Microcredit crucial for low income households dealing with Covid-19 blow

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We are confronted with unprecedented challenges and uncertainty posed by the Covid-19 pandemic and its impact on our lives — or deaths, for many. Besides the public health emergency, this is the economic tsunami of the highest order, with no end-date in sight yet. Surely, demands from large and visible sectors would be most vociferous, impact more quantifiable and redressal relatively easier to deliver. However, it is the invisible low-income households (LIH), who would be hardest hit and deserve most support. Given the demands on the already stretched resources, our immediate policy response should be to prioritise the needs of LIHs.


Over 90 per cent LIHs are self-employed or employed in the informal sector, earn less in absolute terms, have volatile cash-flows and lack the safety nets to deal with adversity. Majority seek income outside the traditional agriculture — in farms, livestock, services, construction, manufacturing, trade and depend of daily-weekly earnings to meet the basic needs. Like us, confronted with requirement of lumpsum amount, typically in the range of Rs 30,000 to Rs 1 lakh, they access credit. For over a decade, micro-credit has been a key channel for LIHs and today nearly 5.6 crore LIHs

Flat or negative growth for IT sector in 2020 due to Covid-19: Infosys CFO

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India’s information technology sector is expected to post either flat or negative growth in 2020 due to the impact of the pandemic globally, an IT industry veteran said onSaturday.


“Look at the economic activity (globally). Worse than what you have seen in 2008 (global financial crisis).


So, clients (of Indian IT companies) are not going to increase spending (on IT) or even maintain the current spending,” the former Chief Financial Officer of IT major, Infosys Ltd, V Balakrishnan told PTI.


There will be cut in spending, and could be pressure on pricing because all the major industries including retail and financial services have been adversely impacted, he said, also noting surging unemployment rate in the US.


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“Economies are doing badly. Spending is not going to happen. I think this year is going to be tough for the IT industry,” Balakrishnan said.


The pandemic is like a force majeure, and no amount of business continuity planning will help in this situation, he claimed.


“They (Indian ITcompanies) have to

5 books everyone should read before they start trading

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It is of the utmost importance that you educate yourself before you start trading, regardless if your goal is to become a professional day trader or a long-term stock investor.

Having a great understanding of the market your trading on is essential and the more you know the better you will get. In the end, your knowledge or lack thereof is what will set you apart from everyone else.

Naturally, there are many ways that you can educate yourself about trading such as forums, websites, magazines like ours, and more. Although, the most effective and tested way to learn how to trade is through trading books.

Because of this, we asked the experts over at BullMarketz.com to help us put together a list of the five most important trading books that they think everyone should read before they start trading. If you haven’t read these titles yet, we advise you to do so as soon as you can.

Market Wizard / The New Market Wizard

Market Wizard and the New Market Wizard are two different versions of the same book, written by Jack Schwager. The first version is Market Wizard which was later updated under the name the New Market

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