Heena Sharma Blog

Here is a round-up of articles from Indian news publications on how the country is dealing with the Covid-19 pandemic . From India’s first recession that is not driven by agri sectors, to missing-in-action Parliament, and why a study suggests blood cancer patients usually survive Covid — read these and more in today’s India dispatch. This will be India’s first recession driven by non-agri sectors: India’s economy is now set to lose 10 per cent of its gross domestic product (GDP), thanks to the after-effects of Covid-19. Eight states in India contribute to more than 50 per cent of its GDP. Within these eight states, almost 42 per cent of the state GDP is driven by areas that are now considered red zones. How is it going to play out, and what is India’s overall economic prospect looking? Read this interview with D K Joshi, chief economist of the rating agency CRISIL. Read More

Credit rating firm Crisil has postponed its 33rd annual general meeting (AGM) which was scheduled to be held later this month on April 21, due to the coronavirus pandemic . "The prevailing lockdown and restrictions on mass congregations in Mumbai, which commenced on March 21, 2020 in view of the Covid-19 pandemic, constrained the company from fully completing the dispatch of physical copies of the annual report to our shareholders," Crisil said in a regulatory filing. It also added that the current circumstances do not allow smooth and safe conduct of the AGM and keeping in mind the safety of all stakeholders, in line with the government advisories on Covid-19, the board of directors had decided to postpone the meeting. Read More