Sunday, Aug 9 2020 | Time 22:26 Hrs(IST)
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  • Plane crash: Three passengers remain critical, rest recovering
  • Sikkim records 6 new Covid cases, tally at 866
  • Huge cache of arms and ammunition recovered in Jharkhand's Dumka
  • Earthquake of 3 8 magnitude jolts Gangtok
  • Karnataka reports highest single-day spike of 5985 cases
  • Ensure developmental schemes reach every person in their territory: PM Modi to BJP workers of Andamans
  • COVID-19: 10,820 fresh cases reported, 97 more patients die in AP
  • Newly-appointed UPSC Chairman calls on Jitendra Singh
  • Punjab Guv tests negative while his Principal Secy & 4 others found Covid positive
  • Nagaland COVID-19 cases reach 2781, 93 new cases in 24 hrs
  • Punjab: 987 test +ve, 24 die
  • Ex-JPC Commander with 4 other associates nabbed by Hazaribagh police, arms and ammunition recovered
  • Aurangabad registers 263 new COVID patients
  • PM to inaugurate Submarine Optical Fibre from Chennai to Andaman & Nicobar on Monday
  • Former K'taka minister G Ramakrishna passed away at 82
Business Economy


World Bank, Govt of India sign $750 mn agreement for Emergency Response Programme for MSMEs

New Delhi, Jul 6 (UNI) The World Bank and the Government of India on Monday signed the 750 million dollar agreement for the MSME Emergency Response Programme, to support the increased flow of finance into the hands of Micro, Small and Medium Enterprises (MSMEs), severely impacted by the COVID-19 crisis.
The World Bank's MSME Emergency Response Programme will address the immediate liquidity and credit needs of some 1.5 million viable MSMEs, to help them withstand the impact of the current shock and protect millions of jobs.
This is the first step among a broader set of reforms that are needed to propel the MSME sector over time.
The agreement was signed by Sameer Kumar Khare, Additional Secretary, Department of Economic Affairs, Ministry of Finance, on behalf of the Government of India and Junaid Ahmad, Country Director (India), on behalf of the World Bank.
Mr Khare said the COVID-19 pandemic has severely impacted the MSME sector, leading to loss of livelihoods and jobs.
The Government of India is focused on ensuring that the abundant financial sector liquidity available flow to NBFCs, and the banks which have turned extremely risk averse, continue taking exposures in the economy by lending to NBFCs.
This project will support the Government in providing targeted guarantees to incentivise NBFCs and banks to continue lending to viable MSMEs, to help sustain them through the crisis.
UNI NY RJ 2338
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KVIC’s Big Push to Khadi and Tourism in Arunachal Pradesh

09 Aug 2020 | 8:13 PM

New Delhi, Aug 9 (UNI) The far-flung tribal village of Chullyu in Arunachal Pradesh will soon be bustling with spinning and weaving activities with Khadi and Village Industries Commission (KVIC) set to open the first of its kind Training cum Production Center of Silk in the state.

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Review decision of Kamath as Head of Expert Committee on Resolution framework : AIBEA to RBI Guv

09 Aug 2020 | 7:45 PM

Hyderabad, Aug 9 (UNI) All India Bank Employees' Association (AIBEA) on Sunday sought review of the decision of Reserve Bank of India (RBI) appointing former ICICI Bank CEO and non-Executive Chairman K V Kamath as Chairman of Expert Committee on Resolution Framework for COVID-19 related stress.

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Railways will soon integrate its procurement process with GeM: Goyal

Railways will soon integrate its procurement process with GeM: Goyal

09 Aug 2020 | 7:18 PM

New Delhi, Aug 9 (UNI) Commerce and Industry Minister Piyush Goyal on Sunday announced that Government e-Marketplace (GeM) and Indian railways are working earnestly to integrate the latter’s procurement with the former and maintained that this will save efforts, manpower and bring in more efficiency and transparency in the system.

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Goyal asks traders to undertake customer awareness drive to promote Make In India goods

Goyal asks traders to undertake customer awareness drive to promote Make In India goods

09 Aug 2020 | 3:38 PM

New Delhi, Aug 9 (UNI) Union Commerce and Industry Minister Piyush Goyal on Sunday exhorted traders community to fully contribute towards the Aatamnirbhar Bharat campaign as good quality products made in India will usher in economies of scale, thereby lowering prices, and also making products competitive in the international markets.

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JCB Group appoints Deepak Shetty as Deputy CEO and MD in India

08 Aug 2020 | 9:51 PM

Kolkata, Aug 08 (UNI) The JCB Group today announced the appointment of Deepak Shetty as Deputy CEO and Managing Director of JCB India Limited.

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