Under the ECLGS, banks provide additional loans to existing borrowers without asking for extra collateral to help them cope with the liquidity crunch resulting from Covid curbs...

Airline gets the first instalment of the ECLGS scheme and the management is working to raise an additional $200 million...

Hit by high fuel prices and rupee depreciation, the budget carrier on Wednesday posted a net loss of Rs 789 crore for the June quarter...

While the economy has recovered from the pandemic, it has yet to reflect on the employment situation at the ground level...

Commerce minister Piyush Goyal said the funds would be pumped into the state-owned credit insurance provider over a five-year period from this fiscal to 2025-26 ...

According to sources, the package may be cleared next week as experts have forecast the third wave could hit the country in the middle of July...

The extent of government support, however, remains restricted to the Rs 3 lakh crore in guarantees first promised under the scheme in May 2020...

The scheme was announced with effect from January 1, 2021 as it extended the existing foreign trade policy for six more months till September 30...

Finance minister Nirmala Sitharaman said ECLGS 1.0 has covered Rs 2-lakh-crore loans sanctioned so far by the banks...

Sanctioned amount so far is only nearly 65% of the target...