Hi Shruti, I didn't compare it to Tally, because it is a product used by chartered accountants and not the merchants themselves in most cases, and it is used by stores that have more turnover than the stores that today use Khatabook.

Arundhati Ramanathan

Thank you Tejasvi, fixed the error.

Arundhati Ramanathan

We write what it is, as it is, Gaurav. Zerodha is the largest stockbroker and has faced its share of tech challenges, so we naturally we picked the company.

Arundhati Ramanathan

As some of the readers here helped point out, a lot of new accounts were created in this period, Kardam. So these companies grew the market.

Arundhati Ramanathan

Mr Pareek, I don't understand the reason for your comment, but let me anyway explain. The global stock market is going through its most volatile period it has ever seen. As a cutting-edge business publication, it is important, nay, paramount to chronicle how stockbrokers-- who are a crucial part of this ecosystem are reacting to this--unprecedented event in our lifetimes. We have to tell readers what is at stake, and what the future of this can look like. That's what our story today is about. Hope that answers your question.

Arundhati Ramanathan

Hi Malvika, IRDAI has said whichever policy covers hospitalisation, they should handle Corona claims expeditiously. So that's in effect all insurance policies.

Arundhati Ramanathan

Hi Ashwin, this is for health insurance.

Arundhati Ramanathan

Hello Mayur, thanks for reading. Here is the source for the 44% figure, even insurers state this figure: https://www.livemint.com/Money/YopMGGZH7w65WTTxgPLoSK/56-Indians-still-dont-have-a-health-cover.html. Also, the 80% number is not from mine or someone else's imagination but based on the data that insurers are seeing in India. It was the figure quoted by senior executives seeing this first hand based on their claims. When someone gets hospitalised for symptoms of Covid, 5.5 days is the average duration of hospital stay for mild cases. You could argue the data sample is too less as of now, but that's the issue with Covid. The sample-set keeps evolving, and we can only capture the here and now, for now.

Arundhati Ramanathan

Hi Shriyansh, this article does a good job of explaining what went down: https://www.livemint.com/Companies/HywqWHG70EMMhh8efWx8uL/Entering-credit-card-biz-with-nonbanking-firms-gets-tougher.html

Arundhati Ramanathan

You are right, Sunil. Oh, we have written about both ventilators and testing :) ICYMI: https://the-ken.com/story/iit-kanpur-others-race-covid-19-clock-to-build-ventilators-for-india/ and https://the-ken.com/story/chaos-covid-19-tests-icmr-strategy/

Arundhati Ramanathan

Hi Manas, thanks for reading. The sources we are quoting are those who were in the thick of things, they are not just anyone who works in financial services. SBI Card does not issue debit cards. Plus all the big bang BBD discounts were all credit card deals struck with different banks. The point you are referring to was in the context was how they ran this as a private company. Please see it in that context.

Arundhati Ramanathan

You are right, Aman. SBI got Rs 2,800 cr out of the Rs 10,000 cr. SBI Cards got about Rs 500 cr and the rest went to Carlyle. We have corrected it, now. Thanks for pointing it out.

Arundhati Ramanathan