OECD lowers India’s GDP growth forecast to 5.1%

International agency OECD recently lowered India’s GDP growth forecast to 5.1 per cent from the earlier projection of 6.2 per cent for 2020-21. For the financial year ending March 2019, OECD has projected a growth rate of 4.9%. The main ..

UN releases $15 million to fund efforts to tackle COVID-19

The United Nations recently released $15 million from its Central Emergency Response Fund (CERF) to fund global efforts to tackle COVID-19 (coronavirus). The World Health Organization (WHO) recently upgraded the global risk of the coronavirus outbreak to “very high”, which ..

Fitch Solutions lowers India’s GDP growth to 4.9 per cent in FY20

Fitch Solutions recently lowered its forecast for India’s economic growth to 4.9 per cent in the current fiscal FY 20. The main reason for the cut in rate was weak domestic demand and supply chain interruptions due to the coronavirus outbreak and a ..

Air India flight rescues 119 Indian nationals from the quarantined Diamond Princess Cruise ship

After several passengers and crew members were diagnosed with the coronavirus infection, the Diamond Princess cruise ship has been quarantined in the Port of Yokohama, Japan. Recently, a special Air India flight departed to Tokyo and brought back 119 Indian ..

Singapore develops antibody test to identify COVID-19

The Singapore Ministry of Health announced that an antibody test has been developed by the country’s medical school and it has successfully identified two people, who were infected by the novel coronavirus (COVID-19). The currently used molecular test detects the viral ..

G20 Meeting of Finance Ministers and Central Bank Governors held in Riyadh

The Meeting of Finance Ministers and Central Bank Governors from G20 nations was recently organised in Riyadh from February 22-23, 2020. The delegates from across the world attended the meeting, which focussed on maintaining the growth of global economy amid ..