As lockdowns have shut banks and money-transfer offices, marooned migrants couldn't send money home.
The trajectory of Wuhan’s economy shows post-virus recovery will be rapid on a two-track path, expert says.
As a fast rising power, China is growing more assertive and jostling with many countries.
Covid-19 battered India's economy is projected to contract by 4.5 per cent this fiscal, said the International Monetary Fund. In the World Economic Outlook (WEO) forecast report, the IMF said that India's economy is expected to contract on the back of a longer lockdown and a slower recovery than anticipated in April.Accordingly, the country's economy will contract in FY21 from an expansion of 4.2 per cent in FY20. In terms of calendar year 2020, the economy is expected to contract by (-)4 .9 per cent.Coronavirus impact: IMF predicts India's economy to contract by 4.5% in FY21
Creating jobs will be critical to cementing any upswing. More than one in six people stopped working.
As the world is undergoing the impact of Coronavirus, the IMF has revised its global GDP growth estimate. ET Wealth studies how India is placed in this scenario.
The prolonged lockdown along with rain and hailstorm in many regions has heightened rural distress, pushing anxious villagers to moneylenders — a situation which farm leaders say can trigger agitations and suicides unless farmers get quick relief.
The economy had already been weakened by years of mismanagement before this crisis struck.
'The Elder Story: Ground Reality during Covid 19' was released on the occasion of the World Elder Abuse Awareness Day on Monday. It was conducted by HelpAge India, which surveyed 5,099 elders across 17 states and four Union territories.
The Covid recession is the first since 1870 to be triggered solely by a pandemic, World Bank president said.
Dentsu Aegis Network APAC CEO and India chairman Ashish Bhasin said business has improved month-on-month since May. “The business was down by almost 65% in April as compared to the same month last year. There has been a gradual improvement every month
Airborne transmission could be the dominant route for spread of COVID-19.
World leaders must not politicize the coronavirus pandemic but unite to fight it, the head of the World Health Organization warned Monday, reminding all that the pandemic is still accelerating and producing record daily increases in infections.
Women bear the brunt of Covid outbreak at the workplace, more likely to be furloughed and lose jobs as compared to men
School closures during lockdown have exacerbated the situation because more women than men tend to care for children.
It's a 'make-or-break' summer for tourist destinations around the world; survival looks bleak with shut hotels, few visitors
The annual influx of visitors is a concern for tourist spots around the world.
Agriculture and allied activities are expected to grow 2-3% in the ongoing fiscal year, on the back of favourable government policies and forecast of a normal monsoon, after a 4% expansion in fiscal 2020. Overall, the economy is forecast to contract up to 7% in fiscal 2021, indicating a deep decline in industry and services.
Growth is expected to come in at 5.2 percent next year and 3.3 percent in 2022,European Central Bank chief Christine Lagarde said
Modi cited the example of Punjab to impress upon micro-containment to fight the virus.
While acknowledging the “significant progress” made in India’s health system over the years, the World Bank Group on Health, Nutrition and Population is said to have noted in its presentation that there were “large, persistent health gaps among states” and that Covid-19 had exposed those.
New Delhi, Apr 20(ANI): Reliance Foundation has scaled up its meal distribution programme under Mission Anna Seva to provide over 3 crore meals to marginalised and under-resourced communities across India. Under the programme, Reliance Foundation is providing cooked meals, ready-to-eat food packets and dry ration kits to families and bulk ration to community kitchens. The entire staff of Reliance Foundation is working together in the mission on a war footing to ensure that no Indian goes hungry during the lockdown period. RIL has contributed Rs 535 crore to various relief funds, including Rs 500 crore to the PM-CARES Fund. COVID-19 lockdown: Reliance to provide meals for 3 crore Indians
The number of new COVID-19 cases in the United States is hitting levels not seen since the early part of the pandemic in April.
Hopes that nations might set aside their differences to combat the coronavirus crisis have largely evaporated.
Kerala govt report estimates a loss of about Rs 80,000 crore in GVA to the Kerala economy in Q1 (Apr-Jun) of 2020. For March, the shortfall in GVA could have been roughly Rs 29,000 crore. The direct and indirect losses in gross state value addition (GSVA), based on an input-output model, is estimated to be 10% in 2019-20 and 20% in 2020-21.
In a special report on the impact of the virus, the Organization for Economic Cooperation and Development said Monday that the world economy is still expected to grow overall this year and rebound next year. But the OECD lowered its forecasts for global growth in 2020 by half a percentage point, to 2.4% - and said the figure could go as low as 1.5% if the virus lasts long and spreads widely.
In a blog posting on the Bank's website, the officials said the preliminary baseline scenario forecast a "grim" 2% drop in economic output in developing countries - the first contraction in these economics since 1960.
New Delhi: Uttar Pradesh Chief Minister Yogi Adityanath's father, Anand Singh Bisht, died this morning. Mr Bisht who was admitted to the All India Institute of Medical Sciences (AIIMS) in Delhi last month due to kidney problems died at 10.44 am.UP CM Yogi Adityanath not to attend father's last rites amid COVID-19 lockdown challenges
Former Chief economist at Goldman Sachs, Jim O'Neill discusses the impact coronavirus on world markets. He insists on the need for collective efforts at G20 level to cope up with the outbreak. Listen in!Jim O'Neill on coronavirus and it's impact on world markets
New Delhi, Apr 20 (ANI): Amid extended nationwide lockdown to curb the spread of COVID-19, many patients and their attendants are left stranded outside prestigious All India Institute of Medical Science (AIIMS) hospital in a night shelter due to lack of amenities. Patients those who were scheduled for appointment prior to implementation of lockdown are now nowhere to go as they don’t have access to transportation and basic amenities which force them to accommodate in a night shelter. For these people, life has come to a standstill and left with nowhere to go as they hope for relaxation from the lockdown to move ahead in life. Prime Minister Narendra Modi has extended nationwide lockdown till May 03. COVID-19 lockdown: Lack of basic amenities force patients to stay in night shelters in Delhi
New Delhi, Apr 12 (ANI): Massive crowd was seen at a vegetable market in Delhi on April 12 amid nationwide lockdown in the wake of coronavirus pandemic. Delhiites were seen violating norms of social distancing while purchasing vegetables. On April 11, District Magistrate North directed DCP North West and Secretary APMC took all necessary measures to ensure social distancing protocol is followed at Azadpur Mandi and took strict action against those violating norms. There are total 903 confirmed cases of coronavirus in Delhi including 14 deaths. According to the Ministry of Health and Family Welfare, the total number of COVID-19 active cases surpassed 7,000 in India with over 240 deaths.COVID-19 outbreak: Delhiites violate ‘social distancing’ norm at Azadpur Mandi
UN's trade body, however, did not give a detailed explanation as to why and how India and China will be the exceptions as the world faces a recession and loss in global income that will impact developing countries. Further, given the deteriorating global conditions, fiscal and foreign exchange constraints are bound to tighten further over the course of the year.
With revenues nosediving due to Coronavirus lockdown, how will states recover and jump-start the economy? Here's a report from ETNOW's Ruchi Bhatia.Lockdown impact: Here's how states are planning to jump-start economy, ET NOW report
Confirmed coronavirus cases in India shot well past the 15,000 mark today, Health Ministry data updated at 8 am showed.The number of cases in the country stands at 15,712 at the moment. Casualties number 507 till now, while 2,231 have been listed as cured/discharged/migrated.As of 9 pm yesterday, a total of 3,72,123 samples from 3,54,969 individuals had been tested for the virus, according to latest data at Indian Council of Medical Research (ICMR) website.India now has over 15,000 confirmed Covid-19 cases
The U.N.'s mid-year report released Wednesday said COVID-19 is expected to slash global economic output by nearly $8.5 trillion over the next two years, wiping out nearly all gains of the last four years.
Of the 56 firms that moved bases from China in 2018-19, Vietnam got 26, Taiwan 11, Thailand 8 and India 3.
Covid-19 crisis: MoHFW issues a 17-point guideline to all central govt employees. Details by TIMES NOW's Mohit Sharma.Covid-19 crisis: MoHFW issues guideline to all central govt employees
New Delhi, Apr 16 (ANI): Bollywood actor Salman Khan is deeply disturbed after reading about the growing violence against doctors and police personnel in various cities. Salman Khan said, “Doctors and nurses came to save you and you pelted stones on them, COVID-19 patients are running from hospital to nowhere, all these will not anyone.” “Because of some people all the citizens are suffering,” the actor further added and urged people to support the doctors and police personnel during this humanitarian crisisCOVID-19: Actor Salman Khan condemns attacks on doctors, police personnel
India is facing an unprecedented economic crisis, where some of the safe and traditional jobs are under the threat of being axed even as India breached the 2 lakh mark, with the highest spike of nearly 9000 cases in a day. Tough times ahead.
The scope and speed with which the COVID-19 pandemic and economic shutdowns have devastated the poor around the world are unprecedented in modern times, World Bank Group President David Malpass said.
The Indian pharma industry has been a world leader in generics both globally and in domestic markets.
The study, published in the journal Earth Systems and Environment last month, suggests that northwestern India is at "particularly high risk" to flooding from snow and glacier melt caused by temperatures projected to rise by the end of the 21st century.
There are several inspiring ways in which youth-led enterprises across Asia-Pacific are innovating to support their communities to combat coronavirus and improve the situation.
The analysis by the UN Department of Economic and Social Affairs (DESA) said the COVID-19 pandemic is disrupting global supply chains and international trade. With nearly 100 countries closing national borders during the past month, the movement of people and tourism flows have come to a screeching halt.
IBM's Deepali Naair on the concept of 6 feet economy and why a marketers personal brand is important
In this episode, Deepali Naair, CMO - India and South Asia, shares how IBM's full stack of remote working solutions helped them to be back on its feet during the lockdown. Terming the current business scenario as a 'six feet economy', Deepali laid out the importance of communicating and adapting conversations according to the phase of engagement. Stressing how digital has become even more important, she stressed on relooking at content, piloting innovative approaches and leveraging the personal brand of leaders to put out messages and give authentic and honest tone to their communication.IBM's Deepali Naair on the concept of 6 feet economy and why a marketers personal brand is important
It may be simplistic to expect a huge surge in discretionary spending —as is being seen in China.
World Health Organization head Tedros Adhanom Ghebreyesus told the summit the world had a special duty to protect the millions of healthcare workers at the front line of the crisis and suffering increasing cases of infection and death.
Mumbai: At least 20 sailors of the Indian Navy at INS Angre have tested positive for Covid-19 in Mumbai on Saturday. The INS Angre is a shore based logistics and shore-based support establishment of the Western Naval Command.COVID-19 crisis: Over 20 Navy sailors in Mumbai test positive for coronavirus
Detailing the government's plan to contain local outbreak of coronavirus, Lav Agarwal, Joint Secretary, MoHFW, underlined that the affected areas have been divided into two zones- Containment zone and Buffer Zone. The containment zone has been divided into sectors with 50 houses each (30 houses in difficult areas) emphasised Agarwal. The cluster-containment strategy has yielded positive results, said the officialCOVID-19: Government identifies 170 hotspot districts
Some 122 million Indians were forced out of jobs last month alone, according to CMIE data.
New Delhi, Apr 06 (ANI): Jain temples are closed on the occasion of ‘Mahavir Jayanti’ in national capital on April 06. Shri Digambar Jain Ratnatraya Jain Mandir in Delhi’s Dwarka is closed due to coronavirus lockdown.Covid-19: Jain temples closed on occasion of ‘Mahavir Jayanti’ amid nationwide lockdown
United Nations reaches out to India as COVID lockdown prompts other fears.India assures the UN on all vaccines.TIMES NOW's Srinjoy Chowdhury with details.UN reaches out to India for global vaccine supplies as COVID lockdown prompts fears
Six persons including Anand Paranjpe, Thane city NCP president tested positive for Covid-19 on Tuesday, It is suspected that Paranjpe may have been infected during one of two recent visits to state housing minister Jitendra Awhad’s residence.TIMES NOW's Aruneel with detailsMaharashtra: NCP leader Anand Paranjpe tests positive for Covid-19
Noida: Two recovered COVID-19 patients relapse and have been admitted to the hospitalCOVID-19 crisis: Two recovered patients get relapse bout, admitted to Noida hospital
India can’t spend its way out of the current economic mess. That however, doesn’t mean nothing can be done.
Chinese Govt restricts publications on the origin of COVID-19.Details by TIMES NOW's Athar Khan.Chinese Govt restricts publications on the origin of COVID-19
Sixteen fresh COVID-19 positive cases have been reported in Noida.Details by TIMES NOW's Siddhant.Noida: Sixteen fresh Covid-19 positive cases have been reported
Congress leader Priyanka Gandhi Vadra said it is imperative for India to immediately ramp up its rate of testing for coronavirus and that the government must act now for the lockdown to yield results. The Congress general secretary asserted that extremely valuable information about the severity of the disease, disease clusters and focal points is gained from testing."It is imperative that India immediately ramps up its rate of testing. Extremely valuable information about the severity of the disease, disease clusters and focal points is gained from testing," she said in a tweet.Covid-19: Priyanka Gandhi calls for large scale testing
A senior police inspector from Thane police commissionerate tested positive for coronavirus in Nasik hospital on Saturday.Maharashtra fights Covid-19: Thane Police officer tests positive, 35 cops quarantined
COVID-19 curve in India crosses the 9,000 mark. The total number of deaths reported in the country stands at 308India's Covid-19 count crosses the 9,000 mark
This year’s two crises have forced many foreigners to reconsider their lives in the UAE.
Downturn in business and investment activity deepened in May despite parts of the economy exiting lockdown.
Modi has little choice but to focus on manufacturing, given the slump in the services sector.
Nashik (Maharashtra), Apr 09 (ANI): The dairy farmers in Maharashtra’s Nashik are facing losses due to the lockdown. Nationwide lockdown has been imposed in backdrop of COVID-19 outbreak. Milk price dipped to almost half amid pandemic and farmers are forced to sell the milk at low prices. While speaking to ANI, one of the farmers said, “We used to sell milk at Rs 50-55 per kg, now we have to sell it at Rs 30-35 per kg. The demand is low as hotels and tea stalls are closed. It is becoming difficult to manage expenses.” There are total 1574 confirmed cases of coronavirus in Maharashtra including 110 deaths and 188 have been cured.Covid-19 outbreak: Dairy farmers facing losses amid lockdown in Maharashtra’s Nashik
ILO has predicted massive losses in working hours which are equivalent to 305 million full-time jobs for the second quarter of 2020 with 38% of the workforce, around 1.25 billion workers, is employed in high-risk sectors.
MHA writes to State Home Secys to keep an eye on the detention centres across the states.Details by TIMES NOW's Nikunj Garg.COVID-19 crisis: MHA writes to State Home Secys to keep an eye on detention centres across states
The meeting comes amid drastic reduction in GDP growth forecast by various multi-lateral funding agencies for the current fiscal due to the impact of COVID-19 and consequent lockdown.
The Ficci-Dhruva Advisors industry survey was conducted in June 2020 and saw participation of over 100 top corporate executives (CxOs) from across sectors.
Softening the blow: How #VirusPeVijay campaign helped one of the most vulnerable groups tide over the COVID-19 crisis
The fight against COVID-19 especially during the lockdown, needed many hands and partners, as the world entered a global paralysis of sorts, the fight against this pandemic was too big for the government to handle alone
Pollution and greenhouse gas emissions fell across continents earlier this year, as countries tried to contain the spread of Covid-19 with strict lockdowns.
Even such hallowed traditions as the pope's messages to the faithful on Saint Peter's Square have been replaced by prayers that Francis reads into a camera from the seclusion of his private library.
India is in a relatively good position to withstand the hurricane about to strike defaulting and other EMs.
Friends, I’m sure u must have read about or watched how our brave corona warriors have been attackd in certain pockets wth stone pelting causing severe injuries to them. Docs, nurses, policemen, none are spared! Utterly disgusting! These ppl are sacrificing so much-treat them with respect: Hema MaliniLockdown 2.0: Hema Malini condemns attack on Corona Warriors, health workers
It is up to the nations to step up and emerge from the crisis into a better future.
akistan skips virtual Saarc meet on overcoming Covid-19 impact on regional tradePakistan skips SAARC trade meeting on Covid-19
Gurugram (Haryana), Apr 12 (ANI): A drive-through sample collection centre has been set up in Haryana’s Gurugram to ease COVID-19 tests. This initiative was started by Healthians lab on April 11 along with Municipal Corporation of Gurugram. Any person can apply for COVID-19 test by filling their details online. The facility has been established in collaboration with the Healthians testing group at Tau Devi Lal Stadium. While speaking to ANI, the Commissioner of Municipal Corporation of Gurugram, Vinay Pratap Singh said, “One can apply for the test by filling details online. The patient can drive on own or can be accompanied by another person.” “It takes about 1-2 minute to collect nasal or throat swab and the reports will be given online. It is compulsory for those who want to be tested for COVID-19 to obtain a prescription from a registered medical practitioner,” he added. There are total 177 confirmed cases of coronavirus in Haryana including three deaths and 29 cured. According to the Ministry of Health and Family Welfare, the total number of COVID-19 active cases rose to 6634 in India and 242 deaths.Haryana: Drive-through COVID-19 testing facility launched in Gurugram
72 people in South Delhi were quarantined after a pizza delivery man tests positive for Coronavirus. TIMES NOW's Parvina with details.COVID-19: Pizza delivery man tests positive in south Delhi; 72 quarantined
The novel coronavirus has infected 8,356 people in India, killed 273, as per the latest update by the Union Health Ministry. According to the latest data available 909 new cases were reported in the last 24 hours, 34 people have died of the infectionIndia's Covid-19 count crosses the 8,000 mark
"Country at this juncture needs liquidity. Without liquidity our economy's wheel will not accelerate... Rs 50-60 lakh crore foreign investment is needed in the country under present circumstances to boost the economy," the Road Transport, Highways and MSME Minister said.
As China emerges from its Covid-19 lockdown, it is becoming clear that many of the challenges they faced are here to stay - and that some of the changes they introduced should be, as well. We identified 11 lessons to help inform business leaders throughout the rest of the world.
Delhi Chief Minister Arvind Kejriwal on Sunday announced that the lockdown will continue as usual in Delhi and no relaxations will be allowed before a review meeting of experts on April 27.“Delhi has 11 districts and all of them have been declared hotspots. As per the central government, restrictions cannot be relaxed in containment zones,” Kejriwal said.Coronavirus crisis: No relaxations in hotspots in city, says Arvind Kejriwal
WHO cautions India saying that lockdown is not just enough to curb the spread of COVID-19. According to WHO, aggressive measures that include more testing are necessary, lockdown just buys more time.Lockdown not enough to curb the spread of COVID-19: WHO cautions India
"The coronavirus outbreak poses a serious threat to the world economy," International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Wednesday. "189 member countries committed to coordinated action to fight the virus. Over one-third of IMF members are affected by coronavirus.""Demand is falling due to higher uncertainty, increasing precautionary behaviour," added. "The shock of coronavirus is unusual, affects supply and demand and restricts mobility."Coronavirus: Serious threat to world economy, says IMF
India's economic recovery is more likely to be a 'U' or 'W' shaped rather than 'V', analysts said.
India has been relatively conservative in extending fiscal measures to deal with the negative impact of COVID-19 on the economy. However, it has to take far more aggressive steps to contain the damage to the economy as few of the macroeconomic factors such as low oil prices, adequate forex reserves and lesser dependence on export will work in its favour.
Britain has one of the world's highest death tolls from COVID-19 but infections have fallen. Govt plans to lift many restrictions in England from July 4 to help an economy facing the deepest contraction in three centuries. With fears of renewed spikes of infections concerning leaders around the world, some of Britain's most eminent health leaders want urgent preparations.
The market, which has soared 23% from lows, is signaling that many investors expect a quick rebound.
The meeting was chaired by President Trump. The G-7 countries - the US, Britain, France, Canada, Italy, Japan and Germany - represent 58 per cent of the global wealth and 46 per cent of the world's GDP. The European Union is an invitee to G-7.
BMC has temporarily converted the National Sports Club of India’s (NSCI) dome in Worli into a massive quarantine cum observation facility. Details by TIMES NOW's Aruneel.Covid-19: NSCI dome in Worli turned into quarantine facility
CEC Sunil Arora and two other ECs take a 30% salary cut for a year amid the COVID-19 crisisCOVID-19 crisis: CEC Sunil Arora to take 30% salary cut for a year
Indiana (USA), Apr 09 (ANI): Indian students from Surat who are stranded in parts of US have appealed for help and evacuation to the Indian government in wake of spread of COVID-19 in the country. One of the students said there are total 11 students from different states of India. Flight services are currently closed due to Novel Coronavirus.Covid-19: Indian students stranded in US seek govt help in evacuation
All passenger train services to be canceled till May 3: Indian Railways.Details by TIMES NOW's Mohit Sharma.India in Lockdown-2: Railways cancel all passenger train services till May 3
When will travellers return? Decimated by Covid-19, travel and hospitality recovery will be a long stretch
The travel industry is bracing itself for the new changes that will have to be factored in post lockdown.
Sonia Gandhi's video message to nation, thanks frontline workers and citizens for adhering to lockdown
Hours before Prime Minister Narendra Modi's address to the nation, Congress chief Sonia Gandhi in a video message this morning praised those at the forefront in the fight against coronavirus - doctors, sanitation workers, policemen - and said they were fighting the pandemic despite the lack of resources.Sonia Gandhi's video message to nation, thanks frontline workers and citizens for adhering to lockdown
Japan’s Government Pension Investment Fund lost 17.7 trn yen in three months ended March.
Karnataka: Corona fears amongst farmers, wash currency notes in water fearing Corona transmission. Times Now's Imran Khan with details. Listen in!Karnataka: Farmers wash currency notes in water, fearing Covid-19 transmission
A 6-month old toddler in Mumbai has successfully recovered from COVID-19 and has come back home amongst heartening cheers.Mumbai: 6-month old toddler has successfully recovered from COVID-19
Dharavi, believed to be Asia's largest slum, has been hailed as a success story in the battle against the coronavirus pandemic, bringing cases from a daily average of 100 in April to about 10 in July, say city officials, thanks to a strict lockdown.
Kanpur (Uttar Pradesh), Apr 05 (ANI): Several researches are going on to curb coronavirus pandemic, which have killed 56, 985 people globally so far. Indian Institutes of Technology (IIT) Kanpur has also joined the fight against the coronavirus. Researchers are working on cost- efficient special antiviral coating masks, which may replace N95 masks whose price shoot upto Rs 500 in recent days. Researcher at IIT Kanpur, Professor Ramkumar said, “We developed an alternative material for N95 masks, and we are making it manually as we don’t have access to automatic machines due to nationwide lockdown. By next 2-3 days, we will start manufacturing of the masks.” The N95 masks filters at least 95% of airborne particles. It is said that healthcare workers who are expected to perform patient activities with those suspected or confirmed to be infected with COVID-19 to wear respiratory protection, such as an N95 respirator. Unlike a respirator, a surgical mask does not have an air-tight seal and thus does not protect its wearer against airborne particles such as virus material.Covid-19: IIT Kanpur to manufacture cost efficient antiviral coating masks
Defence Minister Rajnath Singh on Tuesday chaired a meeting of Group of Ministers on COVID-19.Home Minister Amit Shah, Minister of Information and Broadcasting Prakash Javadekar, Minister for Textiles and Women and Child Development Smriti Z Irani, Minister of Consumer Affairs, Food and Public Distribution Ram Vilas Paswan were among the Union Ministers present at the meeting.COVID-19: Rajnath Singh chairs meeting of Group of Ministers
Inequality is not a tool that creates differential impact during pandemic. It is also the reason behind the outbreak itself.
82-year-old patient recovers from COVID-19 in Delhi. The patient will be discharged today. Details by TIMES NOW's Mohit Bhatt82-year-old patient recovers from COVID-19 in Delhi