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As Prime Minister Narendra Modi on Tuesday announced the extension of the nationwide lockdown till May 3, the Directorate General of Civil Aviation (DGCA) has said that all domestic and international flights will remain suspended during the period.   "All domestic and international...

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Moneylife Digital Team 14 April 2020
The Indian railways on Tuesday said that it has suspended ticket booking until further orders for all trains even beyond 3rd May, the extended nationwide lockdown.    In a statement, the railways says, "No advance reservation of train tickets, including e-tickets, till further advice,...

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Soon after Prime Minister Narendra Modi extended the lockdown to combat the novel coronavirus outbreak till May 3, the Indian Railways also decided to extend the cancellation of passenger train services till the lockdown period.   The railway ministry in a statement said, "In...

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Moneylife Digital Team 13 April 2020
The Supreme Court on Monday while altering its order says that private laboratories can charge Rs4,500 for corona virus (COVID-19) tests from all except those covered under the Ayushman Bharat Pradhan Mantri Jan Aarogya Yojana and any other category of economically weaker sections of the...

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Moneylife Digital Team 13 April 2020
While the government announced a package of measures for the poor, it failed to visualise that this may bring customers to the bank and the social distancing could go for a toss, exposing the bankers to the risk of contracting coronavirus. This is exactly what has happened as revealed in a...

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Moneylife Digital Team 13 April 2020
As if the corona virus (COVID19) pandemic had not affected money matters for common people, some fraudsters have even created a new website that too in the name of State Bank of India (SBI), the country's largest lender.   SBI has two basic portals, www.sbi.co.in that is used for...

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Apart from the daily wagers, who are facing problems of livelihood, seasonal mechanics are also bearing the brunt of the corona lockdown. Every year at the onset of summers, the AC and Cooler mechanics have ample business to do, but due to the lockdown the work is stalled, and business is...

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Dr Philip Kotler 06 April 2020
The coronavirus COVID-19 is spreading relentlessly through the world creating a trail of death and destruction. The world is in danger of falling into a Great Depression, with millions of workers being rendered unemployed across the globe. The impact will especially hit the poor—both in...

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Moneylife Digital Team 06 April 2020
Life Insurance Council, the face of the Indian life insurance industry, on Monday said that all life insurers, public and private, are committed to process any death claim pertaining to coronavirus (COVID-19) at the earliest. The Council also confirmed that the clause of ‘force majeure’ will...

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In a major relief for developers, the Maharashtra Real Estate Regulatory Authority (MahaRERA) on Thursday extended the completion deadline for all registered projects by three months.   Further, the authority also extended the time limits of all statutory compliances in accordance...

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PRAMOD KUMAR JHA (IANS) 03 April 2020
The prices of flour (atta), pulses, 'besan' and edible oils have gone up due to disruption in the supply chain following the 21-day countrywide lockdown called to contain the coronavirus pandemic.   Wheat flour (atta) saw a rise of Rs 5 per kg, whereas 'besan' rose by Rs 10-12 a kg....

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Moneylife Digital Team 02 April 2020
The Maharashtra State Consumer Disputes Redressal Commission has decided to defer cases listed during the lockdown period by four months to August and October 2020.    In a notice, the Commission says, matter listed before the Mumbai bench up to 15 April 2020 stand adjourned to August...

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The Government has allowed motor and health insurance policy holders to defer payment of their renewal premium falling due during the period of the lock-down.   The finance ministry in a notification has allowed third party motor insurance premium dues falling during the period of...

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Moneylife Digital Team 01 April 2020
Last week, the Reserve Bank of India (RBI) permitted financial institutions, including banks, to allow a moratorium for three months on repayment of all term loans. However, many borrowers have been asking several questions on how exactly this moratorium will be implemented and if they can...

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A week into the nationwide lockdown and online delivery platforms like Bigbasket and Grofers are still suffering from operational issues along with lack of manpower to even fulfill the orders they accepted before the lockdown came into force from March 24th midnight.   After the...

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Moneylife Digital Team 01 April 2020
Banks across the country have been asked to dispense with ‘skeletal’ staff requirement and work in full strength to handle relief measures amidst the corona virus (COVID19) outbreak. However, this move hampers the social distancing or break the chain norms that everyone is required to...

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Moneylife Digital Team 01 April 2020
The Indian government has reduced the interest rates on small savings schemes by 70 to 140 basis points (bps) for April-June quarter of 2020.    In a notification, the department of economic affairs (DEA), says, public provident fund (PPF) interest rates in the June...

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As grocery stores become the only point of contact for people during the nationwide lockdown, experts advise that people must practice social distancing and take enough precautions while visiting grocery stores.   RS Mishra, Associate Director, Internal Medicine, Max Super Speciality...

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Customers who receive EMI payment notice at the beginning of every month can heave a sigh of relief as banks have decided to defer receiving such payments for a period of three month under the terms of a Covid 19- RBI package announced on Friday.   Several banks, including State Bank...

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The outbreak of coronavirus (COVID-19) has also increased number of threats like phishing emails, fake applications and fake websites. Over the past two months, thousands new portals and applications have emerged that claim to provide one of the other things about COVID-19. However, many of...

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