That is the view of St. Louis Federal Reserve President James Bullard, who argues that a potential $2.5 trillion hit coming to the economy is
Month: March 2020
India Inc seeks fiscal stimulus, moratorium on debt repayment to mitigate coronavirus impact – The Financial Express
To mitigate the impact of coronavirus outbreak on the economy, India Inc has sought a host of measures, including a year-long moratorium by banks on
Coronavirus crisis: Lower demand hits small businesses, startups hard; cost-cutting likely ahead – The Financial Express
The Coronavirus is having a detrimental effect on the health of startups and small businesses in India as many of them are staring at crippling
World’s richest man Jeff Bezos’s Coronavirus concern grows, tells workers crisis may get ‘worse’ – The Financial Express
The company has already placed orders for “millions of face masks” for employees and contractors who cannot do their work from home, said Bezos. In
Clarification needed from RBI: Is 100% repayment of deposits guaranteed? | Business Standard Letters
This refers to “YES Bank gets 60k crore line of credit from RBI” (March 19). The article quotes Reserve Bank of India (RBI) Governor Shaktikanta
Challenges in enhancing audit quality | Business Standard Column
The most discussed topic today in the audit profession is audit quality. The Ministry of Corporate Affairs (MCA) recently published a consultation paper, the success
No certainty of success with YES bailout plan | Business Standard Column
Unless a resolution mechanism designed for a quick turnaround of stressed financial institutions is implemented, we will continue to lurch from one crisis to the
CII writes to PM Modi, seeks fiscal stimulus package of Rs 2 trillion | Business Standard News
CII writes to PM Modi, seeks fiscal stimulus package of Rs 2 trillion Suggests setting aside 1% of GDP for cash transfer scheme for poor
Insolvency law a ‘Swachhata drive’ against non-performing asset: IBBI chief | Business Standard News
A case is taken up under the Code only after approval from the National Company Law Tribunal (NCLT). The “evolving” insolvency law is a kind
The Covid economic task force must get cracking – The Hindu BusinessLine
The task force must draw upon experts across disciplines to help India ride out this unprecedented and extraordinary crisis. The economic task force to deal
Banks to provide relief to borrowers whose operations are impacted by Covid-19 outbreak – The Hindu BusinessLine
The bank will give 10 per cent of a borrower’s existing Fund Based Working Capital Limits as loan Banks are likely to follow State Bank
’Janta Curfew’ just the beginning of a long battle against coronavirus: PM Modi – The Hindu BusinessLine
Prime Minister Narendra Modi said the 14-hour-long ‘Janta Curfew’ on Sunday was just the beginning of a long battle against coronavirus outbreak, as he lauded
With China shut, govt exploring alternative sources of supply – The Hindu BusinessLine
MoS Som Prakash took note of problems raised by various sectors; strategy to be prepared to deal with problem The Commerce Ministry organised a meeting
Coronavirus | COVID-19 is a new animal in the zoo; we are still understanding the virus: NITI Aayog member V.K. Paul – The Hindu
India so far has not seen any deaths which are unexplained, says NITI Aayog member V.K. Paul. Co-chair of the Empowered Committee for COVID-19 Response,
Ex-civil servants write open letter in defence of activist Mander over alleged derogatory remarks against SC | India News,The Indian Express
A group of 95 retired civil servants, under the aegis of Constitutional Conduct Group, Sunday wrote an open letter in defence of activist Harsh Mander
COVID-19: As migrant workers return home, how different states are feeling the pinch | India News,The Indian Express
Roshid Ahmed has an almost odd, rational way of looking at the situation. “If God wills me to get the virus, I may get it…it
British plan for judges way to go for Rajya Sabha? | The Indian Express
Nothing exposes the problems of Indian democracy like an election in state Assemblies for a seat in the Upper House of Parliament, the Rajya Sabha.
Where will Modi govt find money to fight coronavirus? $563 mn fund hopelessly small–Business Today
India–already in war mode on containment and lockdowns–has so far made hopelessly feeble attempts at tackling the crisis economically. At a time when the world
Loan holiday, interest rate reduction essential to tide over coronavirus crisis–Business Today
A fiscal package is warranted to support the job losses due to halting economy and sector specific revival plans. While heavy lifting is required at
Time for RBI to buy corporate bonds
Time for RBI to buy corporate bonds The Reserve Bank of India (RBI) has been vigorously conducting open market operations (OMO) and purchasing government bonds
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