Hack the Crisis – India is an Online Hackathon to find working solutions & is a part of a global initiative organised by ‘Hack A Cause - India’ and ‘FICCI Ladies Organization Pune’ & supported by MeitY.
FICCI President - Sanjay Khajuria
In order to support students, All India Council for Technical Education has come out with MHRD AICTE COVID-19 Student Helpline Portal to address the issues. The website https://helpline.aicte-india.org was launched by HRD Minister Ramesh Pokhriyal Nishank.
Chairman AICTE - Prof. Anil Sahasrabudhe.
IIT Roorkee has developed low-cost face shields for first-line healthcare professionals at AIIMS Rishikesh. The frame of the face shield is 3D printed & can be used along with the protective gear while entering the wards housing patients.
The manufacturing cost per shield is approximately Rs 45.
Minster of MPPG Dr Jitendra Singh released the National Preparedness Survey on COVID19-Responses of District Collectors and IAS Officers. It was conducted in 410 Districts in the Country.
It highlights priorities & constraints of COVID 19 preparedness.
Action COVID-19 Team is launched which is starting a one hundred crore rupees programme, aimed to seed over 50 initiatives through grants to combat the economic fallout of COVID-19 in the country.
Entrepreneurs are trying to solve problems linked to COVID-19.
The Union government released ₹17,287 Crore to the states to enhance their financial services. This includes ₹6,195.08 cr on account of ‘revenue deficit grant’ under the 15th Finance Commission recommendations.
India’s COVID-19 stimulus package is 0.8 per cent of GDP.
Amid the ongoing economic slowdown, the government’s net direct tax collections have missed the downward revised target for 2019-20 by ₹1.42 L Crore at ₹10.27 L crore, a decline of over 8% from the previous year.
Govt. is likely to miss the fiscal deficit target of 3.8%.
Co-sponsored by 188 nations including India, the resolution titled Global solidarity to fight the coronavirus disease 2019 (COVID-19) is first such document on the global pandemic to be adopted by the world organization.
General Assembly President: Tijjani Muhammad
Member States: 193.
The government of Bangladesh under its Access to Information (a2i) programme and the Ministry of Health will utilize Artificial Intelligence (AI) for the management of Coronavirus spread.
Bangladesh Prime Minister Sheikh Hasina
After falling massively, the country's foreign exchange reserves surged by $5.65 billion to $475.56 billion helped by an increase in foreign currency assets, according to the latest data from the Reserve Bank of India (RBI).
Special drawing rights with IMF were up by $14 mn to $1.42 bn.
Fitch Ratings slashed India's growth forecast for the FY21 to a 30-year low of 2%, from 5.1% projected earlier. Fitch also said MSMEs and the services segment are likely to be among the most affected amid reduced consumer spending.
Moody's cut India's growth forecast for calendar 2020 to 2.5%.
In view of the COVID-19 outbreak, beginning April 7th, markets dealing with government securities, call/notice/term money, corporate bonds, foreign currency, Rupee Trades, commercial paper and Certificates of Deposit will be working from 10 AM to 2 PM.
Other banking services (NEFT, RTGS) will continue like before.
To ensure adequate liquidity in the system, RBI announced the third targeted long-term repo operation (TLTRO) for ₹25,000 crore and will conduct TLTROs of up to 3-year tenor of appropriate sizes for a total amount of up to ₹1,00,000 crore.
Shorter duration govt bond yields plunged after RBI's LTROs.
The FIFA Under-17 Women's World Cup, which was scheduled to be played in India between November 2nd and 21st, has been postponed. FIFA Confederations also postponed Under-20 Women’s World Cup to be held in Panama and Costa Rica.
U-17 Women's Cup was scheduled to be played across 5 cities.
The Mascots - Congcong, Lianlian and Chenchen which reflect the internet prowess of Hangzhou city and Zhejiang province, were unveiled. The Olympic Council of Asia's 19th Asian Games will be held in Hangzhou from September 10 to 25, 2022.
The three robot mascots – collectively called Smart triplets.
In Arunachal Pradesh, Pasang Wangchuk Sona passed away after a prolonged illness. He served as Deputy Speaker in Arunachal Pradesh Legislative Assembly. He served in the State Cabinet in the capacity of Minister for Mines and Minerals.
Arunachal Pradesh Chief Minister: Pema Khandu
Bill Withers, a soulful singer best known for the 1970s hits 'Lean on Me', 'Lovely Day' and 'Ain't No Sunshine', has passed away at the age of 81. 'Lean On Me' was based on his childhood in West Virginia.
He was an American Singer & Songwriter.