Page 38 - Economy
Sri Lanka extends debt moratorium for Covid-19 hit tourism sector
Sri Lanka's international airports remain closed to foreign tourists, with zero arrivals recorded since May, as the government continues to keep a tight lid in order to eradicate the pandemic
 "Sri Lanka extends debt moratorium for Covid-19 hit tourism sector")
Economy shrinks only 3% despite coronavirus pandemic: Iran Prez Rouhani
Iranian President Hassan Rouhani said that Iran's economy has contracted by only three per cent despite the COVID-19 pandemic, Tasnim news agency reported.
 "Economy shrinks only 3% despite coronavirus pandemic: Iran Prez Rouhani")
Japan economy shrinks 27.8% in April-June as Covid-19 slams consumption
Japanese media reported the latest drop was the worst since World War II
 "Japan economy shrinks 27.8% in April-June as Covid-19 slams consumption")
Karnataka GSDP may touch Rs 35 trn in five year: Deputy CM Narayan
Karnataka's Gross State Domestic Product (GSDP) may touch Rs 35 lakh crore in the next five years notwithstanding the COVID-19 pandemic impact, state Deputy Chief Minister Dr C N Ashwath Narayan
 "Karnataka GSDP may touch Rs 35 trn in five year: Deputy CM Narayan")
Indonesia's economy contracts for the first time since 1999 in Q2
The economy had been expected to shrink 4.61%, according to a Reuters poll of economists, after growing by 2.97% year-on-year in the first quarter
IMF chief warns global economy 'not out of the woods,' dangers lurk
In a report to the G20, the IMF warned that rising protectionism and renewed trade tensions endangered the recovery
 "IMF chief warns global economy 'not out of the woods,' dangers lurk")
Emerging market FX pickup exposed to reversal after new virus surge: Report
The real, the rouble and the rupee are on the spot as infections of Covid-19, the illness caused by the virus, pile up in Brazil, Russia and India
Line and length: Indian capital is an orphan, and so is Indian labour
India is a textbook example of a contradiction of Hegelian proportions: a highly desirable liberal political world view that has led to highly undesirable and utterly illiberal economics
POSist announces Digital Ordering Technology and COVID-19 waiver for customers
POSist announces Digital Ordering Technology and COVID-19 waiver for customers
 "POSist announces Digital Ordering Technology and COVID-19 waiver for customers")
Alberto Alesina, RIP: One of the best economists of the last generation
Alesina was to post-1945 political economy what Einstein was to physics
 "Alberto Alesina, RIP: One of the best economists of the last generation")
The results are in for the sharing economy. They are ugly
Lyft, Uber and Airbnb depend on travel, vacations and gatherings. That's a problem when much of the world is staying home
 "The results are in for the sharing economy. They are ugly")
World coronavirus dispatch: How the wealth management industry is changing
From US-China talks to end trade deadlock, to FDA nod for Moderna drug's Phase-II trials, and an Amsterdam restaurant with 'quarantine greenhouses' - read these and more in today's world dispatch
 "World coronavirus dispatch: How the wealth management industry is changing")
World coronavirus dispatch: Hottest Silicon Valley start-ups are on sale
From the likelihood of European economy staying below last year's level through 2022, to the future of air travel for average travel - read these and more in today's world dispatch
 "World coronavirus dispatch: Hottest Silicon Valley start-ups are on sale")
IMF, World Bank release funds to aid Covid-19 battle: These nations benefit
More than 2.14 million people in more than 210 countries and territories have been reported to be infected by the coronavirus globally, and as many as 143,744 have died so far
 "IMF, World Bank release funds to aid Covid-19 battle: These nations benefit")
Road construction relaxation not enough to buy related stocks, say analysts
The relaxation will not help many of the listed players and it will be a while before activity begins for them. There coud be labour-related issues.
 "Road construction relaxation not enough to buy related stocks, say analysts")
Africa faces complete job sector wipeout as coronavirus hits economies hard
More than half of Africa's 54 countries have imposed lockdowns, curfews, travel bans or other measures in a bid to prevent local transmission of the virus
 "Africa faces complete job sector wipeout as coronavirus hits economies hard")
Highlights: FM announces economic package to deal with Covid-19 impact
Government is planning to provide a relief package of Rs 1.7 trillion to the underprivileged, poor and migrant workers
 "Highlights: FM announces economic package to deal with Covid-19 impact")
Covid-19 relief: Aadhaar-PAN linking deadline extended to Jun 30, says FM
Last date for filing March, April and May 2020 GST returns extended to June 30, 2020
 "Covid-19 relief: Aadhaar-PAN linking deadline extended to Jun 30, says FM")
Covid-19 an economic tsunami; biz failures, bankruptcies coming: Moody's
Moody's believes Asia to be past the worst of the virus, and while there is still considerable economic fallout to come, the region's economy should be able to eke out a small gain in GDP in 2020
 "Covid-19 an economic tsunami; biz failures, bankruptcies coming: Moody's")
Coronavirus: Kerala govt declares Rs 20,000-cr package to revive economy
Social welfare pensions, due in April, will be distributed in March. Food grains will be provided to families from across segments
 "Coronavirus: Kerala govt declares Rs 20,000-cr package to revive economy")
