Addressing the Indian diaspora in Kuwait, External Affairs Minister S Jaishankar, who is in the country on his first bilateral visit, said the government ran hundreds of oxygen trains to ferry oxygen from production centres to major cities
In its annual report, the central bank said the country s growth prospects now essentially depend on how fast India can arrest the second wave of COVID-19 infections
Second COVID-19 wave humanitarian crisis, not economic one: Nomura
Nomura said it expects the overall hit to sequential growth in April-June to be much less severe than last year when there was a complete nationwide lockdown, and less than what the drop in mobility suggests
PTI | May 20, 2021 | Updated 16:00 IST
The second wave of the pandemic in India is more of a humanitarian crisis rather than an economic one, and is likely to have peaked, a Japanese brokerage said on Thursday.
Nomura said it expects the overall hit to sequential growth in April-June to be much less severe than last year when there was a complete nationwide lockdown, and less than what the drop in mobility suggests. It estimated the economy to contract by only 3.8 per cent in June quarter as compared with March quarter.
India s second COVID-19 wave flattening but won t wane away before July, says Shahid Jameel
Shahid Jameel noted that it is a little too early to say if the Covid wave has peaked
PTI | May 12, 2021 | Updated 13:49 IST
India s second COVID-19 wave seems to have flattened but the climb down will be a more prolonged, long drawn-out process than the first and will possibly run till July, eminent virologist Shahid Jameel said here on Tuesday.
Though the new variants of the virus may partly be responsible for the explosion in the number of cases, there is no indication the mutant versions are more lethal, added the director of the Trivedi School of Biosciences, Ashoka University, amid mounting worries about what is fuelling the second wave in India.
RBI comes to the rescue yet again! But, don t forget the risks
The measures announced by the Reserve Bank Governor Shaktikanta Das are timely and directed at certain segments
Anand Adhikari | May 5, 2021 | Updated 12:49 IST
RBI Governor Shaktikanta Das
The RBI has announced a series of measures to protect small borrowers and MSMEs amid the second Covid-19 wave in the country. The measures are timely and directed at certain segments. But more checks and balances are needed as risks increase for the financial system.
Ensuring flow of money to mid-sized hospitals, labs, other healthcare units
The RBI has to ensure that term liquidity facility of Rs 50,000 crore provided to banks flow at 4 percent rate to smaller hospitals, pathology labs, ventilator suppliers and others in healthcare sector.