10:19 (IST)
Coronavirus in India Latest Updates
Food inflation increased to 8.6% in April 2020: RBI chief
RBI Governor Shaktikanta Das said that food inflation which had eased from January, 2020, peak in February and March has now surged to 8.6 percent in April. He furthe said that price of vegetables, oilseeds, and milk emerged as pressure points.
10:13 (IST)
Coronavirus in India Latest Updates
Private consumption impacted most by COVID-19: RBI chief
The RBI governor Shaktikanta Das said that the biggest blow from COVID-19 has been to private consumption.
10:11 (IST)
Coronavirus in India Latest Updates
Repo rate reduced by 40 bps to 4%
After an off-cycle meeting of the monetary policy committee over the last three days, MPC voted to reduce repo rate by 40 basis points to from 4.4 percent to 4 percent, said RBI governor Shaktikanta Das.
“Over the last three days, the MPC reviewed the implications of COVID-19 on economy, it has been decided to reduce in repo rate to revive growth. This will be done by 40 basis points, from 4.4 % to 4%,” said RBI chief.
10:00 (IST)
Coronavirus in India Latest Updates
RBI governor’s press conference to begin shortly
Reserve Bank of India (RBI) Governor Shaktikanta Das will address the media at 10 am, the central bank said in a tweet. The press briefing will take place days after Finance Minister Nirmala Sitharaman gave details of the Rs 20 lakh crore economic relief package to help the economy recover from the coronavirus pandemic.
09:41 (IST)
Coronavirus in India Latest Updates
India’s COVID-19 recovery rate at 40.97%
Of the total 1,18,447 confirmed cases, there are 66,330 active cases across the nation, according to the latest figures by the Ministry of Health and Family Welfare.
India’s COVID-19 recovery rate stood at 40.97 percent after 48,533 patients were cured of the infectious disease.
09:27 (IST)
Coronavirus in India Latest Updates
India registers 1.18 lakh confirmed cases with over 3,500 deaths
India saw an increase of of coronavirus cases by 6,088 number of infections in the past 24 hours. With this, the total confirmed cases across the nation climbed to 1,18,447 on Friday.
While, 140 more COVID-19 patients succumbed to the infectious disease in the past 24 hours bringing the toll to 3,583.
09:11 (IST)
Coronavirus in Kerala Latest Updates
73-year-old woman dies of COVID-19 in Kerala
A 73-year old woman, who returned to Kerala from Mumbai and tested COVID-19 positive, died in Thrissur late Thursday night, officials said. This is the fourth COVID-19 death in Kerala. The three other deaths include that of a four-month-old girl.
State health secretary Rajan Khobragade told PTI that three other people who travelled with the elderly woman in a car are under quarantine.
08:49 (IST)
Coronavirus in India Latest Updates
What did the Central bank announce so far?
In the first two pressers, the RBI governor announced a series of measures to ease liquidity pressure in the banking system and cushion the economy from the COVID-19 shock.
These included a sharp 75 basis points rate cut in March and liquidity measures worth at least Rs 5 lakh crore in two rounds. Besides, the RBI announced a three month moratorium for all term loan repayments between 1 March and 31 May.
08:43 (IST)
Coronavirus in India Latest Updates
Second phase of Vande Bharat Mission to continue till 13 June
The government has said it will evacuate stranded Indians from abroad till 13 June and the extended phase will cover 47 countries. The second phase of the ‘Vande Bharat Mission’ was to end on 22 May.
However, Spokesperson in the Ministry of External Affairs Anurag Srivastava said the ongoing phase will last till 13 June and that India is looking at making Frankfurt a hub for the mission.
As of Thursday, a total of 23,475 Indian nationals were brought back home under the mission which began on 7 May.
08:43 (IST)
Coronavirus in India Latest Updates
Second phase of Vande Bharat Mission to continue till 13 June
The government has said it will evacuate stranded Indians from abroad till 13 June and the extended phase will cover 47 countries. The second phase of the ‘Vande Bharat Mission’ was to end on 22 May.
However, Spokesperson in the Ministry of External Affairs Anurag Srivastava said the ongoing phase will last till 13 June and that India is looking at making Frankfurt a hub for the mission.
As of Thursday, a total of 23,475 Indian nationals were brought back home under the mission which began on 7 May.
