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Coronavirus Pandemic: Experts peg lockdown cost at $ 120 billion

by AIP Online Bureau | Mar 25, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

Mumbai: Pegging the cost of the Covid-19 lockdown at USD 120 billion (approximately Rs 9 lakh crore) or 4 per cent of the GDP, analysts on Wednesday sharply cut their growth estimates and stressed on the need to announce an economic package.   The Reserve Bank of...

Life insurers keep faith in India stocks amid coronavirus mayhem

by AIP Online Bureau | Mar 25, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  Mumbai: Investment chiefs at two Indian life insurance companies are keeping money in stocks despite selling by overseas funds that has put the nation’s benchmark index on course for a record monthly decline.   The S&P BSE Sensex has plunged 30%...

India’s huge outsourcing industry struggles with work-from-home scenario

by AIP Online Bureau | Mar 25, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

NEW DELHI/BENGALURU: As the coronavirus pandemic pushes India into a lockdown, the call centers and IT services firms that function as the world’s back office are struggling to piece together work-from-home solutions and other business-continuity plans.  ...

Amid worsening pandemic, Trump pushes to re-open U.S. for business by Easter

by AIP Online Bureau | Mar 25, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

WASHINGTON: U.S. President Donald Trump pressed his case on Tuesday for a re-opening of the U.S. economy by mid-April despite a surge in coronavirus cases, downplaying the pandemic as he did in its early stages by comparing it to the seasonal flu. Trump and his...

Govt monitoring availability of essential commodities in market: Paswan

by AIP Online Bureau | Mar 25, 2020 | Disaster & Management, Health, Indian News

  New Delhi: Union Food Minister Ram Vilas Paswan on Wednesday said the government is monitoring the availability of essential commodities in the market amid nationwide lockdown for next 21 days to check the spread of coronavirus outbreak.   Paswan warned...
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