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India’s GDP to shrink 45% in June quarter, predicts Goldman Sachs Goldman Sachs economists Prachi Mishra and Andrew Tilton predicted that India’s Gross Domestic Product (GDP) will contract by an annualised 45 per cent in the second quarter from prior three months or the June quarter. The government’s effort to provide a boost to the coronavirus-hit economy focuses on more on the medium-term rather than offering immediate support, according to a recent note by Goldman Sachs economists. In a May 17 note, Goldman Sachs economists Prachi Mishra and Andrew Tilton predicted that India’s Gross Domestic Product (GDP) will contract by an annualised 45 per cent in the second quarter from prior three months or the June quarter. This is almost double of what the global investment banker had predicted in its earlier forecast for the same period — a 20 per cent slump. Brace for deepest recession In the note, the researches expect a stronger sequential rebound of 20 per cent

Coronavirus Update:76% of Maharashtra cases from Mumbai; India tally at 96169 India update : With 5,242 new cases, India has recorded its highest single-day jump in its number of total  coronavirus  cases. The country's tally has risen to 96,169. According to the Ministry of Health and Family Welfare, 3,029 people have died from the disease and 36,824 have recovered so far. From today, India enters the fourth phase of its nationwide  lockdown.  Restrictions under Section 144 of CRPC have been extended for the next three months in Chhattisgarh.   District-wise details of the new  lockdown  phase, in force till May 31, will be announced today.  Lockdown  4.0 comes with some relaxations to pave the way for an increased movement of people and to facilitate more economic activity.  Meanwhile, India has backed calls to identify how the Sars-CoV-2 virus that causes Covid-19 was transmitted from animals to humans and conduct an ‘impartial’ evaluation of the World Health Organiza

Auraiya accident: CM Yogi Adityanath announces compensation for family of deceased migrants Lucknow: Twenty-four migrants were killed and more than 30 were injured when the trucks they were travelling in collided at around 3 am in Uttar Pradesh's Auraiya district, about 200 km from the state's capital Lucknow. This is the latest incident where stranded migrant workers - left jobless due to the coronavirus lockdown - have been killed in an accident, triggering an outpouring of nationwide condolences. Desperate to reach their villages, separate groups of migrants had hitched a ride on two trucks from Rajasthan and Delhi; they were headed to Bihar, Jharkhand, UP and West Bengal, according to the officials. One of the trucks was loaded with goods and labourers were sitting on the sacks when they were thrown off the vehicle due to the impact of the collision. "Some people had got down from one of the trucks that stopped at a dhaba to have tea. That was when the collision

Uber will require all drivers and riders to wear masks starting Monday The new policy to be effective Monday will require drivers in many markets to use selfie pictures to certify they are wearing masks before going online Uber will allow riders and drivers an option to cancel a booking if the other party is not using a face covering Washington: Uber said Wednesday it was making face masks mandatory for drivers and passengers, as part of new health and safety protocols aiming to instill confidence in the ride-hailing service as people emerge from coronavirus lockdowns. The new policy to be effective Monday will require drivers in many markets to use selfie pictures to certify they are wearing masks before going online, and will allow riders and drivers an option to cancel a booking if the other party is not using a face covering. "As cities begin to reopen and people start moving again, Uber is proceeding with caution and safety top of mind," chief executive Dara

Coronavirus LIVE: India cases rise to 78,194; global cases at 4,429,883 Coronavirus world update : Globally, 4,429,883 people have been infected by coronavirus as of today, and the total number of deaths from the disease now stands at 298,05 Coronavirus India update state-wise: Maharashtra cases at 25,922, Tamil Nadu 9,227, Delhi 7,798. Stay tuned with Business Standard for Covid 19 LIVE updates on corona cases and death toll worldwide Coronavirus India update: India's total number of coronavirus cases has reached 78,194 and 2,551 people have died from the Covid-19 infection so far, according to Worldometer data. Union Finance Minister Nirmala Sitharaman on Wednesday announced stimulus measures to the tune of nearly Rs 5.94 trillion to provide relief to various constituents of the Indian economy. They are micro, small, and medium enterprises (MSMEs), taxpayers, non-banking financial companies (NBFCs), power distribution companies, the real estate sector, organised-sector e

Chinese coronavirus vaccine could be tested, manufactured in Canada TORONTO : China’s CanSino Biologics, the company behind one of the few coronavirus vaccine candidates already in clinical trials, is collaborating with Canada’s National Research Council to “pave the way” for future trials in Canada, the research council said on Tuesday. The NRC said it would scale up a production process for CanSino’s vaccine candidate at a government facility in Montreal, and that CanSino was preparing a clinical trial application for Health Canada, the country’s drug regulator. The CanSino vaccine is in early trials, and there is no way to know whether it will work. But if it does, the collaboration could help ensure that Canadians have access to it. Local trial data could reassure Health Canada that the vaccine is safe, and local manufacturing could ensure some doses are at hand. A vaccine that protects people from the coronavirus could eventually end the pandemic, but finding one that w

The second phase of return of Indians from abroad will start from May 16, 149 flights will come from 31 countries in 7 days. Today, the sixth day of the first phase, Indians will return in 12 aircraft from 9 countries There is a plan to bring 14 thousand 800 people by May 15 in the first phase of Vande Bharat Mission. The second phase of Vande Bharat, the mission to return the country of Indians trapped abroad due to Corona, will start from May 16. This phase will last for seven days i.e. 22 May. During this time, 149 flights will come from 31 countries. The maximum 13 flights will come from the US. News agency ANI has given this information by quoting sources. The first phase of Vande Bharat Mission started on 7 May. In which countries will Indians be brought from the second phase? US, UAE, Canada, Saudi Arabia, UK, Malaysia, Oman, Kazakhstan, Australia, Ukraine, Qatar, Indonesia, Russia, Philippines, France, Singapore, Ireland, Kyrgyzstan, Kuwait, Japan, Geor

Rs 20 lakh crore Covid package Prime Minister Narendra Modi Tuesday announced a Rs 20 lakh crore economic package due to the "unprecedented crises" caused by the novel coronavirus. This is 10 per cent of India's GDP. "One virus has destroyed the world. This is an unprecedented crisis. We have to protect ourselves and move ahead as well," he said in an address to the nation. The details of the economic package will be announced by Finance Minister Nirmala Sitharaman in the coming days. PM Modi's address comes a day after he held a marathon six-hour meeting with chief ministers, and five days before the third phase of the nationwide coronavirus lockdown is to end. 20 लाख करोड़ का कोविद पैकेज प्रधानमंत्री नरेंद्र मोदी ने मंगलवार को उपन्यास कोरोनवायरस के कारण "अभूतपूर्व संकट" के कारण 20 लाख करोड़ रुपये के आर्थिक पैकेज की घोषणा की। यह भारत की जीडीपी का 10 फीसदी है। "एक वायरस ने दुनिया को नष्ट कर दिया है। यह एक अभूतपूर्व संकट है। हमें अपनी

Lockdown: Three thousand crore liquor stock deposited with restaurants and hotels During the lockdown, the government gave permission to open liquor shops. After this, huge crowds began to gather outside the liquor shops, which increased the chances of spreading corona. Many state governments then started online liquor sales to reduce congestion outside shops. States like Delhi and Chhattisgarh are among these. At the same time, now companies providing online facilities related to restaurants, bars and catering have also requested the government to be given permission to do home delivery of liquor. These companies say that this will also ensure social distance between people in this era of virus infection. They say that their industry has collapsed due to the lockdown and their permission may be back on track with the permission of the government. The All India Brewers Association (AIBA), an association of beer-making companies, has suggested that e-commerce companies like Flip

Five 'COVID-19 positive' pilots of Air India report incorrect, redesigned test. In the second investigation of five Air India pilots found infected with the Corona virus, the infection has not been revealed. It is being said that the positive report that came on Saturday was found to be wrong. New Delhi: In the second investigation of five Air India pilots found infected with Corona virus, the infection has not been revealed. It is being said that the positive report that came on Saturday was found to be wrong. As a precaution, all pilots were re-examined with priority. In the second investigation also no infection has been revealed. Its report came on Monday evening. Although two other personnel besides the pilot were also found to be Corona positive, their report is not clear so they have been quarantined. Let us know that on Sunday, in the investigation of these five pilots of AI, corona virus infection was found. He was tested one after the other. According to sour

Rail journey starts from today All Howrah-Delhi train first AC and third AC tickets were sold out in 10 minutes; Mumbai-Delhi train does not have tickets till May 18  Reservation of special train of Howrah-Delhi route on May 13 also became full in 20 minutes. IRCTC website was crashing due to load, so booking started at 6 pm instead of 4 pm. New Delhi: IRCTC started booking tickets for special trains from 6 pm on Monday. During this time, tickets for first AC and third AC of Howrah-Delhi train were sold in just 10 minutes. Actually, earlier this booking was to start at 4 pm, but the site crashed due to increasing load. This led to a 2-hour late booking. After the ticket booking started, all the tickets of AC-1 and AC-3 of Bhubaneswar-New Delhi special train were sold till 6:30 PM. Till now May 18, tickets are not available in any class on Mumbai-Delhi train. 1) Howrah-New Delhi The May 12 reservation of the special train on this route was completed in a few

Corona virus  update: COVID-19 cases in India top 70,000, Maharashtra alone reports 23,000 cases Corona virus  India cases have crossed 70,000-mark taking positive patients toll to 70,756 including 2,293 deaths and 22,455 recovered, according to the health ministry's figures released on Tuesday. Corona virus India cases have crossed 70,000-mark taking positive patients toll to 70,756 including 2,293 deaths and 22,455 recovered, according to the health ministry's figures released on Tuesday. Prime Minister Narendra Modi on Monday interacted with chief ministers to decide further road map for lock down and its exit strategy via video conferencing. The meeting started at 3 pm on Monday and went on around 9 pm. This was PM Modi's 5th such meeting with the chief ministers ever since lock down has been imposed in the country. After the meeting with CMs, PMO quoted PM saying, "Even as we look at the gradual withdrawal of the lock down, we should constantly reme

Gujarat CMs Pitch For Lock down Extension To PM Modi In Key COVID Meet. Gujarat Chief Minister Vijay Rupani on Monday said that the economic activities in the country can not be blocked for a long time and the lock down should be limited to containment zones with strict implementation. Gujarat Chief Minister Vijay Rupani on Monday said that the economic activities in the country can not be blocked for a long time and the lock down should be limited to containment zones with strict implementation. He further said that schools and colleges should open after the summer holidays. Prime Minister Narendra Modi is holding a meeting with chief ministers to discuss the road ahead for a lock down exit strategy. This is the fifth such meeting of Modi with the chief ministers ever since the country entered into lock down to contain the spread of corona virus. They discussed ways to strengthen the COVID-19 containment strategy and stepping up of economic activities in a calibrate

New education policy to meet vision of Mahamana: HRD Minister Union Human Resource Development Minister Dr Ramesh Pokhriyal “Nishank" said that as vision of new Mahamana Pt Madan Mohan per Malviya, new education policy will be based on Vedic knowledge and modern science. It will come true to the expectations of Mehonmana. He virtually inaugurated the three days National Webinar on "COVID-19: The Mahamana's Indian Vision in Global Context" organised by Mahamana Malaviya Mission, Banaras Hindu University (BHU), Varanasi. The webinar began on Saturday with mantras and kulgeet.  "Whole world is looking towards India. At present, the ideas of Mahamana are certainly very important for us. Our cultural heritage is our strength. Based on vision of Mahamana, we will bring new education policy that will be based on Vedic knowledge and modern science. It will come true to Mahamana's vision and meet his expectations. Ancient knowledge should become part of discipl

Nagpur: A 51-year-old patient of severe acute respiratory illness (SARI), who was admitted at the Government Medical College and Hospital (GMCH), was among the 13 people to test positive for Covid-19 on Saturday. The patient is a resident of Jawahar Nagar near Manewada which is another new area of spread. The number of cases from new areas has increased to eight in the last four days. With Saturday's cases, the total positives in the district is 283. _________________________________________________________________________________ नागपुर: गवर्नमेंट मेडिकल कॉलेज एंड हॉस्पिटल (जीएमसीएच) में भर्ती एक गंभीर श्वसन रोग (SARI) का 51 वर्षीय मरीज शनिवार को कोविद -19 के लिए सकारात्मक परीक्षण करने वाले 13 लोगों में शामिल था।  मरीज मानेवाड़ा के पास जवाहर नगर का निवासी है जो प्रसार का एक और नया क्षेत्र है।  नए क्षेत्रों से मामलों की संख्या पिछले चार दिनों में बढ़कर आठ हो गई है।  शनिवार के मामलों के साथ, जिले में कुल सकारात्मक 283 है।