Updates from the world of economy, markets, and finance
The performance of the benchmark stock indices this morning suggests investors aren’t very impressed by the Centre’s economic stimulus package.
US Federal Reserve Chairman Jerome Powell has warned that the economic recovery in the US after the coronavirus pandemic will turn out to be a long one.
E-commerce companies may resume full services from Monday
The wait may be over for e-commerce companies whose operations have been hit hard by the lockdown.
PTI reports: “E-commerce companies are likely to resume full services across most parts of the country from Monday under the fourth phase of the lockdown that allows greater relaxations, although industry watchers say they are waiting for states’ decision on the matter.
According to the latest Union Home Ministry’s order, “all other activities will be permitted, except those which are specifically prohibited” under the fourth phase of the lockdown that ends on May 31.
However, in containment zones, only essential activities will be allowed. States and union territories – based on their assessment of the situation – may prohibit certain other activities in various zones or impose such restrictions as deemed necessary, the order added.
Emails sent to Flipkart and Amazon India did not elicit a response.
Srinivas Mothey, Senior Vice President of Paytm Mall, said the move will help the company deliver to most of the metro cities which were in the red zones.”
Paying off loans, investing in SIPs will equip one to deal with financial turbulence
Credit card as a payment mechanism is not bad if the full bill is settled. However, if the bill is only paid in part, with the rest to be settled over a period of time, the demon will celebrate as it will make one’s life miserable.
All kinds of loans cause obstacles in wealth creation. This does not mean we should not borrow. Instead of staying in a rented house and paying rent, it is better to go for a home loan and pay monthly instalments in the form of EMIs. Similarly, if someone is ill in our family and there isn’t sufficient health cover, we have to borrow.
Borrowing for funding daughter or son’s education is also justifiable, but having borrowed, pay off the loan at the earliest.
With inputs from The Hindu