Does the Corona-affected Tottering Economy Have Any Hope of Rising Again? A Report

By - Paisafatafat

  • 2020-04-27 12:27:13
  • Finance
The 40-day lockdown imposed by the Government of India has led to a stall in considerable economic activity for the entire duration. The near standstill economy is beginning to reflect in the spike in unemployment rates, sales of petroleum products and a myriad other sectors. Economists are worried the damages caused as a consequence of this might be to a certain extent, quite irreparable.. Read More

Rs 50,000-Rs 60, 000 Crore funding gap imminent for MFIs and NBFCs

By - Paisafatafat

  • 2020-04-27 12:17:54
  • Finance
A report declared that banks have refused to provide moratorium to MFIs & NBFCs and also, have given a very soft response to first of RBI TLTRO auction thereby further widening the gap of funding to nearly Rs 50, 000 to Rs 60, 000 Crore. This may cause the Reserve Bank of India (RBI) to open a window to foster direct liquidity for the small MFIs & NBFCs. . Read More
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