Indian News

Mega merger of state-run banks comes into force from April 1, says RBI

  Mumbai: The schemes for the merger of ten state-run banks into four lenders are coming into force from April 1, according to the Reserve Bank of India. The banking regulator in separate releases announced that the branches of merging banks will operate as of the...

Coronavirus Pandemic:Total cases in the country rises to 979,death toll 25

  New Delhi: As the country entered Day 5 of a 21-day lockdown, the total coronavirus cases in the country has risen to 979, according to the latest figures released today from Union Health Ministry. This includes 48 foreign nationals. The death toll has increased to...

FPIs pull out over Rs 1 trillion in March over coronavirus scare

New Delhi: As the coronavirus pandemic is triggering fears of a global recession, foreign investors have started rowing back from the Indian capital markets by withdrawing a massive over Rs 1 lakh crore in March after remaining net buyers for six consecutive months.   In order...

PM announces new fund for people to donate towards govt fight against coronavirus

New Delhi: Prime Minister Narendra Modi on Saturday announced the creation of an assistance and emergency situation relief fund where people can contribute and help in the government's fight against coronavirus.   The Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund will go a...

India needs at least 38 mn masks to fight Coronavirus

  New Delhi: India needs at least 38 million masks and 6.2 million pieces of personal protective equipment as it confronts the spread of coronavirus, and has approached hundreds of companies to secure supplies quickly, according to a report by the country's investment agency seen by...

Bruised Indian economy to be battered further by coronavirus: Reuters Poll

  New Delhi: India's already-slowing economy weakened to at least an eight-year low this quarter and will slow even more sharply in the next six months due to the global coronavirus pandemic, a Reuters poll found.   With the virus spreading rapidly, Prime Minister Narendra Modi announced...

Finance Minister Nirmala Sitharaman

Slashed interest rate needs quick transmission: FM

  New Delhi: Finance Minister Nirmala Sitharaman on Friday asked banks for "quick transmission" of slashed interest rate as the RBI cut the key lending rate sharply by 75 basis points to boost liquidity in financial system to deal with the COVID-19 pandemic.   In a tweet,...

Maha govt mulls insurance for staff treating COVID-19 patients

  Mumbai: Maharashtra Health Minister Rajesh Tope on Friday said the state government is considering to provide insurance cover to the medical staff treating COVID-19 patients in the state.   In a Facebook live, Tope said apart from the insurance cover, the government also plans to give...

Coronavirus cases rise to 873 in India, highest single-day jump in number of cases

New Delh:  The number of COVID-19 cases climbed to 873 in India on Saturday with the death toll rising to 19, according to the Union Health Ministry.   While, the US surpassed China in Covid-19 cases, global infections have crossed 597,267 mark. As many as 27,360...