Coronavurus live updates: RBI reduces repo rate by 40 basis points from 4.4% to 4%, says governor Shaktikanta Das

Pakistan's Covid-19 cases go past 50,000

Pakistan's coronavirus cases on Friday crossed the 50,000-mark after a record 2,603 more patients were diagnosed with the Covid-19 disease, the health ministry said.The deadly contagion claimed the lives of 50 people in the last 24 hours, taking the death toll to 1,067, the Ministry of National Health Services said.Out of the total 50,694 patients, Sindh reported 19,924 cases, Punjab 18,455, Khyber-Pakhtunkhwa 7,155, Balochistan 3,074, Islamabad 1,326, Gilgit-Baltistan 602 and Pakistan-occupied Kashmir 158 cases.It also reported that so far 15,201 people have recovered from the malignant virus. In the past 24 hours, 1,064 people recovered from the novel coronavirus.

Tamil Nadu government permits operation of autorickshaws and cycle rickshaws with a passenger across the state, excluding Greater Chennai Police limits between 7am and 7pm. This is applicable only to non-containment areas.

The order will come into effect from tomorrow, i.e., May 23

Special repatriation flight carrying 116 passengers from Vancouver in Canada reached Amritsar today, reports ANI

GDP growth in 2020-21 likely to be in negative: Shaktikanta Das

The Reserve Bank on India (RBI) on Friday said India's gross domestic product (GDP) growth will be in negative territory in 2020-21 as the outbreak of coronavirus has disrupted economic activities.

COVID-19 infection may cause thyroid disease, case study finds

Andhra Pradesh reports 62 new coronavirus cases, state’s tally jumps to 2,514

RBI extends moratorium on loans for another 3 months till August

Reserve Bank of India (RBI) governor Shaktikanta Das on Friday extended the moratorium on payment of loans by another three months till August to provide much-needed relief to borrowers whose income has been hit due to the coronavirus crisis. In March, the central bank had allowed a three-month moratorium on payment of all term loans due between March 1, 2020, and May 31, 2020. Read full story

Read: RBI slashes benchmark lending rate by 40 basis points

In an off-cycle meeting of the Monetary Policy Committee (MPC), the decision was taken unanimously to cut repo to support growth.

Inflation outlook highly uncertain: RBI Governor Das

Reserve Bank Governor Shaktikanta Das on Friday said the inflation outlook is highly uncertain due to the outbreak of the COVID-19 pandemic and expressed concern over elevated prices of pulses.

We will continue to remain vigilant and will use all instruments to address the dynamics of the unknown future: RBI Guv

RBI extends moratorium on term loans for a further period of 3 months

Headline inflation may remain firm in first half of year; ease in second half, falling below 4% in Q3/Q4 of FY21: RBI Governor

We are trying to be proactive in responding to the current situation: Governor Das

Six member monetary policy committee voted 5:1 in favour of 40 bps cut in interest rate: RBI Governor

RBI Governor says India seeing collapse of demand; electricity, dip in petroleum product consumption; fall in private consumption (PTI)

Private consumption has seen biggest blow due to COVID-19 outbreak, investment demand has halted: RBI Governor Das

GDP growth estimated to remain in negative territory: RBI Guv

MPC inflation outlook highly uncertain due to the pandemic: Shaktikanta Das