Panic Buying Could Impact Global Food Supply Chain: UN Arm
The rapidly-spreading coronavirus pandemic is so far having little impact on the global food supply chain, but that could change for the worse
BUSINESS NEWS
Govt Infuses 500 Crore Capital In J&K Bank
J&K Bank today received Rs 500 Cr capital infusion from the government of Jammu and Kashmir to meet the Basel-III requirements
Can India Endure the Brunt of 21 Day Lockdown?
4% GDP loss for a crippling economic system with growing population and with 17% citizens living underneath poverty line, I worry, may prove to be an economic epidemic, as specialists name it, for India.
LG Asks J&K Bank Chairman To Follow RBI Guidelines
LG on Saturday asked J&K Bank Chairman to implement RBI guidelines over three-month long moratorium on the payment of installments of term loans
IMF Chief Says Global Economy Has Clearly Entered Recession
“It is clear that we have entered a recession” that will be worse than in 2009 following the global financial crisis, IMF chief Kristalina Georgieva said in an online press briefing
RBI Slashes Interest Rate by 75 Bps, Permits Freeze on EMI Payments
RBI on Friday allowed banks to put on hold EMI payments on all term loans for three months as it slashed the cost of fresh borrowing by cutting policy interest rate to counter the economic fallout of the fast-spreading pandemic.
JK Bank Waives Charges on Digital Transactions
J&K Bank has waived charges on digital transactions and non-maintenance of minimum balance on all accounts till June 30, 2020 in view of the ongoing lockdown imposed to Covid19 pandemic.
Moody’s Slashes India GDP Growth In 2020 To 2.5% From 5.3%
Moody’s Investors Service on Friday slashed its estimate of India’s GDP growth during 2020 calendar year to 2.5 per cent, from an earlier estimate of 5.3 per cent
Govt Unveils Rs 1.7 Lakh Cr Stimulus To Help Poor Hit By Lockdown
The government on Thursday announced a Rs 1.7 lakh crore stimulus that included free foodgrain and cooking gas to poor for three months
Govt Extends Tax Deadlines, Waives ATM Charges
The government on Tuesday extended the deadline for filing income tax and GST returns, raised threshold of default that could trigger insolvency of a company
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