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?
Revival what does it means
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’
Israel, on the other hand, is gearing up for large scale serology tests in order to gauge the proportion of population which has developed antibodies against the novel coronavirus. Israel, whose aggressive response to the coronavirus has held its fatality rate to a fraction of those of the United States and other hard-hit nations, is readying a nationwide serological test of 100,000 citizens. Moshe Bar-Siman-Tov, director-general of Israel’s Health Ministry, said that if antibody tests show a sizable portion of the population has developed antibodies, that could mean Israel is on its way to “herd immunity” and would be well equipped to withstand further outbreaks. Meanwhile, studies have estimated the percentage of Israelis with antibodies range widely, from less than 1% to upward of 10%. … [Read more...] about In-Depth: Is Herd Immunity our best bet in the fight against coronavirus?
Designers like Mishra are gearing up for a change in consumer habits. “There will be a shift toward more conscious buying. We are preparing for occasion-led buying, such as weddings and festivals to help the market revive slowly.” E-commerce rather than retail stores will drive businesses. As Anavila says, “Innovative collections sold online will help us reach the right customers.” Ekaya is working on an e-commerce platform that will offer customers a preview of the collection in the store, from which they can choose. “They can come into the retail store, pick what they want from their online choices, buy the sari and leave within 15 minutes.” … [Read more...] about Coronavirus lockdown | India’s 7-million strong artisans’ community faces supply disruptions, cancelled orders & financial hardships
The DICGC came to be fully owned by the RBI and the board strength was raised to nine. The Act provided for either the RBI Governor or the Deputy Governor (DG) heading the board, but tradition led to one of the DGs chairing the board. The integration of the two also allowed funds to be transferred from one arm to another in case of a financial problem. Indeed, in 1978, the CG fund had to be bailed out by the DI fund as the former had more claims to settle compared to the collected fee income. The claims had partly gone up as the guarantee cover had increased from 75 percent to 90 percent, which also led to a rise in moral hazard. … [Read more...] about Credit guarantees of 1970s make a comeback