As India reels from the impact of the COVID-19 pandemic, the World Bank projects India's economy to shrink by 3.2 percent in the current fiscal year, the worst performance since 1979
Sri Lanka needs well-designed political and economic policy changes for long-term recovery
The government has taken steps to address shortages of fuel and gas to some extent when compared to the earlier situation which had long queues that stretched for kilometres outside fuel and gas stations. But a well-planned recovery plan still cannot be seen that can address the long-term food security issues.
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IAF develops airborne isolation pod for Covid patients
The Indian Air Force (IAF) has developed an Airborne Rescue Pod for Isolated Transportation (ARPIT) for evacuation of critical patients with infectious diseases, including COVID-19, from high altitude areas, and isolated and remote places
Economy to contract even more than estimated earlier: World Bank
The World Bank forecast on Monday that Pakistan’s economy would actually perform even worse than what previous estimates had warned about, citing the COVID-19 fallout
IFC provides $50 million support to Sri Lanka’s Commercial Bank
IFC, a member of the World Bank Group, is providing a $50 million loan to Commercial Bank of Ceylon (ComBank), Sri Lanka’s largest private bank, to help small and medium businesses in the country deal with the adverse economic impacts of COVID-19
'Unlock-1' kicks in but most restaurants to take longer time to reopen
Widely called 'Unlock-1', the first phase of the lifting of lockdown restrictions came into effect on Monday with almost every public and economic activity being allowed outside containment zones, but a majority of the restaurants did not open up
Indian doctor dies of coronavirus in UAE
A doctor from India has died of coronavirus in the United Arab Emirates (UAE), it was reported. Sudhir Rambhau Washimkar, who hailed from the city of Nagpur, passed away at Al Ain Hospital on Saturday, Gulf News said in a report on Sunday
Indian security agencies warn of Chinese espionage attempts
China is aggressively pursuing a diverse range of tactics -- from cyber-attacks to recruiting insiders for economic espionage, Indian security agencies have warned
Ex-Pakistan PM tests COVID-19 positive
Former Pakistan Prime Minister Shahid Khaqan Abbasi has tested positive for the novel coronavirus and was currently quarantined at his house, a PML-N official confirmed on Monday
World Bank projects 1% GDP growth for Pakistan in 2020-21
Contrary to the positive projection of GDP growth rate of 2.3 percent by Pakistan’s economic managers, the World Bank (WB) has projected negative -1 percent GDP growth for Pakistan in upcoming fiscal year 2020-21
314 cases reported on Monday, coronavirus tally hits 3,762
Nepal has reported 314 additional cases of coronavirus transmission on Monday, taking the national tally to 3,762
Sri Lanka’s disaster office given masks, coronavirus clothing by US
The United States has given 48,000 masks, safety goggles and isolation gowns with hoods to Sri Lanka’s Disaster Management Centre in a bid to boost the emergency response capacity during the Coronavirus crisis
Bangladesh records 42 new virus deaths, caseload tops 68,500
Bangladesh has registered 42 new fatalities from COVID-19 in a day, bringing the death toll to 930 as the coronavirus epidemic rages on
Kabul seeks venue for peace talks with Taliban
Afghanistan government is seeking to determine the date and venue of intra-Afghan negotiations, saying the dialogue between the two sides would be held in the near future
Opposition to boycott Monday’s parliamentary sitting
Opposition members in the Maldives will be boycotting the parliament meeting to be held on Monday
Expat turns in MVR 100,000 found roadside to Police
Maldives Police Service revealed Monday that an expatriate turned in cash amounting to MVR 100,000, which was found on a road in Hithadhoo, Addu Atoll
