-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...

-Livemint.com * India’s cattle are on an enforced diet, milk’s value is on the slide and chicken farmers are in deep despair * The livestock sector contributes 30% to India’s agricultural GDP and is valued at over ₹9 trillion. Yet, during the lockdown, policy and remedial interventions have largely focused on crops NEW DELHI: Shravan Kumar Yadav often wakes up in the middle of the night these days. The incessant mooing and grunting...

-The Hindu The trend across developing countries is to give State governments as much discretion as possible India urgently needs to increase fiscal support for COVID-19 relief and rebuilding. Among comparable developing countries with similar Gross Domestic Product (GDP) per capita, India has spent the least as a share of its GDP. While the Central government has announced measures amounting to 0.8% of GDP, the International Monetary Fund (IMF) estimates that State-level relief...

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...

-Hindustan Times Plan for a Rs 20 lakh crore-stimulus. It is needed for both immediate relief and economic revival India has seen among the most stringent prevention responses to the coronavirus disease (Covid-19) so far. With a complete lockdown for three weeks already, and a further 19 days added on Tuesday, it has hit the maximum in an index of stringency designed by the United Kingdom’s Overseas Development Institute. But its economic...