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...

-Scroll.in Migrant workers allege the administration stopped serving them food after shelters were set ablaze on Saturday. The banks of the Yamuna in Delhi have swollen up with men who cannot go home. On Tuesday afternoon, some lay curled over nothing more than a gamcha or cloth towel. A few guarded their bags and belongings by using them as pillows. Others had nothing on them apart from their clothes. Hundreds of these daily-wage...

-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...

-Outlook India Indian Economist Jean Drèze, in an interview with Outlook, says that because of the Coronavirus lockdown, there won’t be any employment under MNREGA now and Bihar will be the worst-hit. Belgian-born Indian economist, Jean Dreze, says that the central government needs to take immediate measures to address the situation that has emerged in the wake of mass exodus of migrant workers due to the Coronavirus lockdown. In an interview with...

-The Indian Express In 2004, a former bank executive started his own bank. As it grew, courting corporates, lending aggressively and dodging referees, the bad loans grew too. Until one day, the bank went belly up. The Indian Express on how the story of Yes Bank and Rana Kapoor is of warning bells that went unheard. After providing services to Yes Bank for years, a vendor was keen to terminate the contract....