The Punjab National Bank (PNB) has announced additional credit facilities under the ‘PNB COVID-19 Emergency Credit Facility’ to aid the enterprises in India. CH. SS Mallikarjuna Rao, Managing Director and CEO, PNB spoke to BE’s Kuntala Sarkar.Q. PNB has opened an emergency credit line for the ...
A recent National Statistical Office (NSO) data pointed that the Index of Industrial Production (IIP) in India has contracted by 16.7% annually in March, 2020 as compared to a 2.7% expansion in March, 2019. This is the highest fall of the IIP in 39 years. NSO is yet to publish the IIP data for April...
Dear Readers,Aatmanirbhar Bharat: Prime Minister Narendra Modi announced a Rs. 20 trillion (USD 265 billion) reliefcum-stimulus package, equal to 10% of the GDP, aiminga quantum jump of the economy and not just an incremental change. Finance Minister Nirmala Sitharaman announced relief measures...
The Rs. 20-lakh crore package announced by the central government has ostensibly failed to inspire the sentiments of rating agencies, the business fraternity, economists, and opposition politicians who reckon it to be more of a measure for long-term and not making much sense for the short term, imme...
The new slogan is: “Be Vocal for Local!” or “Local ke liye Vocal!” In the agitational politics of India, slogans are often used to motivate action. At times, these actions are destructive as well. The old slogan The old slogan was: “Think Globally, Act Locally!” ...
In the month of April when the country was observing a lockdown, few Indian state governments notified to reform or suspend most of the labour laws in the formal sector. This was done to provide impetus to the struggling industrial sector and offer them some flexibility. The laws that are going to b...
After the declaration of the Rs. 20 lakh crore financial package by Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman detailed the entire plan of action over five days. Financial observers have noticed that the additional expenditure would be only about 10% of what was declared ...
The 20-lakh crore special package from the central government has evoked mixed responses. Finance Minister (FM) Nirmala Sitharaman has gone on record stating that the magnitude of the economic impact of the lockdown is yet to be measured, indicating the severity of the crisis.The government’s call...
The Prime Minister’s announced an economic package for all sectors due to the Covid-19 crisis. However, the traders have been disappointed with the Finance Minister’s announcements. Praveen Khandelwal, Secretary General, Confederation of All India Traders (CAIT) spoke to ...
Prior to the Prime Minister’s announcement of the economic package, Rajkiran Rai G., Managing Director and CEO, Union Bank of India while participating in a webinar organised by Bharat Chamber of Commerce observed that extending credit to MSMEs was not the only solution as it will destroy th...