With businesses and personal finances hit hard by a loss of income, the first of the month may mean triage in deciding what to pay.

Finance Minister Nirmala Sitharaman said she will talk to states and ensure that there are no restrictions in the movement of cash, bankers, vendors or bank mitra amid lockdown.

The government will compile a supplementary budget for the fiscal year beginning in April in the next 10 days to fund the package, the Prime Minister said.

Child care options, internet access and extra living space can mean starkly different outcomes in coping with disruptions to school and work routines.

The Sidbi Assistance to Facilitate Emergency (SAFE) response against coronavirus scheme will offer loans to MSEs at a fixed interest rate of 5 per cent and with a maximum loan repayment tenure of

India is currently under a 21-day lockdown from March 25 to curb the spread of coronavirus. Therefore, all domestic and international commercial flights have been suspended during this period.

RBI has made a one-time exception in view of the financial distress arising out of the global pandemic coronavirus and the economic havoc wreaked by the lockdown imposed to control its spread.

Moodys now expects real GDP in the global economy to contract by 0.5 per cent in 2020, followed by a pickup to 3.2 per cent in 2021.

Launched under Ola Foundation, the Drive the Driver Fund will support the drivers through contributions from the Ola group, investors and via a crowdfunding platform for citizens and other instit

The company said Sunil Duggal, whole-time director and CEO of Hindustan Zinc Ltd, a subsidiary of Vedanta, will take additional charge as an interim CEO of Vedanta Ltd from April 6.

Indian rupee gained in the early trade on Friday. It has opened higher by 46 paise at 74.69 per dollar against previous close of 75.15.

According to a poll of economists taken March 25-26, Indias economy will expand just 4.0% annually on a year ago in the quarter that ends on March 31, the weakest since comparable records began i

USA India Chamber of Commerce said the Indian governments decision of announcing financial packages as the virus damaged economy showed the political will to doge the full hit of the pandemic.

Thng said the annual salary increment exercise for all eligible staff will be deferred from April to July 1 and an appropriate decision shall be taken then.

The banking industry association made an appeal to customers asking them to avoid visiting branches for non-essential services and make most use of the mobile and online banking channels.

In India, where the New Jersey-based company employs around 203,700 workers, the lockdown has thrown life for many into chaos as access to groceries and other basics has become difficult.

The governor said the CCB is designed to ensure that banks build up capital buffers during normal times, that are outside periods of stress which can be drawn down, as losses are incurred during

Coal is an essential service as recognized under Emergency Services Maintenance Act (ESMA) 1981, and services engaged in coal industry are public utility service.

Sinha, who has been quite vocal about the Modi governments policies in the last couple of years, noted that the Indian economy has been on a downward trend for 7-8 quarters now, and the decline s

The $2 trillion aid package is expected to save jobs and bail out companies, but it reorders the relationship between government and private industry.