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New Delhi, Apr 22 (PTI) India extending the nationwide lockdown by nearly three more weeks to May 3 is unlikely to stem the surge in coronavirus infections and economic and humanitarian crisis will exacerbate due to slow response by the government so far, according to Fitch Solutions.
New Delhi, Apr 16 (PTI) Online food delivery, the silver lining to the economic gloom set in by the coronavirus pandemic, is likely to take a massive blow in the capital after news of a pizza delivery agent testing COVID-19 positive in south Delhi went viral and raised...
Washington, Apr 14 (PTI) The Silicon Valley, hub of Indian entrepreneurship that showcases excellence of Indian IT professionals, is bracing itself for a post coronavirus period with layoffs, pay cuts and freeze on new jobs, a top venture capitalist has said. M Rangaswami, well-known venture...
Mumbai, Apr 13 (PTI) International rating agency Moody's Investors Service has placed the ratings on IIFL Finance and Hero FinCorp under review, while downgraded the outlook on Muthoot Finance ratings to negative from stable. The agency also retained the rating on Muthoot Finance but downgraded...
Washington, Apr 12 (PTI) India is likely to record its worst growth performance since the 1991 liberalisation this fiscal year as the coronavirus outbreak severely disrupts the economy, the World Bank said on Sunday. India's economy is expected to grow 1.5 per cent to...
Washington, Apr 12 (PTI) The World Bank on Sunday said the coronavirus outbreak has severely disrupted the Indian economy, magnifying pre-existing risks to its outlook. In its South Asia Economic Update: Impact of COVID-19 , the World Bank estimated the Indian economy to decelerate...
United Nations, Apr 11 (PTI) As governments struggle to cope with the COVID-19 pandemic, billions of people living in countries teetering on the brink of economic collapse are being further threatened by a looming debt crisis, according to a UN report. In its report, the...
Mumbai, Apr 8 (PTI) Economic growth is likely to plummet to a multi-decade low of 1.6 per cent in fiscal year 2020-21 due to COVID-19 pandemic and ensuing measures like lockdowns and social distancing, an American brokerage said on Wednesday in one of the bleakest forecasts on GDP...
United Nations, Apr 8 (PTI) About 400 million people working in the informal economy in India are at risk of falling deeper into poverty due to the coronavirus crisis which is having "catastrophic consequences", and is expected to wipe out 195 million full-time jobs or 6.7 per cent...
New Delhi, Apr 7 (PTI) The COVID-19 crisis has the potential to push around 40 crore informal sector workers in India deeper into poverty, with the lockdown and other containment measures affecting jobs and earnings, an International Labour Organisation (ILO) report said on Tuesday. India...
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