National News Analysis

22 May 2024, 7:35 AM

Finance Minister’s press conference from Mr. Venu Srinivasan, Chairman, TVS Motor Company Limited. “We welcome the comprehensive and highly progressive measures announced by the Finance Minister today, injecting much-needed liquidity for non-banking finance companies (NBFCs) and MSMEs (micro, small and medium enterprises).  The announcement of Rs 3 lakh Crore collateral-free automatic loan is an exemplary move to boost the industry sentiment.  This will augment liquidity and help MSMEs revive the business during these challenging times.  The large credit guarantee will be a great step to restore the supply chain which was heavily impacted by the shutdown.  The massive fiscal stimulus will help improve the impacted financial system and the positive business perception will stimulate demand.  These measures will kick-start financial activity and help rebuild the economy during the pandemic.” – Mr. Venu Srinivasan, Chairman, TVS Motor Company.  

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Provides protective equipment to district administrations, municipal corporations and police forces ·         The list includes 66,000 surgical masks, 2,300 litres of sanitisers and 52,500 gloves   Bengaluru: ICICI Bank stands in solidarity with the Government of Karnataka by providing protective equipment to the state government, hospitals and police forces for their tireless efforts to safeguard citizens of the state in the wake of COVID-19 pandemic.   ICICI Bank is working actively with the authorities on this front. The Bank has donated protective equipment like 66,000 of three-ply surgical masks, 2,300 litres sanitisers, 52,500 gloves and 15,000 kg of bleaching powder to the Deputy Commissioners of Mysuru, Chikkamagaluru, Bengaluru, Belagavi, Kalaburagi, Chitradurga and Udupi among others. This initiative is part of the Bank’s nation-wide drive of contributing various protective gears to aid the front-liners to combat the pandemic.   Speaking on the initiative, Mr. Saurabh Singh, Head- Government Banking, ICICI Bank said, “ICICI Group has a legacy of supporting the development of the nation as well as providing support in times of natural calamities and disasters. Taking this legacy forward, we are standing in solidarity with various state governments, police departments and health professionals in their tireless efforts to treat and safeguard citizens of the country in the wake of COVID-19 pandemic. Our support to the various authorities in Karnataka is part of these activities.   The doctors treating the COVID-19 suspects / patients and the police and paramilitary forces managing orderly implementation of the lockdown are at the frontline of this combat. We have focussed our efforts to reach out to the government hospitals and the forces in the state. Despite supply chain challenges, we are providing them supplies in the form of sanitisers, surgical masks, N95 masks, gloves, personal protection equipment, etc. We are also providing equipment like thermal scanners and non-invasive category ventilators.“

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