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NBFC association seeks three-month moratorium on EMI payments

-The Financial Express NBFCs are at the forefront of financing many of the affected sectors, notably small road transport operators, taxi aggregators, infrastructure contractors, MSMEs, traders etc. After banks wrote to the regulator asking for moratorium on corporate repayments, their non-banking counterparts have sought a three-month moratorium on equated monthly instalment (EMI) payments by their customers as much of the country goes into lockdown mode. Non-banking finance companies (NBFCs) are also asking...

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Congress president Sonia Gandhi bats for construction industry workers in letter to PM Modi

-The Hindu I request you to consider advising the State Building and Other Construction Workers Welfare Boards to roll out emergency welfare measures, particularly wage support, to construction workers who are in distress, she says Congress president Sonia Gandhi has asked Prime Minister Narendra Modi to roll out emergency welfare measures for construction industry workers because of the ongoing COVID-19 lockdown, the party said on Tuesday. In her letter, dated March 23, Ms....

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AIIMS Says Many Doctors Forcibly Evicted by Landlords Fearing Coronavirus, Stranded on Roads

-News18.com The AIIMS Resident Doctor’s Association has asked the government to issue an order prohibiting landlords and home-owners from evicting medical professionals working tirelessly amid the outbreak. New Delhi: Several doctors and nurses at AIIMS have been forcibly evicted from their rented homes by landlords due to the fear that it would make them more susceptible to novel coronavirus, the premier hospital’s Resident Doctor’s Association has said in a plea for help...

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‘What will we eat?’ labourers and people from unorganised sectors stare at uncertain future -Deep Mukherjee

-The Indian Express As a result of the lockdown, thousands, including daily wage labourers, street vendors and those in the unorganised sector, are staring at a massive crisis, with many without the means to even buy food. Jaipur: It’s been an unusual Monday afternoon for Dharmanath Sapera, who, instead of his usual routine of collecting scrap or working at construction sites, is spending the day worrying about arranging the next day’s meal...

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A pandemic, an economic blow and the big fix -Praveen Chakravarty

-The Hindu A package for Rs. 5-lakh crore-₹6-lakh crore targeted across different sections of society and the economy, is feasible India has just finished a day of curfew and clapping to practise ‘social distancing’ and to express gratitude to the millions of health and essential services workers amid the COVID-19 pandemic. It was a laudable initiative by the Prime Minister to rally the nation together. The nation is truly at war, as...

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