It depends on how long we are in lockdown and how much time the economy takes to recover from the shock. We are expecting the economy to contract by 3-4 percent in FY21. While first half of FY21 is likely to be very bad, we could see recovery in the second half. In this scenario, we don't anticipate severe pressure on banks after six months. However, if recovery takes longer and individuals and businesses still find it difficult to repay loans after the 6-month moratorium ends, we could witness rising NPAs and stress in the banking sector. … [Read more...] about ‘Need more stimulus with focus on GST cut, wage support, higher MNREGA spend’
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Of course, this was decided because of the very high participation that it could be only at the level of heads of state and government and both countries, for reasons of agenda, could not do that at that level, but they would be ready to participate at other levels. … [Read more...] about COVID-19 could cause $8.5 trillion loss in global output: UN chief Antonio Guterres
When our body contracts an infection, it automatically produces antibodies to fight off that infection. Otherwise, vaccines, which often carry the disease-causing microorganism in a dormant or inactive state, help the body produce those antibodies so as to protect an individual from catching the infection, making him/her immune to it. Besides, if an individual is immune to a disease, he/she cannot pass it on to others. … [Read more...] about In-Depth: Is Herd Immunity our best bet in the fight against coronavirus?