IMF projects India’s growth rate at 1.9% in 2020, forecasts global recession due to COVID-19
Washington: The IMF on Tuesday projected a GDP growth of 1.9 per cent for India in 2020, as the global economy hits the worst recession since the Great Depression in the 1930s due to the raging coronavirus pandemic that has nearly stalled all economic activities across the world. With this subdued forecast, India is likely […]
Coronavirus could see UK GDP fall 13 per cent in 2020: watchdog
London: Britain’s economy could shrink by 13 per cent in 2020 in the case of a three-month coronavirus lockdown, according to a scenario published Tuesday by fiscal watchdog the Office for Budget Responsibility. “The resulting 13 per cent fall in annual GDP in 2020 would comfortably exceed any of the annual falls around the end […]
Stock markets rise as China data beats forecasts
London: Stock markets mostly rose on Tuesday as better-than-expected Chinese trade data lifted the economic gloom wrought by the coronavirus pandemic. Oil prices fell, despite US President Donald Trump claiming that producers were mulling a global daily output cut of 20 million barrels. And the dollar dropped against main rivals, helping to push gold above […]
Lockdown proves bitter for honey collectors in JK
Jammu: The lockdown due to coronavirus has posed a grave challenge to the migratory beekeepers, who chase blossoms from one state to another, and they are looking for support from both the administration and the people to keep their trade alive. Many of the apiarists have reached different parts of Jammu region from outside the […]
Cap prices of essential commodities, say south Kashmir residents
Say Gas agencies are taking money for Ujwala scheme deliveries
Pulwama: As a strict lockdown has been ensured in different parts of South Kashmir, vendors have been taking the people for a ride as they have resorted to brazen loot by fixing prices of essential commodities on their own. As the local authorities are bust in fighting the Covid-19 pandemic the vendors have started hording […]
24X7 control room works at Lakhanpur
Ensures movement of trucks with essential supplies, ambulances amidst lockdown
JAMMU: Amidst lockdown in Jammu and Kashmir, a 24X7 control room at Lakhanpur is working overtime to ensure that all essential supplies reach to every part of the Union Territory and no shortage of any item is felt by people. The control room established on 29 March by the administration at Lakhanpur has been acting […]
Advisor Sharma discusses Agri scenario with Union Minister
Enumerates steps being initiated by JK in view of the Pandemic
JAMMU: Advisor to Lt. Governor, K K Sharma, Thursday participated in a meeting chaired by Union Agriculture Minister, Narendra Singh Tomar, Union Ministers of State Agriculture Parshottam Rupala and Kailash Choudhary, Secretary (DAC&FW) Sanjay Agarwal through video conferencing to discuss the state of affairs in Agriculture and its allied sectors in view of prevailing sitiuation […]
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, […]
Corona scare: Business houses, DIC extend help to stranded labourers, people under quarantine
JAMMU: The leading business houses, in an endeavor to extend help to the labourers stranded due to lockdown and those being quarantined for COVID-19 pandemic in Jammu, have provided sanitizers, hand gloves and surgical masks to the concerned for further distribution. About 60,000 labourers, stranded in Jammu district besides people under observation at various Quarantine […]
Lockdown proving a dead bolt for small time farmers
Our produce gets spoiled amid closure, says farmers
Pulwama/ Shopian: Vegetables farmers are badly hit by the lockdown and restrictions imposed by the government to avoid the spread of covid-19. Marginal and small time farmers who make their living by cultivating vegetables in different areas of Kashmir say that they are worried as the vegetable produce gets spoiled as nobody is willing to […]