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Much work lies ahead for Boris Johnson to get Britain back on track (AFP )
Much work lies ahead for Boris Johnson to get Britain back on track (AFP )

Johnson’s bleak house Britain

  • Britain is facing immense uncertainty amid the mishandling of the pandemic and Brexit, and Boris Johnson’s government needs to urgently recapture its reformist zeal to set the country back on a recovery path.

A digital health ecosystem that can leverage data, technology and collaboration can help leapfrog India's healthcare. (REUTERS)
A digital health ecosystem that can leverage data, technology and collaboration can help leapfrog India's healthcare. (REUTERS)

The antidote for India’s healthcare woes

  • By encouraging collaboration and combining digital approaches with traditional healthcare models, India can create a powerful antidote that addresses the challenges related to access, affordability and quality of care.

Passengers wearing face masks as a preventive measures against the Covid-19 in New Delhi (AFP)
This is the fourth time that Air India flights from India have been banned by the Hong Kong government (MINT_PRINT)
The finance ministry needs to take strong measures to support demand and an economic revival, say analysts. (Mint)
The finance ministry needs to take strong measures to support demand and an economic revival, say analysts. (Mint)

India Inc seeks rate cut, fresh fiscal stimulus

  • Analysts at both Nomura and Bank of America said the finance ministry needs to take strong supportive measures to support demand
  • According to economists, the current scenario will need an aggressive fiscal response

 An employee wearing a protective face mask and face guard works on the automobile assembly line as the maker ramps up car production. (REUTERS)
An employee wearing a protective face mask and face guard works on the automobile assembly line as the maker ramps up car production. (REUTERS)

India to offer production linked incentives to boost manufacturing

  • Asia's third-largest economy is expected to contract by as much as 10% in the current fiscal year beginning April, some private economists' estimate
  • Industry and government sources said sectors such as textile and food processing manufacturers could be offered production linked incentives

FILE PHOTO: A cashier displays the new 2000 Indian rupee banknotes inside a bank in Jammu, November 15, 2016. REUTERS/Mukesh Gupta/File photo (REUTERS)
FILE PHOTO: A cashier displays the new 2000 Indian rupee banknotes inside a bank in Jammu, November 15, 2016. REUTERS/Mukesh Gupta/File photo (REUTERS)

Risky bond sales jump to 15-month high in India on stimulus

  • Issuance of local-currency corporate notes graded A+ and lower rose to a 15-month high of 51.7 billion rupees ($690.5 million) in June
  • To ease strains on corporate finances, the Reserve Bank of India since late March has funded banks’ purchase of 1.13 trillion rupees of company bonds

The Centre has set March 2021 as deadline for the one nation one ration card’ scheme.
(Photo: Reuters)
Naushad Forbes, co-chairman, Forbes Marshall,
To be sure, these loan deeds are mandatory for other types of loans as well. (Sai Sen/Mint)
To be sure, these loan deeds are mandatory for other types of loans as well. (Sai Sen/Mint)

MSME bailout hits stamp duty hurdle

  • Under the emergency credit line backed by a government guarantee, banks have sanctioned loans worth over 79,000 crore as of 20 June
  • In a meeting with finance minister last week, lenders pointed out that many of these small firms were not using the facility as they could not afford to pay stamp duty

A student takes classes online with his companions using Zoom at home during the coronavirus outbreak. (Reuters)
A student takes classes online with his companions using Zoom at home during the coronavirus outbreak. (Reuters)

Pandemic helps Zoom boom, video chat firm doubles 2020 guidance

  • The number of daily meeting participants on Zoom peaked at 300 million in April 2020, 30 times of those in December
  • The company said it will offer better encryption for paid customers though it did not commit to making it free

Finance minister Nirmala Sitharaman. (Pradeep Gaur/Mint)
Finance Minister Nirmala Sitharaman (Photo: ANI)
The cabinet committee on economic affairs also cleared the rules for auctioning coal and lignite mines for sale of these commodities on a revenue sharing basis, a note said.
A file photo of a man using his Rupay debit card to pay for purchases at a store at Ibrahimpur. Photo: Yunus Y. Lasania/Mint
MWM
Finance Minister Nirmala Sitharaman. (ANI)
Finance Minister Nirmala Sitharaman. (ANI)

'Govt to help migrants in coming back when industrial activities resume'

  • Nirmala Sitharaman said, Prime Minister Narendra Modi's vision of Atma Nirbhar Bharat is aimed at making Indian globally competitive
  • Sitharaman said a lot of companies have had queries from the workers to check if the lockdown is going to be lifted soon and when the production is likely to commence

Farmers have been finding it difficult to sell the harvest amid the curbs in the past few weeks. (Bloomberg)
Union finance minister says a lot more local job opportunities need to be created. (Photo: HT)
Union finance minister says a lot more local job opportunities need to be created. (Photo: HT)

I've done the best for India Inc: Sitharaman on stimulus package

  • Union finance minister defends lockdown and stimulus package, says government will not hesitate to take more steps to support Indian businesses
  • ‘The schemes are getting implemented, and people will have some money in their hands and start business again’

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