We did see the RBI saying that they will use all the arsenal in their kitty and rightly so. We are seeing liquidity measures to the tune of Rs 3.7 lakh crore along with rate action by the RBI’s one percentage point cut in CRR as well, and this is coming in after the welfare package of Rs 1.7 lakh crore that the Indian government unveiled for the BPL families as well. How far will this go in ensuring that India’s growth does not fall further? We have seen how Moody’s has said that India’s growth in 2020 could fall to a 2.5% level. Both were good first steps. The government did actually do what we expected them to do which is to start off by providing income support. We think a lot more needs to be done in terms of providing income support. It is not just income support to households, it has to be income support to SMEs and corporate because you do not want this lockdown to impact the economy and on earnings. What you do not want is also to create a balance sheet … [Read more...] about RBI’s dim growth, inflation forecasts show really high degree of uncertainty: Jahangir Aziz
Productivity declines when population growth exceeds real gdp growth
Tokyo Governor Yuriko Koike has also asked the tens of millions of people in the city and surrounding regions to avoid non-essential, non-urgent outings until April 12, as the city has become the centre of Japan's coronavirus epidemic. … [Read more...] about Coronavirus update: Global death toll exceeds 30,000, Spain house-bound, Britain on ’emergency footing’
The first new Taco John’s restaurant opened in Cheyenne in October with the company’s updated logo and branding and new menu items prior to a planned national roll out. … [Read more...] about Taco John’s launches re-branding and growth initiative
Special effects legend Greg Nicotero has shared a Creepshow season 2 update on social media. Nicotero confirmed that production has been stalled due to the world's current state of affairs. Most of Hollywood has been shut down and forced to work from home, along with a ton of other businesses across the world. For Creepshow, it seems that they had really just started with season 2 and it looks like there is a lot more work to do when everything gets back to normal. … [Read more...] about Terrifying Creepshow Season 2 Spider Puppet Revealed as Production Hits Pause
Self-employed workers will be able to get 80 per cent of their previous income covered by the government, up to a limit of £2,500 a month - although only those with trading profits below £50,000 will be eligible. The government will cover 80 per cent of wages for companies to keep workers on, up to £2,500 a month. VAT bills worth £30billion for the next quarter will be deferred.A £7billion boost to welfare to 'strengthen the safety net' will be made.A £1billion boost to housing benefit to help renters;A £30billion fiscal stimulus in the Budget, including £12billion directly for the fight against coronavirus, with more money for NHS; Government-backed loan guarantees worth £330billion - equivalent to 15 per cent of GDP. TheTreasury will increase this with 'as much capacity as required' … [Read more...] about Michael Gove hints at looming austerity after government’s massive coronavirus bailouts amid fears of 2.75million jobless by June and a 10 per cent hit to GDP
Fearing an outbreak, local officials have already stood down volunteers delivering Meals on Wheels and replace them with council staff, saying it hopes the move will help it 'further care for the wellbeing of our vulnerable populations.' … [Read more...] about The towns at risk of being torn apart by coronavirus: Inside the neighbourhoods that are most vulnerable to the killer virus because of their ageing populations – so is your suburb on the list?