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He said aggregate demand conditions, particularly in contact-intensive services, are likely to see a temporary dip, depending on how the Covid situation unfolds. With restrictions and containment measures being localised and targeted, businesses and households are learning to adapt, said Das.
MFIs at risk of rating cuts as bad loans riseAny such possible downgrades will likely raise MFIs' funding costs compounding the problem of asset-liability mismatch at a time when collection efficiencies have deteriorated amid localized lockdowns.
from Stocks-Markets-Ec… Read MoreCement prices stay firm in May despite pandemicAnalysts are bullish on cement companies following firm prices and a gradual relaxation in lockdown across states. They believe the strategy of focusing on prices instead of volume improvement will pay off in terms of stable … Read MoreFed should talk about taking foot off policy pedal: Robert KaplanThe U.S. unemployment rate was 6.1% in April, and a government report due Friday is expected to show it falling further.
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… Read MoreSebi inks securities regulation pact with Luxembourg supervisory authorityThe objective of the Memorandum of Understanding (MoU) is to strengthen cross border cooperation in the area of securities regulation, Sebi said.
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… Read MoreNSE-BSE bulk deals: HDFC Mutual Fund raises stake in Power MechPinewood Strategy’s India Opportunities Growth Fund bought 8,70,000 Shilpa Medicare shares through a bulk deal at Rs 511 per share.
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