From fewer trucks running to large banks changing names - here's all that you might have missed today in your busy schedule
- All branches of United Bank of India and Oriental Bank of Commerce have started functioning as PNB branches.
- Most of the private sector lenders have decided to go for the "opt-in" option on loan repayment moratorium.
- Only 5%of around 90 lakh trucks across India are plying on the roads at the moment due to shortage of drivers and labourers at loading and unloading points.
The RBI on Wednesday provided more time to exporters to collect payment of goods and software sold to overseas buyers and repatriate that to India as the central bank announced more measures to deal with the economic fallout of Covid-19 pandemic.
GST mop-up slips below Rs 1 lakh cr-mark, March collection at ₹ 97,597 cr
GST collections in March slipped below the psychological ₹ 1 lakh crore-mark for the first time in four months to ₹ 97,597 crore as COVID-19 lockdown that shut most businesses compounded tax collections in an already sluggish economy.
EMI Loan moratorium: Most pvt banks go for "opt-in" option
Most of the private sector lenders have decided to go for the "opt-in" option on loan repayment moratorium, putting the onus on the customer to take the initiative of informing the bank of their choice to go for the three-month breather offered by the Reserve Bank of India.
Sensex starts FY21 with 1,203-pt plunge; bank, IT stocks hammered
Markets began the new fiscal with yet another bruising selloff on Wednesday as global sentiment remained grim due to the Covid-19 pandemic.
All branches of Oriental Bank of Commerce, United Bank of India start functioning as PNB branches
State-owned Punjab National bank on Wednesday said all nation-wide branches of United Bank of India and Oriental Bank of Commerce has started functioning as PNB branches.
Non-subsidised cooking gas price cut by ₹ 61.5 per cylinder
The price of non-subsidised LPG, or market-priced cooking gas, on Wednesday was cut by Rs 61.5 per cylinder in line with a fall in benchmark international rates.
India well prepared,
The impact of the coronavirus outbreak in India will be "much smaller and manageable" as the big decision of nationwide lockdown and travel restrictions were put in place much before other countries, a Niti Aayog member said on Wednesday
Lockdown: Only 5% of 90 lakh trucks operating; driver, labour shortage hampering logistics: AIMTC New Delhi
Only 5%of around 90 lakh trucks across India are lying on the roads at the moment due to shortage of drivers and labourers at loading and unloading points following the nationwide lockdown, thereby severely hampering transportation of goods, according to truckers body AIMTC.
Govt may further extend deadline to bid for Air India
The government is likely to extend the April 30 deadline to bid for Air India as the COVID-19 fallout has disrupted economic activities globally, an official has said.
Wipro, Azim Premji Foundation commit Rs 1,125 cr to tackle COVID-19 crisis
Wipro Ltd, Wipro Enterprises Ltd and Azim Premji Foundation have together committed Rs 1,125 crore towards tackling the unprecedented health and humanitarian crisis arising from the COVID-19 outbreak in the country.
Investor wealth erodes Rs 3.20 lakh cr on first trade of FY21 as markets tumble
Investor wealth dropped Rs 3,20,633.05 crore on the first day of the new financial year as selling resumed in the equity market amid rising cases of COVID-19.
States can buy fixed quota of grains directly from FCI depots without bidding under OMSS: Centre
To meet additional requirements of foodgrains amid COVID-19 outbreak, the Centre on Wednesday allowed states to directly purchase a fixed quota of wheat and rice from state-run FCI depots without participating in an e-auction under the open market sale scheme (OMSS).
Retailers say enough stock if there is no panic buying; put restrictions on purchase quantity
Retailers on Wednesday said there is enough stock of essential items and groceries if people do not resort to panic buying, while some organised players put caps on items that a consumer can purchase during the lockdown.
Maruti Suzuki reports 16 pc dip in sales in 2019-20
The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday reported 16.1 per cent dip in total sales in 2019-20 at 15,63,297 units as slowdown and coronavirus pandemic took its toll on the auto sector.
India's power consumption shrinks 9.24 pc at 100.13 BU in March
India's power consumption fell 9.24% to 100.13 billion units in March compared to 110.32 billion units in the year-ago period mainly on account of lower commercial and industrial demand due to the lockdown imposed to fight COVID-19. SHW SHW
SEE ALSO: Coronavirus News and Updates
Coronavirus cases in India state wise
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