Lockdown, Day 24: RBI pulls out Swiss knife
In a renewed effort to pave the way for a
recovery, the Reserve Bank of India today announced various measures to
deal with the collateral damage from the coronavirus pandemic.
Amid a general ramp-up in screening and testing for the disease, Gujarat
became the third state to register 1,000 Covid positive cases.
Below are the other major developments during the day.
COUNT SO FAR:
 |
Eight deaths in Indore, and 245 new cases. |
|
|
Two deaths in Gujarat, brings death tally to 38; cases up to 92. |
|
|
62 new cases in Delhi, total up to 1,640. |
|
|
38 new cases in Rajasthan, 1,169 in total. |
|
|
38 new cases in Andhra Pradesh, tally rises to 570. |
|
|
38 new cases in Karnataka, tally up to 353.
|
|
|
34 new cases in Maharashtra, total now 3,236. |
|
|
Three new cases Bihar, tally up to 83. |
|
|
Three new cases in Chhattisgarh, case total now 36. |
| World |
|
India |
|
| Tally |
Toll |
Tally
|
Toll |
| 21,65,500 |
1,45,705
|
13,387 |
437 |
BUSINESS:
|
|
Boeing to restart commercial production next week. |
|
|
SIAM urges government to temporarily cut GST taxes by 10%. |
|
|
Discoms to suffer Rs 30,000 crore revenue loss due to lockdown. |
RBI MEASURES:
|
|
Reverse repo rate has been cut by 25 bps to 3.75%. |
|
|
States Ways and Means Allowance limit increased by 60%. |
|
|
A second tranche of TLTRO worth Rs 50,000 crore. |
|
|
Liquidity Coverage Ratio has been brought down to 80% from 100%. |
|
|
Rs 1.2 lakh crore fresh currency pumped into the system. |
AROUND THE WORLD:
|
|
US cases up to 6,50,00; deaths over 33,000. |
|
|
Germany's cases rise by 3,380. |
|
|
Belgium deaths cross 5,000. |
CHINA:
|
|
26 new cases reported in the Mainland |
|
|
China posts 6.8% decline in GDP; first decline in decades. |
|
|
China revises Wuhan death toll to 3,869; 50% increase |
