By Sampad Swain Businesses have been taking a hit due to Covid-19 lockdown. The supply chain has been disrupted, imports are down, and markets are
Day: April 3, 2020
Welcome Reduction in Administered Rates–Economic Times
It is welcome that the Centre has reduced interest rates on small savings quite sharply, between 0.7% and 1.4%, for various instruments. It would lead
Power companies’ troubles may mount in coming months; demand from commercial, industries collapses – The Financial Express
The current situation indicates the near-term outlook of the power sector is grim as half of the country’s electricity demand is from the commercial and
Covid-19 impact: Air India suspends contract of around 200 employees | Business Standard News
Air India on Thursday temporarily suspended the contracts of around 200 employees including pilots, who were re-employed after retirement, as all domestic and international commercial
Centre may go for staggered exit from lockdown – The Hindu BusinessLine
Modi seeks formulation of common exit strategy in meeting with Chief Ministers Prime Minister Narendra Modi, in a meeting held with Chief Ministers via video-conferencing
Covid-19 impact: Global economy could shrink by almost 1 per cent in 2020, say UN – The Hindu BusinessLine
With nearly 100 countries closing national borders during the past month, tourism flows have come to a screeching halt The global economy could shrink by
An unkind cut for India’s savers – The Hindu BusinessLine
It’s inexplicable why the Centre withheld small savings rate cuts for long, only to slash them now After making barely any changes to its interest
Covid-19: Insurers offer relief to travel insurance policyholders – The Hindu BusinessLine
Travel policies issued by insurers such as Bajaj Allianz General and ICICI Lombard can be extended up to 180 days by paying an additional premium
Banks may ask RBI for breather on lump sum repayment of deferred interest – The Hindu BusinessLine
Banks may move the Reserve Bank of India (RBI) to allow businesses and individuals availing working capital facilities more time to repay the interest in
We will only be as healthy as our supply chains–Time of India
Perhaps this is most urgently being felt by those at the frontline of the war against Covid-19, where disruptions in the global and domestic supply
Uncritical endorsement: The Hindu Editorial on exodus of migrant workers and the Supreme Court – The Hindu
Supreme Court must ask more probing questions on the way the government is handling the pandemic. There are two aspects to the Supreme Court’s limited
Facts fight fear | The Indian Express
The only official communications that the migrants received were delivered by the policeman’s heavyhandedness, and his lathi. In times of crisis, especially a health crisis
The pandemic in the US – editorials – Hindustan Times
A month ago, media platforms broadly aligned with United States (US) President Donald Trump termed the coronavirus a “hoax”. Just a week ago, Mr Trump
Moody’s downgrades outlook for Indian banks due to coronavirus–Deccan Chronicle
New Delhi: Moody’s Investors Service on Thursday changed the outlook for Indian banking system to negative from stable, as it expects deterioration in banks’ asset
New Delhi must loosen the purse strings–Deccan Chronicle
State governments are in the forefront of the fight against the Covid-19 pandemic. They are putting in all their resources to implement the national lockdown,
सुस्पष्ट धोरणाचा अभाव –महाराष्ट्र टाइम्स
सुस्पष्ट धोरणाचा अभाव करोना विषाणूचा प्रसार रोखण्यासाठी केंद्र सरकारने २१ दिवसांची टाळेबंदी जाहीर केली, त्याला आठवडा होऊन गेला. टाळेबंदीच्या दुसऱ्या दिवशी केंद्र सरकारने देशभरात करोना
Coronavirus impact on economy: FM Nirmala Sitharaman holds meet to firm up response – The Financial Express
The Centre may also impress upon the RBI to consider extending beyond December 2020 a loan restructuring scheme for MSMEs, if the crisis lingers on
Fed unleashes unprecedented virus support for economy, companies – The Hindu BusinessLine
The US central bank unveils a slew of measures for household, employers The Federal Reserve, racing again to contain mounting economic and financial-market fallout from
Increased default threshold for IBC trigger comes into effect – The Hindu BusinessLine
From 1 lakh, the threshold has been raised to ₹1 crore The Ministry of Corporate Affairs (MCA) has operationalised the Centre’s move to raise the
Covid-19 impact: Will ₹1-lakh threshold for insolvency plea under IBC be reviewed? – The Hindu BusinessLine
If implemented, the move will offer substantial relief to stressed sectors In a bid to avoid frivolous applications under the IBC, one of the amendments
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