The International Monetary Fund (IMF) projects India to be the fastest-growing major economy this year in a world plunged into a recession by the coronavirus pandemic, despite drastically slashing its growth rate to a paltry 1.9 percent

As the global economy goes through an unprecedented tough phase amid the coronavirus crisis, a World Bank report said that South Asia may witness its worst economic performance in the last 40 years

Bangladesh's tremendous growth momentum in recent years is set to come to a crashing halt for the coronavirus outbreak in the country, with the poor and informal sector bearing the most brunt, said the World Bank yesterday

SAAPE -South Asia Alliance for Poverty Eradication - is concerned about the great danger that COVID-19 pandemic poses in South Asia. The pandemic has already made the lives of the people miserable and woeful. The world is entering in a new phase of history

The regional economic growth in eight South Asian countries, including Bangladesh, is likely to be between 1.8 and 2.8 percent in 2020, down from 6.3 percent projected six months ago, amid the fallout triggered by the Covid-19 pandemic, the World Bank has said

Even after business activity resumes in a couple of months, assuming the COVID-19 pandemic subsides, some sectors like entertainment, tourism, hospitality, electronics, retail, gems and jewellery and logistics are likely to take a big hit, with recovery possible only in the medium to long term

A Hyderabad-based life sciences company has developed coronavirus test kit named Quantiplus COV that can give the result in two hours. Huwel Lifesciences on Friday received approval from the Indian Council of Medical Research (ICMR) for the test kit

India will explore novel blood plasma therapy for COVID-19 using the immune power gained by a recovered person to treat a sick person

If the India lockdown continues till mid-May along with moderate relaxation after the end of 21-day lockdown on April 14, it could put 32 million livelihoods at risk and swell non-performing loans (NPLs) by seven percentage points, resulting in the economy contracting sharply by around 20 percent in the first quarter of fiscal year 2021, with –2 to –3 percent growth for fiscal year 2021, a new report warned on Friday

Nepal's private sector has called on the government to provide necessary incentives to start the process of manufacturing personal protective equipment in the country in a bid to deal with the shortage of the gear that is crucial to safeguard lives of people on the frontline of the fight against coronavirus disease and create employment opportunities at a time when the shutdown has rendered many jobless

The Indian Council of Medical Research (ICMR) has said that it is finalising the protocol for convalescent plasma therapy for the treatment of severely ill Covid-19 patients

Sri Lanka has requested a 400 million dollar swap line from the Reserve Bank of India under an arrangement available for South Asia while another request for a billion US dollars may be made at head of state level, an official said as the country fought off a Coronavirus crisis

When the country is facing crisis of masks and sanitizers to contain the spread of coronavirus, women of Sakhi Mandal in Jharkhand, in eastern India, have shown the path to manufacturers by making sanitizers

Given that many parts of India are witnessing large number of cases of Covid-19, experts have expressed their views on community transmission, but speaking exclusively to IANS, Poonam Khetrapal Singh, Regional Director of the World Health Organization's South-East Asia region, said that currently cases in India have been traceable so there is no community transmission

The International Monetary Fund (IMF) has postponed approval of second review of the $6-billion bailout programme that was scheduled for coming Friday due to delay in implementing agreed actions by Pakistan