Introduction Some of the large companies are going bankrupt, leave alone the small companies. Individuals are on the fear of losing lives and employment, not seen even during the times
Month: July 2020
Emergency Credit Line Guarantee Scheme for MSMEsEmergency Credit Line Guarantee Scheme for MSMEs
With around 63.4 million units in total, MSMEs contribute around 6.11% and 24.63% of the manufacturing and services GDP respectively. They have been able to provide employment to around 120
Supreme Court’s Ruling on RBI’s Draft Bill on Virtual CurrencySupreme Court’s Ruling on RBI’s Draft Bill on Virtual Currency
The Supreme Court of India (On March 4, 2020), gave the landmark verdict on Virtual Currency that signaled revival for this industry – by allowing trading in virtual currency through
Constraints preventing India from a better stimulus packageConstraints preventing India from a better stimulus package
Background India has announced a five tranche fiscal package focusing on MSMEs, NBFCs, power sector, and farmers & migrants titled ‘Atmanirbhar Bharat’. However, India’s fiscal package of Rs. 12 Lakh
Suspension of H1-B visas may be a blessing in disguise for Indian IT industrySuspension of H1-B visas may be a blessing in disguise for Indian IT industry
Background India’s IT industry revenue was around US$ 191 billion in FY20 at 7.7 per cent growth y-o-y. It is estimated to grow to US$ 350 billion by 2025. Moreover,
Reforms in the rural sectorReforms in the rural sector
Introduction This will add to the existing population in rural areas which is home to 70% of Indians. The migrants who return home after almost two months of lockdown, with
Reactions to COVID-19 by various economiesReactions to COVID-19 by various economies
According to the IMF’s April 2020 World Economic Outlook, the global economy is set to contract by 3%. Within this subset, advanced economies are expected to contract by 6.1% while