The automobile companies may be benefited from the rate cut. Due to the pandemic, the people of the country try to avoid public transport and may prefer their vehicle, and with the restriction on the number of passengers can travel on a vehicle, the demand for the purchase of the vehicle will be more. … [Read more...] about ‘Rate cut could benefit auto companies, watch out for Hero, Maruti Suzuki & Eicher Motor’
Rate cut in gst
The economy looks certain to contract in FY21. We could see double-digit contraction in Q1FY21. Second half of the year could be better as cumulative monetary and fiscal stimulus and pent up demand provide tailwind to growth. Overall, the economy could contract by 3-4 perrcent in FY21. Inflation is likely to remain elevated in Q1FY21 as supply constraints and hoarding keep prices high. However, weak aggregate demand is likely to push inflation down later in the year. In FY22, growth could see sharp rebound due to low base and some pick up in momentum. … [Read more...] about ‘Need more stimulus with focus on GST cut, wage support, higher MNREGA spend’
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?
Thursday’s death occurred at a quarantine facility in Balod district. Yuvraj Nishad, along with his wife and two children had returned to his village, Tenga, from Maharashtra on May 14. “The family came on a truck from Maharashtra. We sent the child’s sample on May 25, but the test results are awaited,” said a district official. … [Read more...] about Coronavirus pandemic: 3 babies die in 48 hours in Chhattisgath quarantine centres; Health Minister says system ‘overburdened’
The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, plunged 13.6 percent last month. That was the biggest drop since the government started tracking series in 1959, and followed a 6.9 percent tumble in March. … [Read more...] about COVID-19 pandemic: US consumer spending tumble in April