-Livemint.com Localized Lockdowns and rising covid cases among collection agents hamper loan recoveries Small finance banks are beginning to feel the heat of localized Lockdowns and the advancing pandemic wave, as the virus spreads to India’s small towns and hinterland. However, they are better prepared this time, after last year’s severe setback. “The disease is spreading much faster, especially in smaller towns. Rural customers are, however, less impacted. There have been some delays...
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Another Mass Exodus of Migrant Workers Likely if Delhi's Lockdown Persists -Gaurav Vivek Bhatnagar
-TheWire.in With a large number of units in the unorganised sector closing down and few providing residential facilities to workers, many have already started leaving. New Delhi: As the Delhi government announced a six-day Lockdown from Monday to combat the spread of COVID-19, a large number of migrant workers began leaving for their home towns and villages – bringing back memories of a similar crisis in March 2020. Workers fear that the...
More »India on the brink of unprecedented unemployment crisis: CMIE report -Gyan Pathak
-TheLeaflet.in Analysing a recent report on unemployment in India by the Centre for Monitoring Indian Economy, GYAN PATHAK warns about the looming unprecedented unemployment crisis. —– THE real extent of the economic damage from last year is now in the open. The biggest loss of employment in 2020-21 was suffered by salaried employees as opposed to the popular belief that they were the safest in terms of security of employment and earning during...
More »The second wave questions that need urgent answers -Kaushik Das Gupta
-The Indian Express Is the government postponing the use of the Rs 35,000-crore allocated for vaccine development in the current Budget? Has it been shy in using its good offices with the US to intercede on behalf of the country’s vaccine manufacturing companies? This time, last year, India was under a Lockdown announced by Prime Minister Narendra Modi in a televised address during which he issued several messages of caution. He talked...
More »Thousands of Migrant Workers Head Home Despite Delhi CM Kejriwal's Assurance 'Main Hoon Na'
-PTI/ News18.com The police were also in talks with civil administration officials to either arrange transport for them or shelter homes for their temporary stay, the officer said. Thousands of migrant workers gathered at Anand Vihar ISBT here to catch a bus home, hours after Chief Minister Arvind Kejriwal announced a week-long Lockdown and appealed to them with folded hands not to leave Delhi while sounding a word of assurance — "Main...
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