-The Hindu RBI told banks that they could shift the repayment schedule for loans and the residual tenor across the board by three months after the moratorium period. Banks which give borrowers a three-month moratorium on repayment of loans will continue to charge interest on the outstanding portion of the loans during this window period, the Reserve Bank of India clarified on Friday evening. The 3-month moratorium on repayment of loans - including...
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Covid-19 lockdown: Over 15 lakh trucks, 35 lakh drivers stuck on roads without support -G Naga Sridhar
-The Hindu Business Line Hyderabad: The national lockdown is proving to be a nightmare for nearly 36 lakh truck drivers across the country. “Out of 75 lakh commercial vehicles in the country, over 20 per cent are stuck on the roads across the country and drivers are in need of urgent support,” Janakiram Reddy, Vice-Chairman, All India Motor Transport Congress Toll Committee, told BusinessLine on Friday. The 21-day national lockdown announced by...
More »Kerala's Citizen-First Approach To Fighting COVID-19 -Isaac Thomas Isaac
-NDTV "Social Unity amid Physical Distancing" is the slogan of Kerala in the war against COVID-19. It was coined after some elements began to use measures for social distancing to justify caste pollution distance norms. Kerala is harnessing its abundant social capital to overcome the limited fiscal space in which state governments are forced to operate in quasi-federal India. Led by a state government with commitment and the actualization of synergies...
More »As mandis get shut, here are five ways the government can help farmers cope -Rajalakshmi Nirmal
-The Hindu Business Line Encouraging farmers to hedge through futures and increased use of WDRA warehouses are among key options With the nationwide lockdown to control the spread of Covid-19, mandis where farmers sell their harvest have also been closed. Across the country, the harvest of several crops including wheat, mustard, chana and coriander has started and farmers are sitting on truckloads of grains and pulses. In the kharif season, many farmers lost...
More »FM’s announcement of Rs 1.7 lakh crore in the wake of COVID-19, is less than half of the Rs. 3.75 lakh crores required to fulfill the minimal “emergency measures”, convey concerned citizens & grassroots activists
-Press releases by NREGA Sangharsh Morcha dated 26th March, 2020 Civil society activists and concerned citizens have responded to the emergency measures that were announced by the Finance Minister on 26th March, 2020 for the poor, the vulnerable and the migrant & informal workers. An open letter by NREGA Sangharsh Morcha -- an umbrella organisation of CSOs and social activists working for the unorganised sector and MGNREGA workers -- has been issued...
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