It said that the liquidity crunch of discoms is likely to worsen during and post the lockdown, and the gap may grow by 20-25 percent. The sector is likely to require significant transition financing to mitigate the impact

A day earlier, the IMF in its World Economic Outlook had forecast India's growth rate to be 1.9 per cent in 2020

For businesses with large tax liabilities, delaying the tax payment by three months would mean a large interest outgo, and hence those taxpayers, who have sufficient cash-in-hand are planning to pay the taxes and file returns on time

P. Chidambaram, Meghnad Desai, Bimal Jalan, D. Subbarao, and Junaid Ahmad on how to get the GDP going

Government measures to tackle the current situation are not enough to revive the economy

Tata Sons which is the holding firm of the Tata Group has asked CEOs of its companies to keep capex plans on hold which will ensure sufficient liquidity in these tough times

Prime Minister Narendra Modi while announcing Janata Curfew on March 19, days before declaring a complete lockdown, had appealed companies to not cut salaries and wages of employees. He also advised them not to retrench staff

Finance Minister Nirmala Sitharaman's March 24 speech signaling the government's move to consider raising the threshold limit to file any action under IBC from Rs. 1 lakh to Rs. 1 crore has come as a huge relief booster shot for SSMEs and small businesses

Assuming 300 working days in a year, the daily output comes to Rs 45-50,000 crore which can potentially be lost due to the shutdowns, says the report

Sensex, Nifty Live News Today: Indian indices were the top laggards amongst the key global indices, since the average peak achieved in February 2020. Since then, Brazil index has fallen 40%, followed by India, where the decline stands at 36%. Compared to this, other key indices average decline stands around 31-28% from peak.

Many start-ups could fold up sooner than later as B2B and B2C transactions plummet as a result of lockdown and shutdown across the country

Colin Shah, Vice Chairman, GJEPC, said the relaxations will give some relief to worried entrepreneurs and they are eagerly awaiting the economic relief financial package to be announced by the government

Transfer Rs 5,000 in 40 crore daily wage workers to boost demand, Rs 10,000 to vulnerable, says the industry body, in an action note on COVID-19, tells PMO

The worries over spread of the virus have created mayhem in stock markets globally. Here is what lies in store for equity investors in the year to come

UK, Switzerland, China, Sweden, Austria, and Japan, have also taken fiscal measures, including offering support to local businesses

In India, no such relief package has been announced as yet. Government officials say the coronavirus outbreak could derail the revival of economic growth

Sixteen out of the 30 major product groups including petroleum, engineering goods, organic and inorganic chemicals, drugs and pharmaceuticals, electronic goods, handicrafts and marine products were in positive territory in February

PayMate is improving process efficiency and providing greater transparency in cash flows

While the payment offer is yet to be rolled out, mutual funds and Freedom SIP will be offered under savings in Oppo Kash

The screen damage insurance policy can be availed from the Realme PaySa mobile application and will be completely paperless