External Affairs Minister (EAM) S Jaishankar at Virtual Ministerial Meeting of Alliance for Multilateralism said the pandemic has devastated our globalized economic system. Apart from taking a toll of over 4,00,000 lives, it has fundamentally affected the way we live, work, travel.
The report's estimates are based on the International Monetary Fund's projections of a deeper recession in 2020 and a slower recovery in 2021.
India's economic recovery is more likely to be a 'U' or 'W' shaped rather than 'V' as the impact of COVID-19 will be profound on a nation that was already struggling for growth prior to the pandemic, analysts said.
Jharkhand Chief Minister Hemant Soren on June 9 slammed Centre for not helping the state during the pandemic. He said that Centre should help weaker states at the time of crisis.
The government is clear and unapologetic about privatisation of public sector enterprises as part of reforms, Principal Economic Advisor Sanjeev Sanyal said on Friday.
Local traders and industries of Kashmir Wednesday demanded a comprehensive economic package to revive businesses in the union territory, saying they have suffered losses since August last year.
Appearing on a television show, Akhtar also claimed he didn’t see the Pakistan Super League (PSL) taking place for the next 16 to 18 months.
Benchmark indices continued their winning run for the fifth straight session on Tuesday as staggered opening of the economy and the prime minister assuring of more support to the industry restored investor confidence.
India will emerge stronger from multiple crises of economy, pandemic and super cyclone in the next 6-9 months, say industry leaders, based on the resilience shown by people, businesses and the government.
Prime Minister Narendra Modi on the first anniversary of his second term in office released an audio message of his address to the nation in which he listed out his government's achievements in the past one year, challenges it faced, talked about making India a self-reliant nation 'Atma Nirbhar Bharat' and how the country is putting up the fight against coronavirus.
NZC is expecting "significant reduction" in revenues for the current financial year compared to 2018-19 with the global health crisis forcing a cricket shutdown and also putting doubt on the international calendar.
Mahindra Group Chairman Anand Mahindra on Monday said lockdown extensions are not just economically disastrous but also create another medical crisis.
Union Finance Minister Nirmala Sitaraman on the announcement of 'Economic Package' for COVID-19 pandemic said that a comparison was made of all announcements made by different countries to see what their package consisted of.
A meeting of a Group of Ministers will take place at the residence of Defence Minister Rajnath Singh at 5 p.m. on Saturday. This is the second such meeting of the ministers in six days. The last one was held on May 18.
Economist Nouriel Roubini has warned of a prolonged downturn and sluggish recovery from the coronavirus. Nicknamed Dr Doom for his gloomy predictions, Professor Roubini said there are some jobs that simply will not come back after this crisis, the BBC reported on Friday.
Moody's Investors Service said on Friday that economic damage as a result of India's coronavirus lockdown will likely be extensive and reflect the country's inherent economic vulnerability and fiscal constraints.
The Finance Minister, Nirmala Sitharaman reacted sharply on the comments made by Congress over the COVID-19 economic package announcement.
New Delhi, Hyderabad, Karnataka, Prayagraj, Bengaluru, COVID-19
Goa CM said that they are considering to resume restaurant services for home delivery, public transport services within the state.
Chief Minister Ashok Gehlot welcomed the government's economic package on MNREGA package but added that if beneficiaries will get money after a month then what's the use.
Top News
Latest News
