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Coronavirus Outbreak: Despite personal loss, Assam hospital cleaner stays put in quarantine; doctors, nurses spend time reading, watching shows
Dowerah •Quarantine is definitely more screentime albeit on the consumers' end. Be it the mobile phone or the television, perhaps both are the best tools to be exploited to the core when in quarantine.
Coronavirus Outbreak: SIDBI to provide 90-day term loans to banks, NBFCs, MFIs for onward lending to MSMEs
•SIDBI will offer liquidity to banks, NBFCs and MFIs as term loans for a tenor of 90 days and for a maximum period of one year,
Expert hail RBI's liquidity-boosting measures for NBFCs, easing of bad-loan rules; say reverse repo rate cut shall push banks to open up credit flow
Fp Staff •The RBI has further given a stimulus to the economy by announcing the second tranche of liquidity with a 25 basis point reverse repo cut taking it to 3.75 percent from 4 percent earlie
Coronavirus Outbreak: Small business credit worth Rs 2.32 lakh cr at highest risk of default, warns CIBIL
•Small business credit of Rs 2.32 lakh crore is at the highest risk of default, and micro enterprises having loan outstanding of less than Rs 10 lakh are the most vulnerable because of the COVID-19 pandemic, a credit information company said on Wednesday
Coronavirus Outbreak updates: COVID-19 count in Delhi reaches 1,893; No decision yet on starting domestic, international flights, says Hardeep Singh Puri
Fp Staff •Coronavirus Outbreak updates:Civil Aviation Minister Hardeep Singh Puri on Saturday said airlines are advised to open bookings only after the government takes a decision on starting domestic and international commercial passenger flight services.'The Ministry of Civil Aviation clarifies that so far no decision has been taken to open domestic or international operations,' he wrote on Twitter.
Coronavirus Outbreak LIVE Updates: With 118 new COVID-19 cases today, tally in Maharashtra crosses 3,000-mark; toll rises to 194
Fp Staff •Coronavirus Outbreak LIVE Updates: The Union health ministry said that about 63,000 personal protective equipment (PPE) kits which arrived from China recently did not fulfill the criteria.
Coronavirus Outbreak: Real estate industry hails RBI move to boost liquidity in system
•The real estate industry on Friday hailed RBI's decision to boost liquidity into the system and provide relief to loans taken from NBFCs for commercial projects, but sought one-time restructuring of their loans and a stimulus package to help the sector in battling the crisis caused by the lockdown to control COVID-19
Coronavirus Outbreak: Bankers welcome Reserve Bank's steps to enhance liquidity
•The second set of measures announced by RBI for the COVID-19 pandemic-stricken economy got a thumbs-up from bankers who welcomed the steps taken as per the evolving market conditions
RBI measures to boost liquidity, incentivise banks to lend more to revive economy: Nirmala Sitharaman
•In order to increase credit to farmers, MSMEs and housing sector, RBI announced a special refinance facility totalling Rs 50,000 crore for NABARD, SIDBI and the National Housing Bank, she said.
RBI Governor Press Conference: Shaktikanta Das announces relief measures for liquidity in system, to ease financial stress
Fp Staff •Stating that the RBI is monitoring the situation developing out of Covid-19 outbreak, he noted that the contraction in exports in March at 34.6 percent was much more severe than global financial crisis of 2008-09.