COVID-19 economic response task force to be headed by Finance Minister

Prime Minister Narendra Modi, during his public address, announced the setting up of a COVID-19 economic response task force. The task force is to be headed by Finance Minister Nirmala Sitharaman, to measure the economic impact of the pandemic and take appropriate ..

ADB announces $6.5 billion package for member countries to tackle COVID-19

Manila-based Asian Development Bank recently announced an initial package of $6.5 billion (equivalent to ₹48,230 crore) to cater the immediate needs of its developing member countries in fighting the Covid-19 pandemic. As per the announcement of the Development bank, out ..

RBI conducts OMO for purchase of Rs 10,000 crore worth government securities

The Reserve Bank of India (RBI) is conducting Open Market Operations (OMO) in the form of purchase of Rs 10,000 crore worth government securities. This important step of the central bank has been announced at the backdrop of the increased ..

Kerala government announces ₹20,000 crore economic package to tackle coronavirus outbreak

The Kerala state government announced a ₹20,000 crore economic package to deal with the coronavirus outbreak. This package includes funds to clear dues which the government owes individuals and institutions, providing consumer loans, disbursing welfare pension of two months in advance and ..

Punjab permits distilleries to manufacture and supply sanitisers

The Punjab government on Saturday granted permission to distilleries to manufacture and supply sanitisers in wake of the rise in coronavirus cases in the state. Punjab Food and Drug administration Commissioner recently announced that the permission for a period of ..

Afghanistan to contribute $1 million to SAARC Corona Emergency Fund

Afghanistan recently pledged $1 million contribution to the SAARC Corona Emergency Fund, which was proposed by the Indian Prime Minister Narendra Modi. India proposed an initial contribution of $10 million to tackle the outbreak of the deadly coronavirus. After the announcement, ..