Covid-19 relief: Government announces Rs 3-lakh crore collateral-free automatic loans for MSMEs

May 14, 2020

To provide relief to millions of small businesses reeling under the impact of the Covid-19 lockdown, Finance Minister Nirmala Sitharaman on Wednesday announced a slew of liquidity measures, which include collateral-free automatic loan worth Rs 3-lakh crore. Borrowers with up to Rs 25 crore outstanding and Rs 100 crore turnover are eligible. The FM added that these loans will have a 4 year tenure and moratorium for 4 months. There…

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Vijay Mallya asks govt to accept loan repayment offer, close case against him

May 14, 2020

NEW DELHI: Embattled liquor baron Vijay Mallya, who is fighting against his extradition to India, on Thursday asked the government to accept his offer to repay 100 per cent of his loan dues and close case against him. While congratulating the Indian government over the Rs 20 lakh crore economic package, Mallya lamented that his repeated offers to repay his dues have been ignored. “Congratulations to the Government for a…

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WhatsApp Tells Supreme Court, Will Not Go Ahead With Payment Service Without Compliance

May 14, 2020

WhatsApp told the Supreme Court Wednesday that it will not go ahead with the payment service scheme without complying with all the regulations that are in force in India. WhatsApp said this before a bench, headed by Chief Justice SA Bobde, which was hearing through video-conferencing a plea seeking directions to the National Payments Corporation of India (NPCI) and the RBI to ban the US-based firm”s operations in the Unified…

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Coronavirus Lockdown: Barring 15 Specials And Migrant Trains, Tickets Cancelled Till End-June

May 14, 2020

New Delhi:The Railways has cancelled all tickets for passenger trains, including mail, express and suburban services, for journeys booked up to and including June 30. A full refund will be given to all passengers whose tickets have been cancelled, the Railways said in a statement released Thursday. The cancelled tickets were booked before the lockdown, when the Railways was still taking reservations for journeys in June. People who booked tickets…

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Coronavirus may never go away, World Health Organization warns

May 14, 2020

GENEVA: The coronavirus that causes Covid-19 could become endemic like HIV, the World Health Organization said on Wednesday, warning against any attempt to predict how long it would keep circulating and calling for a “massive effort” to counter it. “It is important to put this on the table: this virus may become just another endemic virus in our communities, and this virus may never go away,” WHO emergencies expert Mike…

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