Indian

COVID-19 school closure may cost over USD 400 billion to India, cause learning losses: World Bank

Oct 12, 2020

“Temporary school closures in all South Asian countries have had major implications for students. They have kept 391 million students out of school in primary and secondary education, further complicating efforts to resolve the learning crisis,” said the report.

Freeport does a balancing act as world’s biggest gold mine grapples with COVID-19

Oct 11, 2020

“We’ve put the priority and the health of our workers and community at the top of our list,” Freeport McMoRan Chief Executive Richard Adkerson told Reuters. “From the outset, we recognized that (Grasberg) was a particularly vulnerable place due to the size of the workforce” of nearly 30,000 people.

Major ports’ cargo traffic falls for 6th straight month; logs 14% drop

Oct 11, 2020

India has 12 major ports under the control of the central government — Deendayal (erstwhile Kandla), Mumbai, JNPT, Mormugao, New Mangalore, Cochin, Chennai, Kamarajar (earlier Ennore), V O Chidambarnar, Visakhapatnam, Paradip and Kolkata (including Haldia).

Worst is over, economic recovery faster than expected: HDFC CEO Keki Mistry

Oct 11, 2020

The veteran financial sector player also said that most of the job losses during COVID-19 were confined to low-income workers and the job losses for the kind of people who borrow money were not alarming.

The non-performing individual loans could be in the range of 2.5-4 per cent, which is also the extent of loans that the RBI has allowed to restructure, Mistry added.

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