Business

As much as Rs 1,500 crore interest subvention would be given for MUDRA-Shishu loans of up to Rs 50,000.

This takes the total commitment from the World Bank towards emergency Covid-19 response in India to $2 billion.

The package includes benefits to farmers, street vendors, migrants labourers and workers in the unorganised sector, she said.

The central Chinese city of Wuhan reported five new cases on Monday, casting doubts over efforts to lower coronavirus-related curbs as businesses restart and individuals went back to work.

Consumption of fuel, a proxy for oil demand, totalled 9.93 million tonnes - its lowest since 2007, government data showed on Saturday.

According to sources, India responded to the request saying that it values the contribution of Japanese companies in the country and assured that their issues will be addressed.

The Confederation of All India Traders (CAIT) has written to Commerce and Industry Minister Piyush Goyal seeking his intervention in the matter.

Indian banks are already grappling with 9.35 lakh crore rupees ($123 billion) of soured loans, which was equivalent to about 9.1% of their total assets at the end of September 2019.

All major financial markets in India will remain closed on Friday on account of Maharashtra Day.

Revenue from operations for the March quarter stood at Rs 136,000 crore, against Rs 152,939 crore in December quarter and Rs 138,659 crore in the year-ago period.

The infrastructure output growth for February was upwardly revised to 7.1% from an earlier estimate of 5.5%, the data showed.

While storage is rapidly filling up, production cuts by US shale producers, estimated by consultants Rystad Energy at 300,000 barrels per day for May and June, should help slow flows into tanks.

India is a member of the WTO since 1995. There are a total of 164 members of this organisation, which deals with global trade-related issues.

This is the second deadline extension to submit bids for Air India since it initiated the process of stake sale in the debt-ridden airline on January 27.

Shares in the company rose as much as 1.8% in early trade following the announcement, later falling in line with the broader market.

Gold loves a crisis, the old adage goes. And with prices up 13% this year to their highest since 2012 and many predicting further gains as investors search for safe places to put their money, it looks true for the coronavirus crisis so far.