Raghuram Rajan ready to help India as country stares at post-COVID-19 economic crisis

New Delhi/IBNS: Days after giving suggestions to the Narendra Modi government on how to tackle the post-Coronavirus economic situation, former Reserve Bank of India (RBI) governor Raghuram Rajan said he was ready to help India as the vast country of 1.3 billion people is staring at a financial crisis once the threat of COVID-19 retreats.

Centre released Rs 15,841 crore under PM KISAN in the lockdown period

New Delhi/IBNS: The Centre has released the first installment of Rs 15,841 crore under the PM KISAN scheme during the lockdown period, the Agriculture Ministry said in a statement on Friday.

Growth outlook to be hit drastically by COVID-19 outbreak

Mumbai/IBNS: The Reserve Bank of India has said the country's economic growth outlook has been hit drastically by the coronavirus outbreak, media reports said.

ASEAN foreign ministers agree to establish COVID-19 response fund

Phnom Penh/Xinhua: Foreign Ministers of the Association of Southeast Asian Nations (ASEAN) agreed on Thursday to set up a COVID-19 response fund to collectively fight against the virus, said a Cambodia's foreign ministry statement.

CREDAI West Bengal writes to Union Finance Minister seeking reliefs for Real Estate industry

Kolkata/IBNS: The West Bengal chapter of the Confederation of Real Estate Developers' Associations of India (CREDAI) has approached the Union Finance Minister Nirmala Sitharaman for relief to aid the real estate industry in the backdrop of the Covid 19 pandemic.

Jindal Stainless comes forward to fight the Covid 19 pandemic with monetary donations and other support

New Delhi/IBNS: Jindal Stainless, one of the largest stainless steel conglomerates in India, has contributed rupees five crore to the PM Cares Fund to help combat the COVID-19 pandemic in India.

COVID-19: impact could see 195 million job losses, says ILO chief

New York/IBNS: The rapidly intensifying economic effects of COVID-19 on the world of work are proving to be far worse than the 2008-9 financial crisis, with cutbacks equivalent to nearly 200 million full-time workers expected in the next three months alone, the UN labour agency said.

Nestlé India extends its commitment to India’s fight against COVID-19

New Delhi/IBNS: Packaged food and beverage company Nestlé India on Wednesday said it has extended its commitment to India’s combat against Coronavirus.

25 million jobs at risk with airline shutdown: International Air Transport Association

Geneva/IBNS: The International Air Transport Association has released  new analysis showing that some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the COVID-19 crisis.

ASSOCHAM suggests business continuity measures to sustain economic activity amid COVID-19 crisis

Kolkata/IBNS: In a comprehensive plan for gradual lifting of the lockdown, the ASSOCHAM has suggested that several selective but key sectors of trade and industry, including retail, essential manufacturing, large construction and infrastructure projects, to name a few, should be allowed to resume operations, with strict adherence to social distancing norms and other precautionary measures suggested by the Government. This would help mitigate the business and job loss that Indian industries are facing amid the Covid-19 outbreak.

Greatest emergency since Independence: Former RBI Governor Raghuram Rajan over COVID-19 situation

New Delhi/IBNS: Advising the Indian government to spend more on poor to manage the crisis caused by the Novel Coronavirus, former Reserve Bank of India (RBI) governor Raghuram Rajan has said the pandemic virus is the "greatest emergency since Independence".

Indian economy will turn around after the temporary challenging phase believes financial advisor Shasank Jalan

Kolkata/IBNS: With the Covid-19 pandemic throwing the economy of diverse nations out of gear, Shasank Jalan, the owner of Jalan Financial Services, believes people should take wellmesured steps now so far as financial inestments are concerned.

SHEIN India donates surgical facemasks to Mumbai hospital working to prevent spread off Covid-19 virus

Mumbai/IBNS: A leading fast online fashion brand SHEIN India donated surgical masks to the Mumbai-based Lokmanya Tilak Municipal Medical College and General Hospital recently.

Aparna Constructions and Estates contributes rupees five crore for the battle against COVID 19

Hyderabad/IBNS: Telangana based real estate firm Aparna Constructions and Estates Private Limited has donated rupees five crore to relief efforts towards containing the Covid-19 pandemic.

COVID-19: The global food supply chain is holding up, for now

New York/IBNS: The unfolding COVID-19 pandemic is so far having little impact on the global food supply chain, but that could change for the worse – and soon – if anxiety-driven panic by major food importers takes hold, the World Food Programme (WFP) warned on Friday.