Supreme Court order that coronavirus tests in approved government or private labs should be free of cost. Reports said that poor people may not be able to pay ₹4500 for speeding and confirmation test.
Goldman Sachs has predicted that India’s economic growth will fall to a multi-decade low of 1.6% in the fiscal year 2020-2021.
The previous projection for the year stood at 3.3%. The UN warned that nearly 40 crore people working in India’s informal economy are at risk of falling deeper into poverty due to the Corona crisis.
The WTO said World Trade is expected to fall by between 13% and 32% in 2022 to the COVID-19 pandemic.
For the next year, WTO has forecasted rebound in global could street between 21% and 24% depending largely on the duration of the outbreak and the effectiveness of policy responses.
The Income Tax Department announced that it will issue all pending income tax refunds up to 5 Lac rupees immediately to individuals and business entities, this would benefit around 14 Lac taxpayers.
Senator Bernie Sanders has ended his presidential campaign for the 2020 Democratic nomination. This makes former vice president Joe Biden the most likely Democratic nominee challenge President Donald Trump in November.
Writer: Sakshi Gupta