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IL&FS Solar Power repays entire debt of ₹845 crore January 07, 2021 × In the previous progress report, IL&FS said it has resolved ₹19,100 cr of the group’s debt of about ₹99,000 cr IL&FS Solar Power Limited (ISPL), a group company of IL&FS, has paid up its entire debt of ₹845 crore. This debt has been repaid to all its creditors which include financial and operational debt, tax and statutory dues, IL&FS said. ISPL had taken up construction and financing of a 100 MW AC solar power project in Bellary for Embassy Energy Private Limited (EEPL). The project was commissioned in 2018 and ...

IBA says pleas extend beyond the financial stress caused by pandemic The Reserve Bank of India (RBI) on Wednesday maintained in the Supreme Court that there has not been a single case of COVID-19 related financial stress to which banks have shown an “apathetic” attitude. A three-judge Bench led by Justice Ashok Bhushan is hearing several pleas by industry and business sectors, including power and real estate, to extend the moratorium or even waive the interest on their debts due to losses incurred during the pandemic. The Indian Banks Association, represented by senior advocate Harish Sa...

FM Sitharaman reviews progress of schemes under 3 packages India Published: Monday, December 14, 2020, 10:23 [IST] New Delhi, Dec 14: Finance Minister Nirmala Sitharaman took stock of progress made under various schemes under the three Aatmanirbhar Bharat Packages (ANBP) to help revive economy hit hard by the outbreak of COVID-19 pandemic. Following announcement by the Prime Minister, Sitharaman presented the details of the Rs 20.97 lakh crore ANBP 1.0 in a series of press conferences from May 13-17. It was followed by AatmaNirbhar Bharat Package 2.0 on October 12 and the third tranche on Nov...

FM reviews progress of MSMEs under Aatmanirbhar Bharat stimulus packages Banks have sanctioned loans worth Rs 2,05,563 crore to 81 lakh accounts under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme for MSME sector. 0 claps Share on Finance Minister Nirmala Sitharaman took stock of progress made under various schemes under the three Aatmanirbhar Bharat Packages (ANBP) to help revive an economy hit hard by the outbreak of COVID-19 pandemic. Following the announcement by the Prime Minister, Sitharaman presented the details of the Rs 20.97 lakh crore ANBP 1.0 in a series of press conf...

NEW DELHI: The Finance Ministry on Friday said banks have sanctioned loans worth Rs 2,05,563 crore to about 81 lakh accounts under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector that was impacted by disruptions caused due to the coronavirus pandemic. While, 40 lakh MSME accounts have received Rs 1,58,626 crore till December 4, the Finance Ministry said in a series of tweets. “Rs 3 lakh cr Collateral-Free Guaranteed Loans – Budgetary provision of Rs 4,000 crore made for the Scheme in First Supplementary Demand for Grants for FY 2020-21,” a tweet ...