-Hindustan Times Almost 3,000 families of labourers are struggling to make ends meet as jobs have dried up following the curfew because of the Covid-19 outbreak Chandigarh: It is 9 am, but hundreds have gathered at the Tin-Shed Colony in Sector 52 for free meals to be distributed four hours later. Among them are 14-year-old Ranjana and her 8-year-old brother. They are surviving on the two meals provided by the UT administration in...
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India needs a strong fiscal stimulus -Pulapre Balakrishnan
-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...
More »100 million Indians fall through gaps in food safety net, economists urge rethink on Covid-19 relief
-Scroll.in The Central government is using outdated population figures to determine grain allocations to states under the food security law. Millions of Indians live on the verge of hunger even in normal times. Now, with the coronavirus epidemic sweeping the world and India declaring a five week-long economic lockdown to contain it, hunger threatens an even larger population which has no income to buy food. As part of its economic central government has...
More »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 »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...
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