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Tag: Lockdowns

Local lockdowns: RBI says no need for loan moratoriums at present

Local lockdowns: RBI says no need for loan moratoriums at present

Finance
Amid an increase in localised lockdowns across the country, Reserve Bank Governor Shaktikanta Das on Wednesday said there is no need for a loan repayments moratorium at present, stating that businesses are better prepared to face the situation. It can be noted that the RBI had announced a six-month moratorium in the early days of the national lockdown last year to help borrowers impacted by a chilling in economic activity. The entire state of Maharashtra is in a lockdown for non-essential services and localised and night lockdowns are being observed in many pockets of the country, including the national capital, to restrict the surge in cases. “In today's conditions, there is no need for a moratorium,” Das said during an interaction with journalists after the announcement of the new fiscal...
OECD: Lockdowns here to stay, even with vaccine plan

OECD: Lockdowns here to stay, even with vaccine plan

Business
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England sees 30% drop in new COVID-19 infections amid lockdowns

England sees 30% drop in new COVID-19 infections amid lockdowns

Health
Nov. 30 (UPI) -- Recent lockdown restrictions imposed in England to reduce the spread of COVID-19 appear to be working, with a 30% drop in new infections over the past month, according to research released Monday by Imperial College London. Since the implementation of new protocols -- including business closures and limits on public gatherings -- based on local infection rates earlier in November, the country has seen its new coronavirus reproduction, or R, number fall to 0.88, the data showed. Advertisement The R number measures how many people infected with the virus spread it to others, so lower figures suggest reduced transmission, the researchers said. Although it is not among the official statistics used to track the epidemic, the R number for some parts of the United States may be ...
Coronavirus: Denmark imposes lockdowns amid mink covid fears

Coronavirus: Denmark imposes lockdowns amid mink covid fears

Science
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Germany, France announce new lockdowns as COVID-19 spikes

Germany, France announce new lockdowns as COVID-19 spikes

World
Oct. 28 (UPI) -- Germany and France announced new lockdown measures Wednesday as new COVID-19 cases in Europe spiked to record levels. German Chancellor Angela Merkel announced a four-week shutdown for restaurants, bars, theaters and other entertainment venues beginning Monday. Schools, shops and places of worship will remain open, and restaurants will be allowed to provide take-out. Advertisement She called on Germans not to undertake unnecessary travel or hold social gatherings. She said the decision was made with the consultation of the country's governors. "If the tempo of infections stays the same, we will reach the capacity of our healthcare system within weeks," Merkel said in a news conference. "That's why it's completely clear that we need to act, and act now. Germany reported 1...