Remittances to India are likely to drop by 23 per cent from USD 83 billion last year to USD 64 billion this year due to the coronavirus pandemic, which has resulted in a global recession, the World Bank has said. Globally remittances are projected to decline sharply by about 20 per cent this year due to the economic crisis induced by the pandemic and shutdowns, according to a World Bank report on the impact of the Covid-19 on migration and remittances released on Wednesday.
Social media giant accused of anti-competitive conduct by abusing its market power to create a monopoly and crushing smaller competitors.
Massive restrictions on legal immigration - including restricting immigrants who contribute to medicine, science, and research in the United States, and who are working to develop treatments for coronavirus and other deadly diseases - will not only hinder efforts to save lives, but prevent job creation and hurt American economy as the country struggles to recover.
Joint Secretary in the health ministry Lav Agarwal said it is wrong to just look at the total number of cases and state that India has the seventh highest number of cases as the population of countries also should be taken into account. About 14 countries with a cumulative population almost equal to that of India have reported 55.2 times more COVID-19 deaths, he said.
Biden said that 100 days since he took the oath of office on January 20 and inherited the worst pandemic in a century and the worst economic crisis in a decade, America is on the move again, turning peril into possibility, crisis into opportunity and setback into strength.
Dispute resolution provisions in the production sharing contract remained unimplemented, while the regulator faltered, points out Jyoti Mukul.
India and Italy inked 15 pacts and finalised an ambitious action plan to further expand their ties following a virtual summit between Prime Minister Narendra Modi and his Italian counterpart Giuseppe Conte that primarily focused on ramping up economic engagement.
AQ Khan, a controversial scientist known as the father of Pakistan's clandestine nuclear programme, passed away here on Sunday after a brief illness. He was 85.
'There are so many dimensions to history that we need to attend to: We need more space for local and regional histories; we need to delve into the histories of particular communities; we need to emphasise gender history and environmental history.' 'We need to think about India's history beyond India's current borders.'
Will Prime Minister Modi start a conversation on the need for people to limit the size of their families, asks Colonel Anil A Athale (retd) on the occasion of World Population Day, July 11.
Rishi Singh, who recently joined a protest meeting against anti-immigrant laws in Arizona and demanded legislation to help the children of the undocumented, has known for over 17 years what it means to be an illegal young man in the United States.
'It is time we Indians stop our internal bickering and present a united front to Chinese machinations,' advises Colonel Anil A Athale (retd).
'I am sceptical of the Indian economy returning to a sustained high-growth trajectory any time soon'
While those who attended 'Livelihoods in Lockdown' learnt a lot, was anyone from the government listening?
'Wasn't it the PM's duty to reach out to the daily wagers of whom he claims to have been a part?' asks Jyoti Punwani.
'There is a deep stigma or taboo attached to COVID-19 in rural areas.' 'People don't want to test because they fear social exclusion.' 'Even those who test positive may not reveal and not follow the quarantine protocol.'
There will be a huge market for healthcare professionals, data and security experts and digital marketers, says Navneet Singh, founder, Avsar HR Services.
India's 100 top billionaires have seen their fortunes increase by Rs 12,97,822 crore since March last year when the Covid-19 pandemic hit the country and this amount is enough to give 13.8 crore poorest Indians a cheque for Rs 94,045 each.
Moved by three-year-old Aylan Kurdi's death, Vidhya Ramalingam has kick-started a crowd-funding campaign to buy a rescue ship for immediate action in the Mediterranean.
A total of 27,920 people have been cured of the disease with 1,685 in the last 24 hours, taking the recovery rate to 34.06 per cent, the ministry said.
While the number of active COVID-19 cases stood at 6,039, as many as 515 people have been cured and discharged, and one had migrated, it said. The total number of cases include 71 foreign nationals.
The Union health ministry said West Bengal and Himachal Pradesh reported a casualty each on Monday, taking the total number of deaths to nine in the country due to COVID-19.
Overseas bourses may take similar action and stop providing data on foreign indices and commodities traded in India, Ashish Chauhan, chief executive officer, BSE said.
Seeking cooperation from the public to fight the pandemic, the Union health ministry officials said there was no need to panic. They also said not everyone needs to wear masks and that following social distancing is more important to prevent the spread of COVID-19.
'Banks are being encouraged to lend instead of parking their resources with the RBI and earn risk-free interest income,' points out Tamal Bandyopadhyay.
India's water future remains very bleak. The monsoon season, which once extended to 4 months, is now down to less than 30 days of heavy rain.
Referring to allegations that it was "silly for China" not to have names for various counties and inventing them for six places in Arunachal Pradesh, an op-ed article in the state-run Global Times said "these comments are absurd".
No change in rules that govern sending professionals under H1-B visa regime
With the weaker-than-expected agreement at the recent Climate Change Conference at Lima, there is an urgent need to highlight endeavours in civil society and business for a sustainable global economy with grassroots empowerment, say Rajni Bakshi.
In his second national broadcast in a week on the pandemic raging across much of the world with the number of infections rising in India, Modi made a fervent appeal to the countrymen not to cross the 'lakshman rekha' of their homes in the next three weeks.
'I can confidently say there will be another financial crisis soon enough, and probably more than one global crisis within the next century, given the increasingly integrated nature of the global economy.'
The total number of positive cases has increased by 106 in the last 24 hours to reach 1,024.
Of the 20 deaths reported in the last 24 hours, eight were from Maharashtra, three each from Gujarat and Madhya Pradesh, two from Jammu and Kashmir and one each from Punjab, Uttar Pradesh, Karnataka and Tamil Nadu.
Dharmendra Pradhan lays bare the next course of action for his ministry and says RIL will have to pay the same price at which it produced the volumes.
The earlier attempt by the authorities in Dhaka that Islamist militancy had not established a presence in Bangladesh will now have to be given up.
COP 21 is about how much carbon space is left and who gets how much of that space
'We know many things are going to happen.' 'People should be preparing for sea level rise, for increased cyclonic activity, for drought.' 'One reason I wrote the book is to alert people to the dangers that they face.' 'For example, Mumbai faces enormous threat.'
'Most Assamese don't understand a word like ghuspethiya and its insulting connotation.'
The RBI wants to include shares and options within the variable salary of the CEOs, proposed to be capped at 200 per cent of their fixed salary; the floor for it is 50 per cent.
Upasana Modi from WeSchool, Mumbai shares her experience.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances