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Just in:   • Centre suspends fresh IBC proceedings till Dec  • 'US Fed won't begin raising rates until inflation hits 2%'  • ECLGS: Banks sanction Rs 1.77 lakh cr to MSMEs  • Adani's Mumbai airport deal with GVK gets CCI nod  • TIR to improve trade India-Central Asia trade: Official  Last updated: 25 Sep, 2020    India Economy Centre suspends fresh IBC proceedings till Dec SME Times News Bureau | 24 Sep, 2020 In a major relief for stressed companies amid the pandemic woes, the Centre on Thursday announced the suspension of fresh insolvency proceedings under the Insolvency and Bankruptcy Code (IBC) by three more months till December.  More Headlines » Non-Personal Data Policy: Citizens cite risks of targeting, surveillance, data misuse » MF trustees can have officer for administrative help by Jan 1 » Sensex, Nifty end in red amid volatility, Bharti Airtel down 8% » Modi raises red flag for India's 60 districts with CMs » Delhi HC seeks Centre's response on plea by BPSL ex-chief against IBC proceedings   Read more....       Headlines Primary issuances attract most FPI inflows, MFs turn to mid-caps SME Times News Bureau | 24 Sep, 2020 Inflow of foreign portfolio investments (FPI) surged last month with around $6 billion, or around Rs 47,000 crore, of net investments by overseas investors with a majority meant for primary issuances of shares.    Read more.... Centre allows Rs 9,913 cr additional borrowing by 5 states SME Times News Bureau | 24 Sep, 2020 The Department of Expenditure, under the Finance Ministry, has granted five states permission to raise additional financial resources of Rs 9,913 crore through open market borrowings.    Read more.... SEBI rationalises norms to speed up rights issues SME Times News Bureau | 24 Sep, 2020 In a bid to make fundraising through rights issues faster and cost effective, the Securities and Exchange Board of India (SEBI) on Wednesday rationalised norms and the eligibility criteria and regulations for such issues.    Read more.... Govt plans InvIT model to monetise even regulated tariff assets of PGCIL SME Times News Bureau | 24 Sep, 2020 The government proposes to expand the asset monetisation programme of transmission utility Power Grid Corporation by including even the Regulated Tariff Mechanism based assets for sale under the InvlT model.    Read more....         Customs Exchange Rates Currency Import Export US Dollar 66.20 64.50 UK Pound 87.50 84.65 Euro 78.25 75.65 Japanese Yen 58.85 56.85 As on 25 Sep, 2020   Daily Poll COVID-19 has directly affected your business  Yes  No  Can't say   Commented Stories » MSMEs can now register delayed payment grievances online(2)

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