China’s experience shows even after outbreaks are contained, lingering fear is likely to change consumer behaviour for longer than expected.
As India conducts world’s biggest lockdown, budget pressures will worsen on the back of a prolonged slowdown and depressed tax collections.
Shortfalls in revenue & cash flows, caused by shutdowns, have simply exposed vulnerabilities of a structurally unsound economic & financial system.
Term deposits of 1-3 years will now fetch an interest rate of 5.5%, down from 6.9%, while the five-year term deposit will earn 6.7% instead of 7.7%.
The base case for forecasters is that a recovery, perhaps even a vigorous one, gets under way in the second half of 2020.
DEA secretary says govt will do all that’s necessary to meet expenditures related to health, to provide for the poor and for resurgence and recovery of industry.
While RBI announced a three-month loan moratorium on 27 March, most banks are yet to issue clear guidelines on how borrowers can avail the scheme.
Punjab, Haryana need nearly 16 lakh farm hands, but there are no labourers — while most have returned to their home states, the seasonal labour isn’t able to come.
The UNCTAD said that advanced economies & China have put together massive govt packages which, according to the G20, will extend a USD 5 trillion lifeline to their economies.