COVID 19 RECOVERY RATE
Does COVID-19 cause long-term health issues like mini-strokes, pulmonary scarring, and irritable bowel syndrome? Details here
Scientists found that mild COVID-19 infections can cause long-term health issues years later, such as gastrointestinal and neurological problems. This highlights the broader impact of past infections, with inflammation likely playing a significant role in these delayed health effects.
Why have 39 US states witnessed COVID-19 surge? Know about reasons, new variants, common symptoms and more
There is a summertime spike in COVID-19 cases in 39 states in the United States. Reduced immunity, low vaccination rates, new COVID-19 variations, and an increase in indoor meetings are the main causes of this surge.
Bengal government withdraws 2% stamp duty, 10% circle rate relief for real estate sector
The West Bengal government has decided to end temporary relief measures for the real estate sector, including a 2 per cent stamp duty reduction and 10 per cent circle rate slash, effective July 1. Initially introduced in October 2021 to combat COVID-19 economic impacts, the benefits were extended multiple times. Sushil Mohta, of CREDAI West Bengal, expressed gratitude for the measures but urged a reconsideration, emphasizing the sector's significant contributions to the state's economy.
Xi says China planning 'major' reforms ahead of key political meeting
Chinese President Xi Jinping said Friday the ruling Communist Party was planning and implementing "major" reforms, ahead of a closely watched political conclave that is expected to put economic recovery high on the agenda. Xi said in a speech on Friday policymakers "are planning and implementing major measures to further deepen reform in a comprehensive manner".
Is the US facing a surge in COVID-19 cases? Symptoms, variants, vaccines and other details
The US is facing a summer surge in COVID-19 cases. The new variants are spreading and this has yet again raised the importance of taking precautions.
Sri Lanka reaches deal on debt restructuring with bilateral creditors including India, China and France
Sri Lankan President Ranil Wickremesinghe announced a debt restructuring deal with India, France, Japan, and China, a critical step in economic recovery after the 2022 debt default. Under an IMF bailout program, the agreement is expected to revive stalled foreign projects. Sri Lanka declared bankruptcy in 2022 due to economic mismanagement, COVID-19 impacts, and tax cuts. The deal defers loan payments until 2028 and extends repayment until 2043. Supporters celebrated the announcement in Colombo as it promises to restart crucial infrastructure projects.
- Go To Page 1
China central bank boss says no major stimulus to boost economy
The country's recovery from the impact of Covid has slowed in the months since it abruptly lifted tough restrictions in late 2022, with a property crisis and tepid consumer demand weighing on growth.
Informal sector shows resilience, witnesses recovery post-pandemic: Survey
The informal sector faced a severe blow during the second wave of the pandemic, leading to a reduction in the number of units and workers. However, a gradual recovery was observed after the July quarter of 2021, according to the findings of an official survey reported by TOI. The annual survey of unincorporated sector enterprises (ASUSE) revealed the resilience of the informal sector, with the total number of establishments increasing from 5.8 crore in 2021-22 to 6.5 crore in 2022-23, marking a growth of nearly 5.9%.
Best Massagers for relaxation, pain relief, and enhanced muscle recovery
Uncover the best massagers for soothing relaxation and effective pain relief. This collection offers top handheld, electric, and deep tissue massagers, detailing their features and benefits. Whether you seek to alleviate muscle tension, improve circulation, or enhance your wellness routine, find the ideal massager to meet your needs and preferences.
FMCG and consumer durables poised for growth : Trideep Bhattacharya
I think the market has taken comfort over the last few days since the election result has come out, until yesterday that the ministries have been announced that broadly speaking the policy directive is likely to remain the same.
Microlenders’ books up 24.5%, asset quality improves
The microfinance market expanded by a fourth in FY24 with improved asset quality, driven by better loan recovery. Data from the Microfinance Institutions Network (MFIN) shows a 24.5% growth in the gross loan portfolio to ₹4.34 lakh crore.
Higher property prices, changes in law to boost debt recovery from stressed realty projects: Report
The recovery of debt from stressed residential realty projects is expected to increase in the current financial year due to rising property prices and regulatory changes. Crisil forecasts a bad loan recovery rate of 16-18% by FY25, driven by improved project viability, strong demand, and investor interest. Recent amendments to IBBI regulations are also seen boosting real estate asset resolution. With residential realty demand projected to grow by 10-12% and low unsold inventories, ARCs are expected to expedite the turnaround of stressed projects.
ARCs to see 5-7% higher recoveries from residential realty in FY25: CRISIL Ratings
Additionally, recent amendments to the Insolvency and Bankruptcy Board of India (IBBI) regulations are expected to expedite the resolution of stressed real estate assets in the medium term, enhancing the overall recovery process for ARCs.
'Kaun hain Narendra Modi?' Congress criticizes PM before his oath-taking ceremony
Congress listed 15 reasons questioning 'Kaun hain Narendra Modi?' including allegations of misleading public with trivial issues during elections. The opposition has launched a direct attack on Modi following a surprising performance in the Lok Sabha elections on June 4th. In a strong showing, the INDIA bloc won 232 seats, with Congress winning 99 seats. The INDIA bloc also won a majority of seats in India’s most populous state, the BJP-ruled Uttar Pradesh.
Domestic air passenger traffic grows 5.1 pc to about 138.9 mn in May: ICRA
In May, domestic air passenger traffic grew 5.1% YoY to 138.9 million, 14% higher than pre-Covid levels, as per Icra. The Indian aviation industry outlook is stable with a continued recovery in passenger traffic and stable cost environment, expecting the trend to continue in FY2025.
Modi govt's fiscal consolidation pace post-Covid worse than peers? Moody's report flags weaker fiscal, debt metrics
Moody's rating agency has pointed out that India's fiscal consolidation following the Covid-19 pandemic has lagged behind when compared to its peers. This includes several emerging markets in the Asia-Pacific region.
Timely rescue of firms pushes IBC recovery to 49%
Creditors in India have been able to recover nearly half of their claims under the Insolvency and Bankruptcy Code (IBC) when the resolution is completed within the 330-day deadline. However, delays have lowered the proportion of money recovered. The IBC was introduced eight years ago and has been the most challenging to address due to litigation-related holdups. Experts have called for amendments to the IBC to address this issue.
Trade strains boost cargo rates at pace recalling Covid ‘chaos’
Global goods trade is rebounding, boosting shipping rates and triggering memories of past disruptions for supply-chain managers.
UK recovering faster than expected after slipping into technical recession: IMF
The UK economy is approaching a soft landing, with a recovery in growth expected in 2024, strengthening in 2025, IMF said. Soft landing in economic parlance is managing inflation at comfortable levels without hurting economic growth.
FLiRT variants of COVID-19 'dominate' globally, sparking worries over immune evasion
WHAT IS FLIRT COVID? The FLiRT variants, marked by mutations in the virus' spike protein, including KP.2 now prevalent in the US, have raised questions about immune response and vaccine efficacy. Despite a decline in hospitalizations, experts await updated vaccines targeting these variants amid ongoing surveillance and discussions among regulators.
Left govt in Kerala enters fourth year, CM says extreme poverty will be eradicated by 2025
Kerala CM Pinarayi Vijayan said that while the Union government fails to fill the numerous vacancies in various Central government establishments, including the Indian Railways and other Central public sector undertakings, the Kerala Public Service Commission stands as a model for the entire country. He promised that the Left government will eradicate extreme poverty in the state in the coming year.
New study challenges benefits of healthcare privatisation
A study published in The Lancet Public Health journal highlights the negative effects of healthcare privatisation, particularly in high-income countries like the US, Germany, Canada, and South Korea. The research, led by the University of Oxford, suggests that privatisation seldom improves the quality of care but is associated with higher profits. It challenges the notion that market competition and flexibility in privately-owned healthcare systems lead to better outcomes.
Creditors' haircuts in bankruptcy cases jump to 73 pc in FY24, resolutions taking longer: Report
Creditors' haircuts in bankruptcy resolutions rose to 73% in FY24 from 64% in FY23. 269 resolution plans were approved by NCLTs, with a decline in new admissions due to Covid-19. The average resolution time also increased, impacting CIRPs and entities. NCLT passed liquidation orders for 446 corporate debtors in FY24.
Global life expectancy projected to improve by 5 years in men, over 4 in women by 2050: Study
A global study published in The Lancet predicts nearly five years' improvement in men's and over four years' in women's life expectancy from 2022 to 2050. Enhanced survival rates from diseases like cardiovascular ailments and COVID-19 contribute to narrowing global life expectancy gaps, especially benefiting Sub-Saharan Africa.
Wallet recovery firms buzz as locked-out crypto investors panic in bitcoin boom
Losing access to a crypto wallet is a well-known problem. Investors forgetting their intricate passwords is a primary reason, but loss of access to two-factor authentication devices, unexpected shutdowns of cryptocurrency exchanges and cyberattacks are also common
Nearly 100 cases of Covid's new FLiRT variant KP.2 found in Maharashtra: Here are the most affected cities
Maharashtra identifies 91 cases of the Omicron subvariant KP.2, surpassing the JN.1 variant. Pune records the highest number at 51. Dr. Rajesh Karyakarte notes an increase in cases without a rise in hospitalizations. Other cases reported in various cities. FLiRT variants consist of KP.1.1 and KP.2 strains. Japanese researchers identify unique substitutions in the S protein of KP.2 variant.
What is new Covid variant FLiRT, is it dangerous, and what are the symptoms?
The FLiRT variant, a group of new Covid-19 variants belonging to Omicron's JN.1 lineage, is rapidly spreading in the US. Variants KP.2 and KP 1.1, considered more infectious than previous Omicron variants, are causing concern. Experts warn of a potential new wave of infections in the summer. Symptoms of FLiRT remain similar to other variants. Vaccination and preventive measures are advised.
Covid-like flu affects dozens, here's what we know about the symptoms
A high alert was issued internationally due to a potential public health crisis as 60 people were reportedly affected with a COVID-like flu in Argentina.
JPMorgan CEO Jamie Dimon warns US recession 'not off the table' yet
“The world is pricing in a soft landing, at probably 70-80%,” the JPMorgan Chase & Co. chief executive officer said via video link at the Australian Financial Review Business Summit in Sydney on Tuesday. “I think the chance of a soft landing in the next year or two is half that. The worst case would be stagflation.”
Load More
