The forum, organised for the sixth time by the Ministry of Planning and Investment and attended by 450 local and international experts from the US, Japan, and ASEAN member countries, offered state management agencies an opportunity to source ideas and inputs for improving the legal framework. … [Read more...] about M&As to spike as economy grows
This is a fairly unusual move by the Fed, and marks the use of yet another tool to try to keep the market content. Analysts may refer to this as "QE 2.1," indicating its small but significant effort to assuage the market without any additional monetary support. Wall Street now knows that interest rates will be exceptionally low for approximately two more years. This will alleviate any fears that the Fed could begin to raise rates before then. … [Read more...] about Fed Tries to Stimulate the Economy With Its Words
FILE PHOTO: People wearing protective face masks walk at the financial and business district of La Defense near Paris as France begun a gradual end to a nationwide lockdown due to the coronavirus disease (COVID-19), May 11, 2020. REUTERS/Gonzalo Fuentes … [Read more...] about French economy could contract 20% in second quarter: INSEE
In fact, one reason why banks stopped lending to MSMEs in the last 12 months period is high stress from this segment. So, that being the case, a good chunk of the stressed companies can now make a claim with banks for 'COVID-19 related debt’ tag so that they can avoid insolvency proceedings. This will happen regardless of the cut-off date the government will announce to calculate the quantum of COVID-related loans. A refusal by banks can lead to court disputes. … [Read more...] about What does the IBC data tell us about the state of Indian economy?
Meanwhile, Ashish Jha, Director Harvard Global Health Institute and a recognised public health official, in interaction with Gandhi, called for a need to go in for an 'aggressive' COVID-19 testing to create confidence among people. "When the economy is opened post-lockdown, you have to create confidence. There is a need for aggressive testing strategy in high-risk areas," he said. He asserted that COVID-19 is not the last pandemic in the world, adding that "We are entering the age of large pandemics". Jha further said that countries like South Korea, Taiwan and Hong Kong have responded the best to COVID-19 pandemic, while Italy, Spain, the US and the UK have responded the worst. A few days ago, the Gandhi scion had interacted with former Reserve Bank of India Governor Raghuram Rajan and Nobel Prize Winner Abhijit Banerjee to discuss various issues related to the COVID-19 crisis. Untitled Carousel Rahul Gandhi interacts with Nobel Laureate Abhijit Banerjee on COVID-19, Indian … [Read more...] about India will ruin its economy very quickly if it had severe lockdown: Swedish health expert to Rahul Gandhi