However, the Indian economy is expected to bounce back in 2021, the World Bank said.
Premier League plans for return of fans face government review
Domestic air passenger traffic was back to the growth trajectory in June amid the falling number of COVID-19 cases in the country with around three million passengers flying on local routes in the previous month as against around two million in May, a report said on Tuesday. Though there is some recovery observed in June, stress on demand continues, driven largely by the second wave of the pandemic, limiting travel to only necessary travel, credit rating agency ICRA said in its report. On a sequential basis, domestic passenger traffic was up 41-42 per cent in June over May.
Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank will ensure adequate liquidity in the system to ease the financial stress caused by the Covid-19 pandemic. The central bank reduced the reverse repo rate -- the rate at which banks park their fund with the central bank -- by 25 basis points to 3.75 per cent.
'We have been cheated. We are trying to bring Article 370 back'
Following a six-day schedule, reducing class size, setting up isolation facilities on campus, and COVID-19 screening of students, faculty and staff are among the guidelines announced by the University Grants Commission (UGC) for reopening of universities and colleges closed since March in view of the pandemic.
Sources at Mumbai airport said seat occupancy has declined from around 70-72 per cent to 60-64 per cent in last three-four days as passengers are postponing or cancelling trips.
This week, global drugmakers Pfizer and BioNTech said their COVID-19 vaccine candidate is 95 per cent effective, including in adults over 65 years of age.
'It is clear that primary care would be extremely critical in providing care to and preventing deaths of large numbers of patients,' says Pavitra Mohan and Jagdish Rattanani.
In a significant directive, the home ministry said that state governments shall not impose any local lockdown outside the containment zones without prior consultation with the central government.
The All India Council of Technical Education (AICTE) has allowed business schools and institutions offering MBA and PGDM courses to admit students based on marks obtained in qualifying undergraduate exams.
The World Bank on Tuesday projected India's economy to grow at 8.3 per cent in 2021 and 7.5 per cent in 2022, even as its recovery is being hampered by an unprecedented second wave of the COVID-19, the largest outbreak in the world since the beginning of the deadly pandemic. The Washington-based global lender, in its latest issue of Global Economic Prospects released here, noted that in India, an enormous second COVID-19 wave is undermining the sharper-than-expected rebound in activity seen during the second half of Fiscal Year 2020/21, especially in services.
A total of 37 deaths were reported since Thursday evening of which 14 fatalities were reported from Maharashtra, nine from Gujarat, three from Uttar Pradesh, two each from Andhra Pradesh, Delhi, Madhya Pradesh,Tamil Nadu and Telengana and one from Karnataka, ministry data stated.
Core to the planning is the rigidly-enforced closed loop that physically separates Games-related personnel from the local population
The number of active cases dropped to 14,01,609.
Resumption of professional and local sport within days, says the country's sports and recreation minister.
'As people have moved from cities to small towns and villages, they have carried the infection into new territories.' 'Poor healthcare infrastructure in these places should be a big worry in the days to come.'
The Kerala government has told the Supreme Court that it is "vigorously vaccinating" people against Covid-19 and is expected to inoculate at least 60 per cent of its population within two or three months.
Cycling teams are gearing up for the Tour de France to be held in August rather than the usual July, after French President Emmanuel Macron said big public events would be halted until mid-July as the country fights the COVID-19 pandemic. Marc Madiot, president of the French cycling league and director of the Groupama-FDJ cycling team, said Macron's comments, which included extending measures to slow the coronavirus outbreak, paved the way for the Tour to be held in August.
The Barcelona legend showed his support following the end of the World Health Worker Week, which concluded on Saturday.
While the COVID-19 pandemic has completely halted production and new orders, exporters say that payments have also been delayed for the shipments sent before the lockdown. Exporters say some customers are not taking delivery of the shipments because they have shut shop. Ready-made garment players had been hoping for a revival in demand in China but with the virus spreading to Europe, the US and other major markets, there are no orders coming from the major retailers.
Cambridge, Massachusetts-based Moderna's announcement comes just a week after Pfizer and Biontech said their COVID-19 vaccine candidate was found to be more than 90 per cent effective in preventing COVID-19 in participants.
Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires. The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said. Employees contribution (12 per cent of wages) and employer's contribution (12 per cent of wages) totalling 24 per cent of wages would be given to establishments for two years, she said. Under the Aatmanirbhar Bharat Rozgar Yojana, every Employees' Provident Fund Organisation (EPFO)-registered establishment taking new employees would get this subsidy.
The report, compiled by COV-IND-19 Study Group, an interdisciplinary team of researchers, said while India seems to have done well in controlling the number of confirmed cases compared to other countries like the United States and Italy in the early phase of the pandemic, the country is critically missing a key component in this assessment -- the number of truly affected cases.
While some CMs suggested reopening economic activity in phases, others pitched for the extension of the coronavirus lockdown, but with a carefully crafted exit strategy
Auto component makers in India are bracing for a tough time. High absenteeism among workers owing to Covid-19, shortages of critical parts, and temporary closures of plants by automobile manufacturers have thrown a spanner in the works for the Rs 3.2-trillion sector, which derives 60 per cent of its revenues from automobile original equipment manufacturers (OEMs), with the balance split equally between replacement demand and exports. Car market leader Maruti Suzuki India on Saturday said it was extending the maintenance shutdown, which was from May 1 to 9, till May 16, "keeping in view the current pandemic situation". Some activities will continue in the plants.
The heavy industries ministersaid that the proposal for the auto scrappage policy was ready and all stakeholders have provided inputs, therefore its announcement was likely very soon.
Patients have been waiting for days, weeks and sometimes months for appointments for dialysis, chemotherapy and other emergency procedures.
The latest move comes as countries, including India, are initiating measures to tackle the spread of rumours, fake news and misinformation on social media platforms.
He said if people from other cities come to Delhi for specific surgeries, they will be provided treatment at private hospitals. "Delhi's health infrastructure is needed to tackle the coronavirus crisis at the moment," the chief minister said.
Domestic passenger flights are currently permitted to operate from all airports in the country except the ones in West Bengal.
What will happen to the job placement and summer internship plans of India's management and IIT students? Many campuses are stepping in to help students hang on to their placements, in spite of the lockdown.
The recovery in the Indian services sector was sustained in November as new work orders supported business activity growth and the first rise in employment in nine months, a monthly survey said on Thursday.
Wembley is scheduled to host the semi-finals on July 6 and 7 before the July 11 final.
Gadchiroli, located over 900 km from Mumbai in the state's Vidarbha region and having a population of around 12 lakh, has not reported a single COVID-19 case yet. The authorities are mindful that if at all any COVID-19 case comes to light in the district, it will come from outside and hence, they have enhanced efforts and are closely monitoring migrant workers entering the territory.
Vehicles piled up and many people were seen reasoning with the police as they were not allowed to enter Delhi from Uttar Pradesh and Haryana.
The comments by the minister came following a controversy over the reduction of syllabus by the CBSE due to the COVID-19 situation, with the Opposition alleging that chapters on India's democracy and plurality are being "dropped" to propagate a particular ideology.
These airports are those at Amritsar, Varanasi, Bhubaneswar, Indore, Raipur and Trichy.
The government's second round of stimulus will spur consumer spending in the near term but support to economic growth will be minimal, Moody's Investors Service said.
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