Day: March 24, 2020

Five immediate, actionable steps for ensuring your business stays afloat despite chaotic times.


5 min read

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The following article is written by Ben Angel. Author of the book, Unstoppable: A 90-Day Plan to Biohack Your Mind and Body for Success. Buy it now from Amazon | Barnes & Noble | iBooks | IndieBound. And be sure to order The Unstoppable Journal, the only journal of its kind based on neuroscience, psychology and biohacking to help you reach your goals.

The economy is like a roller coaster ride right now, and with it, a sense of dread, fear and uncertainty is reigning supreme. When it comes to managing the economic fallout, we have to factor in the data and focus on building emotional resilience, so we don’t make irrational decisions based out of fear that we will


Interest rates on small savings schemes may be reduced from the April-June quarter. News reports suggest the government is contemplating this step to facilitate faster transmission of interest rates, thereby assisting an economy that is rapidly approaching stall speed in the wake of lockdowns triggered by the COVID-19 pandemic.


Experts are of the view that a cut in small savings rates has become inevitable. “Thirty-eight central banks have already cut rates, 11 of them twice. The Reserve Bank of India will also follow suit. We are likely to be in a low-rate regime for some time, so small savings rates are also bound to come down,” says Ankur Maheshwari, chief executive officer, Equirus Wealth Management.



While banks have been cutting fixed deposit (FD) rates, small savings rates have not been revised for some time, and that has created an abnormal differential


The Central government has asked the state governments to ensure that the cash logistic companies and bank staff do not face disruption while travelling for work as most of the country is in a state of lockdown to prevent the spread of the


To ensure that customers do not face difficulties in withdrawing cash from their nearby ATMs, Finance Minister Nirmala Sitharaman on Tuesday announced public sector banks (PSBs) will not charge additional fee for withdrawing money from the ATMs through debit cards for next three months. The government has separately told the banks to ensure availability of adequate cash in ATMs.



Banks offer five free ATM transactions for withdrawal of cash and beyond that, they charge up to Rs 20 per transaction (the fee varies from bank to bank). While the FM’s announcement was made for PSBs, the Indian


Mandis in Maharashtra and Gujarat are grappling to continue business for daily need essentials such as fruits, vegetables and food grains amidst curfew over outbreak, while smaller commodities like spices have decided to remain close till March 31. In north India, vegetable mandis are also complaining in line with western India of lower offtake down the line following curfew.


Maharashtra government has also reassured that all vegetable shops and kiranas will remain exempted. The issue of workers and traders safety and health are being addressed with sanitisation.



Vashi mandis in Navi Mumbai will be closed, including vegetables and grains due to curfew. Spices, dryfruit are closed till 31 while onion potato section there will operate alternatively, said sources.


Most have issues of safety of traders and workers and arhatiyas coming there which causes big gathering. “In a meeting with