The present crisis while often compared to the Global Financial Crisis of 2008-09 is remarkably different in origin and magnitude. Before GFC, the fundamentals of the economy preceding the crisis were strong, so a quick intervention with the Centre’s fiscal deficit shooting up from 2.5 percent to 6 percent worked to minimise the damage. … [Read more...] about 3-Point Analysis | Economic stimulus: What’s in it for markets and investors?
"The package was designed keeping in mind that we are facing a situation which is exceptional and therefore whether the contraction is going to be this much or that much, we didn't have the luxury of data to guess-estimating them. However, the spirit of that thought has been kept in mind that we have to now look at complete contraction and if we have to stimulate the economy keeping that in mind what is that we have to do," she said. … [Read more...] about Future actions to stimulate economy will depend on how COVID crisis pans out: FM Nirmala Sitharaman
"The company’s hotels, however, continue to remain closed, except for those travellers who were stranded due to lockdown or for accommodating identified persons, based on the directions of the respective state governments and local bodies," the release said. … [Read more...] about Lockdown 4.0 | ITC restarts production of cigarettes at its factories: Report
Edelweiss Group Chairman Rashesh Shah told the paper that clients were “gradually coming back”. The aim is to attain credit growth of 8-10 percent credit by the September quarter, he said. He added that Edelweiss would reopen 20 percent of branches in smaller towns by May-end and resume loan sanctions from June. … [Read more...] about NBFCs consider loan disbursals from June, take optimistic approach
In Europe, Germany, Denmark, Finland, Iceland and Norway — nations that are winning favourable notice in the fight against COVID-19 — are all led by women. In Asia, some of the more successful battles with the virus have been in areas where women have been in charge. They include Taiwan and Hong Kong, as well as the small Indian state of Kerala where a woman holds the health portfolio. … [Read more...] about COVID-19 | That women leaders are faring better is simplistic and flawed thinking