Our monetary policy response has been very active since the onset of COVID-19. Along with rate cuts, the RBI has done a lot of things to ease pain such as moratorium on term loans, easing access to working capital, increasing WMA limit for government etc. However, the fiscal response has been relatively modest. Although the government announced Rs 21 lakh crore stimulus package, the actual fiscal cost of the package is around 1 percent of GDP. … [Read more...] about ‘Need more stimulus with focus on GST cut, wage support, higher MNREGA spend’
Bush tax cuts
The new structure now has the pilots having a fixed gross salary, like a senior captain gets Rs 1.25 lakh a month. The rest of the pay depends on the flying hours. The amount increases with the flying hours. If a senior pilot flies up to 10 hours, then he will get Rs 2,400 per hour. That increases to Rs 14,400 per hour for the range of 61 to 70 hours of flying. … [Read more...] about GoAir revises pay of senior pilots, some may see a salary cut of 65 percent
Q) Nifty Bank fell more than 2% on Friday. What should investors do if they have a bank-heavy portfolio?A) The Reserve Bank of India (RBI) had surprised with another rate cut, and most of the analysts have expected that the announcement would be about moratorium alone but the RBI came with a rate cut. The RBI had focused on two elements the rate cut and moratorium. … [Read more...] about ‘Rate cut could benefit auto companies, watch out for Hero, Maruti Suzuki & Eicher Motor’
On the salary cut front, one-third of job-seekers indicated that salary cuts have not yet been announced but are most likely in the near future. In the most impacted sectors such as airlines, hospitality, and e-commerce almost half of the job-seekers indicated that salary cuts have been announced in their companies. … [Read more...] about One in 10 active job-seekers handed pink slip: Naukri survey
Simply Save podcast | Can debt funds really assess credit risk? Coronavirus Essential podcast | Kerala see another wave of infections; MHA refutes lockdown 5.0 claims; SC takes note of migrant issue Taking Stock | Market rises for second day in a row; investors richer by nearly Rs 2 lakh cr in a day … [Read more...] about Coronavirus Essential podcast | RBI’s push to revive economy, does COVID-19 spread through corpses?