The first tranche of loans has been sanctioned to Andhra Pradesh, Telangana and Uttar Pradesh under the Rs 90,000 crore liquidity infusion package for discoms announced in May

The Special Liquidity Scheme permits both primary and secondary market purchases of debt and seeks to address the short-term liquidity issues of non-banking financial companies (NBFCs) and housing finance companies (HFCs)

India faces a fresh threat of NPAs with RBI warning dramatic rise in loan default rate from 8.5% in FY20 to 14.7% in FY21. A global study shows the Indian corporate sector was most debt-stressed with 43% of long-term loans vulnerable to default even before the COVID-19 pandemic hit

The draft Defence Production and Export Promotion Policy 2020 set an export target of Rs 35,000 crore ($5 billion) in aerospace and defence goods and services in the next five years

MSMEs body says the industry is not back on its feet yet and needs more support from the regulator to overcome the current crisis

Under the policy, a list of strategic sectors will be notified where there will be at least one and a maximum of four public sector enterprise, apart from private sector companies

Edelweiss Financial Services has opted out of the process of pre-initial public offering (IPO) advisor selection on concerns related to conflict of interest

Primarily imported from China and South East Asia, the new amendment will require OEMs to furnish details such as the origin of the consignment, even when the shipment is routed through a different country

The lender reported an 81 per cent surge in profit and better asset quality as bad loan provisions dropped. Its provision coverage ratio, or the percentage of funds set aside for loan losses, was 86.32 per cent

The United States will pay up to USD 2.1 billion for development including clinical trials, manufacturing, scale-up and delivery of its vaccine,'' the companies said in a statement. Sanofi will get the bulk of the funds

The government had pegged the fiscal deficit for 2020-21 at Rs 7.96 lakh crore or 3.5 per cent of the GDP in the Budget which was presented by Finance Minister Nirmala Sitharaman in February

During April-June FY21, the sector's output fell  24.6 per cent as compared to a positive growth of 3.4 per cent in the same period previous year. The eight core industries account for 40.27 per cent in the Index of Industrial Production (IIP)

In a conversation with Congress leader Rahul Gandhi, Yunus called for making a new beginning towards a system that will create space for the informal and rural economy and all sections of society

Two-wheeler (2W) dispatches are expected to see further recovery on further ramp up in supply chains, thriving rural sentiment and rise in personal mobility needs on account of coronavirus

Union Education Minister Ramesh Pokhriyal 'Nishank' said earlier today that the grand finale of the Smart India Hackathon 2020 will be held from August 1 to August 3

Like most Islamic the festivals it is not celebrated on the same day worldwide, however, the difference is only of a day or two

NEP 2020 has got the ball rolling to fix the school education but is innocuously quiet in acknowledging the contribution of the private schools and the failure of the public school system

The government recently decided against implementing the new return format and instead stuck to the existing one with some improvements like introduction of GSTR 2B form and detailed GSTR1 and GSTR 3B forms

Complete list of bank holidays in August 2020: All banks to be closed on August 1 for Eid-ul-Adha and on August 15 for Independence Day

The hospitality sector has for long been urging the government to pause loan repayments after the six-month moratorium ends on August 31