Migrant workers, small farmers and street vendors get attention in Finance Minister Nirmala Sitharaman's new announcements.
As many as 2.5 crore farmers will be provided Rs 2 lakh crore of concessional credit through Kisan Credit Cards
From railways cancelling trains to 'Work from home' being the new normal, here are the top headlines of the day
Sectorally, IT stocks took the biggest knock as the Nifty IT index declined 3.5 per cent to 13,293.70 levels. Nifty Bank lost 566 points or nearly 3 per cent to 19,068.50 levels
Sitharaman on Wednesday announced measures of nearly Rs 5.94 trillion to provide relief to small businesses, taxpayers, shadow banks, power distribution companies among others
Govt measures will also help to kick-start financial activity during the pandemic, says TVS Motor chairman
It is important to wait for the entire package to come to see if the measures will improve demand in the economy in any manner
A lab experiment suggests cats can spread the new coronavirus to other cats without any of them ever having symptoms
The financial markets is expected to behave in a measured manner, given the cautious environment and weakening sentiments
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A total of 18 companies including Biocon, Escorts, and Manappuram Finance are scheduled to announce their results today
Here are the top 10 business headlines of the day
Here's a selection of Business Standard opinion pieces of the day
Home buyers, on the other hand, will have to wait longer to take possession
Senior Congress leader P Chidambaram said the need of the hour was to put money into the pockets of the people, particularly the poorest 130 million people
Rs 6-trn stimulus includes Rs 3 trn of collateral-free loans; Rs 30,000-crore special liquidity scheme for NBFCs, HFCs, MFIs
Many of these firms, which have been grappling with Covid-19 crisis and exodus of migrant labour, will now be able to complete contractual obligations
At present, 24 per cent of a worker's basic pay is deducted - with 12 per cent each counted as employer's and employee's share - towards the EPF savings
The move will help release liquidity worth Rs 50,000 crore, according to government estimates. Experts, however, feel that its impact will be limited as tax incidence remained the same.
The Sensex gained 638 points or 2.03% to close at 32,009, while the Nifty rose 187 points or 2.03% to close at 9,384