Economists and market analysts have lost no time in telling us what happened during previous pandemics. DBS Group Research’s Taimur Baig and Radhika Rao point out that the SARS (Severe Acute Respiratory Syndrome) outbreak in 2003 spread to two dozen countries and led to 774 deaths. On the economic cost of SARS, DBS Research says, "Hong Kong and Singapore saw about 100 bps decline in bond yields and a 15 percent decline in equity market valuation. The loss of GDP was as high as 2.5 percent for Hong Kong and around 0.5 percent for Singapore." … [Read more...] about Moneycontrol Pro Weekender | Waiting for Sitharaman
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This, however, did not provide additional deduction as it was brought in place of deductions for medical reimbursements and transport allowance that were scrapped. These Budgets also saw the quantum of the deduction for medical insurance for senior citizens and that for specified diseases being increased from Rs 30,000 to Rs 50,000 and Rs 60,000 (for senior citizens)/Rs 80,000(for very senior citizens) to Rs 100,000 (for any type of senior citizen) respectively. … [Read more...] about Budget 2020: Personal income tax rate cuts need of the hour
Uma Kadhir, a 37-year old Mumbai resident just quit a housekeeping staff job in a pharmaceutical company after she was diagnosed with severe immune deficiency. This was purely because she was not ‘allowed’ to eat in the same cafeteria as the other staff and her work timings did not permit more than 20 minutes of absence. Result: She skipped meals. … [Read more...] about Class divide in India Inc: Are companies choosing to ignore it?
Basmati rice exports to Iran, New Delhi's top buyer of the aromatic grain, dropped to 600,000 tonnes in the eight months from 900,000 tonnes a year earlier, but traders, worried about delayed payments, have not signed any new contracts with Tehran in the past five days, the sources said. … [Read more...] about India’s rice exports fall sharply as sanctions delay payments from Iran
Sharma said that his driver overheard a personal conversation he was having over the phone, where he was talking about the current state of the Indian economy. Following this, the driver allegedly said ,"Only 6 years of Modi government, how can you blame the economy? It is Congress's fault of 70 years."Took @Olacabs yesterday. Driver overheard my phone conversation where I was talking about India’s economic situation. He said, “only 6 years of Modi government, how can you blame economy?” It is congress’s fault of 70 years. I asked him, so what all wrongs did congress do?(1/n) … [Read more...] about Ola gets pulled into ‘free speech’ debate following passenger complaint on driver’s behaviour