Government may need to pump $20 billion into coronavirus-hit state banks: Report – Times of India

MUMBAI/NEW DELHI: India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government and banking sources told Reuters. The government initially considered a budget of around Rs 25,000 crore for bank recapitalisations but…

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Govt amends norms; companys’ contribution to PM Cares Fund to qualify as CSR expenditure – Times of India

NEW DELHI: The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as corporate social responsibility (CSR) spending under the companies law. Under the Companies Act, 2013, certain class of profitable entities are required to shell out at least two per cent of their three-year annual average net…

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Vicky Kaushal celebrates 7 million Instagram followers with flying kisses to fans – Times of India

Bollywood’s handsome hunk Vicky Kaushal on Wednesday celebrated 7 million Instagram followers by sending out flying kisses to his fans. The ‘Uri: The Surgical Strike’ actor posted a throwback picture of himself from an event where he is seen giving out flying kisses. “Hope my kisses come flying into your hearts. Parivaaar badh raha hai.…

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