Rural consumption slowed in financial year 2021, largely due to a rise in the number of Covid-19 cases in rural areas and consequent lockdowns, according to a report by Motilal Oswal Institutional Securities.Balram Singh Yadav, Managing .
Coromandal International Donates Rs 2 Crore To CMRF For COVID Crisis May 27, 2021, 10:43 IST
AMARAVATI: Several companies and corporate enetities are coming forward to help Andhra Pradesh with the ongoing COVID-19 crisis and donate either in cash or by providing equipement and necessary medicines and related suppport to help in the panademic. Coromandal International Limited (formerly Coromandal Fertilisers) contributed Rs 2 crore to Chief Minister Relief Fund towards COVID containment measures.
Coromandal International Limited Managing Director Sameer Goyal and Vice President ( Corporate Relations) K Satyanarayana handed over the cheque to Chief Minister YS Jagan Mohan Reddy at the Camp Office here on Wednesday. State Agriculture Minister Kurasala Kannababu was also present.
The Straits Times
In Jakarta, the finance ministry has offered more tax cuts to spur economic activity.PHOTO: AFP
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Asia’s surging coronavirus infections and slow pace of vaccinations is testing the limits of what central banks can do to further support what, until recently, had been the world’s stand out economic recovery. With interest rates already low, the likely policy response will center on more government borrowing, relegating central banks to a supporting role. That backdrop will overshadow decisions this week where policy makers are expected to keep rates on hold Indonesia, South Korea and New Zealand. “In my view, there is little room for further monetary policy stimulus, at least in terms of traditional policy levers like interest rate cuts,” said Tuuli McCully, head of Asia-Pacific economics at Scotiabank. “I expect additional fiscal stimulus to play a key role in helping economies.”