Mentioning the COVID-19 outbreak as “a crisis like no other,” IMF’s Managing Director Kristalina Georgieva has said the international lender is planning to use all its USD 1 trillion lending capacity to assist countries battling the deadly outbreak of Coronavirus. Around 102 member nations are seeking assistance from the organization to fight the coronavirus, the … Read more
On Wednesday, Finance Minister Smt. Nirmala Sitharaman participated in the virtual session of the 2nd G20 FMCBG meeting. The acronym FMCBG stands for “Finance Ministers and Central Bank Governors”. The meet has been held to discuss the global economic outlook amidst the rapidly spreading COVID-19 pandemic crisis. She appreciated the Saudi Presidency for their continuous … Read more
On Sunday, World Bank praised India’s Aarogya Setu app in its report. The app helps significantly in ‘contact tracing’ and containing the spread of the deadly coronavirus. Earlier, Prime Minister Narendra Modi also appealed to the people to download the Aarogya Setu mobile app. “Digital technologies can also be used to monitor the spread of … Read more
Extension of the nationwide lockdown in India till May 3 will cause an economic loss of around 234.4 billion dollars, which would result in stagnant GDP (Gross_domestic_product) for the year 2020, a British brokerage said on Tuesday. It is worth noting that PM Narendra Modi extended the three-week lockdown till May 3, mentioning the need to … Read more
On Tuesday, Indian Prime Minister Narendra Modi extended the nationwide lockdown by another 19 days to 3 May. The lockdown, effective 25 March, aiming to contain the spread of deadly COVID-19, was scheduled to end on 14th April. Highlights of PM Modi’s Speech: • Suggestions from various stakeholders including states and people were in favor … Read more
On Monday, the Supreme Court refused to entertain a plea that challenged the legality of the PM CARES Fund’s constitution. Advocate ML Sharma had filed the PIL or Public Interest Litigation, saying that the authority to form contingency relief funds lies with the Parliament only. The hearing was conducted through video conferencing. The bench termed … Read more