-The Indian Express A few people are attempting novel ways of defrauding innocents using information and technology. Money is being siphoned off using fake accounts and exploiting vulnerabilities of various applications. The COVID-19 outbreak presents a global challenge not just for the medical fraternity and society, but for law enforcement agencies also. Cyber crime, like a pandemic, knows no state borders. A few people are attempting novel ways of defrauding innocents using...
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Banks red-flag looming retail loan default, push for 6-month moratorium -George Mathew & Anil Sasi
-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...
More »Lockdown extended: But where are the big bang fiscal stimulus measures? -Radhika Merwin
-The Hindu Business Line In a bid to curb the spread of Covid-19, Prime Minister Narendra Modi extended the ongoing lockdown till May 3. While the move was imperative to save lives, taking stock of the massive impact of the extended lockdown on jobs and livelihoods is equally critical. More importantly, the Centre will have to announce big bang fiscal measures soon, to address the fallout of the virus-induced lockdown that...
More »602 hospitals earmarked as dedicated COVID-19 facilities: Health Ministry
-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...
More »Coronavirus deepens struggles for migrant workers in Gulf countries
-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...
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