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India: Mumbai COVID lockdown spells trouble for businesses | Business| Economy and finance news from a German perspective | DW


India: Mumbai COVID lockdown spells trouble for businesses
India is among the countries hardest hit by in the second wave of the COVID-19 pandemic not only in terms of human life, but also economically.
Small businesss in Mumbai are facing bankruptcy during the lockdown
Rakesh Kumar Nayal runs a grocery store in the suburbs of Mumbai, a shop the 55-year-old has been running for the last 18 years.
The business is down by 25%, he said. Only those people who have our cellphone numbers place orders with us, others are using online services like Grofers and D-mart. I have five employees and four hours of operations do not justify their salary or our expenses. Sometimes the police also harasses us to shut the shop. We bring our shutters down and do our business in this congested and airless shop. It is very difficult. ....

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India: Mumbai lockdown spells trouble for businesses | Business| Economy and finance news from a German perspective | DW


India: Mumbai lockdown spells trouble for businesses
India is among the countries hardest hit by in the second year of the COVID-19 pandemic, not only in terms of human life, but also economically.
Small businesss in Mumbai are facing bankruptcy during the lockdown
Rakesh Kumar Nayal runs a grocery store in the suburbs of Mumbai, a shop the 55-year-old has been running for the last 18 years.
The business is down by 25%, he said. Only those people who have our cellphone numbers place orders with us, others are using online services like Grofers and D-mart. I have five employees and four hours of operations do not justify their salary or our expenses. Sometimes the police also harasses us to shut the shop. We bring our shutters down and do our business in this congested and airless shop. It is very difficult. ....

United States , Kumar Rajagopalan , Indranil Sen Gupta , Kamal Gianchandani , Aastha Gudwani , Rakesh Kumar Nayal , Gurvineet Singh , Pradeep Shetty , Multiplex Association Of India , Restaurant Association Of Western India , Retailers Association Of India , Minister Rajesh Tope , Retailers Association , Multiplex Association , Restaurant Association , Western India , Viviana Mall , Gross State Domestic Product , Care Ratings , America Securities , Pacific Financial Institutions , Covid 19 , ஒன்றுபட்டது மாநிலங்களில் , குமார் ராஜகோபாலன் , இந்திரனில் சென் குப்தா , கமல் கியாங்சந்தணி ,

A month-long national lockdown can shave off 1-2% of GDP, claims report


A month-long national lockdown can shave off 1-2% of GDP, claims report
According to a report by Bank of America Securities India, a month-long national lockdown to stem the spread of COVID 2.0 could scrape off 100-200 bps (basis points) of the GDP resulting in a 300-bps risk to annual growth
BusinessToday.In | April 27, 2021 | Updated 13:13 IST
Given the high economic cost, the brokerage expects the Centre and the states to try to contain the spread with further tightening of night curfews and localised lockdowns
A month-long national lockdown to stem the spread of COVID 2.0 could scrape off 100-200 bps (basis points) of the GDP (Gross Domestic Product), resulting in a 300-bps risk to annual growth, according to a report by Bank of America Securities India, which also expressed reservations over the ability of local lockdown to control the coronavirus pandemic. ....

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First convocation ceremony of JIS University


First convocation ceremony of JIS University
More than 1,000 students receive medals and degrees
Sudipa Dasgupta
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Published 26.04.21, 05:23 PM
Medals and degrees were awarded to more than 1,000 toppers of undergraduate, postgraduate and MBA programmes at the first convocation ceremony of JIS University on March 25.
West Bengal Governor Jagdeep Dhankhar and First Lady Sudesh Dhankhar attended the ceremony. The chief guest on the occasion was K.K. Agarwal, chairman, National Board of Accreditation. The guest of honour was Sabu Thomas, vice-chancellor of MG University.
The Governor urged the students not to forget their commitment towards the nation, humanism and equality. He also advised them to create their own definition of success. “Mo ....

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A month of national lockdown can eat up 1-2% of GDP: Report


Updated:
April 26, 2021 19:31 IST
“A month of nationwide lockdown costs 100-200 bps of GDP. This poses a 300 bps risk to our 9% real GVA growth forecast for FY22,” Bank of America Securities India economists said
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They also expect the Reserve Bank to come to aid by funding government’s welfare measures like resumption of free food grains to the needy in May-June.
  | Photo Credit:
AFP
“A month of nationwide lockdown costs 100-200 bps of GDP. This poses a 300 bps risk to our 9% real GVA growth forecast for FY22,” Bank of America Securities India economists said
A month-long national lockdown to arrest the spread of COVID 2.0 could shave off 100-200 bps of GDP, leading to a 300 bps risk to annual growth, a brokerage report has flagged while expressing doubts over the ability of local lockdowns to control the pandemic. ....

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