Deferring your EMIs? Here's the pinch

Industry experts are advising customers to pay off those loans where interest rates are rather high.

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THE ECONOMIC TIMES NEWS DIGEST Tue, Mar 31, 2020 | 04:00 PM IST

Dear Reader, here are top stories of the day.

Industry Deferring your EMIs? Here's the pinch Industry experts are advising customers to pay off those loans where interest rates are rather high. ... A coronavirus vaccine in 18 months? Experts urge reality check Most vaccines go through years of tests before they hit the market; 12 to 18 months would be extraordinarily fast. Th... Hotels, resorts come in handy in fight against Covid State governments are using these facilities for conversion into isolation wards in worst-affected hotspots. The Madh...

Today's Highlights Oil, gas bid deadline extended; bid rounds merged The fifth bid round under Open Acreage Licensing Policy (OALP) opened in January and was to initially close on March ... It's like wartime, radical reforms needed: Ex-SBI boss Comparing the present upheaval with what the country faced during the 1991 balance of payment crisis, she said, "We a... Arcelor to develop 3D printed ventilator prototype The prototype will be tested imminently in hospitals and, if successful, is expected to significantly step up the abi...

epaper The flip side of deferring your EMIs Some lenders fear a huge pause could actually worsen their liquidity position.... Labour-driven export sectors run for cover According to sectoral estimates, about ₹7,600 crore of leather export orders have been cancelled, ₹2,000 crore carpet... Tax and duty relief likely in package for industry The government has also initiated talks with the World Bank for an unprecedented package from the multilateral lender...

News Super-spreader fears rise after a Delhi area finds itself under sudden virus glare It all started from a religious congregation organised by Tablighi Jamaat in the area.... Putting finance on ice is not a good Covid strategy India isn't the only country going down the route of payment moratoriums. Malaysia has announced an automatic freeze ... Recession coming for all except India, China: UN UN's trade body, however, did not give a detailed explanation as to why and how India and China will be the exception...

Panache Ambani donates extra Rs 500 cr to PM's relief fund The billionaire already built the country's first COVID-19 hospital, and offered fuel to emergency vehicles carrying ... Wipro's Rishad Premji looks for 3 traits in an employee The Wipro Chairman spoke about the effect of startup culture on traditional business and the corporate world....

Wealth Loan, card dues moratorium is not free People have a lot of misconceptions about what has been promised. Keep these things in mind when you make financial d... Tax changes that come into effect from tomorrow ​The government via a press release dated March 30, 2020, has clarified that there is no extension of the financial y...

NRI Nasscom seeks extension for near-expiry H-1B visas Nasscom has requested the US Department of Homeland Service (DHS), the labor department and the US Citizenship & Immi... H1B workers seek 180 instead of 60-day stay in US Fearing massive layoffs in America due to the Covid-19 crisis that is hitting businesses around the globe, foreign te...

RISE From Flipkart to Uber, startups unite and tap common resources to deliver essentials E-commerce firms sought help to move packages through Indian Railways' freight network which has remained operational...

Mutual Funds Small cap mutual funds are down 30% in a month. Is it time to invest? Two small cap mutual fund schemes, SBI Small Cap Fund and DSP Small Cap Fund, has reopened for lumpsum investments ye... Axis Bluechip Fund: Fund review One equity scheme suitable in the current scenario is Axis Bluechip Fund. The scheme is managed by Shreyas Devalkar, ... SBI Mutual Fund suspends fresh investments in gold fund SBI Mutual is the first fund house to have discontinued purchase in SBI Gold Fund, which has assets of ₹434 crore. As...

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