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Govt Cuts Interest Rates On PPF, Other Small Savings Schemes
The government on Tuesday slashed interest rates on small savings schemes, including NSC and PPF, by up to 1.4 percentage points for the first quarter of 2020-21, in line with moderation in bank deposit rates.Interest rates for…
Coronavirus Outbreak Could Throw Millions Of Asians Into Poverty, Says World Bank
The World Bank is estimating that the cornavirus outbreak will cause economic growth to slow significantly this year in China and other East Asian-Pacific countries, throwing millions into poverty.Under a worse-case scenario, the region…
Govt issues orders under J&K Reorganization Act, 2019
Srinagar,Mar 30 : The government today issued two orders under section 98 of the Jammu and Kashmir Reorganization Act, 2019, read with clause 17 of the Jammu and Kashmir Removal of Difficulties Order, 2019.
According to the first order,…
Clearly We Have Entered Recession That Will Be Wore Than 2009, Says IMF Chief
The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said Friday."It is clear that we have entered a recession" that will be…
How does RBI expect to pay deferred interest when the businesses are shut. Need total revamp of RBI…
Srinagar, Mar 26 : Vice Chairman Kashmir Economic Alliance (KEA) Mohd Iqbal Trumboo in a statement issued to KNS today said, they are unhappy over the RBI’s contingency measurers for deferment of Interest component of working capital and…
RBI issues instructions regarding certain regulatory measures taken in view of Covid 19 pandemic
Srinagar, March 27 : Reserve Bank of India has announced certain regulatory measures to mitigate the burden of debt servicing brought about by disruptions on account of COVID-19 pandemic and to ensure the continuity of viable…
Covid-19 suspects face immense problems at SKIMS; Did doctors run away from Covid patients?
Srinagar, Mar 27: Covid-19 suspects are facing immense problems at Valley’s leading medical institute here in Soura Srinagar.
Some Covid-19 suspects are being brought to hospital by Police and some turn voluntarily. A large chunk of…
J&K Bank to fully implement RBI guidelines, no EMIs on loans for next 3 months; Says RK…
Srinagar, Mar 27: Finally some good news in these extraordinary times. The borrowers in Jammu and Kashmir have got a reason to smile as Jammu and Kashmir Bank will not deduct EMIs on all loans for the next three months considering the…
Covid-19 relief: RBI cuts repo 75 bps; defers term-loan EMIs for 3 months
The Reserve Bank of India (RBI) on Friday went all guns blazing to arrest a potential slowdown caused by the coronavirus (Covid-19), lowering the policy repo rate by 75 basis points to 4.4 per cent."Given the Covid-19 stress, the…
RBI slashes interest rate by 75 bps, permits freeze on EMI payments to fight corona fallout
The 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 by steepest in more than 11 years, joining the efforts of the…