Economy
Centre to borrow Rs 1.1 lakh cr GST compensation for states
The amount so borrowed will be passed on to the states as a back-to-back loan in lieu of GST Compensation Cess releases
RBI gives relief to big ticket loans of above Rs 75 lakh
The latest announcement regarding home loan risk has done away with the requirement of factoring in loan amount while setting risk weights
RBI keeps key rates unchanged; signals more easing to protect economy
The six-member Monetary Policy Committee voted unanimously to retain the benchmark repo rate at 4 per cent
Centre's interest waiver policy is manageable, say analysts
State Bank of India’s new chairman Dinesh Khara in his first press interaction refused to comment on the issue as the matter is subjudice.
Lockdown impact: GDP likely to contract by 9.6 per cent this year, says World Bank
However, the World Bank said that the response of the government of India to the COVID-19 outbreak was swift and comprehensive.
India's domestic air passenger traffic improves in September
The Civil Aviation ministry had permitted domestic flights to resume their operations from May 25 with one-third capacity
Happy Centre allows Andhra Pradesh, Uttar Pradesh to borrow Rs 7,106 crore
Centre had allowed states an additional borrowing limit of up to two per cent of Gross State Domestic Product for 2020-21
India third largest job provider in renewable energy sector after China, Brazil
Solar photovoltaic segment provides the largest number of both direct and indirect jobs in India.
Relief for MSMEs: Centre waives off compound interest on loans during pandemic
Any individual/entity whose loan amount is more than Rs 2 crore will not be eligible for waiver of the compounding of interest.
RBI postpones monetary policy meeting as govt yet to announce MPC members
Terms of three members of the Monetary Policy Committee ended last month