Last Updated: 10 Apr 2020 07:25 AM

India Top Stories

Times of India

  • Government exempts customs duty, cess on ventilators, surgical masks, PPE, Covid-19 test kits

    The government on Thursday removed customs duty and health cess on ventilators, face and surgical masks, personal protection equipment and Covid-19 test kits with a view to boost availability of these products in the country to fight Covid-19 pandemic. These exemptions will also be applicable on inputs used to manufacture these items and will be up to Sept 30 2020.

  • Covid-19: AI crew upset with medical facilities

    Air India (AI) crew members operating flights to fly Indians and foreigners to their homes — have sought proper medical and prevention facilities from the airline. Employees of all categories have requested to allow home testing for staff members and their family members. The employees are reportedly upset with AI medical dept’s handling of the situation.

  • Virus crisis is chance for India to reform economy

    India is facing its biggest crisis in decades, with a three-week lockdown in a nation of 1.3 billion people likely to result in economic recession, millions of job losses and possible starvation among the poor. Observers now feel that this could be a chance for India to enact sweeping reforms to fix ailing sectors and attract more foreign investment to the country.

  • US economy purged 17 million jobs amid pandemic

    US unemployment is rising at a jarring rate, with data on Thursday showing 17 million have lost their jobs since mid-March, as officials scramble to apply a tourniquet to stem the damage from the coronavirus pandemic. The Federal Reserve launched a series of new lending programs to pump $2.3 trillion into the damaged US economy, reassuring people of a revival.

  • Worst economic fallout since Great Depression: IMF

    The year 2020 could see the worst global economic fallout since the Great Depression in the 1930s, with over 170 countries likely to experience negative per capita income growth due to the raging coronavirus pandemic, IMF MD, Kristalina Georgieva said on Thursday. The Great Depression was the worst worldwide economic downturn that lasted for 10 years from 1929.

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