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 …
Impact of COVID-19 on Pharmaceutical Sector in India Read More »
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) …