General Trading Chat

siddhant4u

Well-Unknown Member
PM says that the Garib Kalyan yojna will be extended till mid-november, after Diwali. The poor will be given free rations, perhaps till Bihar elections.

One national ration card will be implemented.

Maybe this is why the light bills are seeing a raise :)
so govt expect conditions for poors/migrants will be difficult till Nov... :(
 
This number has jumped up bcos of the working class labour out of work.

Precovid numbers aren't there exactly but if you infer from world bank data, it has more than doubled.
Precovid, postcovid, asymptomatic, mild/moderate/severe etc.. They will keep coming with newer terminologies to keep everyone in suspense and waiting, till the last bull gives up.
 
Whom to believe?
India’s lenders were recovering, until coronavirus set them back by years; NPAs to jump this fiscal
India’s banking sector, after a series of reforms, was finally treading on the path of recovery where it was getting a grip of the bad assets and bringing credit costs in control, however, the coronavirus pandemic has dealt such a blow to the sector that recovery is now a distant dream.

https://www.financialexpress.com/in...-in-non-performing-loans-this-fiscal/2008755/
 

siddhant4u

Well-Unknown Member
Whom to believe?
India’s lenders were recovering, until coronavirus set them back by years; NPAs to jump this fiscal
India’s banking sector, after a series of reforms, was finally treading on the path of recovery where it was getting a grip of the bad assets and bringing credit costs in control, however, the coronavirus pandemic has dealt such a blow to the sector that recovery is now a distant dream.

https://www.financialexpress.com/in...-in-non-performing-loans-this-fiscal/2008755/
recovery will take long time. Some from industry were believing that people will start spending immediate after lockdown opens, take loans from bank and spend the borrowed money with NBFCs or banks.

However in developed countries (where covid attacked first) it is seen that households are saving ! so Credit Card expense went down, bank deposit went up. if this happened in UK, Indians are more financial savvy and won't be spending.



https://www.ft.com/content/f3640c3a-1a4e-4d37-8226-b773db49ddea
 
recovery will take long time. Some from industry were believing that people will start spending immediate after lockdown opens, take loans from bank and spend the borrowed money with NBFCs or banks.

However in developed countries (where covid attacked first) it is seen that households are saving ! so Credit Card expense went down, bank deposit went up. if this happened in UK, Indians are more financial savvy and won't be spending.



https://www.ft.com/content/f3640c3a-1a4e-4d37-8226-b773db49ddea
Yeah. People have lost the heart to spend. Can't say when the animal spirits will be back, if ever.
 

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