ECONOMY OF CHINA
China unexpectedly cuts reverse repo rate by most in 5 yrs to support virus-hit economy
It was the third cut in the 7-day rate since November, and comes as the coronavirus infections in China - where the outbreak originated late last year - has slowed from a peak in February. The country has so far reported 3,304 deaths from 81,470 infections. Ma Jun, a central bank adviser told state media that China still has ample room for monetary policy adjustment.
India to buy PPEs, but no testing kits, from China
The production of N-95 masks and personal protective equipment (PPE) had taken a massive h...
Drop in China's new coronavirus cases; none in Wuhan for sixth day
The city of Wuhan, at the centre of the outbreak, reported no new cases fo...
Drop in China's new coronavirus cases; none in Hubei for sixth day
Mainland China reported a drop in new coronavirus infections for a fourth day as imported cases fell, while authorities shut the borders to foreign travellers and drastically slashed the number of international flights.
European Union, China propose interim dispute settlement system
The Multi-party Interim Appeal Arbitration Arrangement (MPIA), set up under Article 25 of the Dispute Settlement Undertaking, offers arbitration outside the Appellate Body contingent upon mutual agreement of the parties. The arrangement was finalised on March 27.
S&P further slashes India's growth forecast to 3.5% from 5.2% for FY21
The latest downgrade came as part of the global ratings agency’s report on deteriorating credit conditions in the Asia-Pacific region. It cited declining credit quality due to rising defaults resulting from a demand slump as the Covid-19 outbreak persisted in many countries.
View: Corona lockdown is needed but it might put the economy on ventilator
The lockdown is justified. The Covid-19 coronavirus, which can grow exponentially, was stalled in China with the help of similar lockdowns. No wonder big parts of Europe and the US are following the same model to stop the virus, writes Chetan Bhagat.
The sharing economy faces the abyss in a pandemic
Uber told investors this month that it expected to close out the year with between $4 billion and $6 billion in cash. That’s a lot of money, but it’s never a good sign when a company is assuring investors it won’t run completely dry.
A global consumer default wave is just getting started in China
In China, indicators aren’t pretty. Overdue credit-card debt swelled last month by 50% from a year earlier.
45-year-old coronavirus patient dies in Gujarat
Another 45-year-old Covid-19 patient died in Gujarat on Monday. The woman was a resident of Gujarat's Bhavnagar and had no travel history to...
Bruised Indian economy to be battered further by coronavirus: Reuters poll
According to the Reuters poll of economists taken March 25-26, India's economy will expand just 4.0% annually on a year ago in the quarter that ends on March 31, the weakest since comparable records began in early 2012. India's informal sector, the backbone of the economy, will be hardest hit as economic activity comes to a standstill.
AIIMS to convert to its trauma centre into COVID-19 hospital
AIIMS to convert to its trauma centre into COVID-19 hospital.Details by Times Now's Mohit Bhatt.AIIMS to convert to its trauma centre into C...
Watch: PM Modi shares his fitness routine during lockdown
PM Narendra Modi shares his fitness routine during lockdown which includes various 'yoga asanas.' Watch videosWatch: PM Modi shares his fitn...
Special camps set up at U.P-Bihar border where migrants will be screened
Bihar: Special camps have been set up at U.P-Bihar border where migrants will be screened. Times now's Shyam Sundar with more details.Specia...
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