“We see other signs of this fragility everywhere, from the increasing risk of nuclear proliferation to the lawlessness of cyberspace. Ignoring these warning signs is senseless arrogance. Existential threats demand humility, unity and solidarity,” he said adding that the world cannot contemplate a return to the same failed priorities and systems. … [Read more...] about COVID-19 could cause $8.5 trillion loss in global output: UN chief Antonio Guterres
Cammack identified three major shifts in the global economy
The EXIM Bank provides financial assistance to exporters and importers with a view to promoting the country's international trade. In view of the COVID-19 pandemic, however, global trade contracted sharply and global financial markets have turned highly volatile and risk averse, especially to emerging market economies (EMEs). … [Read more...] about COVID-19 impact: RBI announces measures to support foreign trade
"As some of these units are yet to resume operations and owing to the fact that the statutory timelines for submitting the requisite financial returns have been extended by the Government, these Estimates are based on the available data," the release said. … [Read more...] about GDP numbers: Data collection affected due to COVID-19 outbreak, says government
Israel, on the other hand, is gearing up for large scale serology tests in order to gauge the proportion of population which has developed antibodies against the novel coronavirus. Israel, whose aggressive response to the coronavirus has held its fatality rate to a fraction of those of the United States and other hard-hit nations, is readying a nationwide serological test of 100,000 citizens. Moshe Bar-Siman-Tov, director-general of Israel’s Health Ministry, said that if antibody tests show a sizable portion of the population has developed antibodies, that could mean Israel is on its way to “herd immunity” and would be well equipped to withstand further outbreaks. Meanwhile, studies have estimated the percentage of Israelis with antibodies range widely, from less than 1% to upward of 10%. … [Read more...] about In-Depth: Is Herd Immunity our best bet in the fight against coronavirus?
The Union government has continued its reform initiatives and the pandemic has not stopped it. It has recently initiated the ambitious process of reforming and streamlining labour laws under four codes; the process is yet to pass the legislative procedures. Another major decision taken recently was to make the ration cards portable across all the states. The scheme was already launched as a pilot project and will bring much-needed relief to the migrant workers once it is fully implemented. … [Read more...] about Modi Govt 2.0 | Bold steps with a focus on long-term reforms