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Ashwini Vaishnaw to inaugurate ‘Made in India’ Indus Appstore: PhonePe
Union IT and Railways Minister Ashwini Vaishnaw “In a global-first...
Farmers’ agitation to cause Rs 500 cr economic loss daily to northern states: PHDCCI
''A lingering agitation will cause Rs 500 crores economic loss...
Mega merger of state-run banks comes into force from April 1, says RBI
As per the scheme, Oriental Bank of Commerce and United Bank of India will be merged into Punjab National Bank; Syndicate Bank into Canara Bank; Allahabad Bank into Indian Bank; and Andhra and Corporation banks into Union Bank of India
Under this, the branches of Oriental Bank of Commerce and United Bank of India will operate as branches of Punjab National Bank from April 1, 2020, and branches of Syndicate Bank as that of Canara Bank, the RBI said in a separate releases.
Coronavirus pandemic: Over 22 lakh public healthcare providers to get Rs 50 lakh insurance cover
The insurance will provide a “comprehensive personal accident cover of Rs 50 lakh for 90 days to a total of around 22.12 lakh public healthcare providers, including community health workers, who may have to be in direct contact and care of patients suffering from coronavirus infection and who may be at risk of being impacted by this,” the ministry said.
These cases will also be covered subject to numbers indicated by the Ministry of Health.
49-day lockdown necessary to stop coronavirus resurgence in India: Study
The paper by Ronojoy Adhikari in collaboration with Rajesh Singh from the Department of Applied Mathematics and Theoretical Physics at the University of Cambridge in the UK shows that the 21-day lockdown that the India government has imposed is unlikely to be effective and ‘there will be a resurgence of Covid-19 at the end of it’.
India toll 29, cases 1024; global deaths top 33,000
Total number of Covid-19 cases across the world has surpassed 690,000 and there have been over 33,034 coronavirus-related deaths as on Sunday.
India needs at least 38 mn masks to fight Coronavirus
Invest India estimated the country needed 38 million masks – 14 million needed by state governments and the rest by the federal government – and 6.2 million pieces of protective gear
PM announces new fund for people to donate towards govt fight against coronavirus
People can visit www.pmindia.gov.in to make contributions using credit and debit cards, UPI, net banking and RTGS or NEFT, it said.
Slashed interest rate needs quick transmission: FM
The three-month moratorium on payments of term loan instalments (EMI) and interest on working capital give much-desired relief, said Finance Minister Nirmala Sitharaman .
Bruised Indian economy to be battered further by coronavirus: Reuters Poll
“Just as everywhere else in the world, the Indian economy is bracing for the fallout (from) this unprecedented event. We expect the lockdown to dramatically reduce GDP in … subsequent quarters, while there will be prolonged economic gloom throughout the rest of the year,” said Prakash Sakpal, Asia economist at ING.
Caronavirus Pandemic:EMIs put on hold for 3 moths, big-bang interest rate cut as RBI joins fight against coronavirus
All commercial, regional, rural, NBFCs and small finance banks are being permitted to allow 3-month moratorium on payment of installments in respect of all term loan EMIs outstanding on March 31,” said RBI
Coronavirus Pandemic: DGCA extends ban on international flights till April 14
The total number of coronavirus cases in India has climbed to 724 today. More than 85 cases were reported from the various parts of the country on Thursday — highest official single-day count so far. Out of the total patients, 677 are Indians and 47 are foreign nationals.