Farmers typically await the autumnal rains before they sow their seeds, planting ahead of the gloom and cold of winter. If goes well, a crop will emerge and grow over the next few months until it is ready for harvest.…
The government has started working out the possible post-lockdown scenarios and is considering another booster shot to minimize the impact of coronavirus and revive the economy but nothing has been finalised yet, senior officials said on Sunday.
The focus is on issues that may come up after the lockdown is lifted on April 15, an official said. There have been discussions about a package but nothing has been finalised yet, the official said, adding that the idea is to revive consumption, “so some measures might be needed.”
If a package is announced, it would be the third major initiative by the government to tackle the challenges thrown up by the rapid spread of coronavirus.
On March 24, hours before Prime Minister Narendra Modi declared a countrywide lockdown, Finance Minister Nirmala Sitharaman announced a slew of relief measures for taxpayers and businesses. Two days later, Sitharaman announced a Rs 1.7-lakh-crore relief package for those hit hardest.
On Sunday, the officials said they are also looking at the possibility of redesigning some
Visiting California was on Amrita’s mind since she got her first job in 2020. She saved and planed a trip to Las Vegas and booked her tickets last December for a travel in April. Thanks to the coronavirus outbreak which forced India to cancel international flights, Amirta’s plan is stuck and so are her Rs 42,500 (ticket price).
Gulf major Etihad has refused to provide her refund and instead has given her a voucher of equivalent amount which can be used till 31 July 2021. With the virus spread becoming severe in US, Amrita is unsure of any international travel in near future and now spends at least 10 minutes daily in trying to get her refund.
“I called them and they were just robotic, repeating the same information, that Etihad has decided not to give refunds and offer a voucher,” said Amrita, 25. “They wouldn’t deviate from the repetition and wouldn’t pass me over to anyone else. Just said I could log a complaint but that wouldn’t get me a refund.”
The same story reverberates in domestic sectors as all Indian airlines are refusing to refund cash and
As many will be well aware, diversifying your portfolio is an essential way to ensure the safety of your investments and reduce the inherent risks attached to purchasing stocks in companies across related industries.
However, the stock market isn’t the only source of lucrative investment opportunities, especially if you’re looking to diversify.
Investing beyond of the bourse on so-called “passion investments”—investing in collectible or rare physical assets which allow you to enjoy the money you have put into them—is one increasingly popular method of diversifying
As HSBC notes, passion investments provide “a physical store of worth…unlikely to entirely lose their value”, unlike traditional stocks and, indeed, have the potential to be valued far higher than their original price over time.
But what are the best investments with which to diversify your portfolio in the first place? Read on for our suggestions.
With its own stock exchange, the Liv-ex (London International Vintners Exchange), and a global network of traders, fine wine is one of the most reliable investment opportunities available. According to the Telegraph, fine wines increased in value by 20 per cent in the year ending July 2017, and beyond the stock market itself, fine wine has
The Australian share market has given up all of its strong early gains and then some, falling by more than 1.5 per cent for a second day.…
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