Covid-19 crisis: Here's how you can manage your finances after job loss

The lockdown has had a catastrophic impact on the revenues of Indian corporates. To conserve cash, companies are resorting to layoffs by the hundreds. Almost every day there is news of some company or the other announcing downsizing. While some are doing so to remain afloat, others are cutting down on wage cost to try and bolster their sagging bottom lines. According to the Centre for Monitoring Indian Economy (CMIE), the coronavirus crisis has pushed up the unemployment rate in urban India from under 7 per cent in mid-March to more than 27 per cent for the week ended May