In an effort to buffer the agricultural sector from the shock of COVID-19, a special saturation drive is underway to provide concessional credit to farmers through Kisan Credit Card (KCC). As on 17.08.2020, 1.22 crore KCCs have been sanctioned with credit limit of Rs. 1,02,065 crore. This will go a long way in reviving the rural economy and … Read more
Under the 100% Emergency Credit Line Guarantee Scheme (ECLGS) backed by a Government of India guarantee, Banks from Public & Private Sectors have sanctioned loans worth over Rs. 1.5 lakh crore as of 18th August, 2020, of which more than Rs 1 lakh crore has already been disbursed. The ECLGS was announced by the Government as a part … Read more
Lincoln Pharmaceuticals Limited, one of India’s leading healthcare companies has reported net profit of Rs. 14.99 crore for the Q1FY21 Ended June 2020 as against net profit of Rs. 12.16 crore in the corresponding period last year, growth of 23.2%. Net revenue for the quarter ended June 2020 reported at Rs. 103.01 crore, higher by … Read more
The gross GST revenue collected in the month of July, 2020 is ₹ 87,422 crore of which CGST is ₹ 16,147crore, SGST is ₹ 21,418 crore, IGST is ₹ 42,592 crore (including ₹ 20,324 crore collected on import of goods) and Cess is ₹7,265 crore (including ₹ 807crore collected on import of goods). The government has settled ₹ 23,320 crore to CGST and ₹ 18,838 crore to SGST from IGST as regular settlement.The total revenue … Read more
The Monthly Account of the Union Government of India upto the month of Jun, 2020 has been consolidated and reports published. The highlights are given below:- The Government of India has received Rs.1,53,581 crore (6.84% of corresponding BE 2020-21 of Total Receipts) upto Jun, 2020 comprising Rs. 1,34,822 crore Tax Revenue (Net to Centre), Rs. … Read more
Cupid has won the tender for supply of Male Condoms worth around Rs 16.06 crore to Medical Stores Department, Government of Tanzania. It is the first time the company will supply to Government of Tanzania. Cupid manufactures and markets varieties of male and female condoms, water based lubricant, latex dental dams and probe covers. Cupid … Read more
Dredging Corporation of India has reported results for second quarter ended September 30, 2018. The company has reported a net loss of Rs 79.16 crore for the quarter under review against net profit of Rs 18.59 crore for the same quarter in the previous year. Total income of the company decreased by 8.18% at Rs … Read more
