The agency said the NPAs have been reducing over the past 18 months, after hitting a peak of 11.6 percent in March 2018, when the RBI had undertaken an exhaustive asset quality review leading to emergence of high amounts of hidden stress coming out. "Businesses' operational outages and the recession will have a deeper and longer effect on lenders than we previously assumed," it said. … [Read more...] about Loan recasts to only defer problem, NPAs may zoom up to 14% due to COVID-19: S&P Global Ratings
2019 04 18
After the US proclamation that banned non-immigrant visas such as H-1B at the back of COVID-19, Canadian immigration reported a huge spike. For instance, the country saw 11,000 immigrants in May compared to 4,000 in April with significant number of them from countries such as India, China, the Philippines, the US, and Nigeria. … [Read more...] about US visa ban | Is Canada really the next destination for thousands of Indian techies after the US?
The SC ,in the instant cases, noted that no material had been placed by the establishments to demonstrate that the allowances in question (i.e. travel allowance, conveyance canteen allowance, management allowance, special allowance, education allowance, medical allowance, etc.) were either variable or the allowances in question were not paid across the board to all employees in a particular category. … [Read more...] about What Supreme Court’s judgement on applicability of PF contributions means
One of the possibilities, according to a vaccine industry spokesperson, could be the ongoing efforts of the GAVI (formerly Global Alliance for Vaccines and Immunisation) and the Bill and Melinda Gates Foundation towards funding the COVID-19 vaccine manufacturing across geographies for equitable distribution and overcoming logistics issues. "These agencies have been in the process of identifying 10 vaccine companies in 10 different countries to produce COVID-19 vaccines for which they have raised about $4 billion. It is even going to be a challenge to find vendors capable of supplying billions of glass vials and other packaging material to support the vaccine production," the spokesperson said, while refusing to elaborate on whether India was on their radar. … [Read more...] about India’s COVID-19 vaccine puzzle: Bharat Biotech, Serum set to start human trials; but big questions remain unanswered