Day: May 22, 2020

Now is the time to be agile.

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The world is upside down. Things are chaotic right now, and rightfully so, but there are still signs of hope. Entrepreneurs and need to think outside the box to help their companies navigate these unprecedented times and hopefully to come out stronger on the other side.

Now is the time to be agile, to be willing to re-evaluate your strategies and change your , and to adapt your on the fly. I’m seeing a lot of examples right now of how are using this moment of crisis as an opportunity to grow by re-positioning their products


Bajaj Allianz Life is not expecting significant growth for the industry this year due to impact on the economy, a top company official has said.


However, the insurer said, customers, will like to buy policies online.



“I think this is a year of survival, not everybody is likely to invest (in policies) when the GDP (gross domestic product) is not likely to do good. This year will not be a year of significant growth,” Tarun Chugh, MD, and CEO of Bajaj Allianz Life Insurance, told PTI in an interview.


Chugh said the customer behaviour will change a lot, which will push companies to adapt to digital and virtual means of product selling going forward.


“I think corporates will take their own call…to take it as a new normal. A new normal means a lot


Fifteenth Finance Commission Chairman N K Singh on Friday said all options should be open to the central government in discussions with the RBI to monetise to fund the additional expenditure arising due to the pandemic.


“We need not foreclose any option,” Singh said when asked about whether the government should go for monetisation of deficit.



He said all options should be open to the sovereign in consultation with the Reserve Bank of India (RBI).


The Rs 20-trillion economic package, which includes government measures and RBI liquidity, according to experts, entailed less than 10 per cent cash outgo from government coffers.


“The overall stimulus package amounted to Rs 20,97,053 crore, that is, nearly 10 per cent of 2020-21 GDP. However, it is to be financed only to a limited extent by additional budgetary resources


The Aditya Birla Sun Life Mutual Fund (MF) has suspended fresh subscriptions to its credit-oriented schemes credit risk fund and medium duration fund, in order to avoid dilution of gains for existing investors from the expected recoveries.


“We believe there are substantial gains in our funds which would be realised by the existing investors over next few months. Since we do not wish to dilute this for existing investors by taking more money in these funds, we have stopped fresh subscriptions in the interest of investors,” the fund house said in a response.


The barring of subscriptions is effective from May 22, 2020. Apart from fresh subscriptions, switch-in applications, fresh registration of systematic plans have also been stopped in the schemes till further notice.




Meanwhile, redemptions will continue for the existing investors.


“This is a good move. The