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Finance Minister Nirmala Sitharaman unveils revival of economy post Prime Minister Narendra Modi’s announcement of Rs 20-lakh-crore stimulus package. Distressed MSME’s get breather.

Here is the full text of finance minister Nirmala Sitharaman’s announcements during the press-meet Covid-19 Package Nirmala Sitharaman on Wednesday released the details of the ₹20 trillion stimulus packages to restore the health of Indian economy hit by Covid-19 pandemic. Sitharaman said banks will provide Rs3 trillion as automatic collateral-free loans to standard MSMEs.
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India enters the most crucial phase of Lockdown 3.0 from May 4. Know what is permitted & relaxed. What to keep in mind when you visit liquor shop.

The Ministry of Home Affairs Friday extended the nationwide lockdown for two more weeks – now ending on Monday, May 17. In an order issued this evening. “After a comprehensive review and in view of the lockdown measures having led to significant gains in the Covid-19 situation, the government has decided to further extend the […]
Business

PM emphasises dissemination of technology till the last mile and making our farmers more competitive in the global value chain

Prime Minister Narendra Modi held a meeting today to deliberate on the issues and reforms required in Agriculture sector. Special emphasis was given on reforms in agriculture marketing, management of marketable surplus, access of farmers to institutional credit and freeing agriculture sector of various restrictions. Prime Minister laid special emphasis on technological
Business

Indian funds seek to reassure investors after shutdowns fuel redemption fears. The industry continues to remain robust. AMFI chairman Nilesh Shah

MUMBAI – Fund houses in India were battling to reassure investors on Friday, amid fears of a flood of redemption requests after the unprecedented closure of six debt funds by global giant Franklin Templeton. Franklin Templeton Mutual Fund, one of India’s most prominent mutual fund houses in fixed income, said on Thursday it would wind […]
Business

Lockdown due to COVID-19 has a drastic impact on the daily wage workers. Industries cannot be forced to pay wages to their employees during the coronavirus-induced lockdown, BJD MP Bhartruhari Mahtab

Industries cannot be forced to pay wages to their employees during the coronavirus-induced lockdown, BJD MP Bhartruhari Mahtab, who chairs the parliamentary panel on labour, said on Monday. Amid the countrywide lockdown to check the spread of the novel coronavirus, the parliamentary panel on labour on Thursday submitted its report on the Industrial Relations Code, […]
Business

How India’s new FDI rules towards China will impact the trade & commerce?. China has called the rules “discriminatory”.

India’s plan to screen foreign direct investments from neighbouring countries has Chinese firms concerned that such scrutiny will affect their projects and delay deals in one of Asia’s most lucrative investment markets. The tougher rules were not a surprise, as other countries are also on guard against fire sales of corporate assets during the coronavirus […]

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How to make India future-ready? In an era of ever changing uncertainties.The truth of the matter is India’s monumental blunder years after years in preparing for the future. Have you ever realized that you are remembered only once in five year to vote & the rest of the time, you are treated as an unwanted object.Corruption? Incompetence? Bad planning?. Political corruption is always hard to fathom. Sure, greed typically is the devil paving the road toward graft. But the potential consequences are so severe for persons held in high esteem you would think any sane politician would run from the risk. Indian Affairs led by Satya Brahma, the visionary founder chairman & Editor—In-Chief of the illustrious Network 7 Media Group attempts to make an impact as he makes you the supreme.