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by the way what abt 5 trillion economy ? as usual jumla ???
We are already there. WHO has revised the definition of trillion. Now since rich and poor are all alike, similarly a thousand and million and billion and trillion mean the same thing - zero :)
 
Covid-19 cases get into four figures.

1585411115382.png


I guess now slowly the reality of the pandemic will start sinking in.
 
This is something new, unexpected and disturbing.

RBI's 3-month moratorium: Higher interest if you defer EMI payments
3 min read . Updated: 28 Mar 2020, 03:48 PM ISTIANS
  • RBI Governor Shaktikanta Das on Friday announced a three-month moratorium on EMIs of all term loans due during March 1 to May 31
  • As of January-end, over ₹13 lakh crore of housing loans and ₹2 lakh crore of auto loans were outstanding, data with the Reserve bank of India shows
https://www.livemint.com/industry/b...if-you-defer-emi-payments-11585390062828.html
 

siddhant4u

Well-Unknown Member
This is something new, unexpected and disturbing.

RBI's 3-month moratorium: Higher interest if you defer EMI payments
3 min read . Updated: 28 Mar 2020, 03:48 PM ISTIANS
  • RBI Governor Shaktikanta Das on Friday announced a three-month moratorium on EMIs of all term loans due during March 1 to May 31
  • As of January-end, over ₹13 lakh crore of housing loans and ₹2 lakh crore of auto loans were outstanding, data with the Reserve bank of India shows
https://www.livemint.com/industry/b...if-you-defer-emi-payments-11585390062828.html
This is really bad news for indian banks. imagine Mudra loan to small industries, where borrower couldn't pay the loan (due to closing of business). He is definitely going to default on loan there is no way owner will be able to repay couple of months even after opening biz when corona goes away..
 
I think that it's time for the PM to again address the nation - for updates and reassurance. I think that he should do it regularly now, every 2-3 days.
 
Covid-19 cases get into four figures.

View attachment 41177

I guess now slowly the reality of the pandemic will start sinking in.
there are many different trackers running in currently best is to go with ICMR. not saying is fudged or not real but at this time, it's best to go with some official resource (even though there is high chance of fudging)
 
Soon, over the next week, the "essential items" shops will start closing down. They are at high risk of catching infection, and also, there are no supplies from the back end.

What is happening to the economy is equal to stubble burning by the farmers.
 
No data is available on the number of tests conducted by various countries, is there ?

India reported its first case on the same day as Italy. The virus could be as widespread here, given the time it has stayed in India.

1585470409997.png


https://www.worldometers.info/coronavirus/
 

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