NEW DELHI : The International Monetary Fund (IMF) on Wednesday said Indian economy will contract 4.5% in FY21, reversing its rather optimistic forecast in April of 1.9% growth for the same year, citing the larger-than anticipated disruption to domestic activity in Asia’s third largest economy due to a more severe nationwide lockdown.“India’s economy is projected to contract by 4.5% following a longer period of lockdown and slower recovery than anticipated in April," the multilateral lending institution said in its World Economic Outlook (WEO) Update.

Growth revival is now tempered to 6% in FY22 from 7.4% estimated in April.After IMF released its WEO in April, the pandemic rapidly intensified in many countries including India, necessitating.

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Coronavirus: Italy sees drop in deaths as cases in China stabilize

China has extended COVID-19 tests to newly reopened salons amid a drop in cases, while South Korea continues to face new infections after it eased social distancing rules to lift the economy.In the U.S., Vice-President Mike Pence called off off a planned campaign bus tour in Florida following a surge in confirmed cases there. Hard-hit Italy, meanwhile, registered the lowest day-to-day tally of COVID-19 deaths Saturday in nearly four months.No positive cases were found in Beijing‘s beauty and barber shops in a further sign that the city’s recent outbreak has been largely brought under control.

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America sees 46,000 coronavirus infections in single day in grim record

America has registered almost 46,000 fresh coronavirus infections over the past day, a record number of new cases.

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India sees 4 lakh Covid-19 cases in 39 days; experts point to increased testing

New Delhi: It took 110 days for coronavirus infections in the country to reach one lakh, while just 39 days more to go past the five lakh-mark.Medical experts have pointed to the ramped up COVID-19 testing, now available more extensively and at a reasonable price, as a big reason for the spike in cases recently.Six days after recording four lakh infections, India's COVID-19 tally went past the five lakh-mark on Saturday with the highest single-day surge of 18,552 cases, while the death toll climbed to 15,685, according to Union health ministry data.The COVID-19 caseload increased to 5,08,953, while 384 fatalities were recorded in the last 24 hours, the updated figure at 8 am showed.This was the fourth consecutive day when coronavirus

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Calgary Cares: Veterans Association Food Bank sees unprecedented need; businesses step up to help

COVID-19.The Veterans Association Food Bank is a lifeline to hundreds of veterans, offering continued moral support, camaraderie and help with access to mental health and government services. It also provides essentials like food and financial aid.Staff at the Calgary charity are reporting a 494 per cent increase in veterans reaching out for financial help and a 169 per cent increase in those needing food hampers since the COVID-19 pandemic began.

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Calgary Cares: Veterans Association Food Bank sees need like never before

The Veterans Association Food Bank has seen an unprecedented number of veterans reach out for support during the COVID-19 pandemic. As Lauren Pullen reports, a group of Calgary businesses has banded together to help.

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IMF approves emergency funding for pandemic-hit Myanmar

Myanmar with $356.5 million in emergency funding, as the southeast Asian country battles an economic slump due to the coronavirus pandemic."The Myanmar economy is being impacted by the outbreak of COVID-19 through a sharp decline in tourism and remittances and supply chain disruptions," Mitsuhiro Furusawa, IMF deputy managing director, said in a statement.The fund "will help address Myanmar's urgent financing needs related to COVID-19 shock, and catalyze support from development partners."The money comes from two programs put into place to ensure rapid disbursement of funding without the need for lengthy negotiations over a reform program by Myanmar.Some $118.8 million will come from the Rapid Credit Facility and the remaining $237.7

Burma covid-19 outbreak economy Coronavirus

Alberta confirms 38 new COVID-19 cases Friday; Edmonton sees largest active numbers

COVID-19 cases Friday, which brings active cases in the province to 509.Thirty-seven people are in hospital, eight of those are in intensive care. The province reported no additional deaths Friday.

Alberta Health Deena Hinshaw Alberta Coronavirus covid-19 Coronavirus

Coronavirus: Gen. Vance discusses the 55 Canadian Forces members who contracted COVID-19 while deployed to long-term care homes

Speaking in Ottawa on Friday, Chief of the General Staff General Vance discussed the 55 members of the Canadian Armed Forces (CAF) who contracted COVID-19 while deployed to long-term care facilities in Ontario and Quebec.

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How to prevent spreading, contracting Coronavirus COVID-19

have been confirmed worldwide, most of those are in China.It’s still cold and flu season. People are more likely to get the flu, or influenza, than the coronavirus, according to the Centers for Disease Control and Prevention.If someone believes they are infected they can go to any hospital for testing and treatment, Florida health officials said.

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Maharashtra sees over 5,000 new Covid-19 cases for first time, tally past 1.5 lakh

Mumbai: As Maharashtra ramps up Covid-19 testing, the state on Friday, reported a single-day record of 5,024 new Covid-19 cases, taking the state's virus count to 1,52,765.Number of active cases however, are at 65,829 in the state and total patients discharged so far are 79,815.The state's capital, Mumbai, saw its coronavirus count rise by 1,297 new cases reported in the last 24 hours, taking the city's tally to 72,175. With 44 new deaths reported today, Mumbai's death toll stands at 4,179.

city Mumbai covid-19 death patient

Second day in a row, Tamil Nadu sees biggest jump in new Covid-19 cases

New Delhi: For second straight day, Tamil Nadu saw highest single-day spike in fresh Covid-19 cases as the state's virus case count nears 75,000-mark.The southern state reported 3,645 new Covid-19 cases in the last 24 hours, taking the tally to 74,622. 122 of the new cases are those who returned to the state from either abroad or from other Indian states.

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Caitlyn Jenner Says She Sees Her Gender Dysphoria As Her 'Gift'

Caitlyn Jenner is opening up about transitioning.

Caitlyn Jenner 2020

Boxing legend Roberto Duran in hospital after contracting coronavirus

Former world boxing champion Roberto Duran has tested positive for coronavirus after being admitted to hospital center with flu-like symptoms.

Roberto Durán Panama hospital testing symptoms Coronavirus

Apollo Hospitals sees covid-19 stress, full recovery to take time

₹2800 crore remains manageable though. But due to the covid-led disruption, deleveraging could be pushed behind.

Apollo Hospitals India hospital covid-19

Coronavirus: Dr. Fauci gives advice for Florida, U.S. states seeing surge in COVID-19 cases

When asked about advice for Floridians and other U.S. states that have seen a recent surge in COVID-19 cases, Dr.

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China sees new coronavirus cases go down following outbreak in Beijing

China reported a further decline in newly confirmed cases of the coronavirus on Friday, with 13 cases.Eleven were in Beijing, where mass testing has been carried out following an outbreak that appears to have been largely brought under control. The other two cases were brought by Chinese travellers from overseas, according to the National Health Council.

China city Beijing South Korea covid-19 Coronavirus

Pennsylvania sees rise in newly confirmed cases of COVID-19 Thursday

HARRISBURG, Pa. - Pennsylvania is seeing an uptick in the number of confirmed new cases of COVID-19, more than three months after the pandemic first began to spread in the state.The Health Department said Thursday there were 579 new positive cases and 39 deaths. The state's caseload had been steadily falling, but more recently it has plateaued and now appears to be inching upward.The agency said nearly 84,000 Pennsylvanians have been confirmed to have the disease.

state Pennsylvania city Harrisburg, state Pennsylvania covid-19 pandemic infection

IMF warns of a second stock market correction after grim economic forecast

IMF in its Global Financial Stability Update.

covid-19 coronavirus news coronavirus update Coronavirus

manchestereveningnews.co.uk

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More people die after contracting coronavirus in Greater Manchester but 10 hospital trusts record no new deaths

hereHowever, the North West reported the highest number of deaths compared to other regions in NHS England's daily statistics.NHS trusts in the North West recorded 18 new deaths while London recorded just three.

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Maharashtra sees nearly 5,000 new Covid-19 cases in 24 hours, biggest spike so far

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India covid-19

Fitch upgrades RIL’s local currency IDR, free cash flow likely to turn positive in FY21

₹1.15 trillion through a 24.71% stake sale in digital assets subsidiary Jio Platforms Ltd to nearly a dozen investors, including Facebook Inc. Reliance also raised ₹53,124 crore through a sale of shares to existing investors.

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NCAER projects Indian economy to grow at 1.3% in FY21

₹4.2 trillion for the current year. The base case also incorporates additional borrowing headroom provided to Indian states up to 2% of GDP.

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Tamil Nadu sees highest single-day spike in Covid-19 cases, count crosses 70,000

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Cement industry sees demand recovery, but prices remain on weak footing

₹369/bag in June 2020 with easing supply-side constraints after a sharp 10% month-on-month increase in May 2020," added the KIE report. One cement bag weighs 50 kilograms.

India city Delhi 2020

Monklands Hospital sees gradual increase in A&E patient numbers

Patient numbers at the emergency department at University Hospital Monklands have reached their highest figure since before the coronavirus lockdown.There were 1144 attendances at the Airdrie casualty department in the first week of this month, followed by 1064 in the week ending on June 14.Monklands’ 1041 casualty patients two weeks earlier, in the seven-day period ending on May 31, was the first time there had been more than 1000 patients through its doors in a week for nearly three months.Staff would ordinarily see around 1300 patients per week, but the figure began reducing during March and plummeted after social distancing and then the full lockdown were announced.Numbers halved to just 587 patients in the week ending on April 5, the

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Disney delays opening of California theme parks as state sees coronavirus surge

Disney is postponing the mid-July reopening of its Southern California theme parks until it receives guidelines from the state, the company announced Wednesday.Disney had hoped to reopen Disneyland and Disney California Adventure in Anaheim on July 17 after a four-month closure due to the coronavirus. But the state has indicated it won’t issue guidelines until after July 4, the company said.

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Road EPC firms' revenues may contract 8-10% in FY21: Crisil

Mumbai: The revenue of road-building engineering, procurement and construction (EPC) companies is expected to contract by 8-10% this fiscal with the covid-19 pandemic-driven lockdowns severely curtailing activity, credit ratings agency Crisil said in a report. Between fiscals 2017 and 2020 there was a 17% growth in this segment.With lower awarding by the National Highways Authority of India (NHAI) in the last two fiscals, revenue growth was expected to taper to some extent.

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Calgary Cares: Calgary charity sees huge spike in need, spending $10K per month to help

Wings of Hope for Africa is helping has more than doubled due to the pandemic.Volunteers with the charity have been busy packing up and dropping off food hampers and grocery gift cards to families who need them most.“[They are] people who really have basic needs. Just food to put on the table,” said Wings of Hope for Africa founder Aline Gahiza.She started the charity back in 2011 to help families in Calgary as well as Burundi, Rwanda and East Africa.

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Beverley Mitchell can't have contractions when she gives birth

Beverley Mitchell isn't "allowed to go into contractions" when she gives birth. The 39-year-old actress and singer is currently expecting her third child, and after being plagued with health problems throughout her pregnancy, doctors have told her she is to undergo a C-section at 37 weeks, in order to deliver the baby before Beverley starts having potentially dangerous contractions.

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Calgary Cares: Calgary charity sees major spike in need

The COVID-19 pandemic has hit many Calgarians hard and a Calgary-based charity has seen that first-hand. As Lauren Pullen reports, Wings of Hope for Africa has seen the need more than double.

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'Coming back and biting us': US sees coronavirus make a comeback

COVID-19 cases, just short of the nation's late-April peak of 36,400, according to the count kept by Johns Hopkins University.While new cases have been declining steadily in early US hot spots such as New York and New Jersey, several other states set single-day case records this week, including Arizona, California, Mississippi, Nevada and Texas. Some of them also broke hospitalization records, as did North Carolina and South Carolina."People got complacent," said Dr Marc Boom, CEO of the Houston Methodist hospital system.

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'Coming back and biting us': US sees coronavirus resurgence

HOUSTON (AP) - A coronavirus resurgence is wiping out two months of progress in the U.S. and sending infections to dire new levels across the South and West, with administrators and health experts warning on Wednesday that politicians and a tired-of-being-cooped-up public are letting a disaster unfold.The U.S.

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Mint Lite | IMF lowers growth forecast, Kim cancels military plan & other news

Soon, house screening in DelhiTo fight the coronavirus, the Delhi government has come up with an eight-point Revised Covid Response Plan, which includes house-to-house screening by 6 July. Delhi deputy chief minister Manish Sisodia has also urged Union home minister Amit Shah to roll back the earlier order which requires new patients to visit an assessment centre to get themselves checked since it puts pressure on the government’s facilities.

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New record: Florida sees all-time high of 5,511 newly reported COVID-19 cases

A report by the FDOH showed that the city of Orlando has the second-highest number of COVID-19 cases in the state, with 4,550 confirmed infections; the only city with more reported cases is Miami with 16,353 confirmed cases of coronavirus. The state does not report the number of current patients in hospitals with the coronavirus, but rather the overall total.

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Does optimism lead to a longer life?

Author Marta Zaraska talks about her new book ‘Growing Young: How Friendship, Optimism and Kindness Can Help You Live to 100’ and the impact of optimism.

Kerala reverses mandatory covid testing for returning expats, asks them to wear PPEs

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IMF projects sharp contraction of 4.5% in Indian economy in 2020, a historic low

WASHINGTON : The IMF on Wednesday projected a sharp contraction of 4.5% for the Indian economy in 2020, a "historic low," citing the unprecedented coronavirus pandemic that has nearly stalled all economic activities, but said the country is expected to bounce back in 2021 with a robust 6% growth rate.The International Monetary Fund (IMF) projected the global growth at –4.9% in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast."We are projecting a sharp contraction in 2020 of -4.5 per cent.

Gita Gopinath Usa India Washington 2020 pandemic economy crisis

IMF forecasts deeper global recession from growing coronavirus threat

WASHINGTON : The International Monetary Fund downgraded its outlook for the coronavirus-ravaged world economy, projecting a significantly deeper recession and slower recovery than it anticipated just two months ago.The fund said Wednesday it now expected global gross domestic product to shrink 4.9% this year, more than the 3% predicted in April. For 2021, the fund forecast growth of 5.4%, down from 5.8%.Having already warned of the biggest slump since the Great Depression, the IMF said its increased pessimism reflected scarring from a larger-than-anticipated supply shock during the earlier lockdown, in addition to the continued hit to demand from social distancing and other safety measures.

Washington virus pandemic economy shock

Dragonfly Sushi in Orlando to temporarily close after employee contracts COVID-19

ORLANDO, Fla. – A popular sushi restaurant near the tourist district in Orlando announced it will temporarily close after one of its employees tested positive for COVID-19.Dragonfly Robata Grill and Sushi posted their message to Instagram Wednesday, saying the employee has been under self-quarantine since June 13.According to the post, contact tracing shows the employee’s exposure happened outside of the restaurant.

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GDP to contract by 5.3% in FY21, says India Ratings

NEW DELHI : Credit rating agency India Ratings and Research expects gross domestic product (GDP) to contract by 5.3% on a year-on-year basis in FY21.This will be the lowest GDP growth in Indian history and the sixth instance of economic contraction, others being in FY58, FY66, FY67, FY73 and FY80; the previous low was negative 5.2% in FY80."The disorder caused by the Covid-19 pandemic unfolded with such a speed and scale that the disruption in production, breakdown of supply chains or trade channels and total wash out of activities in aviation, tourism, hotels and hospitality sectors will not allow the economic activity to return to normalcy throughout FY21," the agency said in a report."As a result, besides contracting for the whole year,

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Icons of 1960s civil rights movement voice cautious optimism

CINCINNATI – Bob Moses says America is at “a lurching moment" for racial change, potentially as transforming as the Civil War era and as the 1960s civil rights movement that he helped lead.“What we are experiencing now as a nation has only happened a couple times in our history,” said Moses, a main organizer of the 1964 “Freedom Summer” project in Mississippi. “These are moments when the whole nation is lurching, and it's not quite sure which way it's going to lurch.”Moses, now 85 and still active with The Algebra Project he founded, was among the many people, Black and white, who risked jail time, assaults and even assassination in the battles against racial segregation and for voting rights in the South.

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Taxi drivers hit out at North Lanarkshire Council over home-to-school contracts

Taxi operators have hit out at North Lanarkshire Council over its handling of payments for home-to-school contracts while schools are off.The Wishaw Press has been contacted by a number of taxi drivers and company bosses angered at the council paying them 20 per cent on the contract rather than 75 per cent.In April, NLC advised operators via Strathclyde Partnership for Transport – which issues contracts on its behalf – that they would be paid 75 per cent of the value of those contracts until June 24 “on the condition that [they] have not accessed alternate national funding programmes” such as the Coronavirus Job Retention Scheme (CJRS).One driver, who asked to be named, said: “I have two school contracts so my income has dropped from £1700

covid-19 2020 Government Coronavirus

India sees highest single-day spike with nearly 16,000 new Covid-19 cases

coronavirus infected people in India to 4,40,215. 465 people have died to this deadly virus in the last 24 hours, the fatalities caused by Covid-19 has also risen to 14,476.On Sunday, India had recorded single-day spike of 15,413 cases when it crossed the grim milestone of 4 lakh novel coronavirus cases.India’s recovery rate remains high and is more than the number of active cases.

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Coronavirus: Hamilton-area business sees spike in sales after shifting to make sneeze guards

COVID-19 hit, cranking out aquariums and display cases inside the structure provided for an OK living. But the pandemic has meant a new surge in business.“I got three or four requests for sneeze guards overnight and it was like boom,” said Blaine Lantz, the owner of Toronto Plastic.For Lantz, he said it wasn’t an easy transition from fish tanks to life-saving equipment.

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Sara Bareilles Reflects On Contracting COVID-19: It ‘Was A Pretty Scary Day’

Sara Bareilles is thankful her run-in with COVID-19 was not more serious.

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Pennsylvania sees 38 more COVID-19 deaths, 510 more sickened Tuesday

This scanning electron microscope image shows SARS-CoV-2 (orange) — also known as 2019-nCoV, the virus that causes COVID-19.

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Orange County seeing ‘record levels of testing’ for COVID-19

ORANGE COUNTY, Fla. – Public health officials say there have been record levels of testing in Orange County.Public Safety Director Danny Banks made the announcement Tuesday during a presentation at a Board of Commissioners meeting. He said the county has seen a total of 5,157 positive cases as of Monday, with 408 hospitalizations in Orange County. Emergency Management Division Chief Lauraleigh Avery says over 36,371 tests were administered at the Orange County Convention Center since March. Officials say they are now seeing a record level of testing of more than 1,000 tests a day.“Orange County residents have by far responded much better by comparison to many of the other similar-size counties in the state.

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I've been assured ongoing defence contracts will be executed soon: Rajnath in Moscow

₹5,000- ₹6,000 crores. The Ministry of Defence, the Indian Air Force nor the Russian embassy in New Delhi confirmed ANI reports.According to Singh’s statement on Tuesday, defence ties were a key pillar of the India-Russia “Special and Privileged Strategic Partnership." He said he reviewed the entire spectrum of bilateral defence relationship with Deputy Prime Minister Yury Borisov.Noting that his visit to Moscow was the first outside the country in four months since the covid-19 pandemic brought international travel to a standstill, Singh said the visit was a “a sign of our special friendship."“Despite all the difficulties of the pandemic, our bilateral relations are keeping good contacts at the various levels.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

IMF reverses its optimism for India, sees 4.5% GDP contraction in FY21

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