UN report pegs trade impact of virus on India at $348 million : Bulletin: Business Today
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UN report pegs trade impact of virus on India at $348 million

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March 6, 2020

YES Bank's net, mobile banking services hit after RBI caps withdrawal limit
YES Bank's net and mobile banking services went down soon after the government placed it under moratorium and capped withdrawals by customers. The government, on RBI's recommendations, imposed a moratorium on YES Bank from March 5 to April 3. RBI has assured the private lender's depositors that there is no need to panic and their interest will be fully protected.

Change in mercury to not affect COVID-19 spread: ICMR chief
Amid a slight decline in temperature after rains lashed Delhi-NCR on Thursday, Indian Council of Medical Research director general Balram Bhargava said the change in weather will not have any impact on the spread of novel coronavirus. Thirty people have tested positive for the virus so far with the latest being a man from Ghaziabad with a recent travel history to Iran. Refuting claims that the virus spreads in low temperature, Bhargava told PTI that no such finding has been proven till now.

Trump says U.S. economy could take hit from coronavirus
President Donald Trump said on Thursday the U.S. economy might take a hit from the coronavirus outbreak but predicted the challenge would eventually pass and defended his handling of the crisis.The spreading coronavirus has led to a steep downturn in the stock market and fanned fears of an economic dip just as the Republican president asks Americans for a second term.

Coronavirus: Rahul Gandhi calls Harsh Vardhan captain of Titanic
Congress MP Rahul Gandhi has criticised the central government over its handling of the coronavirus outbreak. "The Health Minister saying that the Indian Govt has the #coronavirus crisis under control is like the Capt of the Titanic telling passengers not to panic as his ship was unsinkable," he said. Union Health Minister Harsh Vardhan while addressing the Rajya Sabha today said that he and a group of ministers and PM Modi were personally monitoring the situation. He advised people not to worry and maintain proper hygiene.
 
This British airline has gone bankrupt due to coronavirus
UK domestic airlines Flybe has gone bankrupt amid the coronavirus outbreak which has significantly impacted the aviation sector. The airline's CEO in a letter to the staff mentioned that the company couldn't cope up with the effects of coronavirus on the travel industry.

Coronavirus outbreak: UN report pegs trade impact on India at $348 million
The trade impact of the coronavirus epidemic for India is estimated to be about $348 million and the country figures among the top 15 economies most affected as the slowdown of manufacturing in China disrupts world trade, according to a UN report.
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