As part of the initiative, which is similar to what startups like Connect & Heal and Practo typically provide, qualified nurses are being trained as health entrepreneurs at the centres, which will facilitate tele-consultations through video conferencing with a panel of doctors.
Companies including Mahindra & Mahindra and Marico confirmed disruptions in rural demand amid a severe second wave of the pandemic. This may impact the countrys overall economic recovery as the revival from the lockdown-induced slump in the second half of last fiscal was mainly powered by the rural economy.
Credit card spends grow at slow pace as Covid second wave hits sentiment
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Asset quality from the unsecured segment a big worry; banks have curtailed credit limits and also cut back on new customer additions
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Mumbai: Credit card spends in the country grew by only 7.8% in the year ended March 2021, down from a jump of 22.5% in FY20, a sign that discretionary spending continues to remain elusive.
Individual banks indicated spend growth has fallen further in April and May.
“We have seen a significant decline in spends in the last 45 days, largely due to the spread of the virus and strict local lockdowns enforced across states,” the retail head of a private sector lender said. “The worrying factor is that the quality of good assets has taken a hit in this (credit card) segment, and we will go slow on onboarding new clients.”
Wholesale price index spike may hit consumer price index with lag: Economists
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India’s wholesale inflation rose to a near 11-year high of 10.5% in April, data released on Monday showed. By contrast, retail inflation, as measured by the consumer price index (CPI), eased to 4.29% in April, from 5.52% in March, remaining within the Reserve Bank of India’s (RBI) target band of 2-6% for the fifth straight month.
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Economists expect convergence in wholesale and retail inflation going ahead as higher commodity and fuel prices lead to a cost push in retail inflation.
The sharp spike in the wholesale price index (WPI) in April is likely to spill over to retail inflation with a lag, but a normal monsoon and lower food inflation may moderate the impact, economists said. Retail inflation is expected to remain in the 5-5.5% range in the near term but could pick up toward the end of the financial year, they said. The meteorological department has foreca
Suzlon Energy announced that since the Company s bank facilities / debt instruments have undergone restructuring and there has been a significant change in repayment terms, at the request of the Company, CARE Ratings has withdrawn the ratings assigned to the said facilities (which now stands restructured) with effect from 8 March 2021.
Further, a RP-4 rating has been assigned by the CRISIL and India Ratings & Research, the rating agencies appointed by the consortium of lenders, to the Resolution Plan of the Company.
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