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Covid-19 pandemic could lead to 4 per cent loss of real GDP for India: CRISIL Research -Surabhi

-The Hindu Business Line Gross non-performing assets of banks could rise to 11 to 11.5 per cent this fiscal CRISIL Research has stated that the current coronavirus pandemic could lead to a four per cent permanent loss to real Indian gross domestic product (GDP) and said that more fiscal stimulus will be required. Most economies across the globe are unlikely to see normal conditions until 2022 due to the current coronavirus pandemic and...

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Suggested resources to understand the COVID-19 crisis better

These days a lot many articles, reports, documents, etc. are appearing in the public domain on Coronavirus infection and related issues. An attempt has been made in the present news alert to put together in one place some of the best articles, reports, blogs, webinars, podcasts, etc., which can be useful for our readers. We have divided the resources under various themes for the convenience of our readers and social media...

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Audit of bigotry: How Indian media vilified Tablighi Jamaat over coronavirus outbreak -Ayan Sharma & Chahak Gupta

-Newslaundry.com Communal hatred, fake news, conspiracy theories, misinformation, misreporting. The coverage of the Nizamuddin congregation had it all. Having recovered from Covid-19, more than 200 followers of the Tablighi Jamaat are donating plasma to Delhi’s hospitals. Blood plasma containing antibodies against coronavirus from recovered patients is given to severely ill people to help them fight off the infection. It’s an experimental treatment known as convalescent plasma therapy. The donation by the Tablighis...

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Explained: How reverse repo rate became benchmark interest rate in the economy -Udit Misra

-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...

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Digital transactions rise sharply, banks’ RTGS up 34% in March: RBI data -Aashish Aryan & Sunny Verma

-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...

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