France says heading for worst recession since WWII
Paris: France is facing its deepest recession since the end of World War II because of the widespread lockdown to stem the coronavirus crisis, Finance Minister Bruno Le Maire warned Monday. “The worst growth figure in France since 1945 was -2.2 per cent in 2009, after the financial crisis of 2008. We will probably be […]
COVID-19: PM sees opportunity in slump, says boost ‘Make-in-India’ idea
New Delhi-Prime Minister Narendra Modi on Monday asked Union ministers to prepare plans to fight the economic impact of COVID-19 on war footing and asserted that this crisis is an opportunity to boost the ‘Make-in-India’ initiative and reduce dependence on other countries. Chairing the first meeting of the council of ministers after announcing a 21-day […]
Pollution data shows early signs of China recovery: IMF
Washington: The global recession caused by the coronavirus pandemic will be worse than in 2009, but early signs of a recovery are appearing in China, including renewed pollution, IMF economists said Monday. “The COVID-19 pandemic has pushed the world into a recession. For 2020 it will be worse than the global financial crisis,” the authors, […]
Authorities distribute masks among rural people to combat COVID-19
Jammu: The rural development department of Jammu and Kashmir has initiated a slew of measures, including distribution of masks and sanitiser, for containment and mitigation of the coronavirus outbreak in the rural areas. Giving details, Director Rural Development Department in Jammu Sudershan Kumar told PTI that the staff of the department and elected panchayat members […]
Army destroys two mortar shells
Jammu: The bomb disposal squad of the army on Monday destroyed two live mortar shells fired by Pakistani troops to target forward posts along the Line of Control (LoC) in Poonch, officials said. The 81 mm shells had remained unexploded during the recent cross-border shelling by Pakistan and were noticed in the Balakote sector, they […]