MakeMyTrip might also lay off about 400 employees who are not on its payroll Travel firm MakeMyTrip has announced salary cuts as tourism sector have
Category: Economy
A back-breaking lockdown that harms the poor | Deccan Herald
The phones at the toll-free labour helpline in Rajasthan’s Udaipur district have not stopped ringing since the news of the total national lockdown. Hapless migrant workers
Will migrant workers get jobs back when they return? | Deccan Herald
The massive lines of workers snaking out of cities has seemingly surpassed the tragedy of COVID-19. State government intervention, which has already begun, will arrest
India & COVID-19: Urgent need for a surgical strike | Deccan Herald
Time is life, delay is death.’ India is on the cusp of realising the truth in those words. As COVID-19 spreads rapidly across the world
India’s air travel industry jolted by COVID-19, in grave danger of insolvency: IATA | Deccan Herald
India’s carriers are in grave danger of insolvency in the wake of the COVID-19 pandemic, according to the International Air Transport Association (IATA). The current
Only time will tell whether Modi’s biggest gamble will pay off or the solution proves more lethal than Covid-19 | The Indian Express
Opposition politicians complain privately that because of the pandemic, Prime Minister Narendra Modi has an excuse to wriggle out of accountability for the declining economy
RBI’s guns boom: The Hindu Editorial on lockdown relief – The Hindu
India’s financial system will need more support as the virus crisis evolves The Reserve Bank of India (RBI) finally rolled out its big guns on
Corona lockdown is needed but it might put the economy on ventilator–Times of India
At the time of writing this, India is in a lockdown. The streets are empty, trains and flights are not running, schools, offices and factories
Relief package is peanuts. India needs to triple it–Times of India
Outrageously small. Crumbs from a miser’s table. Spineless obeisance to fiscal orthodoxy. Cowardly fears of foreigners reacting badly to a massive fiscal stimulus. Forgive my
Tax evaders fill coffers with empty beer bottles – The Financial Express
They are sold to breweries at a price which is almost always fixed for a specific buyer for a certain period under a contract. Even
नवी आर्थिक कुमक —महाराष्ट्र टाइम्स
‘करोना’ या जगभर थैमान घालत असलेल्या विषाणूच्या प्रादुर्भावाच्या पार्श्वभूमीवर, देशाची अर्थव्यवस्था गंभीर अडचणीच्या काळात जात आहे. अद्याप या विषाणूला अटकाव होत असल्याचे कोणतेही चिन्ह दिसत
नवी आर्थिक कुमक –महाराष्ट्र टाइम्स
‘करोना’ या जगभर थैमान घालत असलेल्या विषाणूच्या प्रादुर्भावाच्या पार्श्वभूमीवर, देशाची अर्थव्यवस्था गंभीर अडचणीच्या काळात जात आहे. अद्याप या विषाणूला अटकाव होत असल्याचे कोणतेही चिन्ह दिसत
Unshackle them: Essential supply chains caught in lockdown tangle–Times of India
The success of lockdown measures to beat Covid-19 boils down to the availability of essential commodities. Huge supply chain disruptions have occurred since the lockdown
moratorium | RBI: Not having to pay at this time is the right thing: SMEs on RBI’s Covid-19 moratorium–Economic Times
As the ripples of Covid-19 pandemic are felt across the economy, the Reserve Bank of India on Friday said, “The priority is to undertake strong
Whatever it takes: RBI tries to arrest an economic slide–Times of India
Reserve Bank of India’s monetary policy committee on Friday lowered the repo rate by 0.75% to 4.4%, supplementing it by measures to enhance the flow
RBI’s bold measures could be bolder–Economic Times
The three-month moratorium on servicing debt is the most tangible and effective policy measure announced by the Reserve Bank of India (RBI) on Friday. Lowering
moratorium | RBI: Not having to pay at this time is the right thing: SMEs on RBI’s Covid-19 moratorium
As the ripples of Covid-19 pandemic are felt across the economy, the Reserve Bank of India on Friday said, “The priority is to undertake strong
coronavirus: If food is not available to migrant workers, food riot may be a real possibility: Pronab Sen – The Economic Times
NEW DELHI: Former chief statistician Pronab Sen has warned that if food requirements of migrant workers with no income are not fulfilled amid countrywide lockdown,
Moody’s cuts South Africa’s credit ratings to junk – The Economic Times
JOHANNESBURG: Moody’s has downgraded South Africa‘s credit rating to junk status, piling more anguish on an economy already in recession and battered by Africa’s worst
No new business, little profit: Banks face the squeeze – The Economic Times
MUMBAI: Indian banks will have to brace themselves for a prolonged period of lower profits resulting from a hit in revenues and almost zero new
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