Lockdown, slowdown: NPAs looming, PSBs put bad bank creation plan back on table
With non-performing assets (NPAs) of banks set to witness a spike in the wake of the lockdown triggered by the pandemic and the economic slowdown, the banking sector is preparing the groundwork for creation of a bad bank to tackle bad assets. The sector, under the auspices of the Indian Banks Association (IBA), has dusted off a […]
This Surat man buys 150 kg vegetables, 500 kg rice to feed 12,000 people twice a day
Surat, Gujarat: Jignesh Gandhi, a Surat-based entrepreneur, has been starting his days at 6 am every day, ever since a nationwide lockdown was announced on 24 March. In the last 46 days, Gandhi has been providing two meals for 12,000 people daily in some of Surat’s most impoverished neighbourhoods. A social worker and owner of a […]
‘Worst decision ever, by any captain’: Shane Warne slams Ricky Ponting’s 2005 call
When Mike Gatting’s England defended the Ashes crown after winning the MCG Test in 1986, little did England’s cricketers and the fans know that it would take two decades for the Three Lions to get their hands on The Urn again. Australia won 8 Ashes series on the trot from 1989 to 2002, dominating England […]
Franklin Templeton begins reaching out to investors for refunds
MUMBAI: Franklin Templeton India has started contacting its 300,000 investors whose money is stuck in the six shuttered debt schemes. This comes after rap from Securities and Exchange Board of India (Sebi) last week, when the markets regulator had asked the company to focus on refunding investors. Sebi was miffed over Franklin Templeton global president […]
Tough to ‘weaponise’ coronavirus, but can’t rule out attacks: Armed Forces Medical Chief
New Delhi: The possibility of adversaries weaponising or using the coronavirus against the Indian armed forces is remote, but they remain susceptible to such attacks until a vaccine or preventative medical therapy is found, Lt Gen. Anup Banerji, Director General of the Armed Forces Medical Services (AFMS) told ThePrint. The DG is the head of the […]
Covid-19 crisis: Govt’s stimulus package on anvil
A comprehensive package of policy reforms, financial incentives and monetary measures is in the works to re-energise the economy by giving more fiscal space to the states, accelerating public works, easing the availability of credit and putting more cash in the hands of the people to generate demand, three people aware of the plan said. […]
Train services resume today after nearly two months; 54,000 bookings done, says railways ministry
The Indian Railways is resuming passenger train operations from Tuesday, nearly two months after services were stopped due to the nationwide lockdown imposed as a precautionary measure to contain the spread of Covid-19. The railways opened bookings for passenger services on Monday with 15 trains a day connecting Delhi to Mumbai, Chennai, Bengaluru, Kolkata and […]
International tourism could decline by 60-80 per cent in 2020: UN
International tourism could decline by 60-80 per cent in 2020 due to the COVID-19 pandemic, resulting in the revenue loss of USD 910 billion to USD 1.2 trillion and placing millions of livelihoods at risk, the World Tourism Organization (UNWTO) has said. The global international agency said that the pandemic has caused a 22 per […]
Tablighi Jamaat members should be dealt with like terrorists for spreading coronavirus: BJP MP
Member of Parliament from Muzaffarpur Ajay Nishad has stirred controversy with his statement about members of the Nizamuddin Tablighi Jamaat Markaz. The Bharatiya Janata Party (BJP) MP from Bihar said all members of the Muslim missionary movement should be dealt with like “terrorists” for spreading the novel coronavirus. Nishad went even further to blame members […]
Notwithstanding COVID-19 risk, BRO restores Razdan, Zojila passes ahead of schedule
The Border Roads Organisation opened the Zojila and Razdan passes on the Srinagar-Leh and Bandipora-Gurez highways, respectively for traffic this year, ahead of schedule, despite the risk of COVID-19 prevailing over the world, officials said. The 86 km-long Bandipora-Gurez road was thrown open for traffic after remaining closed for four months due to heavy snowfall […]
