The Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro, Small and Medium Enterprises
Day: April 7, 2020
Telemedicine guidelines a step forward | Deccan Herald
The telemedicine guidelines issued by the government last week are timely and constitute a step forward. They are a major break from past practices of
COVID-19 pandemic pulls India’s service sector activity into contraction mode – The Hindu
India’s services sector activity contracted during March as the COVID-19 pandemic dented demand, particularly in overseas markets, while public health measures aimed at stemming the outbreak curtailed
Govt. may have to present second Budget to deal with COVID-19 aftermath, says Jairam Ramesh – The Hindu
With pandemic, everything has been turned upside down, according to the senior Congress leader. A day after Prime Minister Narendra Modi reached out to Opposition leaders including
India is being too defensive at the WTO on its food subsidies – The Hindu BusinessLine
India has not come anywhere near breaching the WTO limit of permissible subsidy being within 10 per cent of total agriculture output The Centre recently
A blueprint for a post-pandemic economy – The Hindu BusinessLine
Steps such as focussing on the distress of the aam aadmi, reviving the financial system, and raising the productivity of capital can take India forward
Covid-19 impact: Kaushik Basu details three steps for gradual opening of the economy – The Hindu BusinessLine
India’s former Chief Economic Adviser says that testing should be expanded vastly to get economy moving While social distancing and lockdowns are a must in
What are the legal obligations to pay wages during a lockdown? – The Hindu BusinessLine
What are the legal obligations to pay wages during a lockdown? The directions issued by the government to employers to pay wages to all the
Pandemic will lead to demand, supply and financial market shock: Moody’s – The Hindu BusinessLine
The sectors that will see positive impact include remote communications; online media, online retail; sectors that benefit from supply chain relocation; and vaccine developers The
Be ready to fight economic impact of Covid-19 on war footing: PM tells Ministers – The Hindu BusinessLine
Prime Minister Narendra Modi on Monday asked Union ministers to prepare plans to fight the economic impact of COVID-19 on war footing and asserted that
Covid-19: Economic opportunities and challenges | Opinion – analysis – Hindustan Times
When pandemics spread, they bring on an economic contagion, beyond the morbidity and mortality of the disease itself. Economic activity has been curtailed to enforce
COVID-19 impact: Banks to witness spike in credit costs, non-performing assets in 2020
Banks in the country are likely to witness a spike in their non-performing assets ratio by 1.9 per cent and credit cost ratios by 130
Insurers cannot decline death claim settlement in case of Covid-19–Indian Express
The Life Insurance Council on Monday said all the insurers are duty-bound to settle claims if a death occurs due to COVID-19. All life insurers, both
Two-wheeler volumes likely to contract by 11-13 per cent in FY21, says Icra | Business News,The Indian Express
Ratings agency Icra on Monday said two-wheeler volumes are expected to contract by 11-13 per cent in FY2021 due to the coronavirus pandemic. The challenges are likely
Domestic air traffic to fall from 140 mn to 90 mn due to covid-19: CAPA | Business Standard News
Domestic air traffic is expected to drop to 80-90 million passengers in the current fiscal and delivery of more than 200 planes to Indian carriers
Businesses likely to face challenges in preparing financial reports in FY21 | Business Standard News
On April 1 every year, businesses unroll their budgets and targets for the new financial year. This financial year — FY21 — is different. As a relief from the
Finance to the fore | Business Standard Column
The epidemic, and the responses to it, have created stress for a lot of firms. A sound financial system will put out a lifeline for
Petrol sales shrink 15.5%, diesel 24% in March as Covid-19 lockdown wipes demand – The Economic Times
New Delhi: India’s petrol sales shrank by 17.6 per cent and diesel demand tanked nearly 26 per cent in March as the economy froze under the nationwide lockdown announced to check
Shinzo Abe: Japan PM Shinzo Abe proposes state of emergency over virus, $1-trillion stimulus – The Economic Times
Tokyo: Japan‘s prime minister on Monday proposed a state of emergency for several major regions seeing a sharp rise in coronavirus cases, as well as a stimulus package
Recession: Global recession due to pandemic inevitable; but recovery can be fast – The Economic Times
A prediction, which can be made with reasonable accuracy, is that the global economy will slip into recession in 2020. We have never had a
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