With Covid crisis dealing sharp blow to struggling financial sector, revival calls for new approach. Central and state government deficits and debts will increase dramatically
Category: Economy
A poor way of thinking: Poverty compounds India’s corona suffering. Governments never fix this core problem
Did you know why the Indian lockdown is creating so much human suffering, even though we did relatively well on the Covid case numbers? Why
Stoking the engine: UP and MP show the way with labour reforms–Times of India
India reforms only in a crisis, has been the succour economists have proffered in gloomy Covid times. The Uttar Pradesh government has done well to
Wrecking entire economies: Lockdowns may be causing more harm than good worldwide, and especially in India–Times of India
Locking up healthy people in their homes and putting wholesale populations under house arrest is perverse. Coronavirus panic merchants and fearmongers have wrecked entire economies
Global economic outlook worsened since forecast in April, says IMF – The Hindu BusinessLine
The International Monetary Fund said that the global economic outlook has worsened since its latest forecast three weeks ago and the world can expect more
Address the health and economic crises beyond Covid – The Hindu BusinessLine
With the health and economic well-being of India greatly threatened due to its size and population density, it is time to look beyond short-term relief
Buffetisms in the times of Covid – The Hindu BusinessLine
Buffet’s speech in Berkshire Hathaway’s annual meeting implies that the worst may not be over yet The three-day long annual jamboree, the Woodstock of Capitalism,
Centre to borrow ₹4.20-lakh crore more; fiscal deficit may widen to 5.4% – The Hindu BusinessLine
The government on Friday announced raising its borrowing by over 50 per cent of Budget Estimate during the current fiscal. Additional borrowing means fiscal deficit
Unions up in arms as State govts dilute labour laws via ordinances – The Hindu BusinessLine
Say laws are amended to woo firms looking to leave China; fear exploitation of workers Our Bureau Unhappy over several State governments making amendments to various
Jobs as memory: Don’t invite new anarchies on top of that wrought by Covid | Business Standard Column
Will people buy as many cars as before? How much office space becomes surplus as office-goers work from home? How will that impact construction? T
Industries want suspension of most labour laws for 3 years – The Financial Express
Earlier in the week, Uttar Pradesh promulgated an ordinance to exempt industries from various labour laws for three years to revive economic activities. In a
GST relief 2.0: Govt can provide relaxations with respect to certain measures under GST – The Financial Express
Current relaxations, prospective exemptions, and time taken to restore normalcy may depress tax collections. An increase in the tax rate of certain goods can compensate
Need for non-collateralized reverse repo operations: SBI Report – The Economic Times
Summary “Given that 2020 is going to be an exceptional year with government borrowings set to jump, we believe the time has now come for increasing
Is it lockdown for startups? – The Economic Times
With Covid-19 and automation, GoI’s one-time employment darlings could become prodigal liabilities. A triple-whammy — SoftBank’s debacles with WeWork and OYO, Covid-19 and GoI’s decision
Are India’s labour law reforms only a gift for factories, or will workers benefit too? – The Financial Express
The new labour reforms will promote ease of doing business in the state. however, it is crucial that companies safeguard the interests and wellbeing of
Moody’s pegs India’s FY21 GDP growth at 0%, says risk of slower economic growth rising – The Financial Express
Moody’s said high government debt, weak social and physical infrastructure, and a fragile financial sector face further pressures due to the coronavirus outbreak. Analysts across
Rescuing real estate: Developers must take bold and agile action to survive Corona shock – The Financial Express
For ‘Act Now’, company leadership should create a “war room” with a senior cross-functional team, focused on scenario planning, prioritising crisis response, and managing initiatives
Corporate Trends – Company – News – The Economic Times
Workforce shortage is biting. Wages will have to be increased to keep migrants from leaving for villages. New Delhi | Mumbai | Bengaluru: India Inc
Uber: The results are in for the sharing economy. They are ugly. – The Economic Times
Lyft said rides on its service fell nearly 80% in late March and remained down 75% in mid-April. In May, passengers began to return cautiously
Covid-19 crisis: It’s time for concrete revival plan, says SBI chairman | Business Standard News
Rajnish Kumar said, “a certainty on regulatory stance, and support that may be coming from the government, is required as we are now in the
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