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A health worker attends to Covid-19 patients at a Covid ICU Ward in Hyderabad, on 27 April 2021 | PTI Photo

How Wall Street giants are being hit by India’s brutal Covid wave

India’s Covid crisis has exposed a little-discussed vulnerability for companies that have spent decades outsourcing functions to the country.
Rice planted in a paddy field | Photographer: Prashanth Vishwanathan | Bloomberg

Rice, the one grain that’s keeping the world’s food crisis from getting worse

One reason for the diverging trend is that rice is grown mainly for human consumption, whereas the surge in crop prices has been driven by booming demand for livestock feed.
Dogecoin cryptocurrency | Aranami | Flickr

Dogecoin started as a joke & is now the world’s 4th-largest cryptocurrency. Thank Elon Musk

Dogecoin, greatly supported by Tesla CEO Elon Musk, now has a market value of more than $85 billion, after hitting an all-time high price of $0.69 (69 cents) a coin Wednesday.

Multilateral response is critical to overcome Covid in India and globally, says IMF

The IMF hailed recent announcements by several countries to provide immediate support to India, and said that it is redoubling efforts to foster global collaboration.
The Reserve Bank of India (RBI) logo | Vivek Prakash | Bloomberg

Here’s what more RBI can do to help Indian economy as Covid rages on

From easing loan repayment rules for sectors badly hit by the pandemic to maintaining 'accommodative' stance, a look at what RBI can consider to ease the Covid’s hit to the economy.
Latest news on Indian economy

Why does it feel like Indian stock markets live on another planet?

The question is a fair one, considering the risky asset class in a country struggling with its most horrific calamity since its violent partition & independence nearly 75 years ago.
Ramipril capsules move along the production line at the Lupin Ltd. pharmaceutical plant in Salcette, Goa | Photographer: Dhiraj Singh | Bloomberg

India-China flight disruptions could hurt global pharma supply chains

The US relies heavily on India to stock its medicine cabinets, and any slowdown in output could leave pharmacies short of drugs used regularly by millions of Americans.
IDBI Bnak

Cabinet approves strategic disinvestment, transfer of management control in IDBI Bank

According to the statement, the extent of respective shareholding to be divested by govt & LIC will be decided at the time of structuring of transaction in consultation with RBI.
The Reserve Bank of India (RBI) logo | Vivek Prakash | Bloomberg

What RBI measures mean for vaccine makers, hospitals, individuals and MSMEs

A Rs 50,000-crore window for healthcare sector, loan repayment relief for individuals and small firms, and a relief from updating KYC are some of the measures announced.
A fruit vendor during lockdown in Lucknow, on 24 April 2021 | PTI Photo

S&P cuts India’s GDP growth forecast to 9.8% for 2021-22 fiscal due to second Covid wave

The US-based rating agency in March had expected an 11% GDP growth forecast for India for April 2021-March 2022 fiscal on account of a fast economic reopening and fiscal stimulus.

On Camera

Pandemic can’t be allowed to devastate nations because of sophisticated, one-sided WTO rules

For President Joe Biden to take a stand against pharmaceutical companies is no small matter. His presidential campaign was the near sole beneficiary of pharma largesse in 2020.
Health department officials at Majhgaon village in Chhattisgarh’s Bemetara district | By special arrangement

‘Worrying signs’: Covid hits rural India hard, it now has nearly half of all new cases

The total number of daily cases being reported across India is nearly 300 per cent higher as compared to last year, meaning they will exert pressure on rural health infrastructure.

Defence

A file photo of a Covid ward set up at an Army hospital, in Prayagraj. | Photo: ANI

Armed forces plan to hire 400 retired military doctors to assist in fight against Covid

The forces are looking to hire, on a contractual basis for about a year, medical officers who retired in the last four to five years.
Illustration by Soham Sen | ThePrint Team

Modi govt is in denial & India is back to being a flailing state

Modi government didn’t strengthen the foundations of basic governance in the last 7 years. Now, the PM has retreated and ministers are failing, adding to the Covid disaster.