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Economic Times | 06 Aug, 2020 | 04.33PM IST
Coronavirus Live News : Initial findings on plasma therapy trial did not show promising evidence, reports AIIMS
The trial conducted by AIIMS for convalescent plasma therapy on COVID-19 patients did not show much clinical benefit in reducing fatality risk caused due to the virus.
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504 separatist leaders, who were detained following abrogation of Article 370 provisions, have been released so far after they signed 'good behavior bond'
- J&K DGP Dilbag Singh
Delhi Government sends proposal to Lieutenant Governor Anil Baijal recommending to open hotels, gyms and weekly markets.
State Bank of India taps Facebook Messenger for ongoing #GharSeBanking campaign
Social media giant Facebook said SBI has driven downloads and adoption for its YONO app, YONO Lite, SBI Quick, BHIM SBI Pay, and other online SBI platforms leveraging conversational marketing via Facebook Messenger.
Blue Star reports net loss of Rs 19.6 crore in Q1 due to COVID-19
233 Indian nationals, mostly students from all over China left for home on the Guangzhou-Delhi Vand Bharat Mission special flight today afternoon
- Consulate General of India, Guangzhou, China
Nirav Modi further remanded in custody until August 27, trial begins in September
ITC's food business crosses Rs 10,000 cr sales milestone in FY20
IMD predicts heavy rainfall in Mangaluru till August 8
Karnataka: Water level of Netravathi River rises in Mangaluru following heavy rainfall in the region. India Meteo… https://t.co/kYTtowoZyy
— ANI (@ANI) 1596709360000BCCI and Vivo have decided to suspend their partnership for IPL in 2020
German diplomat killed in Beirut blast: Berlin
Senior CPI(M) leader Shyamal Chakraborty dies of COVID-19 at hospital in Kolkata
PTI
Gold imports by India rebound in July after slump in first half
Overseas purchases rose to 25.5 tons in July from 20.4 tons a year earlier and were almost double the amount shipped in the previous month, according to a person familiar with the data, who asked not to be identified as the information isn’t public.
Himachal Pradesh's COVID19 case tally rises to 2,928
There are 1,087 active cases, 1,801 recovered cases and 12 deaths in the state: State Health Department
India can be a challenger to China and emerge as manufacturing hub of the world
- Pawan Munjal
Centre releases Rs 890 crore as 2nd tranche of package for Covid health system preparedness
Those who received financial assistance in the second installment include Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha, Rajasthan, Telangana, Andhra Pradesh, Goa, Gujarat, Karnataka, Kerala, Punjab, Tamil Nadu, West Bengal, Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizoram and Sikkim.
BSF constable arrested by Punjab Police for facilitating Pakistani smugglers has been dismissed from the service
- Border Security Force
Light rain hits parts of Pune
Maharashtra: Light rain hits parts of Pune. India Meteorological Department (IMD) has predicted 'generally cloudy s… https://t.co/sjzDkbfgId
— ANI (@ANI) 1596705927000Sushant Singh Rajput Death Case: Four officers of Bihar police team returns to Patna from Mumbai
Kerala: Special NIA Court posts the bail petition of Swapna Suresh for further hearing to August 10
Swapna Suresh is an accused in Kerala Gold Smuggling case.
Such comments are deeply regrettable
- MEA on Pak's reaction to groundbreaking ceremony for Ram temple
Announced in Union Budget 2020, Kisan Rail to begin transport services from Friday
9 people arrested for allegedly killing bison in wildlife sanctuary in Chhattisgarh's Kabirdham district
PM Modi remembers Sushma Swaraj on her first 'Punya Tithi'
Remembering Sushma Ji on her first 'Punya Tithi'. Her untimely and unfortunate demise left many saddened. She served India selflessly and was an articulate voice for India at the world stage: PM Narendra Modi
High tide hits Mumbai
High tide hits Mumbai's Marine Drive, amid heavy rainfall https://t.co/AO9ewSFeOB
— ANI (@ANI) 1596702795000PM Modi to address NEP Conclave tomorrow at 11 AM
Recovery in employment rate slows down in July at 1.7 percentage points: CMIE
Heavy rainfall in Kerala
Kerala: Water from Muthirapuzha river in Munnar enters low lying areas, following heavy rainfall in the area https://t.co/9aIgclkoDW
— ANI (@ANI) 1596702243000Sushant Singh Rajput death case: Rhea Chakraborty's associate questioned by ED
Rhea Chakraborty's associate Samuel Miranda reaches Enforcement Directorate (ED) office in connection with. He was questioned by ED yesterday too.
Action against illegal online health service aggregators
Delhi HC directs AAP govt to take action against online health service aggregators which are operating illegally and collecting samples for COVID19 tests.
Sushma ji was a member of our family. She was a wonderful human being, who was prompt in her responses for any request or solution
- VP Venkaiah Naidu on Sushma Swaraj's first death anniversary
TV actor & model Sameer Sharma was found hanging from his kitchen ceiling at his residence
Accidental Death Report registered, body sent for autopsy. Looking at body's condition, it's suspected that he died by suicide two days back: Malad Police.
Five more people succumbed to COVID19 in Puducherry
- Death toll to 70
- Tally reaches 4,621
- 195 fresh cases
- Active case count 1,743
Odisha's COVID-19 tally rises to 40,717
- 1,699 fresh cases,
- 10 more fatalities push death toll to 235
65 fresh cases take Arunachal Pradesh's COVID19 tally to 1,855
Number of active cases 642
Sensex rises 500 points; RIL, HDFC Bank, IT stocks gain
Creation of Reserve Bank innovation hub
The Innovation Hub will act as a centre for ideation and incubation of new capabilities which can be leveraged to create innovative and viable financial products and / or services to help achieve the wider objectives of deepening financial inclusion, efficient banking services, business continuity in times of emergency, strengthening consumer protection, etc.
Online dispute resolution for digital payments
- Reserve Bank shall require Payment System Operators (PSOs) to introduce Online Dispute Resolution (ODR) Systems in a phased manner.
- To begin with, authorised PSOs shall be required to implement ODR systems for failed transactions in their respective Payment Systems.
Scheme of offline retail payments using cards and mobile devices
- The Reserve Bank has been encouraging entities to develop offline payment solutions.
- It is proposed to allow a pilot scheme for small value payments in off-line mode with built-in features for safeguarding interest of users, liability protection, etc.
Strengthening credit discipline
- Use of multiple operating accounts by borrowers, both current accounts as well as cash credit (CC)/overdraft (OD) accounts, has been observed to be prone to vitiating credit discipline.
- It has been decided to address these concerns through appropriate safeguards for the opening of current accounts and CC/OD accounts for customers availing credit facilities from multiple banks.
Introduction of a flexible automated option for managing CRR balances
Using this facility in e-Kuber system, banks will be able to set the amount (specific or range) that they wish to keep as balance in their current account with RBI at the end of the day.
For the safety of cheque payments
RBI to introduce a mechanism of positive pay for all cheques of value Rs 50,000 and above.
Priority sector lending status extended to start-ups
RBI proposes for innovation hub and online dispute mechanism for digital payments
Regulatory response has to be dynamic, proactive and balanced during the coronavirus pandemic
- RBI Governor Das
Loans against gold enhanced to 90% of the value from current 75%
This is to mitigate COVID-19 impact on households, says RBI Governor Das
Stressed MSME borrowers to be eligible for restructuring of debt if their accounts were classified standard
Window to restructure loans of corporate, individual borrowers
RBI allows lenders to provide window to restructure loans of corporate, individual borrowers to ease COVID-19 impact, says Governor Das
RBI is constituting an expert committee headed by veteran banker KV Kamath for resolution plans
Rs 10,000 cr additional liquidity facility to be provided by NHB, NABARD, says RBI Governor Das
Borrowing costs in financial markets at decade low
Covid steps to be taken will cover
- Liquidity support for financial markets
- Improved credit flow
- deepen digital payment system
- Leveraging tech
Easing of financial conditions has enhanced transmission: RBI
Headline inflation to remain elevated in Q2FY21
Real GDP growth to remain in negative zone in 1st half and in full fiscal
RBI Guv
India's economic growth to contract in first half of fiscal beginning April 2020
RBI Governor Das
MPC expects inflation to remain elevated in Q2, ease in second half of fiscal
RBI Governor
MPC voted unanimously in favor of status quo, leaving repo rate and reverse repo rate unchanged
- RBI Governor Das
Supply chain disruptions persist; inflation pressures evident across segments
- RBI Governor Das
High-frequency data levelled off due to reclamping of lockdowns
- RBI Governor
Economic activity had started to recover, but surge in infection has forced imposition of lockdowns
- RBI Governor Das
