Govt announced the PLI scheme, finance minister Nirmala Sitharaman addresses the media.
In a momentous push to make India a manufacturing hub, the Modi govt has approved the Production-Linked Incentive (PLI) scheme to 10 more key sectors after mobile, electronic components, and pharma sectors. The total financial outlay stands at about Rs 2 lakh crore.#AatmaNirbharBharat
GDP to contract 8.6% in Q2; India has entered recession for the first time: RBI official
The pandemic-induced lockdowns had led to a steep contraction of 23.9 percent in the GDP for the April-June quarter as compared to the same period a year ago. The GDP is likely to contract by 8.6 percent for the July-September period, which means India will enter into a recession for the first time in history in the first half of this fiscal with two successive quarters of negative growth due to the COVID-19 pandemic.
Tata Capital, Honda Motorcycle & Scooter India announce festive two-wheeler loan offerings
Tata Capital and Honda Motorcycle & Scooter India (HMSI) on Thursday announced festive two-wheeler loan offerings for the latter’s customers, including 100 percent finance of on-road price. The benefits of Tata Capital’s festive offerings for HMSI’s eligible customers include loan up to 100 percent of the on-road price of the two-wheeler, customized loan options, instant approval on loans with minimum documentation and flexible option to choose the tenure up to 36 months, the two companies said in a joint statement. These offers can be availed till November 30, 2020