Real estate

Some sectors (such as real estate) were facing difficult times even before COVID-19 hit us. I think government and/or banks should provide relief to businesses that were profitable before the pandemic. For restructuring, we need to know the full impact of lockdown on certain businesses. Since that situation is still evolving, it's too early to chalk out restructuring plans. As of now, we need temporary measures to keep businesses functioning (such as moratorium extension, easing access to working capital etc). … [Read more...] about ‘Need more stimulus with focus on GST cut, wage support, higher MNREGA spend’

All of us have had to give up our extravagances, our little sins, our dark pleasures. If not pay-cuts or joblessness, there’s the knowledge of utter penury killing millions on the streets. These are somber times, yes, but also a period to set the frivolous and the fancy apart from bare necessities. While ABBA sang to us in our childhood, money, money, money… it’s a rich man’s world, our teachers did say in that boring way of theirs, health is wealth. … [Read more...] about Someone do the costing

Of the 265 deaths reported since Friday morning, 116 were in Maharashtra, 82 in Delhi, 20 in Gujarat, 13 in Madhya Pradesh, nine in Tamil Nadu, seven in West Bengal, four each in Telangana and Rajasthan, two in Punjab and one each in Chhattisgarh, Jammu and Kashmir, Andhra Pradesh, Jharkhand, Karnataka, Kerala, Uttarakhand and Uttar Pradesh. … [Read more...] about Coronavirus in India | Over 11,000 COVID-19 patients ‘cured’ in last 24 hours, recovery rate climbs to 47.4%

"According to the respondents (of the survey), given that COVID-19 is already having a major economic impact on people's lives, most cannot sustain the high cost of treatment. Therefore, need of the hour is for the central and state governments to cap the treatment charges or at least standardise them based on hospital categories or ratings," Gupta said. … [Read more...] about Coronavirus pandemic | 57% worried of high-priced COVID-19 treatment in pvt hospitals: Survey

The bank raised Rs 745 crore through issue of Basel-III compliant tier-2 bonds in the March quarter. The amount mobilised would be counted as part of tier-2 capital and enhance the capital adequacy of the bank, it said. … [Read more...] about IDBI Bank posts Rs 135 crore profit in Q4