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Indian News

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.

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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.

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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’.

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