RBI allows lenders to give 3-mnt moratorium on loans

Banks will now have discretion in deciding the limits on working capital, with RBI saying that no payment miss should be considered a default and reported to credit information companies.

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THE ECONOMIC TIMES NEWS DIGEST Sat, Mar 28, 2020 | 04:00 PM IST

Dear Reader, here are top stories of the day.

epaper RBI allows lenders to give 3-mnt moratorium on loans Banks will now have discretion in deciding the limits on working capital, with RBI saying that no payment miss shoul... Mobile phone makers seek rollback of GST increase In a recent letter to finance minister Nirmala Sitharaman, the Indian Cellular & Electronics Association (ICEA) said ... Amid crisis, RBI loan breather for telcos Experts though have called on the government to consider a three-month moratorium on operators' revenue-share commitm...

Today's Highlights Herd immunity can effectively counter Covid: Aiyar Emphasizing that the current state-mandated 21-day lockdown may fail to effectively counter the covid-19 outbreak, he... As private labs start testing, numbers could to up Private labs started offering their tests this week, since then the 29 private labs in the country have been gearing ... COVID-19: TechM tweaks brand logo to convey solidarity The Tech Mahindra culture draws heritage from the core purpose and values that drive the Mahindra Group as a whole. I...

Industry No new business, little profit: Banks face the squeeze Experts say banks will see a negative operating leverage due to less revenue. ... Meet the woman behind India's first covid testing kit Minal Dakhave Bhosale developed India's first Covid kit in just six weeks.... Govt allows use of passenger planes to ferry cargo to fight Coronavirus "The government has allowed airlines to carry cargo in their passenger aircraft, which are grounded at various airpor...

Tech Technology adoption gets new life in Covid-19 times With the young discovering old ways to connect and the old connecting with the new, the Covid-19 outbreak has turned ...

News India's chaotic cities turn eerily silent as virus fears grow By Saturday India had reported 834 infections and 19 deaths, triggering community infection fears.... US announces $2.9 million aid to India The US State Department said it is providing USD 2.9 million to help the Indian government prepare laboratory systems... Millers face supply crunch, FCI extends open sale The FCI also opened its depots for selling grains to millers though state governments, which has curtailed the week-l...

NRI H-1B electronic registration process completed, says USCIS ​​​The petitions were randomly selected from the registrations submitted properly and petitioners will be notified no...

RISE Ola's Bhavish Aggarwal to forgo 1-year's salary The proceeds of the fund will help towards the welfare and upliftment of drivers and their families who have been aff... Not having to pay EMIs now is the right thing The problem with this crisis is, no one knows when it would be over. Even the RBI hopes the pandemic will fizzle out ... Services startups take steps to protect frontline employees Home services startup Urban Company, formerly UrbanClap, has partnered with Srinidhi Foundation to set up a relief fu...

Wealth No pain, shame if you miss EMIs till May 31 Those who choose to take a three-month break from repayments will also not damage their track record with credit info... How to apply online for advance from your EPF corpus An advance under the amended paragraph can be sought through the same process by which all other advances are granted...

Panache Sit back, behave, wash hands and be proud of US: Donald Trump's word of advice for children at home The US President said that they are 'winning the battle' against coronavirus just for the children.... Home, shanti, home: Exercising ins and outs of isolation We, the people, locked, blocked and loaded for innovation.... Get your coronavirus info right: Facebook launches Messenger Chatbot to counter fake news The tech company has collaborated with Health Ministry and MyGov to raise awareness....

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