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Covid-19: NBFCs Seek Special Funding Window from Banks to Deal with Liquidity Crunch

Ficci had asked for relaxing the classification norms for non-performing assets for NBFCs.
Mumbai Port Trust Ties up With Cruise Operator for Floating Quarantine Facility

The cruise vessel has a capacity to accommodate nearly 2,000 persons, which can be used as a quarantine facility, the state-run port operator said it a statement.
Covid-19: FHRAI Member Hotels Offer Govt Access to over 45,000 Rooms

The rooms are also open for doctors and healthcare workers who are unable to commute daily from their homes while doing a splendid job of fighting the pandemic, it added.
Bombay HC Stays Bail for Former Top Officials of IL&FS

A holiday court on Friday had granted temporary bail for 75 days to Hari Sankran, former vice chairman of crisis-hit IL&FS and Ramesh Bawa, former managing director and CEO of the firm.
IRCTC Served Over 1.8 Lakh Meals to Poor in Last 7 Days

Thirteen of IRCTC's base kitchens, spread across the country, have become the nodal points for such distribution. It has provided bulk cooked food in paper plates, from the locations where the base kitchens are situated.
Coronavirus Impact: IT Dept Allows More Time to Individuals to File TDS Exemption Forms

Forms 15G and 15H are filed by persons whose incomes are below the taxable threshold, to seek exemption from TDS on interest income.
Government Puts Curbs on Exports of Diagnostic Kits With Immediate Effect

The Directorate General of Foreign Trade (DGFT) on Saturday banned the export of diagnostic kits from India as the country faces major shortages of medical equipment needed for Covid-19 testing and treatment.
Economically Sound, But Govt Decision to Slash Rates on Small Savings Upsets Many Amid Covid-19

As COVID-19 wreaks havoc on the world economy and India tries to mitigate the impact, it is clear that all classes of citizens – the salaried, big and small businesses, women and senior citizens may have to face tough times.
'Crisis Like No Other': IMF Leader Says Recession Sparked by Coronavirus Pandemic Way

IMF managing director Kristalina Georgieva said 90 countries have already approached the institution for emergency financing and called on nations to prioritise health expenditures and to make sure doctors, nurses and other health workers are paid.
Air India Stops Bookings for Domestic and International Flights Till April 30

No-frills carriers IndiGo, SpiceJet and GoAir said they are taking bookings for domestic flights starting April 15. In the case of SpiceJet and GoAir, they have started selling tickets for international flights from May 1.