While accepting that “low acceptance of digital payments is definitely a challenge in rural areas,” Rajnish Kumar, the chairman of State Bank of India (SBI), called it an “awareness and habit” issue as well adding: “We are urging all our customers to use digital means to transact as much as possible.” … [Read more...] about Coronavirus pandemic | Govt relief package may not reach the poor – here is why
Govt health insurance scheme
If you are facing a financial crunch due to the Coronavirus Disease’s (COVID-19) economic impact, you can now dip into your employees’ provident fund (EPF) corpus to survive the crisis. After Finance Minister Nirmala Sitharaman’s announcement on March 26 permitting such withdrawals, the Employees’ Provident Fund Organisation (EPFO) has now operationalised the process for facilitating this withdrawal. It is termed ‘non-refundable advance’ in official parlance. … [Read more...] about COVID-19: How much can you withdraw from your EPF?
Nykaa also said it will not be able to make payments of outstanding invoices to all vendors and partners in time, citing a disruption in its cash flow due to the ongoing lockdown as reason for the same. … [Read more...] about Coronavirus-led lockdown | Cosmetics retailer Nykaa suspends operations across India