Covid Hit Economy

Xiaomi reported a 20 percent drop in revenue year-on-year, as the smartphone giant felt the sting of Covid-19 curbs and restrictions in China. The firm’s stock price has tumbled nearly 40 percent since the start of 2022, hit by the slowing Chinese economy and weakening overseas growth.

The share of remittances from the Gulf Cooperation Council (GCC) region to India has declined in 2021, the Reserve Bank of India said, reflecting a slower pace of migration and the presence of the Indian diaspora in informal sectors that were hit the most during the pandemic period.

China, which once boasted of a robust defence against COVID-19 pandemic, is now hit hard by the return of the virus.

In the last few weeks, China has seen its worst COVID outbreak since the initial height of the pandemic in early 2020 when the economy slumped. The latest surge in cases could hit first-quarter gross domestic product by at least half of a percentage

Finance Minister Nirmala Sitharaman presented a Rs 39.45 lakh crore Union Budget 2022 in the Parliament today. The major part of the spending would be on highways to affordable housing, in a bid to revive the economy hit by the Covid pandemic.

India's fuel consumption in December scaled a nine month peak, government data showed, although a fresh Covid wave may slow the recovery of demand

Omicron variant of Coronavirus will hit GDP for March quarter of 2021-22 by 0.40 per cent and cut 0.10 per cent from the overall growth of the fiscal

Australia on Wednesday reopened borders to vaccinated skilled migrants and foreign students after a near two-year ban on their entry, in a bid to boost an economy hit by stop-start COVID-19 lockdowns and restart international travel.

Manufacturers are raising prices to pass on to consumers some of the burden of costlier energy and raw materials, which threatens to dent demand

''....the hit that COVID caused on the Indian economy and especially on the informal sector of the Indian economy which is large," said David Malpass, World Bank, President

Government has decided to extend the duration of the Emergency Credit Line Guarantee Scheme till March 31, 2022

The economic growth during the current financial year i.e. in 2021-22 has been revised to 9 per cent from its earlier estimate of 8.5 per cent by ICRA

President Ram Nath Kovind on Saturday said the Covid pandemic hit the country's economy hard and the government has taken various fiscal measures to alleviate distress and help the poor.

Changes in India's fuel demand patterns are crucial for global oil markets as Asia's third-largest economy is seen as the main driver of rising demand for energy over the next two decades

Relaxation in restrictions and a lower-than-expected hit to the economy from the second wave of the pandemic is fueling hopes of a faster recovery in coming months

Xiaomi reported a 20 percent drop in revenue year-on-year, as the smartphone giant felt the sting of Covid-19 curbs and restrictions in China. The firm’s stock price has tumbled nearly 40 percent since the start of 2022, hit by the slowing Chinese economy and weakening overseas growth.

The share of remittances from the Gulf Cooperation Council (GCC) region to India has declined in 2021, the Reserve Bank of India said, reflecting a slower pace of migration and the presence of the Indian diaspora in informal sectors that were hit the most during the pandemic period.

China, which once boasted of a robust defence against COVID-19 pandemic, is now hit hard by the return of the virus.

In the last few weeks, China has seen its worst COVID outbreak since the initial height of the pandemic in early 2020 when the economy slumped. The latest surge in cases could hit first-quarter gross domestic product by at least half of a percentage

Finance Minister Nirmala Sitharaman presented a Rs 39.45 lakh crore Union Budget 2022 in the Parliament today. The major part of the spending would be on highways to affordable housing, in a bid to revive the economy hit by the Covid pandemic.

India's fuel consumption in December scaled a nine month peak, government data showed, although a fresh Covid wave may slow the recovery of demand

Omicron variant of Coronavirus will hit GDP for March quarter of 2021-22 by 0.40 per cent and cut 0.10 per cent from the overall growth of the fiscal

Australia on Wednesday reopened borders to vaccinated skilled migrants and foreign students after a near two-year ban on their entry, in a bid to boost an economy hit by stop-start COVID-19 lockdowns and restart international travel.

Manufacturers are raising prices to pass on to consumers some of the burden of costlier energy and raw materials, which threatens to dent demand

''....the hit that COVID caused on the Indian economy and especially on the informal sector of the Indian economy which is large," said David Malpass, World Bank, President

Government has decided to extend the duration of the Emergency Credit Line Guarantee Scheme till March 31, 2022

The economic growth during the current financial year i.e. in 2021-22 has been revised to 9 per cent from its earlier estimate of 8.5 per cent by ICRA

President Ram Nath Kovind on Saturday said the Covid pandemic hit the country's economy hard and the government has taken various fiscal measures to alleviate distress and help the poor.

Changes in India's fuel demand patterns are crucial for global oil markets as Asia's third-largest economy is seen as the main driver of rising demand for energy over the next two decades

Relaxation in restrictions and a lower-than-expected hit to the economy from the second wave of the pandemic is fueling hopes of a faster recovery in coming months