News

CEO’s reading list: May 9

| Updated on May 09, 2020 Published on May 09, 2020

It was an action-packed week for the economy, as the government and businesses began to map out the way ahead. Catch up on BL’s key stories on the subject in this curated reading list.

Deep dent

The April PMIs provided dire hints on the lockdown impact on the economy.

Read more: Lockdown impact: Services PMI in April at all-time low of 5.4

Read more: Manufacturing PMI slips to unprecedented 27.4 in April

 

Expecting a U

Moody’s thinks India’s GDP growth will be zero in FY21 but predicts a rebound to 6.6% in FY22

Read more: Moody’s slashes India’s GDP growth to `zero' in FY21

 

Don’t make in China

The Centre and States have identified 4.6 lakh hectares of land to be allotted to firms quitting China to ‘Make in India’.

Read more: India offers land twice Luxembourg's size to companies leaving China

 

Up in arms

Trade Unions are protesting decisions by some States to suspend critical labour laws to restart business.

Read more: Unions up in arms as State govts dilute labour laws via ordinances

 

Connecting markets

The Railways is turning out to be a go-to option for FMCG firms seeking logistics during the lockdown.

Read more: To keep the wheels of their supply chains running, FMCG majors try out trains in lockdown

 

Cash cow

Once again, fuel taxes have been hiked to rescue government finances, but without retail price hikes.

Read more: Sharp excise hike on petrol and diesel: Centre taps into cash cow again

 

Restarting

Bajaj Auto sold over 32,000 units in April, mainly to export markets, an 80% fall over last year.

Read more: Bajaj Auto sells over 32,000 units in April 2020

 

Slowdown

India’s smartphone sales flattened in Q1 but that was better than in other countries.

Read more: India’s smartphone market witnessed flat opening in Q1, hope for revival in the festive quarter: IDC

 

Stimulus ahead?

The Government has raised its borrowing target for FY21 by Rs 4.2 lakh crore, raising hopes for a fiscal stimulus.

Read more: Centre to borrow ₹4.20-lakh crore more; fiscal deficit may widen to 5.4%

 

Uneven spread

Chennai MSMEs say the geographical distribution of permits to restart operations has been inequitable.

Read more: Chennai MSMEs allege bias in permission given to restart operations

 

Published on May 09, 2020

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.