Not out of the woods yet: IMF chief warns second wave of virus could disrupt economies

Activity has started to gradually strengthen, but we are not out of the woods yet, Georgieva said in a message to G20 finance ministers

Air India to send staff on leave without pay for upto five years

Air India to send employees on LWP for six months or for a period of two years extendable upto five years

He said one positive factor for Indian economy is that the agriculture sector is doing well

Speaking at India Global Week 2020, he said green shoots of economic revival are already visible in India coming out of COVID-19 lockdown

The programme will address immediate liquidity and credit needs of nearly 15 lakh viable MSMEs

Gadkari further said that talks are on with investors from Dubai and the US for various sectors, including MSMEs

Coronavirus and the consequent lockdown have dealt a body blow to India's economic recovery

RBI had taken a host of steps, including reduction in the key policy rate and measures to support the industry, to deal COVID-19 impact

However, the agency believes the GDP growth will bounce back in the range of 5 to 6 per cent in FY22

As of now, only 21.8 per cent of the customers have availed the benefit of moratorium