-Scroll.in The Nobel laureate said people needed reassurance and that the administration had to be ‘proactive’ in doing so. Nobel laureate Abhijit Banerjee on Friday said India has not done “anything close to enough” to provide relief to the poor, who have been adversely impacted by the countrywide lockdown to contain the spread of the coronavirus. In an interview to BBC, Banerjee said the Indian government needs to think of a “clear,...

-The Telegraph/ PTI Order issued to exclude non-essential items from cart The Centre on Sunday barred e-commerce firms from selling non-essential items during the lockdown, reversing its own four-day-old order that allowed online platforms to sell mobile phones, refrigerators and readymade garments. The dismay of the e-commerce companies and the jubilation among domestic traders, considered a traditional vote Bank of the ruling BJP, suggested politics has forced the Narendra Modi government to take...

-The Indian Express The usage of cash and other cash-based services, however, dipped during the period, the data showed. New Delhi: The month of March, in which the national lockdown began, saw a sharp rise in digital financial transactions countrywide, according to data accessed by The Indian Express. According to the latest Reserve Bank of India (RBI) data, the total value of Real Time Gross Settlement (RTGS) transactions — the biggest online payment...

-The Indian Express Like most other central Banks in the world, the Reserve Bank of India, too, has tried to cut interest rates to boost the economy. New Delhi: The Indian economy’s slowdown during 2018 and 2019 is becoming much worse in 2020 with the spread of COVID-19 and the stalling of almost all economic activity. Like most other central Banks in the world, the Reserve Bank of India, too, has tried...

-The Hindu In a communication to State-run Banks, the government said the move is aimed at ensuring credit flow for economic activities and the guidelines come into effect from Monday when the business activities resume. Mumbai: As business activities resumed on Monday after a nationwide lockdown, the Finance Ministry has swung into action to ensure credit flow to companies and prescribed a specific time frame for Banks within which a loan needs...