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Industry
COVID-19 Blues: Private Companies Planning To Hand Over Pink Slips To Employees, Deduct Salaries
New Delhi: With the coronavirus pandemic and resultant lockdown taking a heavy toll on the national economy, private companies are planning to hand over pink slips to their employees.
Around 1,124 companies across 11 industry sectors were…
Atmanirbhar Bharat: Rs 45,000 Cr Package To Boost NBFCs With Low Rating, Says FM
New Delhi: The government on Wednesday announced a Rs 45,000-crore stimulus package for the non-banking financial companies under Partial Credit Guarantee Scheme (PCGC).
Many NBFCs have a low credit rating, and hence, this liquidity…
Atmanirbhar Bharat: FM Announces Rs 3 Lakh Crore Bailout Package For MSMEs
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday (May 13) announced Rs 3 lakh crore bailout package for the Micro Small And Medium Enterprises (MSMEs). The move will benefit about 45 lakh MSMEs across the country amid the…
Employees’ Take-Home Pay To Increase, EPFO Relief To Benefit 3 Lakh Companies: FM
New Delhi: Finance Minister Nirmala Sitaraman on Wednesday (May 13) announced Rs 2500 lakh crore support for the Employee Provident Fund (EPF) to make way for more take-home salaries for employees and increase working capital for the…
Rs 3 Lakh Crore Collateral-Free Automatic Loans To Revive 45 Lakh MSMEs, Safeguard Jobs: Nirmala…
New Delhi: Union Finance Minister Nirmala Sitharaman on Wednesday announced collateral free loans up to Rs 3 lakh crore for MSMEs under the Atmanirbhar Bharat package. It will benefit 45 lakh units.
The Highlights
-Borrowers with up to…
Vizag Gas Leak Prompts Central Safety Advisory For Reopening Industries Post-Lockdown
New Delhi: In wake of the Vishakhapatnam gas leak tragedy, the Union Home Ministry on Saturday issued guidelines to minimise risks for successful restarting of industrial operations after the nationwide lockdown is lifted.
As per the…
Visakhapatnam Gas Leak: NGT Issues Show Cause To LG Polymers
Visakhapatnam: The National Green Tribunal (NGT) issued a show cause notice to LG Polymers, , the Ministry of Environment, Forests & Climate Change and Central Pollution Control Board on Friday, a day after at least 13 persons were…
Pay Cuts In Reliance Industries, Mukesh Ambani To Forego Entire Salary
Mumbai: Employees of Reliance Industries will get a salary cut of up to 50 per cent due to low profitability in wake of the coronavirus epidemic. The pay cuts were announced in a company note dated April 29. The Chairman, Mukesh Ambani will…
Food & E-Commerce Start-ups Mandate Aarogya Setu App For Delivery Partners
Bengaluru: Indian start-ups in food delivery, e-commerce and other online marketplaces have asked all their delivery partners and frontline staff members to download the government's Aarogya Setu app for contact tracing.
While food…
COVID-19 Crisis: Airlines Revenue Down By Rs 85k Crore, 2.9 Million Jobs At Stake
Mumbai: The Indian Aviation sector has witnessed a slump thanks to the dipping revenue following suspension of commercial flights to contain the spread of novel coronavirus.
Airlines' revenue has dropped sharply, by over Rs 85,000 crore,…