Many of the workers had taken payments of March and April and still they had left for their homes
While these measures will help ease asset risks for the financial sector, they will not fully offset the negative impact from the coronavirus outbreak, Moody's said
The fee rebate has been declared following Finance Minister Nirmala Sitharaman's several announcements to rescue the ailing MSME sector
The bulk of Ms Sitharaman's proposals addressed supply problems, with only occasional and cursory references to demand, mostly as an afterthought
The small relaxations in the lockdown since April 20 have not had any positive impact on the unemployment rate, yet
Markets may be disappointed in the short term, as not sufficient steps have been take to revive demand
Want cash dole for poor, I-T cut to create demand
If the revival package doesn't work, high stock market valuations cannot be sustained
Going ahead, the government could design specific schemes to help MSMEs modernise technology and obtain quality certification
The assurance given by the finance minister that benefits given to MSMEs will not be withdrawn if they grow in size may solve this problem to an extent
The fifth and last set of measures focuses on MGNREGA, health and education (rural and urban), businesses, decriminalisation of Companies Act, etc
Policy predictability and an unambiguous long-term blueprint are essential for private investors
Plans will cover farmers, MSME, street vendors, among others; state seeks to attain self-reliance on the basis of these plans to be drafted under the aegis of central package announced by PM Modi
The real concern is whether some of the relief measures announced on May 13 and 14 will actually materialise
Here's a selection of Business Standard opinion pieces of the day
Only PSUs can raise money cheaply today since it is assumed that the government won't let them default
The second package focuses mostly on support to businesses, especially MSMEs
KSIDC will offer a moratorium on loans and interest to all operating units for three months without penal interest. The Corporation will also offer loans above Rs 50 lakh to MSMEs
On the sectoral front, barring FMCG and pharma, all the indices on the NSE traded weak. Global cues, too, dented sentiment
Govt measures will also help to kick-start financial activity during the pandemic, says TVS Motor chairman