Page 2017 - Coronavirus

Covid-19: India inches closer to 14,000 cases in highest single day spike

In the last 24 hours there have been 1,455 more cases, taking India's total tally close to 14,000

Hurt by consumption slowdown earlier, small brands bounce back in lockdown

Over 150 new players seen in hygiene category alone; food business also sees similar rush

Drug regulator asks traders to stock 55 ICU drugs for Covid-19 treatment

These drugs are in addition to the requirement to hydroxychloroquine and Azithromycin for patients, healthcare workers and household contacts of positive cases

Health Ministry's containment plan yet to address community transmission

Health ministry has estimated that around 15 per cent of the patients are likely to require hospitalisation

RBI steps increase lending, but sector-specific package must: Bankers

RBI by reducing reverse repo rate by 25 basis points has sent clear signals to deploy that money - either by investing markets (bonds and short term paper) or by extending credit

Covid-19: India allows paracetamol formulation export, retains curbs on API

Pharma industry welcomes decision, but wants govt to consider allowing export of APIs made before March 3

States start imposing price caps on Covid-19 tests done by private labs

Industry feels it is time to discuss the cost of the tests with Indian Council of Medical Research so that quality isn't compromised

Centre eases norms; allows harvesting, collection of minor forest produce

Provides additional liquidity for rural banks; may hike MSP of forest produce to push cash

China revises Covid figures in Wuhan by 50%, death toll mounts to 4,632

Citing data discrepancies, the Wuhan municipal headquarters on Friday revised the number of confirmed Covid-19 cases and deaths

RBI assumes protective role, asks banks not to pay dividend for FY20

Experts say while the decision is positive, it may not make any significant contribution

Trump's plan to reopen virus-ravaged US economy: Will others follow suit?

Globally, more than 145,516 people have died from Covid-19 so far and the number of confirmed infections has reached 2,182,058, according to Worldometer data

Govt to provide additional relief, economic stimulus soon: FM Sitharaman

Sitharaman also assured the global community that India would continue to supply critical medicines to needy countries for the treatment of Covid-19 patients

Covid-19: MSMEs cautiously welcome RBI measures, exporters want more

Calls for economic package for distressed sectors continue

From pharmaceuticals to aviation: The impact of coronavirus crisis

Indian airline operators and airports have been the first and the most adversely affected sector.

Tirupur garment units ask govt to source PPEs locally, not from China

The manufacturers in the textile hub of Tirupur say that India has the capacity to produce the required PPEs

Lockdown 2.0: Office space leasing sees 37% fall on coronavirus outbreak

Companies deferred their decision to hire workspace amid global economic slowdown caused by Covid-19, according to Cushman & Wakefield.

RBI raises limit on ways and means advances, but states aren't impressed

Ways and means advances (WMAs) are short-term advances the central bank gives to help states tide over temporary mismatches in their cash flow.

RBI move to cut reverse repurchase rate fuels rally in short-term bonds

The yield on the 6.18 per cent 2024 bond fell 26 basis points to 5.48 per cent.

RBI promises liquidity support to NBFCs, MFIs dealing with cashflow issues

RBI has put the ball in banks' court on the moratorium issue

Coronavirus growth rate declines 40% post lockdown, giving India hope

Country's average growth of between March 15 and 31 was 2 per cent. Post lockdown, in the last two weeks the growth rate has come down to 1.2 per cent.