Welcome to My Blog
Here is a masonry blog layout with no sidebarWTO 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
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
Anamika Roy Rashtrawar appointed as the MD & CEO of IFFCO Tokio General Insurance
Rashtrawar had joined IFFCO TOKIO General Insurance as a whole-time director on 1st June 2018. She spearheaded the company’s business transformation project and expanded the company’s operations in tier 2,3, 4 towns. She is a firm believer in building distribution network for increasing penetration of general insurance and simplification of business processes to make Insurance services simple for the customer
EMI moratorium fraud: banks asking customers to be alert, not to share OTP with imposters
Asking customers to protect their financial details, Axis Bank said in an e-mail to customers said fraudsters have started a new modus operandi to gain access to banking details.Imposters may contact you to help postpone your EMI payments and request you to share OTP, CVV, password or PIN related to your banking accounts, it said.
“Stay aware! If the details are shared, the fraudster can have unwarranted access to your banking information leading to financial loss. Beware of EMI Moratorium Frauds!,” Axis Bank said.
Caronavirus Pandemic:Cases rise to 6,588 , death toll at 199
The Centre on Thursday approved Rs 15,000 crore as part of India’s Emergency Response and Health System Preparedness Package to tackle the pandemic. The administration also said it has got on board 20 domestic manufacturers of personal protection equipment and had already ordered 1.7 crore kits. At its daily press briefing, the health ministry said it had requisitioned 49,000 ventilators.
RBI says coronavirus has ‘drastically altered’ India’s growth outlook
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.
China plans allowing a foreign life insurer to own more than one main business license
Coronavirus impact on Swiss Re absolutely manageable,says official
Multiple billion-dollar severe weather outbreaks affect the U.S. during March, Aon cat report
India says lockdown has spared it from overwhelming number of coronavirus cases
Insurers return part of auto premiums as coronavirus cuts driving
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.