Social distancing is our best bet against coronavirus, but will sharpen the impact on the world economy. India is better placed than many developing countries.
The UNCTAD said that advanced economies & China have put together massive govt packages which, according to the G20, will extend a USD 5 trillion lifeline to their economies.
IMF Managing Director Kristalina Georgieva said the key to recovery would be the world's success in containing the virus and preventing liquidity problems from becoming a solvency issue.
Each quarantined city, cancelled flight, scrapped sporting event & scuppered conference will hammer demand across the globe this quarter and likely longer.
Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
COMMENTS