Daily News

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Georgia declares nationwide emergency over Novel Coronavirus pandemic

Georgia declared a nationwide state of emergency over the Novel Corona virus pandemic.The Black Sea nation of some 3.7 million people has so far reported 48 cases of COVID-19, while some 2,000 people are under quarantine.

Did you Know

Georgia- President Salome Zurabishvili ,PM- Giorgi Gakharia.

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India’s forex reserves plunge the most in 8 years as RBI defends the rupee

India’s foreign-exchange reserves plunged the most in about eight years as the central bank stepped in to defend the rupee.The reserves fell by $5.35 billion to $481.9 billion in the week,That’s the most since November 2011 when the hoard dropped $5.7 bn.

Did you Know

RBI Governor: Shaktikanta Das.

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SEBI takes measures to check short selling, curb volatility

SEBI lowered the limit of positions that can be taken in the futures & options market, increased margin requirements and capped derivatives exposure. SEBI’s measures are largely to curb extreme volatility in individual stocks and index derivatives segment.

Did you Know

Securities and Exchange Board of India(SEBI),Headquarters:Mumbai

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RBI opens ₹60,000-crore emergency credit line for Yes Bank

The Reserve Bank has opened an emergency line of credit of around ₹60,000 crore to Yes Bank to meet any liquidity crisis in paying back its depositors.The move comes after 16 years when a similar credit line was opened for Global Trust Bank in 2004.

Did you Know

Additional liquidity, under Section 17 (4) of the RBI Act.

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Romesh Sobti to have advisory role at IndusInd Bank

IndusInd Bank CEO Romesh Sobti will move into a full-time advisory role at the bank after his retirement on March 24.Sobti took over as IndusInd Bank CEO at the end of 2007 after serving as the head of ABN Amro in India.

Did you Know

Sumant Kathpalia newly appointed CEO of IndusInd Bank.

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Afghanistan, Maldives pledge to contribute USD 1.2 million to SAARC Corona Emergency Fund

Afghanistan and Maldives pledged to contribute USD 1.2 million to the SAARC Corona Emergency Fund proposed by PM Modi. Nepal and Bhutan also pledged nearly USD One million and USD 1,00,000 respectively to the SAARC Corona Emergency Fund.

Did you Know

South Asian Association for Regional Cooperation (SAARC).

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Cabinet approves scheme to make India electronic manufacturing hub

Cabinet approved 3 schemes to enable large scale electronics manufacturing & attract fresh investments worth at least ₹50,000 cr. in the sector. Funds allocated are to be used over 5 yrs. Scheme has the potential of creating 8,00,00 direct & indirect jobs.

Did you Know

Electronics & information technology min.- Ravi Shankar Prasad.

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RBI extends restrictions on PMC Bank for three more months

Reserve bank of India extended the regulatory restrictions on Punjab and Maharashtra Cooperative Bank (PMC) Bank by another three months.The validity of directive dated 23 September, 2019, stands modified from 23 March, 2020 to 22 June, 2020.

Did you Know

J B Bhoria, administrator.of PMC Bank.

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MyGov Corona Helpdesk launched on Whatsapp to provide COVID-19 information

Government launched an official chatbot on popular instant messaging application WhatsApp. The person in need is only required to save the number - 9013151515 in their contact list and send a message to the MyGov Corona Helpdesk.

Did you Know

MyGov.in,launched on : 26 July 2014.

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Cabinet approves relaunch of bulk drug park scheme

Cabinet approved the relaunch of a scheme to set up 3 bulk drug parks and 4 medical device parks for a total outlay of ₹3,400 cr.over 5 years.Bulk drug and medical devices park schemes were first suggested in Feb. 2015 by a committee headed by V.M. Katoch.

Did you Know

Chemicals minister: D.V. Sadananda Gowda.

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Government announces a production-linked incentive scheme (2) to boost domestic manufacturing

Govt. announced a production-linked incentive scheme to promote domestic manufacturing of critical key starting materials (KSMs), drug intermediates and active pharmaceutical ingredients (APIs).PLI scheme would have a financial implication of ₹6,940 crore.

Did you Know

China supplies, 2/3rd of India’s pharmaceutical raw materials.

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Yogi Adityanath announces relief measures for UP's daily wage earners

Uttar Pradesh CM Yogi Adityanath has announced sum of Rs 1,000 would be provided to each of the 20.37 lakh construction workers registered with the labour department & to each of the 15 lakh self employed cart owners,small shop owners and rickshaw pullers.

Did you Know

Anandiben Patel,current Governor of Uttar Pradesh.

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Jammu and Kashmir approves adoption of IT/ITeS policy

Administrative Council headed by Lt Governor accorded approval to the adoption of J-K IT/ITeS policy.The policy provides for creation and up-gradation of IT infrastructure to meet existing & future needs of the Union Territory in e-governance among others.

Did you Know

Jammu and Kashmir, Lt Governor-G C Murmu.

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Centre approves Land use change for Central Vista Redevelopment Execution

Centre approved the land use change for execution of its Central Vista redevelopment project in Lutyens’ Delhi.The redevelopment project of Central Vista-the nation's power corridor-envisages a triangular Parliament building next to the existing one.

Did you Know

Union Housing and Urban Affairs Ministry issued notification.

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Legendary country music singer Kenny Rogers dies at 81

Legendary country music singer Kenny Rogers, best known for global hits such as "Lucille", "Lady", "The Gambler" and "Islands in the Stream", passed away. He had his 1st gold single with a song called "That Crazy Feeling" under the name Kenneth Rogers.

Did you Know

Rogers won three Grammys and six CMA Awards.

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World Water Day 2020 – Water and Climate Change

World Water Day, on 22 March is about focusing attention on the importance of water.This year’s theme, ‘Water and Climate Change’, explores how water & climate change are inextricably linked.Water is our most precious resource-we must use more responsibly.

Did you Know

For first time World water day held on 22 March 1993.

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3.5-4.4 bn people will have limited access to water by 2050: UN

UN Secretary-General Antonio Guterres warned that without further efforts, between 3.5 & 4.4-bn people in the world will live with limited access to water, with more than 1-bn of them in major cities. World’s water resources are under exceptional threat.

Did you Know

2.2 billion people lack safe drinking water today.

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RBI chalks out contingency plan for smooth functioning of services

Reserve Bank of India has put in place a contingency plan & shared its BCP to ensure that key Information Technology (IT) services for the delivery of digital banking, treasury services and cheque clearance are not disrupted by the coronavirus outbreak.

Did you Know

BCP- Business Continuity Plan.

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Justice Bhushan Dharmadhikari Appointed Chief Justice of Bombay High Court

Justice Bhushan P Dharmadhikari was sworn-in as Chief Justice of the Bombay High Court by Maharashtra Governor Bhagat Singh Koshyari. He will succeed Justice Pradeep Nandrajog. Justice Dharmadhikari was appointed as the acting CJ of the High Court.

Did you Know

Chief Justice Dharmadhikari is due to retire on 2020 April 24.