI
October 17, 2020
The finance minister's letter to states comes four days after the GST Council meeting failed to reach a consensus on the stalemate over the Centre's proposal of states borrowing against future GST collections to make up for the shortfall


Dipak Mondal
October 14, 2020
Pre-packs are popular in many countries as an alternative to lengthy insolvency processes as they are faster, cheaper and are done with statutory sanctioning


Niti Kiran
October 13, 2020
The upside momentum continued in the market for the ninth consecutive session on Tuesday and the 30-share index Sensex gained over 2,600 points during this period


BusinessToday.In
October 13, 2020
The stock has gained 8% in the last week and 11% in the last one month. SSWL market capitalisation stood at Rs 745 crore as of today's session


BusinessToday.In
October 13, 2020
As per traders, market participants preferred to book profits at higher levels after an eight-session market rally


BusinessToday.In
October 13, 2020
Market cap of the firm stood at Rs 19,695 crore as of today's closing session. Alembic Pharmaceuticals share trades higher than 20, 100 and 200-day moving averages but lower than 5 and 50-day moving averages


BusinessToday.In
October 13, 2020
The IPO was subscribed 9.51 times. The initial public offering (IPO) with a price band of Rs 116- 120 per share, was scheduled to close on October 1 but was extended till October 7 amid lacklustre response


BusinessToday.In
October 13, 2020
The Indian currency opened at 73.41 against the US dollar at the interbank forex market, down 13 paise over its previous close


BusinessToday.In
October 13, 2020
Shares of Titan Company, Bluestar, Whirlpool and Voltas rose up to 2% on BSE in early trade today


Rashi Bisaria
New Delhi, October 13, 2020
Paul R Milgrom, Robert B Wilson win Nobel Prize for Economics 2020The Royal Swedish Academy of Sciences has decided to confer the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Stanford University professors Paul R Milgrom and Robert B Wilson \"for improvements to auction theory and inventions of new auction formats\".Using the auction theory, the researchers try to understand the results of different rules of bidding and final prices.Ahead of festive season, govt a...


BusinessToday.In
October 13, 2020
India Stock Market Highlights Today: UltraTech Cement, followed by Bharti Airtel, Asian Paints, Titan, ITC, Kotak Bank and L&T wer among the top gainers on Sensex. On the other hand, ICICI Bank, IndusInd Bank, SBI, Axis Bank and Bajaj Finserv were among the laggards


BusinessToday.In
October 12, 2020
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report


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