The NHAI will disburse 'COVID-19 loan' within 60 days of receiving a valid request from the concessionaire. The loans will be granted only to those parties who are not in default of contractual obligations as on February 19, 2020

India's GDP growth is estimated to be 4.2 per cent for full fiscal FY20 and minus 4 per cent for FY21 \"with more than Rs 14 lakh crore of real output loss\", as per ICICI Bank's research report

Give Informal workers social security, say in laws governing them

CRISIL opined that it is not possible for India to return to its pre-pandemic growth levels at least for the next three fiscals despite policy support

\"I have just noticed that the Union Ministry of Labour is firming up its stance to tell the states that they cannot abolish labour laws because India is a signatory to the International Labour Organization (ILO),\" Kumar said

According to Dun & Bradstreet's latest Economic Observer, the country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package

Sources in Finance Ministry said that any such proposal would prove to be counter-productive as sales are already low amid lockdown, while industry is facing a deep crisis due to low demand and shortage of labour

Leading virologist Shahid Jameel said that COVID-19 will eventually be controlled through herd immunity, which is acquired in two ways when a sufficient fraction of the population gets infected and recovers, and with vaccination.

The government data released by Niti Aayog member Vinod Paul stated that as of May 21, 80 per cent of active cases were concentrated in 5 states, namely Maharashtra, Tamil Nadu, Gujarat, Delhi and Madhya Pradesh

\"The revised timeline for completion of the CIRP of Jet is now August 21, 2020, subject to any further extension of the lockdown by the state government of Maharashtra or the Central Government, as the case may be,\" Jet Airways said in an exchange filing

Extension of moratorium will put pressure on the books of banks and may lead to a series of bad loans for the lenders

Share price of InterGlobe Aviation gained up to 3.85% to Rs 1,016  compared to the previous close of Rs 978.25. Share price of SpiceJet was locked in upper circuit of 5% for the second consecutive session

The loan moratorium has now been extended till August 31 for 6 months

The monetary policy committee (MPC) is maintaining an accommodative stance until growth revives, Das also said

Share price of InterGlobe Aviation gained up to 9.88% to Rs 1,002 compared to the previous close of Rs 911.90 on BSE

The agency also sharply revised downwards the growth contraction in Q1 to 25 per cent as against the previous forecast of 16-20 per cent and to minus 2.1 per cent in Q2 from 2.1 per cent growth previously, which implies a recession

Domestic carriers, IndiGo and SpiceJet, lauded the government's decision to recommence domestic civil aviation operations from May 25

The funding and liquidity positions of Indian NBFI will remain crucial in coming months, as loan collection inflow is likely to stay subdued even as the economy reopens gradually, says Fitch

The department said that the period of extension (three and six months) may be decided based on the specific circumstances of the case and the period for which performance was affected by the force majeure events

The new EPF rule will benefit 4.3 crore employees and 6.5 lakh employers facing liquidity crisis due to coronavirus-led nationwide lockdown