About this episode

The episode discusses the government's credit guarantee scheme in response to the West Asian war and the impact on various sectors, including aviation and electric vehicles, while also addressing changes in credit card benefits.

The government is preparing a Rs 2.5 lakh crore credit guarantee scheme to support sectors such as aviation and MSMEs hit by the West Asian war. Airlines have warned of severe stress as fuel costs rise, while the UAE’s exit from OPEC and OPEC+ could reshape global energy markets. Despite this uncertainty, EV demand remains robust, with electric car sales jumping 47% and two-wheeler registrations rising 28% in April. Sun Pharma, after its record Organon acquisition, plans to seek RBI approval for foreign remittance exemptions tied to corporate guarantees. Markets regulator Sebi is also considering a uniform framework for options strike prices to improve trading efficiency. Meanwhile, banks are cutting credit card perks, with airport lounge access among the first benefits to be capped.

Topics covered

• government relief package
• credit guarantee scheme
• aviation sector support
• electric vehicle demand
• credit card benefits
• market regulations

Keywords

• credit guarantee scheme
• aviation
• MSMEs
• electric vehicles
• credit card perks
• market regulations

Mentioned in this episode

Organizations: Sun Pharma, RBI, Sebi

Products: credit card, electric car, two-wheeler

Places: UAE, OPEC

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