Is there a case for a Covid budget?

The lockdown has turned finances upside down. The fall in tax revenue is going to hurt badly.

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THE ECONOMIC TIMES NEWS DIGEST Mon, May 04, 2020 | 04:00 PM IST

Dear Reader, here are top stories of the day.

News Is there a case for a Covid budget? The lockdown has turned finances upside down. The fall in tax revenue is going to hurt badly. ... View: Virus is straining the concept of federalism How, in this crisis, should the federal government fairly deal with states that hold completely different visions of ... DHS report: China hid virus' severity to hoard supplies The revelation comes as the Trump administration has intensified its criticism of China, with Secretary of State Mike...

Today's Highlights Abbott's antibody tests to be available by May-end Antibody testing is an important step to tell if someone has been previously infected. It will provide more understan... ICMR deploys IBM's Watson to boost India's Covid fight ICMR Director General Balram Bhargava said that it is critical to remain focused on testing, diagnosis and treatment ... Skymet estimates record 113.66 mt of wheat output There is slight difference in Skymet's estimation and the government's second advance estimates, which was released i...

Tech Private equity firm Silver Lake to invest Rs 5,655.75 crore in Reliance Jio Platforms Silver Lake will invest Rs 5,655.75 crore in Jio at an equity value of Rs 4.90 lakh crore....

Wealth Covid impact: How to manage your career, finances In India, the total number of jobs likely to be impacted is 136 million, as per the NSS.... Is your debt MF at risk? Here's the answer ​​ET Wealth studies the quality of papers held by the five largest schemes of different debt fund categories to see i... What you should do and not do right now A lot of people have realised the value of gradual exit from the equity in the last few weeks. Savers had saved and g...

Industry Hero MotoCorp to start production in three facilities The decision by the company comes in the wake of the relaxations put in place by the government on the countrywide lo... Indian bank bad debt could double in coronavirus crisis: Sources A fresh surge in bad debt could hit growth and delay India's recovery from the pandemic.... Most profitable cement maker reopens; demand crashes The company, which restarted its factory in Guwahati with about 30% of workers using as much as 20% of capacity, expe...

epaper Liquor stores may face dry days ahead Existing stock will be exhausted and replenishment could take a month or so.... As govt eases coronavirus lockdown conditions, factories to make muted start on subdued demand Carmakers, phone firms are set to begin production with output less than the usual level.... Infra spending, MSME package on the cards: Gadkari The minister said he has suggested providing low-cost capital to MSMEs through NBFCs and called for speedy payment of...

Panache Fake news: '2020 year to survive' not said by Tata The Tata Sons Chairman Emeritus took to social media to ​​call out the fake news. ... I For India: SRK's performance with AbRam wins hearts; Hrithik, PeeCee, Kohli among celebs in concert to raise funds for Covid relief By the end of the 4 hour 20 minute-long concert, over Rs 3 crore were raised....

RISE Factories to restart, but where are the workers? As India Inc prepares to gradually restart operations, the question many are asking – will there be enough workers to... Ola, Uber resume services in select cities Uber's services in all cities which fall under the Red Zone remains suspended. ... Grofers is in talks to raise $60-70 million The funding comes at a time when the company's sales and margins have doubled, compared to the same period last year....

Mutual Funds Knocked down by lockdown? Here is how you can sail through Events such as losses, layoffs, unpaid leaves and salary cuts also affect us mentally, particularly in case of busine...

Jobs Eight in 10 Indian companies not currently considering permanent staff layoffs or redundancies: Korn Ferry survey Given the government's extensive requests on avoiding laying off employees, the majority of companies have not implem...

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