The panel noted that the COVID-19 pandemic has caused unprecedented public health, economic and social crisis, threatening the lives and livelihoods of millions.
Hyderabad: Karuna Gopal, president, Foundation for Futuristic Cities, has been conferred the Skoch Challenger Award, a prestigious civilian honour instituted by the Skoch group,...
Growth is expected to recover to 5.4 per cent in 2021 as the rebound from a low base is offset by muted private investment growth given financial sector weaknesses.
World Bank President David Malpass welcome countries that are keeping open their export markets, and also countries that are able to change their subsidy systems in order to allow more food availability.
The 2020 Human Capital Index update includes health and education data for 174 countries – covering 98 per cent of the world's population – up to March 2020.
Facebook and Instagram also launched capabilities for businesses to drive the discovery and sale of Gift Cards.
Lauding the government's Rs 3.7 lakh crore MSME support package under 'Atmanirbhar Bharat', World Bank country director in India Junaid Ahmad said the RBI also has used different instruments to infuse liquidity in the market either through banks or SIDBI
The industry body has identified immediate and medium term measures in terms of ease of doing business to boost the economy.
Making the forecast for India, the Bank said: "Stringent measures to control the spread of the virus will heavily curtail activity, despite some support from fiscal and monetary stimulus. Spillovers from weaker global growth and balance sheet stress in the financial sector will also weigh on activity."
A USD 1 billion support was announced last month to support India's health sector.
The USD 400 million loan from the international bank for Reconstruction and Development (IBRD) has a final maturity of 14.5 years including a grace period of five years.