Day: September 24, 2020

Why You Should Consider Personal Loans To Ensure Liquidity Amid Coronavirus

The unprecedented medical emergency caused by COVID-19 has starved economies of liquidity. India, too, is battling with deep financial constraints; the gross domestic product or the GDP shrunk 23.9% in the Q1FY21 ending June 30 as compared to 5.2% growth in Q1FY20, marking the sharpest quarterly contraction on record. 

In India alone, 2.62 million cases of coronavirus have been recorded and more than 64,000 people have died. The slowing economy, due to unexpected lockdowns and ambiguity surrounding a vaccine to fight the deadly virus strain, has caused great panic among Indians and that has affected everyday trade and commerce. 

Amid dampened business activity and a deep impact on people’s income as well as savings, personal loans have emerged as an easy way to meet credit requirements. Let’s understand what makes personal loans a good bet. 

Why Are Personal Loans So Attractive

A personal loan is the money that you

Read More

The Modi government says it has no data on migrant jobs lost to Covid-19

The Indian government has denied having any data that can clearly say how many migrant workers lost their jobs to the pandemic.

Three members of parliament asked India’s labour and employment ministry today (Sept. 14) “whether the government has done any assessment of the job loss among migrant workers due to the Covid-19 crisis, and if so, the details thereof.” To this, Santosh Gangwar, minister of state for the labour and employment, responded that the government maintains “no such data.”

This response (pdf) on the first day of the much-delayed monsoon session of parliament comes in the backdrop of widespread job loss, especially among India’s internal migrants. According to a World Bank report in April, India’s coronavirus lockdown impacted nearly 40 million migrant jobs in India. This was particularly exacerbated when India went into an over two-month harsh lockdown on March 25, one of the strictest in the world.

India’s

Read More

Best homeowners insurance companies 2020

Purchasing a home is a big investment, so having home insurance is essential. But before you purchase a policy, there are a few things to consider. First, you need to find a provider with excellent financial strength, great customer service and good policy options. Then, you’ll have to decide what type of coverage you need – and how much.



a man and a woman standing in front of a building: home owners insurance


© MoMo Productions/Getty Images
home owners insurance

To help you find the right insurance for you and your home, we created a list of the best home insurance companies of 2020. To rank these companies, we searched ratings and reviews from third-party research firms, including Consumer Affairs, J.D. Power and AM Best.

Whether you’re looking for a simple shopping experience, the top-rated coverage or the cheapest bundles, there’s a company out there for you. With the COVID-19 pandemic still affecting how much time we’re all spending at home, protecting your sanctuary

Read More

Helicopter money from the Bank of Canada is a bad idea



Some say the Bank of Canada should “go direct” and deliver money directly to households as transfers.


© Provided by Financial Post
Some say the Bank of Canada should “go direct” and deliver money directly to households as transfers.

Looking for more tools that the Bank of Canada can use to help our COVID-stricken economy recover, some observers argue for “going direct,” having the Bank of Canada “print money” and deliver it directly to households as transfers. In our view, that is a bad idea.

Broadly speaking, the Bank of Canada can “go direct” in two ways. One is to transfer extra funds directly to the general public — a technique often described as a “helicopter drop.” Imagine squadrons of helicopters flying over the country dropping cash out their loading bays. In fact, neither helicopters nor, for the most part, cash would be involved: rather, the Bank of Canada would send people cheques or make direct deposits into their bank accounts — a one-for-one, dollar-for-dollar combination of

Read More