-The Indian Express A large number of migrants in the Persian Gulf come from India, Bangladesh, Nepal, Pakistan, and the Philippines. The loss of income will not just affect the workers but will also echo across continents in their home countries, which receive billions of dollars in remittances every year. New Delhi: As multiple countries across the globe try to grapple with the lockdown imposed due to coronavirus pandemic, migrants in the...
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Banks red-flag looming retail loan default, push for 6-month moratorium -George Mathew & Anil Sasi
-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...
More »Lockdown extended: But where are the big bang fiscal stimulus measures? -Radhika Merwin
-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...
More »602 hospitals earmarked as dedicated COVID-19 facilities: Health Ministry
-The Indian Express Coronavirus lockdown: While the death toll has risen to 339, the total number of COVID-19 cases in the country neared 10,400. As many as 1,035 persons have recovered from the virus. At least 602 dedicated COVID-19 hospitals having 1,06,719 isolation beds and 12,024 ICU beds have been readied in country, said Joint Secretary, Health Ministry, Lav Agarwal Tuesday in a routine media briefing on the coronavirus situation in the...
More »Punjab’s plan for seamless wheat procurement with social distancing -Raakhi Jagga
-The Indian Express To manage these efforts, the government is using IT. Starting with the arrival of wheat to its procurement by a private or government agency, the IT section of the Mandi Board will be shepherding the process. Ludhiana: In the wake of the Covid-19 pandemic, a key challenge for the Punjab government has been to ensure that the procurement of wheat is done in a seamless manner while adhering to...
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