Finance Minister Nirmala Sitharaman held a review assembly with heads of banks and NBFCs today for a smooth and speedy implementation of the one-time debt recast for resolution of Covid-19-related stress in bank loans. The Reserve Bank of India (RBI) final month permitted a one-time restructuring of both corporate and retail loans without getting classified as a non-performing asset (NPA).
Prime Minister Narendra Modi will deliver a special keynote address at the US-India Strategic Partnership Forum’s (USISPF’s) 3rd annual leadership summit today. The Prime Minister will address the summit at 9 pm through a video convention.
India has banned 118 more apps said to be either based in or linked to China. PUBG Mobile, Alipay, and Baidu are a few of the biggest names on the list. India had earlier banned TikTok, WeChat, and more than 50 other China-based apps in June, suggesting they were a security issue. This comes amid the escalating tensions between India and China over an ongoing border dispute.