Business

It will be issued at par at Rs 100 for a minimum amount of Rs 1,000 and in multiples thereof, a release said, adding there will be no maximum limit for investment.

In view of the possible redemption pressure that the mutual fund industry due to abrupt winding up of debt schemes of Franklin Templeton Mutual Fund, the RBI announced a special liquidity window of Rs 50,000 Cr for mutual funds in April end.

Businesses have now opened up their offices and plants and want to make sure that employees returning to their campuses are negative for the novel coronavirus, according to Kiran Mazumdar-Shaw.

The financial assistance to set up the CBG plants has been extended to 2020-21, Minister Dharmedra Pradhan said, while pointing out the Centre was also exploring global funds for CBG projects.

Earlier this month, the government modified public procurement norms to give maximum preference to companies whose goods and services have 50 per cent or more local content, a move aimed at promoting "Make in India" and making the country self-reliant.

Fitch Ratings Director (Sovereign Ratings) Thomas Rookmaaker said the government has announced reforms to improve growth going forward and a strong GDP growth is important to cut down public debt.

In 16 days, petrol price has been hiked by Rs 8.3 per litre and diesel by Rs 9.46 - a record increase in rates of the fuel in any fortnight since pricing was deregulated in April 2002.

MSMEs need a special helping hand, and should be exempted from approvals and inspections for three years under state laws while following all rules, the CII said in a report.

The closure of overseas bank branches is part of government's plan to rationalise and streamline operations under the reforms agenda for the banking sector approved in 2017 under the then finance minister Arun Jaitley.

Real estate developers and property brokerage firms are adopting digital mode for sales and marketing but prospective homebuyers are cautious due to uncertainties, a brokerage firm owner said.

State Bank of India's chief economic advisor Soumya Kanti Ghosh said the GDP for one quarter has been lost, amounting to Rs 40-50 lakh crore, due to the coronavirus crisis.

After opening at 33,371.52, the 30-share index turned choppy to trade 52.46 points, or 0.16 per cent, lower at 33,455.46.

In Delhi, petrol price increased by 53 paise and diesel by 64 paise per litre.

About 53 per cent are confident of income for the coming six months while the same percentage of respondents said that they have 'only postponed' their search for a home for the coming six months.

Bank depositors will be "severely hit" if a waiver on interest rates is allowed, as banks would inevitably seek to cover their potential or actual loss of interest income through further cutbacks in the deposit interest rates, it said.

The total exports during April-May 2019 stood at Rs 24,468.11 crore, GJEPC said in a statement.