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Showing posts with the label GLOBAL ECONOMY

Global Covid-19 cases top 68.8 million: Johns Hopkins University

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  The overall number of global coronavirus cases has topped 68.8 million, while the deaths have surged to more than 1.56 million, according to the Johns Hopkins University. In its latest update on Thursday, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and death toll stood at 68,822,212 and 1,567,706, respectively.   The US is the worst-hit country with the world's highest number of cases and deaths at 15,379,574 and 289,283, respectively, according to the CSSE. India comes in second place in terms of cases at 9,735,850, while the country's death toll soared to 141,360. The other countries with more than a million confirmed cases are Brazil (6,728,452), Russia (2,518,551), France (2,377,913), the UK (1,771,544), Italy (1,770,149), Spain (1,712,101), Argentina (1,475,222), Colombia (1,392,133), Germany (1,242,253), Mexico (1,193,255), Poland (1,088,346) and Iran (1,072,620), the CSSE figures showed. Re

Coronavirus outbreak: Govt suspends visas for three more countries

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As India reported 14 more cases of coronavirus infection on Tuesday and the situation in Europe worsened, the government suspended all the visas and e-visas granted on or before March 11 to French, German, and Spanish nationals in a bid to contain the spread of the deadly virus in the country. This after the government earlier suspended visas and e-visas to citizens of China, Italy, Iran, Japan, and South Korea. The number of coronavirus cases in India jumped to 61 after fresh cases were reported from Kerala (eight), Karnataka (three), and Maharashtra (three). In Bengaluru, Dell — a US-headquartered computer technology company — advised its employees to work from home in India after one of its techies with travel history to Texas, along with his wife and daughter, was tested positive. “We can confirm two employees of Dell India were tested for the COVID-19 virus following their return home from the United States – including a visit to our headquarters in Round Rock, Texas. O

YES Bank resolution will be swift, 30 days is an outer limit: RBI governor

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Defending the timing of YES Bank 's moratorium, Reserve Bank of India (RBI) governor Shaktikanta Das on Friday assured swift resolution to the issues concerning the beleaguered lender. “ The resolution will be done very swiftly, it will be done very fast. 30 days which we have given is the outer limit. You will see a very swift action from RBI,” told reporters after ASSOCHAM's 15th annual banking summit. "The decision is taken at a larger level, not at individual entity level, the move is aimed at ensuring safety of financial system," he added On the timing of the action on YES Bank, Das said there is always debate over RBI acting prematurely or taking too long to act. “ A market-led and bank-led resolution of the problem is always preferable. You have to give time to the bank management to take step and efforts. And the bank did take efforts. When we found that we cannot wait and should not wait any longer, we decided to intervene," Das added. Read