View: Coronavirus lockdown is a $28 bn gig-loan buster

While many countries in Asia, Africa and Latin America also use microcredit to grease consumption at the bottom of the pyramid, India's banks and shadow financiers are already reeling under a severe crisis of confidence.

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THE ECONOMIC TIMES NEWS DIGEST Thu, Mar 19, 2020 | 04:00 PM IST

Dear Reader, here are top stories of the day.

News View: Coronavirus lockdown is a $28 bn gig-loan buster While many countries in Asia, Africa and Latin America also use microcredit to grease consumption at the bottom of th... Tamil Nadu's 2nd Coronavirus patient raises community transmission fears The youth, hailing from Delhi was currently in the isolation ward at Rajiv Gandhi Hospital & being monitored closely.... Covid-19 outbreak: PM Modi to address nation today PM Modi is closely monitoring the situation daily and discussed on Wednesday the ways to further strengthen India's p...

Today's Highlights SpiceJet suspends international ops temporarily As aviation industry in India is struggling to main a normal schedule due to COVID-19, aviation consultant CAPA-Centr... Manufacturing investments fell 15% in FY18 ASI, principal source of industrial statistics in India, is the most comprehensive data on organised manufacturing. T... Virus-hit India considers easier loan, tax rules Modi's administration is under pressure to shield the $2.7 trillion economy from the impact of the virus outbreak at ...

epaper SC slams DoT & telcos over AGR self-assessment Supreme Court tells operators to pay full dues as per DoT's estimates and agrees to consider the government's plea on... Coronavirus infodemic in its second stage: Fact checkers In India, fact-checkers tell ET, the coronavirus infodemic is now in its second wave of sorts (the first one was Chin... Karnataka dials Firstsource, Infosys for Covid-19 Helpline The state health department has already rolled out an interactive voice response system (IVRS) that calls people with...

Industry Coronavirus brings FMCG to its knees Consumer goods sales were subdued in Jan & Feb and the road ahead looks much uncertain .... Vaccine in a year, but there is a catch The vaccine for coronavirus (Covid-19) should not be seen as a cure, says Adar Poonawalla of SII.... Live events industry loses nearly Rs 3,000 cr In the last two months alone, events including IIFA2020, India Gaming Expo, FDCI India Fashion Week, GoaFest, PU Tech...

Tech Brace yourself for slower data speeds Experts and analysts say existing telecoms infrastructure belonging to Bharti Airtel, Vodafone Idea and Reliance Jio ...

RISE Ola, Uber fares touch rock bottom as demand falls by 50% Pandemic is changing rules of business, landing ride-hailing platforms in unfamiliar territory. Meanwhile, local lang... Son's empire wobbles as credit rout hits SoftBank The company is more vulnerable because of missteps at the Vision Fund, the $100 billion investment vehicle that Son s... Paytm, Razorpay others to face stricter norms, sector livid The central bank has also demanded mandatory compliance on technology and cyber-security requirements at par with sta...

Panache Coronavirus hits 'Friends' reunion production The production will not go ahead at least until May.... G Sathiyan shares his cheatsheet to stay healthy The table tennis star keeps his body, mind and soul in check. ... Bring your own blanket: What Indian Railways banning dirty linen tells us about 'quilt' complex Railways must ensure that hygiene efforts are not derailed by faulty laundering....

Jobs Jobs in times of coronavirus For now, most employers are holding off, with many seeking govt intervention. ...

Mutual Funds Don't panic and sell your mutual funds in a hurry Financial advisors point out that investors who had put their money through systematic investment plans (SIPs) over s...

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