Most reports and studies by official agencies, international think tanks and private entities indicate the cataclysmic impact of the coronavirus pandemic on the economy and society. They anticipate that lockdowns imposed by various countries across the globe to reduce the exponential diffusion of COVID-19 (i.e. for flattening the curve by social distancing and quarantines) would adversely affect economic growth and disrupt supply chains in most sectors, on top of causing...

-The Indian Express Officials said 24 such families had approached them in Surjamata alone, a village of 150 families. Most people here work as daily wagers, owning no land and barely any possessions. Purulia (West Bengal): Bordering Jharkhand, the district of Purulia in West Bengal has zero cases of coronavirus. However, that is not the only COVID-19 story here. With the state government announcing free ration under PDS for six months to...

-Scroll.in It is imperative that this money is reclaimed and not treated as an unavoidable collateral loss in the fight against Covid-19. On March 25, my colleagues and I at the Aajeevika Bureau, which tries to address the economic and socio-legal problems of migrant workers in Gujarat and Rajasthan, woke up to dozens of messages of utter distress, both on our personal phones and on our toll-free Labour Line. Among the people who...

-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...

-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...