Prime Minister’s address to the nation at 8 pm on Tuesday.What was missing was any tangible announcement of concrete relief for the suffering mass of humanity fleeing lost jobs, penury and callous abandonment at their place of work, for the meagre but assured refuge of a distant home. Missing also was clarity on relief for the six crore tiny, small and medium enterprises that struggle to survive without work or revenue.A stimulus of Rs 20 lakh crore is awe-inspiringly large. At first blush. But it includes the liquidity measures announced by the RBI earlier, and could announce later. That is an immediate let-down. Because all the RBI’s efforts to push several lakh crore rupees into the hands of the banks, in the hope that the banks would lend the money to struggling companies, had come to nought.Before the RBI’s extra-ordinary liquidity measures, the Targeted Long Term Repo Operations, the banks used to deposit Rs 2.86 lakh crore a day with the RBI. After the RBI … [Read more...] about View: May we remain awed rather than shocked when PM’s stimulus package unfolds
With the emergence of multiplexes, single screens have received a severe blow. While many have died an inconspicuous death over the years owing to stiff competition from multiplexes, many have been converted into them. And while the business garnered by both might face a roadblock in the near future, industry experts believe that the post-Corona world will see a resurrection of the single screen theatre. Veteran producer Mukesh Bhatt believes that cheap ticket rates will bring in people at single movie halls. “They’ve cheaper tickets. A huge chunk of our population cannot afford a gold class ticket but they do have the right to be entertained,” he says. … [Read more...] about Will the post-Corona world see a resurrection of single screens?
So far, the State has reported 214 cases, including five deaths. According to officials, Hamirpur has witnessed a spurt in cases after people in large numbers returned to the State from parts of the country recently. The district now has 57 of 142 active cases in the State. … [Read more...] about Coronavirus | Lockdown extended till June 30 in Himachal Pradesh’s Hamirpur, Solan
Eighteen cases are returnees from abroad (UAE - 12, Oman – 1, Saudi Arabia – 1, Abu Dhabi – 1, Maldives – 1, Kuwait – 1 and Muscat – 1). Twenty-five patients came from other states (Maharashtra – 17, Tamil Nadu – 4, Delhi – 2, Karnataka – 2). Six people contracted the disease through contacts. Of them, two are remand prisoners in Kannur and one is a healthcare worker in Thiruvananthapuram. … [Read more...] about Two Kannur prisoners among 49 COVID-19 cases in Kerala on Monday
She suggested starting a social media challenge where people would “proudly” post their pictures showing how they look (especially with facial hair) during the lockdown when there’s almost no access to parlours, salons and spas. She, however, dropped the idea a few minutes later. “Kind of embarrassing, let’s skip,” she said. … [Read more...] about Hopes trimmed in lockdown? Fret not, you still have your tweezers