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In a covid-hit world, Gita Gopinath has her task cut out as IMF's first woman Chief Economist

Covid-19, the disease caused by the new coronavirus has killed 900,000 worldwide, and the IMF estimates the total cost of the crisis will reach $12 trillion by the end of 2021, with low-income countries likely to need continued support

There is no restriction or ban on filling up of posts in Govt of India. Normal recruitments through govt agencies will continue, tweets finance ministry

Decline in India's GDP during June quarter was a result of stringent lockdown imposed across the country, claimed Finance Ministry in Economic Review report for August

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Referring to FM Nirmala Sitharaman's observations that the the current COVID-19 induced economic crisis was an act of God, Congress said \"this is the only government in the past 73 years which blames 'God' for its own frauds and bluster\"

Gita Gopinath, Chief Economist of the International Monetary Fund (IMF) has confirmed that the Indian economy may have contracted the most among the G-20 peers in the April-June quarter (25.6 per cent) of FY21

The Fund projected a further narrowing by 0.3% of global GDP in 2020, partly due to massive fiscal and monetary stimulus by many countries and continued pressure on trade

IMF Managing Director Kristalina Georgieva said the fiscal costs of actions aimed at containing the pandemic and mitigating its economic fallout were driving up already high debt levels, but it was premature to start withdrawing needed safety nets

\"If the lending takes form more like equity ... then that's less onus on the firms. That will make it easier for firms to recover from the crisis,\" Gopinath said in a webinar co-hosted by the IMF and the University of Tokyo on Friday

International Monetary Fund (IMF) Chief Economist Gita Gopinath said India has the ability to increase on-budget spending to mitigate economic risks, especially for vulnerable households and small and medium enterprises. In an exclusive interview with India Today TV she spoke about ways India could boost demand and why the IMF had downgraded the growth outlook for India. Watch the video for more.Also Read: 'Cut in logistics, transport, labour cost to help manufacturing sector,' says Gadkari

For 2021, the IMF envisions a rebound in growth, so long as the viral pandemic doesn't erupt in a second major wave

In April, the IMF had predicted that the coronavirus pandemic could cause a global economic contraction of 3 per cent. Gopinath now says that the updated forecast expected to be released in June paints an even darker picture

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; Online companies such as Flipkart, Amazon and Paytm Mall are looking to resume full operations after April 20; 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. Watch this and more on News Blast.Also Read: Coronavirus lockdown 2.0: Does your district fall in 'red zone'? Check out full list here

Speaking to India Today TV's Rahul Kanwal, Gita Gopinath said that the first priority is to deal with the health crisis posed by the novel coronavirus pandemic. As per the IMF chief, the second priority for the countries should be to take care of people and firms affected by the crisis. Watch the full interview.Also Read: Coronavirus to bring Asia's 2020 growth to halt for first time in 60 years: IMF

Due to the ongoing coronavirus crisis, more than 16 million people  in the US have lost jobs

Coronavirus lockdown: Amazon, Flipkart may resume full operations after April 20Online 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 i...

A day earlier, the IMF in its World Economic Outlook had forecast India's growth rate to be 1.9 per cent in 2020

World Health Organisation (WHO) recommends the use of sodium hypochlorite, a key ingredient in bleach, only on surfaces, and in small quantities