Business

He said the Centre should also bear the state's shares as most states are not in a position to give their share of Centrally Sponsored Schemes because of the crisis due to lockdown in the country.

Yes Bank Limited has acquired 44,53,48,990 equity shares of Dish TV India Limited constituting approximately 24.19 per cent of the post-issue paid-up share capital as at March 31.

The data for the first three months of the year doesn't fully capture the impact of a nationwide lockdown imposed in late March as authorities sought to stem the spread of the coronavirus pandemic.

In all three cases, action is based on the deficiencies in regulatory compliance, and is not intended to pronounce upon the validity of any transaction or agreement entered into by them with customers, RBI said.

Extending its gains for the second session, the 30-share index hit a high of 32,267.23 points during the day ahead of the expiry of May derivatives contracts. It finally ended 595.37 points or 1.88 per cent higher at 32,200.59.

While AIIB is a multilateral development bank, which has got India as a member too, PBoC is China's central bank.

The benchmark repurchase (repo) rate was cut by 40 basis points to 4 per cent, Governor Shaktikanta Das said.

The meeting assumes significance as the banking sector has to implement many schemes under the Rs 21 lakh crore economic package announced by Sitharaman in five tranches last week.

The rights entitlement ratio is 1 equity share for every 15 equity shares held by eligible shareholders as on the record date which was May 14.

Forex traders said besides the encouraging results in Covid-19 vaccine trial, higher opening of domestic equities and weakening American currency supported the local unit.

Diageo, the maker of Johnnie Walker whiskey and Tanqueray Gin, currently owns an about 56% stake in United Spirits after slowly building it up over several years.

PM Modi had announced a relief package of Rs 20 lakh crore or about 10 per cent or GDP. However, many of the measures unveiled have been in the form of moves like loan guarantees that do not entail an immediate fiscal cost.

Sitharaman on Wednesday announced six measures to revive micro, small, medium enterprises (MSME) that have taken a hit due to the lockdown implemented in order to curb the spread of Covid-19.

Rs 11,000 crore for activities in marine, inland fisheries and aquaculture and Rs 9,000 crore for infrastructure in fishing harbours, cold chains, markets etc was allocated.

In the last eight years, government debt has risen from 62 per cent in FY11 to 66 per cent in FY19.

As a caution and safety measure for customers, SBI has also advised the account holders to change the ATM PIN at regular intervals.