Banks face challenging times
With the loan moratorium coming to an end, the deadline for restructuring proposals is fast approaching and with the possible lifting of the asset quality standstill, banks’ financials are likely to be impacted in terms of asset quality and future income, the Reserve Bank of India said. The details are here.
Coronavirus Check
New virus variant reaches India
India has become the latest country to report cases of new COVID-19 strain of that was first reported in the UK. The strain has tempered coronavirus vaccine optimism as experts believe that the mutant virus is potentially more transmissible. Read here to know more.
Tech Tattle
Tesla to enter India soon
Tesla is finally coming to India with their electric cars. If things go well, there will be a lot of electric cars on the streets very soon. The government says the electric car manufacturer would be arriving in India in ‘early’ 2021. This piece has all the details.
Your Money
Co-pay clause in insurance: The hidden catch
Does the co-pay clause in an insurance policy help policyholders? In a way, yes. The co-pay ratio in health insurance policies can lower your premiums. But it also adds to your out-of-pocket expense. Read this column to know more about the co-pay clause.
Tailpiece
Gold-plated burgers, anyone?
A fast-food outlet in Colombia’s Bogota has launched a special burger that comes with layers and layers of meat and cheese and a 24-karat gold foil plating. The restaurant describes the pure gold-plated burger as “a brioche burger bathed in 24-karat gold”. Read here.
