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Government releases Rs 6,195.08 crore to 14 states as fourth equated monthly installment of the Post Devolution Revenue Deficit Grant

The government Wednesday released Rs 6,195.08 crore to 14 states as the fourth equated monthly installment of the Post Devolution Revenue Deficit Grant. “This would provide them additional resources during the Corona crisis,” the finance ministry said in a statement. The grant was recommended by the 15th Finance Commission, and equal installments of the grant …

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Coronavirus will permanently change consumer behaviour towards digital in India: PayPal CEO

The Covid crisis is evolving into three phases. It started off as a health crisis. And it’s still that, but then it moved rapidly to an economic crisis. But now it’s morphing into a psychological crisis as well. This is resulting in an immense shift from physical to digital, PayPal CEO Dan Schulman said. Source …

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How can you improve your economic competence all by yourself!

Many of us keep on working from home. During this time, some have learned a foreign language, others have discovered a new hobby, and still, others have even taken up a different line of business. If you are looking for self-realization but want to be useful to your country, this article is right for you. …

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Deepak Parekh backs RBI moratorium, calls for real estate loan restructuring

Housing Development Finance Corp Ltd (HDFC) chairman Deepak Parekh has called for a one time restructuring of real estate loans to help developers find last mile funding for their projects. In a letter to shareholders in the mortgage financier’s annual report for fiscal 2019-20, Parekh called for easier financing, loan restructuring and also end to …

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HFCs better placed than other NBFCs in terms of asset quality: Report

Housing finance companies or HFCs are better placed in terms of asset quality than other NBFCs as their NPAs would be far less than other NBFCs in FY’21 following the economic impact on account of the nation-wide lockdown, post COVID-19 pandemic. Also HFCs have much fewer assets under moratorium, according to a report by ratings …

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