Connect with us

India news

Corona Shock: Excluding India and China Full Impact On Indian economy

Published

on

In the event of health and financial turmoil .. the results will be worse

The United Nations has warned that the global economy is set to plunge into recession this year as the global economy is forecast to lose trillions of dollars due to the coronavirus pandemic. The threat posed by the two-thirds of the world’s population is due to the unprecedented economic loss in developing countries. The United Nations Trade Development (UNCTAD) Conference estimates that a $ 2.5 trillion aid package is needed to help developing countries cope with the crisis.

news

The company has released a report titled ‘Covid-19 Shock for Developing Countries’. The country’s economies, which are largely dependent on exports of consumer goods, will need $ 2 to 3 trillion in foreign investment over the next two years to get back into the groove. The health crisis is expected to worsen in many developing countries. It predicts that in the event of a health crisis, these countries will get into more economic hardship. It is commented that the combination of the financial health crisis is very bad. So the health care system in those countries is looking for ways to strengthen services.

The world into economic depression – UN

Compared to the 2008 global financial crisis, pandemic  coronaUNCTAD says the economic shock will hit developing countries heavily. The global economy is expected to lose global revenues in trillions of dollars this year. It is said to be causing serious trouble for developing countries except China and India. UNCTAD Secretary-General Mukhiza Kitui said the ongoing economic downturn is difficult to predict, but there are clear indications that conditions are likely to worsen before emerging economies improve. The $ 2-3 trillion rescue package is to be allocated to developing countries over the next two years in the wake of this year’s economic tsunami. China, along with developed countries, has poured huge funds into their economies to avoid recession, Recall that the G20 alliance also recently decided to pump 5 trillion Daughters into their economies. It sounds like an unusual response to an extraordinary crisis. “This year, the global economy is slipping into recession, losing millions of dollars. This is a very troubling topic for developing countries. However, the impact of the recession may not be on India and China.

Four Point Recovery Plan

This is a four point recovery plan. Financial allocations beyond the 2009 allocations should now be made in response to the global financial crisis. Weak financial institutions need to invest more than a trillion dollars. As a second step, Germany must abolish loans to economies of pressure for countries under pressure, such as the abolition of half of Germany’s debt after World War II. Or should be significantly reduced. The third step is to provide $ 500 billion for emergency health services and related social assistance programs in poor countries. Finally, it calls for the countries to implement controls to reduce the already increasing capital inflow from these developing countries.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

India news

“If the government parties do not want to sit in the street, then”;

Published

on

By

The central government has decided to reduce excise taxes on gasoline and diesel in the wake of the increased policy. On Saturday, Union Finance Minister Nirmala Sitharaman tweeted about it. “We are reducing the central excise duty by Rs 8 per liter on petrol and Rs 6 per liter on diesel. This will reduce petrol by Rs 9.5 per litre, and diesel by Rs 7 per litre, Sitharaman said. After this, the leader of The Devendra opposition has attacked the Thackeray government following this decision.

Many thanks to Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for the decision to reduce the central tax on petrol and diesel by Rs 8 and Rs 6 per litre, respectively! For this, the central government will bear a charge of Rs 1 lakh crore every year. Prime Minister Narendra Modi’s government has also decided to give a subsidy of Rs 200 per cylinder to recipients of Pradhan Mantri Ujwala Yojana, thus a financial burden of Rs 6,100 crore will be incurred,” said Devendra Fadnavis.

Prime Minister Narendra Modi has once again shown that the Modi government at the Center is the common man’s government in this country. The welfare of the poor is a very important issue for them and they constantly fight for it. He has given the same answer once again from these decisions. Now, I once again request the Chief Minister and the Government of Maharashtra to take the initiative to reduce the taxes on gasoline and diesel and provide more relief to the common man. Because the rates in Maharashtra are the highest. The ruling parties do not want to sit in the streets, they want to give relief to the people,” Fadnavis said.


Continue Reading

India news

“This government belongs to dishonest children, they are in the sea…”, offensive statement from the BJP MLA! | …

Published

on

By

A few days ago, the Supreme Court ordered the state government to declare local body elections in the state within 15 days. Thus, while expressing a strong feeling that the OBC reserve is gone, the Opposition has targeted the Maharashtra Government. BJP has criticized the state government for killing the OBC reserve. In this regard, BJP MLA Babanrao Lonikar’s tongue slipped as he spoke to citizens in the Mantha city of Jalna. He criticized the state government in offensive language. Reactions to his statement are now beginning to surface.

“Government Thieves, Lafange Ministers”

“If this information had been delivered to the Supreme Court by collecting Imperial data and conducting a triple test, an OBC reservation of one thousand percent would have been read. But this government and its ministers, liars, scoundrels, scoundrels should be drowned in the sea. These liars were constantly saying that Modi, the central government should give us the data,” said Babanrao Lonikar.

“Data collected during Manmohan Singh’s rule”

“Manmohan Singh was the prime minister of the country. In Delhi, Maharashtra was ruled by the Congress. The whole country was under the control of the Congress. That was when the survey was done. There were 69,000 errors in it. The Manmohan Singh government never has not released that data to any state. Congress hasn’t released that data in its 50 years of existence. But the OBC ministers in the state are making the scene. They’re giving speeches with scarves around their necks. They’re speaking in the media.” Lonikar said.

“Go to the villages and tell them…”

Speaking at the occasion, Lonikar called on those present to speak about government from town to town. “Go to the villages and tell them that this is a dishonest child. The snake is not visible in the vegetation. We have to explain to the villagers how poisonous this three-winged snake is in Maharashtra,” Lonikar said.


Continue Reading

India news

Aurangabad was rocked by two murders; One Sided College Girl All Day…

Published

on

By

The city of Aurangabad was shaken by the killings that took place in the morning and around noon. Two days ago, a man murdered his girlfriend and committed suicide in Aurangabad. While the incident was fresh, a 19-year-old girl was killed near the university on Saturday (May 21) out of one-sided love. The defendants in both cases have been acquitted. The deceased 19-year-old student and her killer were both from the same community, police said.

In another incident, Sabir Shah Qasim Shah (36) and Farhan Khan Nizam Khan (19, both Cuttackgate water tank residents) got into an argument at the Jinsi police station on Friday over a minor altercation. Farhan hit Sabir Shah in the stomach with a sharp object near him, seriously injuring him. Sabir Shah is receiving treatment at Ghati Hospital. However, the doctors pronounced him dead in the morning.

The police arrived at the scene in a case of one-sided love

One case has been recorded in this regard, said Jinsi Police Inspector V. METRO. Kendra gave. Senior officials including API Magare from Kendra visited the site. Tangde Criminal Investigation Squad Deputy Inspector Sunil Jadhav has been dispatched to Naregaon to search for the accused. A forensic team has been called to the scene. Panchnama was also performed by Sub-Inspector Harun Sheikh’s team.

Also read: Two murders at midnight in Aurangabad, murder of a woman along with a young man

Meanwhile, the defendant has a large gang that includes all minors and children up to 18 years of age. Many of them are in the business of only selling buttons at night. The police are investigating in that direction.


Continue Reading

Trending

Copyright © Tmesnowindia.com Latest news headlines from India & around the world. Check out today's news coverage live, The Times of India is an Indian English-language daily newspaper and digital news media owned and managed by The Times Group. It is the third-largest newspaper in India by circulation and largest selling English-language daily in the world. Bennett, Coleman and Company Limited, is an Indian media conglomerate headquartered in Mumbai, Maharashtra. The company remains a family-owned business with Sahu Jain family owning a majority stake in The Times Group.

Times Now India Business Tribune The Business News