Tag Archives: coronavirus impact

Coronavirus Impact On Indian Economy Trucks Come To A Standstill Amid Covid 19 Lockdown

World

Daily movement of trucks has reportedly collapsed to less than 10% of normal levels The world’s biggest lockdown has brought transportation of goods in India to a near halt, even though the government has exempted the sector from restrictions to halt the spread of coronavirus. Daily movement of trucks has collapsed …

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Coronavirus Impact On Aviation Air Deccan Ceases Operation Employees On Sabbatical Without Pay

Air Deccan Ceases Operations, All Employees Put On

Air Deccan is the first Indian aviation company to succumb to the coronavirus crisis Regional airliner Air Deccan announced on Sunday that it is ceasing its operations until further notice and all employees are being put on sabbatical without pay, the first Indian aviation company to succumb to the coronavirus …

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Coronavirus Update Government Capital Infusion In Public Sector Banks

SBI Eases Minimum Balance Rules. Here

The government may need to make a provision of at least Rs 20-25,000 crore Government has assured state banks it is ready to provide capital support as the coronavirus pandemic may lead to a surge in bad loans when economic growth is slowing, three government and banking sources told Reuters. …

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RBI Cuts Rates As Distress Mounts Across South Asia Over Coronavirus

Economic Remedies For The Coronavirus Across The Globe

The RBI lowered the benchmark repo rate by 75 basis points to 4.40% New Delhi/Mumbai: The Reserve Bank of India slashed interest rates on Friday in an emergency move to counter the economic fallout from the coronavirus pandemic after the government locked down the country to slow the spread of …

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Coronavirus (Covid)-19 Impact India’s Electricity Use Falls To Lowest In Five Years Due To Lockdown

India

arring three eastern states, all regions registered a fall in demand as offices have been shut. India’s electricity use plummeted to levels last recorded in March 2015, government data showed on Saturday, due to a nationwide lockdown to arrest the spread of the coronavirus. India used 2.59 billion units of …

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Passenger Airlines Could Take $100 Billion Hit Due To Coronavirus, Says IATA

Passenger Airlines Could Take $100-Billion Hit Due To Coronavirus: Industry Body IATA

Airlines across the world are rushing to cut flights and costs, and warning of a hit to earnings London/Singapore: The coronavirus epidemic could cost passenger airlines up to $113 billion in lost revenue this year, an industry body warned on Thursday, more than three times a projection it made just …

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Sensex Gains Over 200 Points, Nifty Moves Above 12,200 Amid Buying Across Sectors

How Stock Markets Read Budget 2020, RBI Policy Review This Week

Gains across sectors – led by banking, IT and automobile shares – pushed the markets higher Domestic stock markets started Friday’s session on a positive note, a day after breaking a two-day winning streak. The S&P BSE Sensex index rose as much as 235.14 points to touch 41,694.93 in …

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