Reserve Bank of India (RBI) in its COVID-19 package has said that all commercial banks, cooperative banks and NBFCs including MFIs and housing finance companies are permitted to provide a moratorium on all kinds of term loans

There are three repayment options for a borrower who is opting for a moratorium based on the accrued interest and principal amount or the deferred EMIs

Coronavirus update: Finance Ministry had earlier extended the deadline for bids submission for Air India to April 30 from March 17. The government wants to offload 100 per cent of its stake in the beleaguered airline

The Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM-CARES Fund) was set up on March 28 to raise money for combating the coronavirus crisis and to provide relief to the affected

In India too, jitters of upcoming recession were felt with FIIs withdrawing Rs 12,684 crore from equity market in February this year

FIIs withdrew Rs 65,816 crore in a month which proved to be the worst ever for Sensex and Nifty

Coronavirus donations: Tata Sons and Tata Trusts contributed Rs 1,500 crore. Tata Trusts' contribution of Rs 500 crore will be used to manufacture personal protective equipment, respiratory systems, testing kits, setting up modular treatment facilities and training of health workers

With the promulgation of the ordinance, the last date for filing income tax returns for 2018-19 as well as that for linking PAN with biometric ID Aadhaar has been extended by three months to June 30

Coronavirus update: The aviation sector has been hit hard by COVID-19 with airlines cancelling international flights and announcing pay cuts for employees

Banks are passing on repo cut benefit to borrowers and tying up working capital limits to kickstart businesses

Coronavirus update: The course aims to support national readiness and preparedness for COVID-19 and increase its capacity to respond to coronavirus

LIC serves over 29 crore policies with an asset base of more than Rs 31 lakh crore and over 70 per cent of the market share

It also extends date till June 30 for passing of order or issuance of notices by the authorities under various direct taxes and Benami law. Besides, date for 'Vivad Se Viswas' scheme has also been extended by three months till June-end

India coronavirus latest coverage live: According to Ministry of Health and Family Welfare, the total confirmed cases of coronavirus, as on April 1, 2020, 7:30 pm, stand at 1,834

 Sensex, Nifty Live News Today: Sensex ended 1,028 points higher at 29,468 and Nifty closed 316 points to trade at 8,597

Will it be easy for the RBI to raise resources for the government? Let's look at how strong RBI's balance sheet is to assist the government

On March 23, FIIs took out Rs 3,515 crore from Indian market. In the same session, benchmark indices Sensex lost 3,934 points at 25,981 and Nifty fell 1,135 points to 7,610

LIC has relaxed the premium payment deadline to help its policyholders who are unable to pay the insurance premium on time due to COVID-19 outbreak

CII has written to Prime Minister Narendra Modi seeking a fiscal stimulus of 1 per cent of the GDP amounting to Rs 2 lakh crore to needy citizens through Aadhaar-based direct benefit transfer

The Life Insurance Corporation (LIC) said it is confident of crossing its target of 25 million individual policies well before March-end