Top GKToday’s News Headlines-18 April 2020

Here are Top GKToday’s News Headlines for 18 April, 2020

INDIA

  • COVID 19: DRDO develops Automatic Mist Based Sanitiser Dispensing Unit and UV Sanitisation Box & Hand-held UV device
  • IIT Ropar designs ‘WardBot’ to deliver food, medicines to COVID-19 patients in isolation wards without human intervention
  • Agriculture Minister Narendra Singh Tomar launches “Kisan Rath” Mobile App to facilitate transportation of foodgrains and perishables during lockdown

ECONOMY & CORPORATE

  • RBI cut reverse repurchase rate by 25 basis points to 3.75%; benchmark repo rate kept unchanged at 4.40%
  • The cut in reverse repurchase rate is to discourage banks from parking cash with the RBI and encourage them to lend
  • RBI raises Ways and Means Advances limit for States by 60% over and above the level as on 31 March 2020
  • RBI announces TLTRO 2.0 (targeted long-term repo operation) for Rs 50,000 crore, targeted at lower-rated debt instruments from NBFCs and HFCs
  • RBI lowers liquidity coverage ratio (LCR) for banks to 80% from 100%
  • LCR requires banks to hold enough high-quality liquid assets such as short-term government bonds
  • RBI allows NBFCs to extend the date for commencement of commercial operations (DCCO) for loans given to commercial real estate by additional one year without considering it as restructuring
  • RBI allows NBFCs to extend the date for commencement of commercial operations (DCCO) for loans given to commercial real estate by additional one year without considering it as restructuring
  • In relief to borrowers and banks, RBI exempts accounts with moratorium benefits from asset recognition norms for 90 days
  • RBI announces Rs 50,000 crore special refinance facilities for NABARD (Rs 25,000 crore), SIDBI (Rs 15,000 crore), & NHB (Rs 10,000 crore)
  • RBI debars commercial and cooperative banks from paying dividends to shareholders and promoter groups
  • NCAER’s Business Confidence Index (N-BCI) declines to 77.3 in Q4 of 2019-20 from 111.2 in Q3
  • India’s GDP growth may slide to 1.1% in 2019-20: SBI Ecowrap report
  • Foreign exchange reserves up by USD 1.815 billion to USD 476.475 billion for the week to April 10

WORLD

  • NASA astronauts Andrew Morgan, Jessica Meir and Russian space agency Roscosmos’ Oleg Skripochka return to earth from the International Space Station after more than 200 days in space

SPORTS

  • Cricket: Indian Premier League suspended indefinitely by BCCI

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