People more important than the economy, pope says about Covid crisis

Vatican City: Pope Francis said on Sunday that people are more important than the economy, as countries decide how quickly to reopen their countries from coronavirus lockdowns. Pope Francis gestures as he leads the Regina Coeli prayer from his window in the newly reopened St. Peter’s Square after months of closure due to an outbreak of the coronavirus More...

by Ila Choudhary | Published 2 days ago
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By Ila Choudhary On Saturday, May 30th, 2020
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Trump cuts WHO funding as US economy clouds speedy recovery

Washington: Grim employment and spending numbers darkened the prospects for a speedy recovery in the U.S. as the economic devastation from the coronavirus pandemic continues to spread, even as states moved to reopen More...

By Ila Choudhary On Friday, May 29th, 2020
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Finance Ministry asks Labour Ministry to collect data on job losses due to COVID-19 crisis

New Delhi: The Union Finance Ministry has asked the Labour Ministry to collect data on job losses due to the situation arising out of the COVID-19 crisis, said sources on Friday. Union Finance Minister Nirmala Sitharaman “The More...

By Ila Choudhary On Wednesday, May 27th, 2020
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India may need to pump $20 billion into coronavirus-hit state banks – sources

Mumbai/New Delhi: India may need to inject up to 1.5 trillion rupees ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government More...

By Ila Choudhary On Tuesday, May 26th, 2020
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India facing its worst recession in current fiscal, says Crisil

New Delhi: India’s fourth recession since independence, the first since liberalisation and perhaps the worst to date, is here, said on Tuesday as it predicted the economy to shrink by 5 per cent in the current More...

By Ila Choudhary On Tuesday, May 26th, 2020
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Advanced version of public procurement portal GeM on the anvil

New Delhi: Government procurement platform GeM is coming up with a more dynamic, transformational and vibrant portal by adding advanced features such as powerful search engine, revamped brand and product approval More...

By Ila Choudhary On Sunday, May 24th, 2020
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People more worried about economic crisis than coronavirus, says study

New Delhi: People are more worried about economic crisis than health issues emanating from coronavirus pandemic, according to an online study conducted by IIM Lucknow on “Understanding public sentiment during More...

By Ila Choudhary On Sunday, May 24th, 2020
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India’s Reliance launches JioMart online grocery service, challenging Amazon, Flipkart

New Delhi: Reliance Industries Ltd has launched an online grocery service, JioMart, the head of its grocery retail business said, in a move aimed at rivalling Amazon.com’s local unit and Walmart Inc’s Flipkart More...

By Ila Choudhary On Friday, May 22nd, 2020
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RBI slashes repo rate by 40 bps to 4 per cent to increase credit flow

Mumbai: The Reserve Bank of India (RBI) on Friday slashed its key policy rate for a second time this year, in a move to counter the economic fallout from an ongoing nationwide lockdown to contain the spread of the More...

By Ila Choudhary On Thursday, May 21st, 2020
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Coronavirus-triggered layoffs in US hit nearly 39 million

Washington: The number of Americans applying for unemployment benefits in the two months since the coronavirus took hold in the U.S. has swelled to nearly 39 million, the government reported Thursday, even as states More...