-Vikalp.ind.in India implemented a national lockdown to contain the spread of COVID-19 pandemic. The lockdown was announced suddenly, and without a prior warning to give time to people to prepare for it. The suddenness with which lockdowns were implemented does not seem to have been part of any plan but a reflection of the lack of planning. On March 16, the Prime Minister asked people across the country to self-quarantine just...

-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...

-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...

-NDTV Amid an expected global downturn of economy following the COVID-19 pandemic and the related lockdown, the outlook for India has been particularly gloomy. New Delhi: The coronavirus and the subsequent lockdown has pushed the government to take the ordinance route to formulate three of the four labour codes it is planning. The codes have already been introduced in parliament. One of them - the code on wages, which clubs together the...

-The Hindu/ PTI The COVID-19 outbreak came at a time when India’s economy was already slowing due to persistent financial sector weaknesses, says World Bank report. Washington: India is likely to record its worst growth performance since the 1991 liberalisation this fiscal year as the coronavirus outbreak severely disrupts the economy, the World Bank said on Sunday. India’s economy is expected to grow 1.5% to 2.8% in the 2020-21 fiscal which started on...