The EXIM Bank provides financial assistance to exporters and importers with a view to promoting the country's international trade. In view of the COVID-19 pandemic, however, global trade contracted sharply and global financial markets have turned highly volatile and risk averse, especially to emerging market economies (EMEs). … [Read more...] about COVID-19 impact: RBI announces measures to support foreign trade
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Of the total 4,971 fatalities, Maharashtra tops the tally with 2,098 deaths followed by Gujarat (980), Delhi (398,) Madhya Pradesh (334), West Bengal (302), Uttar Pradesh (198), Rajasthan (184), Tamil Nadu (154), Telangana (71) and Andhra Pradesh (60). The death toll reached 48 in Karnataka, 42 in Punjab, 28 in Jammu and Kashmir, 19 in Haryana, 15 in Bihar, eight in Kerala, and seven in Odisha. … [Read more...] about Coronavirus in India | Over 11,000 COVID-19 patients ‘cured’ in last 24 hours, recovery rate climbs to 47.4%
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?
"At the same time, given the subdued demand, material prices have come down and savings are expected to accrue on the future project material sourcing. In addition, the careful selection of projects and protected contractual terms would help in mitigating the liquidity risk and margin erosion," said Voltas. … [Read more...] about COVID-19 impact | Re-mobilisation of workforce at project sites an arduous task: Voltas
Since the coronavirus crisis broke out, India has been pitching for a coordinated global approach in containing the pandemic. India has already supplied 446 million hydroxychloroquine (HCQ) tablets and 1.54 billion Paracetamol tablets to 133 countries, drawing praise from a number of global leaders. … [Read more...] about India will have to play key role in mass production of COVID-19 vaccine: French envoy