Covid 19

A lot of times, people struggle to pay for their hospitalization expenses due to a lack of insurance coverage. Many people often exhaust their savings or sell off their valuable assets to pay for hospitalization expenses. Healthcare treatment costs are growing exponentially by at least 15 per cent year on year. COVID-19 expenses are no less and can go upwards of Rs 5 lakh. This makes it important to have insurance cover.

If you wish to avail the moratorium announced by the RBI for term loan EMIs and credit card dues for the next three months, from June 2020 to August 2020, then you need to take action quickly.

The Reserve Bank of India recently announced an extension of the 3-month moratorium given to borrowers due to the uncertainties caused by the Covid-19 outbreak. Initially, the RBI had announced the moratorium from March 2020 to May 2020.

The coronavirus is a family of viruses that can cause a range of illnesses in humans including the common cold and more severe forms like SARS and MERS which are life-threatening.

In India, MSMEs contribute nearly 30 per cent of India’s gross domestic product. There are about 6.33 crore unincorporated MSMEs primarily engaged in non-agricultural economic activities.

The coronavirus pandemic is starting to have a significant impact on Indian businesses and has already caused an unprecedented collapse in economic activities over the last few weeks.

Covid-19 or Coronavirus pandemic has hit the world’s economy hard and may result in a hole in the pockets of many. The Indian economy is seeing a downfall as the ongoing pandemic has impacted the growth of almost every sector.

The coronavirus pandemic is slated to have a significant impact on Indian businesses and has already caused an unprecedented collapse in economic activities over the last few weeks. A recently conducted industry survey said that businesses are grappling with tremendous uncertainty about their future.

In view of cash flow and income disruption due to the ongoing COVID-19 pandemic, RBI has announced the extension of the Moratorium period for up to 31st of August. Although it will ease the repayment worries for the borrowers, it will certainly increase the debt burden as they will need to repay with additional interest on the outstanding loan amount

During these challenging times, the health and safety of your families are your top-most priorities. With that said, there's another pressing issue that is posing enormous difficulties for people across economic segments.

The Covid-19 pandemic has gripped the entire country, and its impacts are seen across all sectors. From large multinational corporations to micro, small and medium enterprises, the Coronavirus outbreak has caused all economic activities to sputter to a halt.

India has imposed a nationwide lockdown to curb the spread of the Covid-19 pandemic. Though banks are still operating, they have implemented several safety measures to protect their staff and customers.

The Reserve Bank of India (RBI) recently allowed banks in the country to provide a three-month moratorium on fixed-term loan and EMI payments to help millions of people with bank dues during the novel coronavirus pandemic.

With India being in lockdown currently to contain the spread of COVID-19, the Reserve Bank of India has announced several measures, to tide over the economic fallouts.

The ongoing Coronavirus pandemic has brought the whole world to a standstill. With more than 1600 cases in India, the entire country is in lockdown. With factories shutting down production, hotels, malls, restaurants and other entertainment complexes closed, millions of Indians find themselves facing a massive economic crisis on top of the ongoing health crisis.

The Coronavirus pandemic has forced the entire nation to go into lockdown mode. Millions of Indians are struggling to make ends meet as they find themselves on the verge of losing their job or having to do with reduced salaries and incomes.