-Hindustan Times Plan for a Rs 20 lakh crore-stimulus. It is needed for both immediate relief and economic revival India has seen among the most stringent prevention responses to the coronavirus disease (Covid-19) so far. With a complete lockdown for three weeks already, and a further 19 days added on Tuesday, it has hit the maximum in an index of stringency designed by the United Kingdom’s Overseas Development Institute. But its economic...

-The Hindu The virus reveals how dependence on private sector-led economic growth has proved to be disastrous  Dr. Manmohan Singh’s 1991-92 Budget speech marked the beginning of the end of the ‘Licence Raj’ in India. The Budget also announced the reduction of import duties and paved the way for foreign-manufactured goods to flow into India. Following this, most of the manufacturing sector was opened up to foreign direct investment. India’s industrial policy...

-The Indian Express A large number of migrants in the Persian Gulf come from India, Bangladesh, Nepal, Pakistan, and the Philippines. The loss of income will not just affect the workers but will also echo across continents in their home countries, which receive billions of dollars in remittances every year. New Delhi: As multiple countries across the globe try to grapple with the lockdown imposed due to coronavirus pandemic, migrants in the...

-The Indian Express The extended lockdown across the manufacturing and services sectors, the resultant job losses along with the wave of salary cuts are projected to start impacting the repayment capacity of retail borrowers. Mumbai/ New Delhi: The possibility of loan defaults spilling over from the corporate sector to the retail segment, a key growth area for lenders in recent years, has been flagged as a growing concern by bankers at a...

-The Indian Express Coronavirus lockdown: While the death toll has risen to 339, the total number of COVID-19 cases in the country neared 10,400. As many as 1,035 persons have recovered from the virus. At least 602 dedicated COVID-19 hospitals having 1,06,719 isolation beds and 12,024 ICU beds have been readied in country, said Joint Secretary, Health Ministry, Lav Agarwal Tuesday in a routine media briefing on the coronavirus situation in the...