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CEO Reading List: April 4, 2020

| Updated on April 04, 2020 Published on April 04, 2020

These are hectic and distracting times we are sure. To help you catch up, here is a curated reading list of BL’s most interesting stories on the big picture in the past week. We start off with the non-COVID stories as they may have slipped under the radar.

Revised forecast

ADB thinks India’s GDP growth will fall to 4 % in FY21 but rebound to 6.2% in FY22.

Read more: ADB lowers growth estimates for 2020-21 to 4%; forecasts recovery in 2021-22 to 6.2%

No extension

The lockdown will end, says the Centre

Read more: Lockdown will not be extended: Centre

Crystal gazing

McKinsey has a new paper on navigating the post COVID world

Read more: McKinsey paper offers insights on how businesses can navigate the new normal post-Covid-19

Bouncing back

Chinese manufacturing seems to be rebounding rapidly from the virus hit.

Read more: China’s March official factory activity unexpectedly expands after steep contraction

Not that bad

India’s manufacturing PMI dipped in March but was surprisingly still in expansion mode!

Read more: Manufacturing PMI dips to 51.8 in March

Innovating

Sachet pioneer Cavinkare now offers sanitizer in Re 1 sachets.

Read more: CavinKare launches sachet hand sanitizer starting at ₹1

Merger as usual

The PSU bank merger came in effect on April 1 as planned.

Read more: Public sector banks merger to come into effect from April 1: RBI

Deficit overshoot

Fitch expects India’s fiscal deficit to widen to 6.2% in FY21 owing to stimulus packages.

Read more: Read more: Fiscal deficit may shoot to 6.2%: Fitch

Shrunk

RBI has reduced the trading hours for financial markets for ten days.

Read more: RBI cuts trading hours of financial markets

Fund release

The Centre has released Rs 11,092 cr under the State Disaster Risk Management Fund to States for the COVID response.

Read more: Home Ministry, FinMin to release over ₹28,000 cr to States

Lower demurrage

The Centre has waived demurrage charges on cargo clearance by 50 percent.

Read more: 50 per cent of demurrage charges waived on imported air cargo

Repatriated

US citizens stranded in India will be flown out from April 4 onwards, from a few cities.

Read more: Repatriation flights for US citizens stranded in India to start from April 4

No rush

The April rush is missing in Railway ticket bookings.

Read more: Covid-19 puts railway bookings off the track

Good monsoon

An early private forecast of the monsoon says it will be an above-normal year.

Read more: Above normal monsoon for India this year, says The Weather Company

Outflow

Private banks faced a deposit outflow after the Yes Bank debacle data show.

Read more: IndusInd Bank deposits fell by 10-11% after YES Bank crisis

Now the COVID ones….

Clustered!

Most of India’s doctors are clustered in five States.

Read more: 52% of India’s Allopathic doctors are practising in just 5 States

Stranded

Truckers are abandoning their vehicles on the highways as they head home.

Read more: Now, dotting India’s highways are abandoned trucks

Condemned

Tablighi Jamat is drawing criticism from the Muslim community for its irresponsible act.

Read more:Tablighi Jamaat draws widespread condemnation from Muslim society

More testing

The Centre is considering fast antibody tests for COVID for the entire population in hotspots

Centre advises rapid testing for entire populations in Covid-19 hotspots

Painting it Red

India Post is chipping in with drugs transport.

With its fleet of iconic red vans, India Post propels drug transport

Stagger it

The PM discussed a staggered exit from the lockdown.

Centre may go for staggered exit from lockdown

Shutting NY?

US is mulling a belated New York quarantine.

US coronavirus cases surge past 115,000; Trump mulls New York quarantine

 

Compiled by Aarati Krishnan

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Published on April 04, 2020
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