LAF cut to 4 Percent, Reverse Repo-Rate Reduced by 90 basic points: RBI | “The RBI today cut LAF by 90 basic points to 4 percent. The Reverse repo-rate has been reduced by 90 basis points to 4 per cent. India has locked down economic activity. Keeping finance flowing is the paramount objective of the RBI, while India has locker down economic activity and financial activity is under severe stress,” says RBI Governor Shaktikanta Das.
RBI Decides to Reduce Cash Reserve Ratio of All Banks | “It has been decided to reduce the Cash Reserve Ratio (CRR) of all banks by 100 basis points to 3 per cent of Net Demand and Time Liabilities with effect from the fortnight beginning March 28 for a period of 1 year. The measures will result in total liquidity injection of Rs 3.74 lakh crore to the system,” says RBI Governor Shaktikanta Das.
All Commercial Banks, NBFC Permitted to Allow 3-Month Moratorium on Loans | RBI Governor Shaktikanta Das today announced, “All commercial banks and NBFC, are permitted to allow a three-month moratorium on payment of installments of all term loans.”
RBI to Conduct Auctions of LTRO of Three-Year Tenure | “RBI will conduct auctions of long term repo operation (LTRO) of three-year tenure upto Rs1 lakh crore at floating rate linked to policy rate,” says RBI Governor Shaktikanta Das.
MPC Observes That Global Economic Activity Comes to a Near Stand-Still Due to Covid-19 Lockdowns: RBI | “Monetary Policy Committee (MPC) has noted that global economic activity has come to a near stand-still as coronavirus related lockdowns and social distancing in affected countries. Expectations of a shallow recovery in 2020 from 2019’s decade low in global growth have been dashed,” says RBI Governor Shaktikanta Das while addressing media through video conferencing today.
MPC (Monetary Policy Committee) noted that global economic activity has come to a near stand-still as #COVID19 related lockdowns & social distancing in affected countries. Expectations of a shallow recovery in 2020 from 2019’s decade low in global growth have been dashed: RBI Guv pic.twitter.com/LkoQ7vBi6B— ANI (@ANI) March 27, 2020
Repo Rate Stands at 4.20 Percent Now | RBI Governor Shaktikanta Das today said that repo rate stands at 4.20 per cent now vs 5.15 per cent earlier.
India’s Growth Jeopardises if Covid-19 Cases Prolong: RBI Governor | “If COIV19 case prolongs and the supply chain could get disrupted and it could jeopardise India’s growth. We hope that drop in crude oil prices will help India,” says RBI Governor Shaktikanta Das.
RBI Repo Rate Cut by 75 Basis Points | Reserve Bank of India Governor Shaktikanta Das today announced that RBI repo rate has been cut by 75 basis points.
RBI Prepones Monetary Policy Committee Announcement | The Monetary Policy Committee (MPC) has decided to advance its meeting due on April 3 was decided for March 24, 25, 27 undertook careful evaluation, says RBI Governor Shaktikanta Das while adressing a presser via video conferencing.
One More Positive Covid-19 Case Detected in Agra | One more positive case of novel coronavirus has been reported in Agra, Uttar Pradesh. The patient, who had returned from abroad recently, is a son of a doctor couple. At leat 25 people who came in contact with the patient have been kept in isolation, including a newly born child.
Delhi CM to Address Citizens on Coronavirus Crisis, Nationwide Lockdown | Delhi Chief Minister Arvind Kejriwal will address people today at 12 pm on coronavirus crisis and 21-day-long nationwide lockdown to curb the further spread of the virus.
मुख्यमंत्री श्री अरविंद केजरीवाल आज दोपहर 12 बजे अपने प्रदेश के लोगों को कोरोना वायरस और लॉकडाउन के संदर्भ में संबोधित करेंगे। जरूर देखें –
➡️ ट्विटर पर – @ArvindKejriwal
➡️ फेसबुक पर – https://t.co/OOH7LsXqgc
➡️ यूट्यूब पर – https://t.co/2SDhYW0gM6— CM Office, Delhi (@CMODelhi) March 27, 2020
Case Filed Against Kollam Sub-collector for Violating Home Quarantine Order | A case has been registered against Kollam sub-collector Anupam Mishra for allegedly violating home quarantine orders and moving to Kanpur. A departmental action to be recommended today. The sub-collector has returned from abroad on March 19 and was asked to be in home quarantine.
Coronavirus is a Threat to Young People Too, US Official Fauci Tells NBA Star Curry | Some young and healthy people in the United States who have contracted the new coronavirus are becoming seriously ill, the top U.S. official on infectious diseases, Anthony Fauci, told NBA star Stephen Curry in an interview on Thursday. Many falsely believe the virus, which has killed more than 1,000 people in the United States, is only a threat to the elderly and those with underlying health conditions, Fauci told the basketball player in a live interview aimed at reaching a younger audience via social media. While it is true that the elderly and those suffering from conditions like lung disease and diabetes have a far greater risk of dying, some young people who have contracted it have also become very sick, Reuters quoted Fauci as saying.
Positive Coronavirus Cases in India Rise to 724, Death Toll Jumps to 17 | The positive coronavirus cases in India jumped to 724. A total of 66 people have been cured of the disease. So far, 17 people have lost their lives due to the virus.
Noida Administration Arranges Transport for Over 600 Workers Stranded on Roads Due to Nationwide Lockdown | Amid reports of ill-treatment with migrant workers in several cities, the Gautam Buddh Nagar administration provided government transportation to over 600 stranded people today to help them reach home during the lockdown. Over a dozen buses were arranged and the people, mostly migrant workers, including women and children, were picked up from the Yamuna Expressway between 12 night and 3 am, officials said.
South Korea Pleads With Residents to Stay in Isolation as Coronavirus Cases Spread | Authorities in South Korea pleaded with residents on Friday to stay indoors and avoid large gatherings as new coronavirus cases hovered close to 100 per day. South Korea reported 91 new coronavirus cases on Friday, taking the national tally to 9,332, the Korea Centers for Disease Control and Prevention said. (Image: Reuters)
President, Vice-President to Hold Video Conference With Governors | President Ram Nath Kovind and Vice-President Venkaiah Naidu will hold a video conference at 10am today with Governors of Maharashtra, Kerala, Karnataka, Haryana and Delhi to take stock of sitaution and preparations in their respective states with regards to coronavirus.
India Proposes Online Platform for SAARC to Jointly Combat Coronavirus | India has proposed setting up of a common electronic platform for all SAARC nations to share expertise and best practices in jointly combatting the coronavirus pandemic. India made the proposal at a video-conference of senior health officials of the South Asian Association for Regional Cooperation (SAARC) countries yesterday. The SAARC is a regional grouping comprising Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka.
Panic-Buying in Tokyo as Residents Asked to Hunker Down for Weekend | Queues formed at supermarkets and stores in Tokyo on Friday as residents in the Japanese capital prepared for a weekend at home after the city’s governor called on them to stay at home to prevent the spread of the coronavirus, reports Reuters.
Indian Embassy in US to Start Free Online Yoga Classes During Home Quarantine Period | The Indian Embassy in US has announced free online yoga classes for the millions of Americans to keep them “healthy” and “cheerful” while they are forced to stay indoors and work from home due to the fast spreading novel coronavirus that has taken the lives of more than 1,100 people. The free yoga class would be imparted daily from Monday to Friday at 5 pm. It would be streamed live through the Facebook page of the Indian Embassy. The online yoga teaching would be imparted by Moxraj, the teacher of Indian culture at the Indian Embassy.
We are happy to announce the online #Yoga classes during weekdays @ 5 PM EST, starting from Monday, 30 March 2020. The classes will be live streamed through the Embassy ’s Facebook page https://t.co/n86L6UZT7K. Please join in. @MEAIndia @IndianDiplomacy @SandhuTaranjitS pic.twitter.com/sLUfj2EVu0— India in USA (@IndianEmbassyUS) March 26, 2020
PM Modi Gives Responsibilities to Cabinet Colleagues to Monitor Covid-19 Situation in States | The responsibilty will be to coordinate between states and Centre. The ministers will have to report to the Centre on day-to-day basis. The minister who will be given responsibilties for states are – Dr Jitender Singh for Jammu and Kashmir, Pralhad Joshi and Sadanand Gowda for Karnataka, Prakash Javadekar and Nitin Gadkari for Maharashtra, Thawarchand Gehlot for Madhya Pradesh, Deboshree Chaudhry and Babul Supriyo for West Bengal, Rajnath Singh and Mahendra Nath Pandey for Uttar Pradesh, Gajendra Shekhawat for Rajasthan, General VK Singh for Assam, Dharmendra Pradhan for Odisha, Ravi Shankar Prasad and Ram Vilas Paswan for Bihar, Mukhtar Abbas Naqvi for Jharkhand, Arjun Munda for Chattisgarh and Harsimrat Kaur Badal for Punjab
Centre Issues Guideline on Sale by Retail on Any Preparation Containing Hydroxychloroquine | The central government hereby directed that sale by retail of any preparation containing the drug Hydroxychloroquine shall be in accordance with the conditions for sale of drugs specified in Schedule H1 to the Drugs and Cosmetics Rules, 1945, says Ministry of Health and Family Welfare.
Coronavirus Positive Patient Dies in Rajasthan | A 60-year-old Covid-19 positive person has died in Bhilwara, Rajasthan. He had comorbid conditions including diseases relating to kidney and blood pressure, said Rajan Nanda, Principal, Mahatma Gandhi Hospital. The person had co-morbidity in terms of high-BP and kidney problem. As per Bhilwara health authorities, he died because of dysfunctional kidney and other complication.
Working Together With G20 Countries on Coronavirus, Says Trump | The US is working with its friends and partners around the world to stop the spread of the virus and coordinate their efforts, President Donald Trump said on Thursday after an emergency virtual meeting of G-20 leaders on COVID-19. “We talked about the problem and hopefully won’t be a problem for too much longer. The United States is working with our friends and partners around the world to stop the spread of the virus and coordinate our efforts,” Trump told reporters at a White House news conference.
Kollam Sub-Collector Violates Home Quarantine Order, Moves to Kanpur | Kollam Sub Collector Anupam Mishra has violated self-quarantine order as she is not in the district, says Kerala Fisheries Minister and called it an “irresponsible behavior”. The minister slammed the bureaucrat who was told to be in quarantine following his return from abroad on March 19. The Sub-collector has left Kollam and moved to Kanpur in Uttar Pradesh.
Coronavirus Claims Over 8,000 Lives in Italy | The coronavirus pandemic has claimed 8,165 lives in locked-down Italy by Thursday, with the cumulative number of cases reaching 80,539, according to new data released by the Civil Protection Department.
China Reports One Local Coronavirus Case, 54 Imported, Cuts International Flights | China reported its first locally transmitted coronavirus case in three days and 54 new imported cases, as Beijing ordered airlines to sharply cut international flights fearing travellers could reignite the coronavirus outbreak, reports Reuters.
Global Covid-19 Cases Top 500,000; Death Toll Crosses 22,000 | The number of coronavirus cases worldwide topped 500,000 as of Thursday noon, according to the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University in the US. The fresh figure reached 510,108 cases with 22,993 deaths.
US Tops World in Virus Cases, Overtaking China and Italy | In the United States, more than 82,000 people have tested positive for COVID-19, edging out Italy, which has reported the most deaths, and China, where the virus was first detected in December in the metropolis of Wuhan, reports AFP.
G20 Leaders to Inject $5 Trillion into Global Economy in Fight Against Coronavirus | Leaders of the Group of 20 major economies pledged to inject over $5 trillion (£4.1 trillion) into the global economy to limit job and income losses from the coronavirus and “do whatever it takes to overcome the pandemic.” Showing more unity than at any time since the G20 was created during the 2008-2009 financial crisis, the leaders said they committed during a videoconference summit to implement and fund all necessary health measures needed to stop the virus’ spread.