Recently, the Ministry of Civil Aviation made an announcement that Port Blair Airport is all set to get a new terminal to handle the rising passengers. The Veer Savarkar International Airport at Port Blair has witnessed a rise of passengers and currently handles 18 lakh passengers. With the new terminal building, it will be...
Read MoreOn Monday, the 18-day long Monsoon session of Indian Parliament began under strict social distancing norms. Amidst the top developments in the session, the withdrawal of Banking Regulation Bill 2020 has come as a surprise. The Finance Minister Nirmala Sitharaman sought to withdraw the bill saying a few things will be added in the...
Read MoreOffering relief to the borrowers, the top court of India has announced the extension for loan repayment moratorium till September 28. It also extended the interim order by asking banks to not declare NPA (Non Performing Asset) accounts that fail to make repayments. Earlier, the deadline for loan repayment was 31st August 2020 which...
Read MoreA good news is on the way. The central government has asked the Supreme Court of India to extend the loan moratorium for the next two years. The announcement comes after the deadline for temporary relief ended on August 31. Earlier, the Reserve Bank of India had allowed banks and other financial institutions to...
Read MoreThe central government has agreed to change the eligibility criteria for employees to get gratuity. Earlier, an employee had to complete at least 5 years of service in order to get gratuity from a company. This time period has reduced down to only one year. But, not everyone is eligible to get this gratuity....
Read MoreThe much-awaited announcement by Prime Minister Modi has finally hit the news. On Thursday, PM Modi unveiled India’s first charter of taxpayers’ rights and duties. The “Transparent Taxation” is a step towards honouring and rewarding the honest taxpayers. PM Modi addressed the nation through video conferencing and laid out the next phases of the...
Read MoreThe Reserve Bank of India has given people the biggest relief in terms of finances. It has given permission to banks to restructure the loans. This means that loan borrowers can now change their loan repayment period, their interest rates, etc. But not everyone is allowed to restructure it. Restructuring Loan Repayment: What Did...
Read MoreWith August about to come, a new notification by the government has stirred the e-commerce industry. The Indian government has updated Consumer Protection Rules 2020 last week. The step aims to bring more transparency and accountability in the online retail business. Source The new rules include the mandatory display of ‘country of origin’ on...
Read MoreRecently, the gold prices in India hit a nine-year high reaching Rs. 50,000 per 10 grams. The situation has been the same for the past few months. While the country’s economy is dealing with crisis due to coronavirus, gold prices are continuously going up. Source And this makes us question – What is the...
Read MoreBefore we justify the title and talk about loan, let’s take a look at what we call ”the fear cycle of the pandemic economy.” Coronavirus has hit the economy hard. Because of this hard-hit, many lost their jobs. Now, because they lost their job, they are unable to pay their loans. And these unpaid...
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