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India’s GDP to grow at 11% this fiscal, surge in COVID cases may put economic recovery at risk: ADB

For FY2022, India’s GDP is expected to expand at 7 per cent, it added.
China’s gross domestic product (GDP) is forecast to expand 8.1 per cent in 2021 and 5.5 per cent in 2022. East Asia’s GDP is expected to grow 7.4 per cent in 2021 and 5.1 per cent in 2022, it said.

Further, it said the gross domestic product (GDP) of South Asia is expected to rebound to 9.5 per cent this year, following a contraction of 6 per cent in 2020, before moderating to 6.6 per cent next year (2022), it said.

ADB said the economic growth in developing Asia is set to rebound to 7.3 per cent this year, supported by a healthy global recovery and an early progress on COVID-19 vaccines. The projected resurgence follows a 0.2 per cent contraction last year.

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UN offered its integrated supply chain to help India fight Covid: Spokesman

Farhan Haq, Deputy Spokesman for the UN chief said 11 help desks and on-site counselling activities on COVID-19 prevention and business continuity were set up by the UN Development Programme (UNDP), the UN Industrial Development Organization (UNIDO) and the International Labour Organisation (ILO) and these have benefitted over 140,000 employees.

UNIDO also developed an online platform to help companies bounce back from the crisis, tailored to smaller businesses, while ILO helped over 100,000 self-employed workers to access social security measures and training on safety and health.

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White House considering intellectual property waiver for COVID-19 vaccines

Critics say waiving the WTO’s agreement on Trade-Related Aspects of Intellectual Property could reduce the safety of vaccines, and that setting up production in new places would sap resources needed to boost production in existing locations.
The United States and several other countries have thus far blocked negotiations at the World Trade Organization (WTO) about a proposal led by India and South Africa that would waive the IP rights of pharmaceutical companies to allow developing countries to produce COVID-19 vaccines.

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Maha lockdown to be extended by 15 days beyond Apr 30: Tope

In view of the alarming rise in the COVID-19 cases, the Maharashtra government on April 4 announced a weekend lockdown and restrictions on the movement of people in the night during the weekdays till April 30.

The government had also clamped other restrictions like the closure of private offices, theatres and salons to curb the unprecedented surge in the cases.

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