Tag: Covid 19 Impact

The buoyant economy creates favourable operating conditions for the country's banks, besides their loan performance and profitability are improving, albeit from a low base

Though the State government introduced online education for students, lack of facilities like mobile phones, internet connection and electricity made the e-learning process elusive for students in rural areas.

In contrast to the projected person-days of over 3.9 crore for the year 2021-22, the actual person-days generated till June end in the State had been 7.7crore, which is 197 pc more than the target

Tokyo: In view of COVID-19 impact across the world, the 2020 Tokyo Olympics has been postponed. Japan Prime Minister Shinzo Abe confirmed the postponement after he reached an agreement with the International Olympic Committee (IOC) on Tuesday to hold the games in 2021. “I proposed to postpone for about a year and President Bach responded […]

Paris: After the postponement of 2020 Tokyo Olympic Games, the World Athletics has supported the new dates and has also promised to postpone the 2021 World Athletics Championships to 2022. The International Olympic Committee (IOC), International Paralympic Committee (IPC), Tokyo 2020 organising committee, Tokyo metropolitan government and the government of Japan announced on Monday that […]

London: The ll England Lawn Tennis Club (AELTC) announced that the 2020 edition of the Wimbledon Championships has been officially cancelled. The AELTC said that instead, the Wimbledon will now be held from June 28 to July 11, 2021. It marks the first time since 1945 — during the Second World War — that the […]

Bhubaneswar: Buoyed by the timely completion of many key projects in the just concluded fiscal, the Rourkela Steel Plant (RSP) has said it has set a target of producing 4.1 MT of hot metal during 2020-21. The RSP, a unit public sector steel behemoth SAIL, also seeks to produce 3.9 MT of crude steel and […]

United Nations: The global economy could shrink by up to 1 per cent in 2020 due to the COVID-19 (coronavirus) pandemic, and may contract even further if restrictions on economic activities are extended without adequate fiscal responses, according to analysis released on Wednesday by the UN Department of Economic and Social Affairs (UN-DESA). The UN-DESA […]

The current financial anxiety is seen as a direct byproduct of the COVID-19 pandemic. The virus has created uncertainty on several fronts both for individuals and businesses. People are in distress and have put their heads in the sand about their financial future. To lessen the COVID-19 impact and mitigate the crisis and chaos situation, […]

Mumbai: To mitigate the economic impact of COVID-19 outbreak, the Reserve Bank of India (RBI) on Friday again reduced the key lending rates by 40 basis points. Accordingly, the Monetary Policy Committee of the central bank in an unscheduled meet reduced the repo rate by 40 basis points to 4 per cent from 4.40 per […]

Chennai: As the COVID-19 wave sweeps strongly across the country, including in Tamil Nadu, mental health experts say the pandemic has triggered panic attacks among those who tested positive for the virus, causing bouts of depression and even driving some to the brink of suicide. According to experts, nervousness, fear of contamination, panic attacks, constant […]

Bhubaneswar: While the efforts to contain the COVID-19 spread are on with regular lockdowns and shutdowns, prices of vegetables and essential commodities have increased sharply burning holes in consumers’ wallets in Odisha. Vegetables have seen a steep rise in prices in the last couple of months with consumers expressing concerns and alleging that the lockdown […]

New Delhi: The ongoing pandemic has hit every sector of the Indian economy hard and the retail trade in the country has lost about Rs 15.5 lakh crore in the past 100 days. In a statement, the Confederation of All India Traders (CAIT) said that the traders across the country are highly depressed because of […]

Bengaluru: The state-run Indian Space Research Organisation (ISRO) cancelled its Young Scientists programme (Yuvika 2020) for this year due to the surging coronavirus cases across the country, an official said on Friday. “Though the Yuvika programme was scheduled to be held from May 11-22 for school students of Classes 8-9, we deferred by six months […]

Los Angeles: Disney Parks is letting go of 28,000 US employees due to the impact of the ongoing pandemic on Disneyland and Walt Disney World. Two-thirds of these employees are part-time workers. Disney Parks chairman Josh D’Amaro wrote a letter to employees, saying that this was “the only feasible option we have” due to the […]