Coronavirus impact: China's economy shrinks 6.8% in first quarter : Bulletin: Business Today
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Coronavirus impact: China's economy shrinks 6.8% in first quarter

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April 17, 2020

Flipkart, Amazon can sell non-essential goods from April 20

E-commerce sites such as Amazon and Flipkart will be allowed to sell non-essential items from April 20 onwards. This means that customers will be able to place orders for items such as mobile phones, refrigerators, televisions, laptops, stationery items from April 20. This clarification came from a senior home ministry official a day after the Ministry of Home Affairs issued a set of guidelines for services that could resume after April 20.

Coronavirus impact: China's economy shrinks 6.8% in first quarter

China's economy shrank 6.8% in January-March from a year earlier, official data showed on Friday, the first such decline since at least 1992 when quarterly gross domestic product (GDP) records began. The historic slump in the world's second-largest economy comes after efforts to contain the coronavirus, which first emerged in China late last year, shut down factories, transport and shopping malls.

Read: Coronavirus Live Updates: Delhi second worst-affected after Maharashtra with 1,640 cases; India's tally-13,387

Plasma trials to treat coronavirus patients to soon begin in Delhi: Arvind Kejriwal

The clinical trials of plasma therapy for critically ill coronavirus cases would soon start in Delhi, Chief Minister Arvind Kejriwal said on Thursday. An approval has already been received from the central government in this regard. The plasma therapy showed good results in some countries in case of patients suffering from some other ailment, Arvind Kejriwal said.

Coronavirus: Trump lays out three-stage process to end lockdown

President Donald Trump laid out new guidelines on Thursday for U.S. states to emerge from a coronavirus shutdown in a staggered, three-stage approach meant to revive the U.S. economy even as the country continues to fight the pandemic. The recommendations call on states to show a "downward trajectory" of COVID-19 cases or positive tests for the disease over 14 days before proceeding with the plan

IMF needs to maintain stability of global financial architecture, says FM Sitharaman

India on Thursday said the International Monetary Fund (IMF) should continue to play a critical role in maintaining the stability of the global financial architecture at a time when the whole world is grappling with the coronovrius pandemic. Participating in the plenary meeting of the International Monetary and Financial Committee (IMFC) through video conferencing, Finance Minister Nirmala Sitharaman said as a responsible member of the global community, India is providing critical medicines to other nations.

Shaheen Bagh new COVID-19 hotspot, containment zones in Delhi reach 60

Shaheen Bagh area in Delhi that remained a hotbed of the anti-CAA protests for nearly 100 days has become one of the COVID-19 hotspots in Delhi. The Delhi government identified areas like street no. 6, A Block, Abu Fazal enclave and Street nos. 3-5, East Ram Nagar, Shahdara as the new containment zones. With these new containment zones being identified, the number of containment zones in Delhi has now reached 60.

Also Read: Coronavirus Stimulus 2: Wage support to 110 million workers likely; Rs 1 lakh crore loans to MSMEs; recapitalisation of distressed sectors


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