The Indian Ministry of Health data said that India recorded a record daily increase in infections with the Coronavirus, amounting to 386,452 Friday, April 30, while the number of deaths from the virus jumped 3,498 during the past twenty-four hours. According to Reuters statistics, India has added 7.7 million cases …
Read More »India Overtakes Brazil to Become The Second Largest Country in Terms of Cases
Data from the Indian Ministry of Health, Monday, April 12, showed that 168,912 new cases of coronavirus were recorded within 24 hours, which pushes the Asian country to overtake Brazil and occupy second place in the world in the number of coronavirus cases infections. According to Reuters data, the total …
Read More »UK and EU Working on Vaccine Cooperation as New Variant Emerges in India
The United Kingdom (UK) and the European Union (EU) released a joint statement, expressing aim for cooperation and creating a win-win situation by expanding vaccine supply for all citizens. “We are all facing the same pandemic and the third wave makes cooperation between the EU and UK even more important. …
Read More »India Could Soon Ban Cryptocurrencies
A new draft law in India could soon force a ban on cryptocurrencies, Reuters reported, citing government sources. The law would criminalize the possession, issuance, mining, trading of crypto assets, imposing fines on any violations, after a six-month grace period allowing investors to liquidate their digital assets. The Indian government …
Read More »Indian Economy Recovers from Recession in Q4 of 2020
India’s gross domestic product (GDP) expanded by 0.4% on an annual basis during the fourth quarter (Q4) of 2020, data showed on Friday. Revised readings showed that the Indian economy contracted by 7.3% in Q3 and by 24.4% in Q2 of last year, according to figures by the Indian National …
Read More »India’s fuel demand declined 15.6% year-on-year in August
Fuel demand in India fell 15.6% in August compared to the same month last year, as data released by the Petroleum Planning and Analysis at the Ministry of Oil showed that total fuel consumption, an indicator of oil demand, reached 14.39 million tons. Gasoline sales were 7.5% lower than a …
Read More »Moody’s: India’s GDP to Contract 3.1% in 2020
In its latest Global Macro Outlook published on Tuesday, Moody’s Investors Service said India’s economic recovery will face a tough path amid adverse real economy and bank weakness. In its latest Global Macro Outlook published on Tuesday, Moody’s Investors Service said India’s economic recovery will face a tough path amid …
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