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The loan was extended to GoAir under the Emergency Credit Line Guarantee Scheme (ECLGS) 2.0, which is a part of Atmanirbhar Bharat Package 3.0 announced on November 12, 2020

The Indian-origin finance minister is expected to set aside GBP 22 billion for a new infrastructure bank when he tables his Budget in Parliament next Wednesday

The minister observed that a large amount (average Rs 8 and higher per unit) is being paid by the MSMEs for power consumption, which contributes to up to one-fifth of the overall production costs

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Persistent negative growth in rural wages and soaring corporate profits accompanied by job and wage cuts demonstrate a clear disconnect between growth/profits and wellbeing of ordinary Indians

The customers Karnataka-based Deccan Urban Co-op Bank cannot withdraw more than Rs 1,000 from their savings account for a period of six months. The RBI has also barred the bank from granting fresh loans or accepting deposits

Coronavirus vaccine: The Covid-19 vaccine candidate of Novavax is being studied in two ongoing pivotal Phase 3 clinical trials: in the United States and Mexico, as well as in the United Kingdom

Amid ongoing agitation by farmers demanding the repeal of three contentious farm laws, the finance minister informed that not a single APMC has been shut in any state

In the financial year 2020-21, the Indian rupee (INR) has appreciated by 3.53 per cent till February 2, 2021, as per the information provided by Reserve Bank of India, Thakur said in a written reply to Rajya Sabha

The government has announced several measures under Aatmanirbhar Bharat package to increase availability of credit to the MSME sector, added MSME Minister Nitin Gadkari

Finance Minister Nirmala Sitharaman also said that the government has no plan to form any bank investment company to house the government stakes in banks

At 21% recovery, IBC has performed worse than UPA-era debt recovery mechanisms panned for inefficiencies. The idea of a bad bank is also likely to fail if political interference and poor bank governance continue

According to Union Health Ministry, over 54 lakh people in the country have been vaccinated with the two coronavirus vaccines- Covishield and Covaxin, so far

Little attention to direct income support, health and education deprivations, and revival of small businesses will keep the demand and production of goods and services depressed in FY22

Currently, there exists a window for retail investors where they can place their buy and sell orders through intermediaries, but participation remains low

Bank credit growth shows signs of uptick, backed by retail and agri loans, but is expected to remain muted in FY21 due to asset quality pressures

Economists, CEOs, consultants, sector specialists interpret Nirmala Sitharaman's 'Never-before' Budget

India Ratings and Research said only 5 per cent of its rated 450 issuers in the mid and emerging corporates (MEC) space had availed the RBI's financial restructuring facility available till December 31, 2020

This ARC-AMC entity will be set up by the banks; there will be no government equity, said the Banking Secretary. This means there will be ARCs and AMCs at bank level to deal with bad debt