The announcement comes after the G20 countries injected more than USD5 trillion into the global economy in late March
From cancer care through the pandemic, to Mumbai's efforts to ramp up its health infra, and how our cities turned the crisis from bad to worse - read these and more in today's India dispatch
Hundreds of thousands of migrant labourers who come to the city for work are involved in stocking sarees and dress materials in the godown and in loading the parcels which are sent to other states
After India, Pakistan is the worst affected in South Asia with 89,249 Covid-19 cases, and 1,935 fatalities
J&K has seen a late surge, with 285 cases being reported in a day. Of the UT's total count of cases, 60% are still active. But, it has managed to keep its fatalities low
Some of the jobs gains reported for May could be a reflection of the Paycheck Protection Program
India has so far conducted over 4 million tests, according to the health ministry; Trump says number in US is 20 million
Joint release said that across the world, the handling of the Covid-19 pandemic requires extraordinary and unprecedented measures
Globally, a further 6,000 children under age 5 could die each day due to reduction in routine health coverage during the pandemic
Says slain African-American George Floyd might be pleased by report, which shows over 2.5 mn jobs were added in May amid Covid-19, and predicts the battered economy will recover all jobs by next year
Online travel firm Yatra Online Inc said it was seeking damages against Ebix for breaching terms of their merger agreement
Covid 19 tracker: 5 Indian states with the biggest 24-hour jump in total cases on Friday were Maharashtra, Delhi, Tamil Nadu, Gujarat, and Bengal. Catch coronavirus update and other related stories
State govt is currently assessing losses, will announce package after a few days
Subramanian also said that the Centre had gone beyond its means to support states, was keeping its options open regarding deficit monetisation, and that the new privatisation policy would be out soon
Most firms not indicating financial impact
Lockdowns have been costly, but they helped us avoid a far worse catastrophe.
According to a National Statistical Office (NSO) survey, only 23.8 per cent households in the country have internet connectivity and only 10.7 per cent have access to computers
New schemes, up to Rs 500 crore, which have already been appraised by the departments and ministries, would also be suspended in the current financial year.
A silver lining, the survey noted, is that 75 per cent of the workers were not being threatened by their landlords of eviction
No doubt that economy will contract in Q1, Krishnamurthy Subramanian says