Only a Covid-19 vaccine will allow return to normalcy: UN chief : Bulletin: Business Today
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Only a Covid-19 vaccine will allow return to normalcy: UN chief

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April 16, 2020

Coronavirus lockdown: Amazon, Flipkart may resume full operations after April 20
Online companies such as Flipkart, Amazon and Paytm Mall are looking to resume full operations after April 20. The companies are looking to restart full operations after the Ministry of Home Affairs on Wednesday issued a set of guidelines to be followed during the lockdown extension. The government said certain services would be allowed to resume after April 20 to ease the lives of millions of people in the country.

Railways to refund Rs 1,490 crore for cancellation of 94 lakh tickets
Railways will spend Rs 1,490 crore in refunding 94 lakh train ticket bookings it had to cancel because of the lockdown extension till May 3. Earlier, it had refunded the tickets booked prior to the lockdown on March 25.
Top Railways officials told PTI an amount of Rs 830 crore will be refunded for 55 lakh bookings made for travel between March 22 and April 14, as the Railways had suspended services on March 22, three days before the lockdown.
 
IMF's Gita Gopinath warns global economy can lose $9 trillion due to coronavirus
Amid the coronavirus crisis, the main priority for India should be to deal with the health crisis, said International Monetary Fund's Chief  Economist Gita Gopinath. She added the priority after dealing with the health crisis should be to ensure that people and businesses affected by the pandemic get the help they need. Talking about the impact of coronavirus on world economy, Gopinath estimated a loss of $9 trillion and bleak chances of recovery if the problem persists.

IMF backs India's 'proactive' coronavirus response, praises nationwide lockdown
The International Monetary Fund Wednesday said that it supports India's proactive decision of a imposing a nationwide lockdown in its fight against coronavirus. A day earlier, the IMF in its World Economic Outlook had forecast India's growth rate to be 1.9 per cent in 2020. The impact of the coronavirus on the Asia-Pacific region will be severe, across the board, and unprecedented, the IMF has said, adding that Asia's growth in 2020 will come to a standstill.
 
Amazon boss Jeff Bezos adds $24 billion to his wealth as coronavirus hits world economies
The coronavirus pandemic has brought good fortune to Amazon Inc founder and Chief Executive Jeff Bezos in the form of $24 billion. Bezos' overall wealth soared as demand for online shopping sent the company's stock to a new high. With this, Jeff Bezos' wealth has topped $138 billion, the Bloomberg Billionaires Index says. The e-tailer boss owns 11 per cent stake in the world's biggest online shopping platform.
 
Only a Covid-19 vaccine will allow return to normalcy: UN chief
A Covid-19 vaccine may be the only thing that can bring back "normalcy," UN Secretary-General Antonio Guterres said Wednesday, hoping for just that before the end of the year. He called for its accelerated development and accessibility to all, adding it must have a "universal global benefit" and "allow us to control the pandemic."






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