In the month of April when the country was observing a lockdown, few Indian state governments notified to reform or suspend most of the labour laws in the formal sector. This was done to provide impetus to the struggling industrial sector and offer them some flexibility. The laws that are going to b...
An IT employee in Hyderabad, originally from Tripura, spoke to BE about the difficulties of not receiving her salaries amidst the Covid-19 lockdown. She said, “I have to pay my rent every month along with other regular payments like electricity bills. I am on the verge of exhausting all my s...
Bank of Baroda’s Mega MSME Outreach ProgrammeThe Bank of Baroda recently conducted a ‘Mega MSME Outreach Programme’ to connect MSME borrowers across India through a live webinar. A large number of MSME borrowers along with the bank’s general managers, zonal managers, regional managers, branc...
The trade war between the United States of America (USA) and China, the world’s the first and second largest economies began as a ‘cold war’ much before President Trump assumed office in 2017. China, which was accused of manipulating its currency to make its exports cheap, be...
Prime Minister Narendra Modi in a recent meeting with the chief ministers asked them to be ready to woo companies that are quitting China due to the Covid-19 pandemic. Relevantly, American, Japanese, and South Korean companies are planning to leave China owing to the Covid-19 pandemic. But rehabilit...
In the Covid-19 episode, the Indian economy has been shrinking. This means, due to almost complete lockdown, only a portion of the economy has been under operation. Therefore, rate of growth of the economy is negative. Meanwhile several forecasts by various organisations put forward their estimate o...
The Covid-19 pandemic has hit India at a time when the Indian economy itself has been on a downward trajectory since 2018-19. According to an English daily, India’s growth fell from around 8% in Q4 FY to a new low of 4.5% in Q2 FY2020, on a quarterly basis. Media sources state that India suffered ...
“It is not true that life is one damn thing after another; it’s one damn thing over and over.” Those words of the American 1923 Pulitzer Prize winner for poetry, Edna St. Vincent Millay, are in step with the current times darkened by the Covid-19. Developed countries, which wer...
The Covid-19 pandeic has adversely impacted the Indian economy. Shaunak Roy, Assistant Professor, Department of Management and Commerce St. Xavier’s College (Autonomous), Kolkata informed BE, “While less than 25% of India’s $2.8 trillion economy remains functional at the present, India is pegg...
Finance Minister Nirmala Sitharaman on March 24 announced a number of measures for the extension of statutory and regulatory compliances during the coronavirus outbreak in India. We have listed some of the important provisions.Financial servicesThe debit card holders can withdraw cash from...
