Sitharaman also announced Rs 1.1 lakh crore credit guarantee scheme for improving health infrastructure as part of the stimulus package intended for economic revival.
Sound health of NBFCs is vital because they form backbone of Indian economy in lending to wide range of borrowers from small merchants to business giants.
There have been around 5 downgrades for one upgrade of rupee debt of Indian firms since 1 July, compared to ratio of almost 11 to one in first quarter.
Doubts over the fiscal stimulus package, extension of nationwide lockdown till 31 May & spike in Covid-19 cases weighed on investor sentiment, said traders.
The dynamics between Europe and Russia have gone so south that mending fences looks like an uphill task—even as the US swings between sanctions and olive branches.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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