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COVID 19 FALLOUT
Venezuela to tap IMF reserve assets for quake reconstruction, Bloomberg News reportsVenezuela is planning to utilize $200 million from its $4.5 billion IMF Special Drawing Rights (SDRs) to fund reconstruction efforts follow...- How Brexit broke British politicsA decade after the UK voted to leave the EU, the nation grapples with fractured politics and a sluggish economy. Brexit's promises of contr...
- India poised to drive next wave of global steel demand, says Lakshmi MittalIndia is set to lead global steel demand in the coming decades. Large-scale infrastructure projects, urban growth, and energy transition in...
- Charting the Global Economy: War pushes up prices, dents growthThe Iran war is fueling a global inflation wave, prompting the European Central Bank to raise interest rates for the first time in nearly t...
- World Bank cuts global growth forecast to 2.5%; India seen growing 6.6% amid Iran warGlobal economic growth is set to slow to 2.5% this year. The World Bank attributes this to the Iran war, which has driven up energy prices ...
- More economic safeguards on the cards as West Asia conflict persists: ReportIndia is preparing new measures to protect its economy from the West Asia conflict. The government will introduce these steps gradually as ...
- UN labour agency says Middle East war threatens millions of jobsThe Middle East war is impacting jobs and pay worldwide. Millions of jobs could be lost, and real wages may fall in 2026 and 2027. Migrant ...
- Iran war saddles global companies with $25 billion bill and countingGlobal companies face significant financial strain due to the U.S.-Israeli war with Iran. Businesses are grappling with escalating oil pric...
- As PM Modi appeals, govt & India Inc set to operate on a war footingIndia's government is preparing to discuss ways to manage the impact of the West Asia war. Prime Minister Narendra Modi has urged citizens ...
- Defence Minister Rajnath Singh chairs high-level West Asia review as PM Modi calls for ‘economic self-defence’Defence Minister Rajnath Singh chaired a meeting on West Asia's evolving situation. Prime Minister Narendra Modi called for nationwide econ...
- PM Modi pushes work-from-home revival, lower foreign travel & less gold purchases as West Asia conflict heightens concernsPrime Minister Narendra Modi called for a return to work-from-home and urged citizens to delay foreign travel for a year. This is to addres...
- Cabinet clears Emergency Credit Line Guarantee Scheme 5.0 to cushion MSMEs, airlines amid Gulf warThe government has approved a new credit scheme, ECLGS 5.0, to support airlines and small businesses facing economic challenges. This initi...
- UpGrad to acquire Unacademy for Rs 2,055 crore, 90% below peak valuationAfter on-again, off-again talks, Ronnie Screwvala-run edtech firm UpGrad is acquiring UpGrad in a cut price deal. UpGrad is also raising an...
- Aatmanirbhar 2.0 in works to cushion India against supply chain, energy painIndia had unveiled several targeted interventions during the Covid-19 pandemic to ensure availability of several key products and to reduce...
- Shanghai eases two-week shutdownFor more such web stories click on the ET icon below.
- View: India needs to maintain a balance between protecting its debtors and creditorsBy discharging companies from liability for all defaults — which have occurred during the lockdown, without ascertaining the nature or caus...
- Icra to review ratings approach amid Covid-19 falloutEconomic slowdown has already take a toll on credit ratings of debt issuers with upgrades as well as downgrades worse than the five year av...
- Need war-time like prioritisation measures to deal with Covid-19 fallout: Sajjid Chinoy, Chief Economist, JP MorganIndia’s fiscal response will have to be exceptionally intelligent as emerging market countries are forced to respond with hands tied behind...
- Covid-19 fallout: Rate transmission a far cry despite liquidity overhangThe banking system has hit the surplus level seen during the demonetisation period. But, the liquidity glut is not bringing interest rates ...
- As virus takes over the globe, economic fightback beginsKfW, Germany’s state development bank, will lend $610 billion to ensure companies survive and shield workers. This is the biggest aid packa...
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