The Kamath panel had made recommendations for 26 sectors that could be factored by lending institutions while finalising loan resolution plans and had said that banks could adopt a graded approach based on the severity of the coronavirus pandemic on a sector. … [Read more...] about SC to govt on loan interest waiver: ‘Diwali is in your hands’
However, distress in the rural labour force seems to have worsened. “The demand for jobs under the Mahatma Gandhi National Rural Employment Guarantee scheme (MGNREGS) has surged, with a y-o-y growth of 47.2% in November. Till November, 266.67 crore person days have been created under the scheme — a jump of 51.3% as compared to previous year,” the ministry noted. … [Read more...] about Economy firmly on the path of a V-shaped recovery, says govt.
(This story was first published in The Times of India on Dec 04, 2020) Soheli Purohit experienced several COVID symptoms before finally going for a test after having an acute pain in the upper right part of her chest. We often tend to miss signs like body ache and that's what makes this story important. Here's what we can learn from her COVID journey It started with a severe back pain that travelled through the entire lower part of my body and whole night I could not sleep because of the pain. I assumed it was because of some travelling I had to undergo some days back and I must have lifted some heavy weight. I had a slipped disc a few years back after some tough horse riding in Kashmir and so, I assumed that the slipped disc would have relapsed. The pain was so severe. Next morning, I applied Volini topically and felt some relief, however I caught a cold. The cold was exactly like a seasonal allergy, stuffy nose and an overall feel of having a cold. No fever or cough. I started … [Read more...] about My COVID Story: My first COVID symptom was pain in the lower part of my body
New Delhi: E-commerce industry saw a 56 per cent growth in order volume and 50 per cent rise in gross merchandise value (GMV) this festive season over a similar period last year, a report by Unicommerce said on Friday. Unicommerce, e-commerce focused SaaS (software as a service) platform, analysed shopping trends for the festive month of 2019 and 2020, and the analysis is 30 days prior to Diwali with a sample size of over 44 million orders. "This festive season, e-commerce industry reported about 56 per cent growth in order volume as compared to the festive season last year (the festive season is one month prior to Diwali in 2019 and 2020). The increasing order volume also led to the 50 per cent growth in GMV as compared to the last year festive season," the report said. It added that consumers have become more value-conscious than before and are now shopping across new categories. GMV is a term used in online retailing to indicate the gross merchandise value of the products sold … [Read more...] about E-commerce order volume up 56% y-o-y this festive season: Unicommerce report
(This story was first published in The Times of India on Oct 19, 2020) Business at Mamulpet, Bengaluru’s oldest and largest wholesale garment hub, is slowly picking up even as fears over the pandemic swirl. Orders are trickling in gradually from the rest of Karnataka and the other southern states and the over 1,500 traders who conduct business here are pinning their hopes on the festival season, especially Diwali, Christmas and New Year. The wholesale market is decades old and traders here have supplied fabric and readymade garments to the rest of South India for as long as they can remember. Growth in business over the years saw the market expanding into neighbouring Sultanpet and Old Tharagupet localities. But, the pandemic and the resulting lockdown in March saw sales plummeting to unprecedented lows. However, they say, it may take a few more months for the situation to return to pre-Covid days. Many traders in the hub have suffered body blows and ‘to-let’ … [Read more...] about Business picks up in Bengaluru’s oldest wholesale garment hub