The country of more than 270 million people is frequently struck by...
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COP27 ends with historic decision on damage fund, little progress on other issues
“The countries fell short of agreeing to a phasedown of all fossil...
Historic compensation fund approved at UN climate talks
The decision establishes a fund for what negotiators call loss and...
SC order for free Covid-19 testing may hinder fight,say experts
To beef up the infrastructure for screening, the government approved 56 laboratories for testing in addition to 136 government-run labs and set a price cap of 4,500 Indian rupees ($59.13) for every test.
The plan is to scale up to 20,000 tests in the next few days and eventually to 100,000 a day in the worse-case scenario.
But the court decision threatens to derail the plan to widen testing, said Shamika Ravi, a former member of the Indian Prime Minister’s Economic Advisory Council and a health specialist.
Coronavirus impact on Swiss Re absolutely manageable,says official
Schmid said that he expected to see an increase in demand for coverage against pandemics. But insurers’ capacity to take on such a systemic risk has limits and governments must also be involved, he said
India says lockdown has spared it from overwhelming number of coronavirus cases
WTO says global trade collapse may be worst in a generation
In an optimistic scenario, the WTO said global merchandise trade could fall 13% in 2020 and rebound 21% in 2021 — compared with a 0.1% contraction in 2019. In the optimistic scenario, gross domestic product could contract by 2.5% in 2020 and grow by 7.4% in 2021.
In a pessimistic case, the volume of global goods trade could drop by as much as 32% this year with the possibility of a 24% increase next year. In this situation, world GDP could shrink by as much as 8.8% in 2020 and expand by 5.9% in 2021.
Global economy faces a $5 trillion hit due to Covid-19. That’s more than Japan’s GDP
Although the downturn is predicted to be short-lived, it’ll take time for economies to make up the lost ground. Even with unprecedented levels of monetary and fiscal stimulus, gross domestic product is unlikely to return to its pre-crisis trend until at least 2022.
Centre launches “iGOT” training module for frontline COVID-19 warriors
Courses on iGOT have been launched for doctors, nurses, paramedics, hygiene workers, technicians, Auxiliary Nursing Midwives (ANMs), State Government officers, civil defence officers, various police organisations, National Cadet Corps (NCC), Nehru Yuva Kendra Sangathan (NYKS), National Service Scheme, Indian Red Cross Society, Bharat Scouts and Guides and other volunteers.
After virus fades, service industries may be changed forever
The pandemic is almost sure to leave a mark on the way people work, shop and socialize, perhaps permanently shifting the way many service industries operate. Consumers will think harder about the health implications of squeezing into crowded restaurants and movie theaters. More businesses will accept the effectiveness of employees who work from home, and the move to online shopping will accelerate
COVID-19 crisis can push 40 cr informal sector workers in India deeper into poverty: ILO
According to the new study, 1.25 billion workers are employed in the sectors identified as being at high risk of “drastic and devastating” increases in layoffs and reductions in wages and working hours. Many are in low-paid, low-skilled jobs, where a sudden loss of income is devastating.
Looked at regionally, the proportion of workers in these “at risk” sectors varies from 41 per cent in the Americas to 26 per cent in Asia and the Pacific.
90% of trucks in India are now off roads amid coronavirus lockdown
The world could be on the brink a food scare as the coronavirus upends supply chains and sends prices for key staples higher. Prices of rice and wheat — crops that account for a third of the world’s calories — are rapidly climbing.
Caronavirus Pandemic:India cases rise to 5,360; death toll at 164
The total number of coronavirus cases in India today hit the 5,000 mark, according to the latest figures from the Health Ministry. With 1,018 cases, Maharashtra was the worst hit state, followed by Tamil Nadu at 690 and Delhi at 576, Telangana at Telangana 364 and Kerala at 336 India