After bazooka, RBI pulls out a Swiss knife

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THE ECONOMIC TIMESDaily Newsletter Fri, Apr 17, 2020 | 05:50 PM IST

#Coronavirus#EconomyTracker#Whatsbuzzing

Top stories of the day After bazooka, RBI pulls out a Swiss knife The Governor announced a second tranche of liquidity for NBFCs, refinancing institutions. ... China won't be able to bail rest of Asia out this time Govt wants data on all sackings, pay cuts Discoms to suffer Rs 30K cr revenue loss due to lockdown: CII 40% decline in growth of COVID-19 cases: Health Ministry Fuel sales slump 50% in April; petrol down 64%, diesel 61%, ATF 94% FMCG sales witness sharp decline in March last week: Survey Govt announces fresh lockdown exemptions

Debate This Has India shortchanged the informal sector in its Covid response? Govt wants data on sackings and pay cuts happening in India. Modi has himself made multiple appeals to companies to be considerate to staff. But all this is exclusively for the organised sector. The informal sector that forms the economy's backbone has got a few doles, but nothing beyond that. What'll be the cost of the skew?

SENSEX 31588.72 986.11 NIFTY 50 9266.75 273.95 USD/INR 76.36 -0.51

Top Gainers NSE 25 companies (largecap) appreciated more than 5% Bharat Forge 19.02% Shriram Tran Fin 17.73% More from Gainers Top Losers NSE 5 companies (largecap) price decreased more than -3% Torrent Pharma -3.77% Havells India -3.63% More from Losers

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Slowly, India Inc begins to fire up its engines At least eight publicly listed companies have taken steps to restart operations.... RBI Governor expects a V-shaped recovery for India in 2021-22 Banks that skirted India's bad loans can't escape lockdown Ban on dividend payout will help conserve capital, no adverse effect seen Wider, aggressive testing at core of Lockdown 2.0 plan Direct Tax department sets target of Rs 13.19 lakh crore for FY21 Passenger vehicle dispatches likely to decline by 10-12 per cent in FY21 : Icra Demand for contract workers may increase Auto companies chop salaries to stay afloat L&T bags significant orders worth up to Rs 2,500 cr from domestic clients Donald Trump unveils guidelines to reopen America China denies cover-up in coronavirus outbreak COVID-19 could cause hundreds of thousands of additional child death: UN

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Top Slideshow Covid: Unusual masks people are using Top Video RBI's liquidity boost: Major announcements

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