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Wednesday, August 12, 2020

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Covid-19 pushes down growth of Indian Pharma market to 0.2%

New Delhi, Aug 12 (IANS) The Covid-19 pandemic is having a mixed bag for the Indian Pharmaceutical Market (IPM) that registered a muted growth in July on the back of a sharper decline in volumes and higher offtake of...

‘Invented in India and atmavishwas is the key to Atmanirbhar Bharat’, says Mashelkar

New Delhi (IANS) India needs to reinvent the 'Make in India' programme, according to R.A. Mashelkar, Former Director General of the Council of Scientific and Industrial Research (CSIR)."We do not need just assembled in India but invented and designed...

India’s incentives for API production may cut supply risk: Fitch

New Delhi (IANS) The government’s decision to incentivise domestic manufacturing of active pharmaceutical ingredients (API) and key starting materials (KSM) could curtail supply-chain disruption risk for Indian drug makers, Fitch Ratings said on Monday.The ratings agency said that the...

RIL has 15-year vision to be a new energy company: Report

Mumbai (IANS) Oil and telecom major Reliance Industries (RIL) has a 15-year vision to become a new energy company aimed at turning into a net carbon-zero company, according to a report by BofA Securities.The report says that RIL is...

Liquidity scheme for NBFCs, HFCs: 15 proposals get Rs 6,399 cr sanction

New Delhi (IANS) The special liquidity scheme (SLS) for NBFCs and HFCs has received a positive response from the financial sector with 15 proposals involving an amount of Rs 6,399 crore already sanctioned upto August 7.The Rs 30,000 crore...

Minimal impact of Covid-19 on Indian pharma industry: ICRA

New Delhi, Aug 7 (IANS) The domestic pharma industry is expected to grow at a 4-6 per cent in FY-2021 owing to Covid impact, though FY 2020-2023, CAGR is expected to be in the range of 8-11 per cent...

RBI for online dispute resolution system in digital payments

Mumbai, (IANS) In a major development for digital payment services, the Reserve Bank of India has decided that payment system operators (PSOs) will have to implement Online Dispute Resolution (ODR) systems in a phased manner.The RBI has said that...

RBI extends scheme for MSME debt restructuring

Mumbai, Aug 6 (IANS) The Reserve Bank of India on Thursday extended a scheme whereby stressed MSME borrowers will become eligible for restructuring their debt, provided their accounts with lenders were classified as 'standard' as on March 1, 2020.Accordingly,...

RBI gives priority sector lending status to Start-ups

New Delhi, Aug 6 (IANS) In a big change in its lending norms, the Reserve Bank of India (RBI) has given priority sector lending status to start-ups.This will allow thousands of start-ups functioning in different fields to access timely...

RBI adds glitter to gold, allows higher loans against jewellery

New Delhi, Aug 6 (IANS) The Reserve Bank of India on Thursday added additional shine to gold ornaments and jewellery by allowing banks to give loans up to 90 per cent of the value of such items pledged by...

Topics

Indian Economy

After ‘Digital Andaman’, PM plans to make it hub of ‘blue economy’

New Delhi, Aug 9 (IANS) Prime Minister Narendra Modi spoke to the Andamanese people via the digital mode amid...

Minimal impact of Covid-19 on Indian pharma industry: ICRA

New Delhi, Aug 7 (IANS) The domestic pharma industry is expected to grow at a 4-6 per cent in FY-2021 owing to Covid impact,...

RBI extends scheme for MSME debt restructuring

Mumbai, Aug 6 (IANS) The Reserve Bank of India on Thursday extended a scheme whereby stressed MSME borrowers will become eligible for restructuring their...

Indicators showing improvement, Worst over for Indian economy: DEA report

New Delhi (IANS) As the country goes through phases of 'Unlock' and economic activities are permitted in a staggered manner, the Department of Economic...

Covid Continues To Dent India’s Factory Output In July: PMI

New Delhi: Subdued demand conditions, on back of the Covid-19 pandemic, continued to dent India’s manufacturing sector output in the month of July.The latest...