The RBI Governor, Shaktikanta Das addressed the media yesterday and took several steps to combat the economic fall-out of the coronavirus outbreak. The COVID-19 pandemic and the consequent lockdown has severely impacted economic activities across the world. As per the IMF’s World Economic Outlook, the global economy is expected to contract sharply by –3 percent in …
The Non-Bank Financial Corporations (NBFCs) were already facing a liquidity crunch when coronavirus pandemic hit and disrupted economic activities across various sectors. Ever since the default of Infrastructure Leasing & Financial Services Limited (IL&FS) and Dewan Housing Finance Corporation Ltd. (DHFL), the NBFCs have been facing difficulty in meeting their funding requirements. [Read about the …
The prolonged lockdown in China from January 2020 to March 2020 to tackle the deadly coronavirus pandemic disrupted the global supply chains in various sectors, including in the pharmaceutical sector. [You may read: Impact of COVID-19 on MSMEs] China is the world’s leading producer and exporter of bulk drugs and intermediates by volume. Most pharma …
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COVID-19 is the black swan of 2020. It has ravaged economies across the world. The pandemic is expected to hit India’s Micro, small and medium enterprises (MSME) sector particularly hard because of a lack of adequate cash reserves to tide over the crisis. The chairman of the Global Alliance for Mass Entrepreneurship (GAME) has said …
Impact of COVID-19 on Micro, small and medium enterprises (MSMEs) Read More »
India’s economic growth is likely to decline on account of the impact of coronavirus pandemic and the consequent lockdown. Various financial institutions have been cutting India’s economic growth forecast. The rating agency Moody’s slashed India’s GDP growth rate estimate for the year 2020 to 2.5 % from 5.3% estimated just 2 weeks back. Foreign brokerage …
International oil prices have been declining since January 2020. Brent crude has slid from $65 in December 2019 to below $30 in March. On 18th March, Brent crude fell more than 14 % to $24.52 barrels per day. Analysts expect the prices to touch $20 per barrel mark. [Brent crude and West Texas Intermediate (WTI) …