RBI Slashes Reverse Repo Rate by 25 Bps to Inject Liquidity

RBI Slashes Reverse Repo Rate by 25 Bps to Inject Liquidity

WWW.YUGMARG.COM FOLLOW US ON REGD NO. CHD/0061/2006-08 | RNI NO. 61323/95 Saturday, April 18, 2020 CHANDIGARH, VOL. XXV, NO. 78, PAGES 8, RS. 2 YOUR REGION, YOUR PAPER DCsGovt asked will buyto F50ollow apple guidelines boxes In72 167families years, CumminsCOVID 19: prepare plan for issued by MHA, home-quaran- isDoubling most entire grain of presented railways not rate of cases permitted opera- Himachal CM ferryingtined in Delhi pas- complete tionsfarmers: after MP 20th; to Himachal fastdipped from urges people; Di- sengersafter pizza on its Irrigation,Arvind mining recChiefts to Minis- identify delivery boy bowlerinthree to 6.2 toSharma be allowed in Tterablighi for corona Jamat birthdaytests wordaysld: phased manner contacwarriorsts and test positive McGrath PAGE 3PPAGE 5 AGE 6PAGE 8 RBI slashes reverse COVIDCOVID 19:19: DoublingDoubling raterate ofof casescases repo rate by 25 bps to inject liquidity Ldh ACP’s wife, two AGENCY other contacts reducesdipped from from three three to to 6.2 6.2 days days MUMBAI, APRIL 17 The Reserve Bank of India (RBI) on tested positive AGENCY Friday announced a reduction in re- LUDHIANA: The wife of NEW DELHI, APRIL 17 Cases surge verse repo rate by 25 basis points ACP Anil Kohli and two from 4 per cent to 3.75 per cent to other contacts tested posi- Before the lockdown, doubling to 13,835 facilitate bank credit flows amid the tive foe COVID 19 here. rate of COVID-19 cases was coronavirus crisis and subsequent about three days, but according to NEW DELHI: With 1,076 new countrywide lockdown which has Special Chief Secretary cases of COVID-19 in the last KBS Sidhu saud that the data of past 7 days, the dou- 24 hours and 32 deaths, In- brought economic activity to a virtu- The wife of ACP, a Sub-In- bling rate of cases now stands at dia's total count of coronavirus al halt. spector/ SHO and a con- 6.2 days, said Lav Aggarwal, cases has surged to 13,835, However, it kept the repo rate stable belonging to Feroz- Joint Secretary, Health and Fami- said the Union Ministry of unchanged. Repo rate is the rate at pore District, who is his ly Welfare, here on Friday. Health and Family Welfare on which the central bank lends money driver were found positive. "Before the lockdown, dou- Friday. to commercial banks, and reverse As per the state health de- bling rate of COVID-19 cases The total cases are inclusive repo rate is the rate at which it bor- partment, there are was about three days but accord- of 1,766 cured and dis- rows from them. India projected to 197confirmed COVID-19 ing to the data of past 7 days, the charged patients, one migrat- "The mission is to minimise the cases in Punjab and 13 doubling rate of cases now stands ed and 452 deaths. At pres- epidemiological damage in the grow at 1.9% have died due to the ill- ent, there are 11,616 active ness so far. Meanwhile, at 6.2 days," Aggarwal said dur- country due to coronavirus. I want to NEW DELHI: The Reserve Bank of ing the daily briefing on COVID- COVID-19 cases in the coun- convey the RBI's resolve and the India said on Friday that even after the total number of coron- try. Before the lockdown, the avirus cases in India has 19. way forward," said RBI Governor battered economically due to the Aggarwal said that the dou- doubling rate of COVID-19 Shaktikanta Das. He also announced Covid-19 crisis, India will continue risen to 13,387. Out of the cases was about three days, total count, 11,201 are ac- bling rate in 19 States and Union 17 charted flights to take back conducting of targeted long-term to grow at 1.9 per cent during the Territories are even lower than the but according to the data of repo operation (TLTRO) with Rs current fiscal year. “India is among tive, while 1,748 people the past 7 days, the doubling have been cured/dis- average doubling rate. 50,000 crore to maintain liquidity in the handful of countries that is pro- UK travellers from India rate of cases now stands at jected to cling on, somewhat tenu- charged. "The doubling rate is lower 6.2 days, said Lav Aggarwal, the system, incentivise bank credit than the national average in 19 NEW DELHI: The UK will send 17 more charted flights next flows and enable normal functioning ously, to positive growth rate of 1.9 Joint Secretary, Health and per cent. This is the highest growth States and UTs -- Kerala, Uttarak- week starting April 20 to take the British travellers back home in Family Welfare. "Before the of the market. Banks will be re- 2 terrorists involved hand, Haryana, Himachal the wake of COVID-19 pandemic. quired to invest 50 per cent of the rate among the G-20 economies as lockdown, doubling rate of estimated by the International Mon- in recent attack Pradesh, Chandigarh, Ladakh, As per the release by the British High Commission here, COVID-19 cases was about funds under TLTRO 2.0 to small and etary Fund (IMF),” RBI Governor killed in encounter Puducherry, Delhi, Bihar, Odisha, flights from Ahmedabad to London will fly on April 20, 22, 24, three days but according to mid-sized non-banking finance Shaktikanta Das said at a digital Tamil Nadu, Andhra Pradesh, Ut- and 26. The flights from Amritsar will operate on April 21, 23, 25 the data of past 7 days, the companies (NBFCs). JAMMU: Two terrorists press conference. tar Pradesh, Punjab, Assam, and 27. Flights from Bengaluru via Ahmedabad to London will doubling rate of cases now were killed in an en- stands at 6.2 days," Aggarwal counter in the Dachan Tripura, etc. We are intensifying fly on April 23. The flights would also be operating from Delhi said during the daily briefing area of Kishtwar on Fri- our efforts to reduce this doubling to London on April 21, 23, 25 and 27. Flights from Goa to Lon- on COVID-19. Aggarwal said day. "Police, Army, and rate," he said. don will operate on April 20, 22 and 24 and flight from Mumbai that as many as 5 lakh rapid Central Reserve Police Aggarwal informed that 13.6 to London will operate on April 26. Jan Thompson, Acting High antibody testing kits are being Rupee rebounds 48 Force (CRPF) forces were per cent of the people have recov- Commissioner to India, said in the official release: "There will be distributed to States and Dis- deployed in the difficult ered from COVID-19. 17 more charter flights next week to take British travellers back tricts where a high case bur- terrain on a tip-off. Two "A total of 1,749 people have to the UK - on top of the 21 flights announced previously." den has been observed. weapons have been re- been cured, which is equal to 13.6 paise against USD covered from the killed terrorists," said the In- spector-General of Police, MUMBAI, APR 17 change, the rupee opened at 76.59 Jammu. These two terror- MHA issues fresh guidelines on lockdown exemption and then gained further ground to ists were involved in a re- The Indian rupee on Friday settled touch a high of 76.35 against the US cent incident wherein a BUREAU est produce and plantation and harvesting of dia, states/Union Territory Governments and 48 paise higher at 76.39 against the dollar. Special Police Officer NEW DELHI, APRIL17 Bamboo, Coconut and Spices. Union Home all other authorities”. The Home Secretary US dollar, rebounding from an all- The domestic unit finally settled (SPO) was killed. Secretary Ajay Bhalla in his order in the ca- said activities permitted include “collection, time low hit a day earlier, buoyed by for the day at 76.39 against the US The Ministry of Home Affairs (MHA) on pacity of being the chairman of the national harvesting and processing of Minor Forest RBI measures to prop up the econo- dollar, registering a rise of 48 paise No cases in 3 Friday announced new guidlines covering executive committee under National Disaster Produce (MFP), Non-Timber Forest Produce my reeling under the Covid-19 im- over its previous close. hotspots of Delhi additional activities which will remain ex- Management Act said, the government “here- (NTFP) by Scheduled Tribes and other forest pact. On weekly basis, the Indian unit empted from the ongoing lockdown. by orders to include the following in the con- dwellers in the forest area”. Similarly, he also A strong rally in domestic equi- lost 12 paise or 0.15 per cent against in last 15 days: Jain In a bid to ease of the tribal and rural pop- solidated revised guidelines issued on April asked the authorities to allow activities relat- ties also helped in improving forex the USD. On Thursday, the rupee ulation the government issued an order ex- 15, 2020 for strict implementation by Min- ing to “Bamboo, Coconut, Arecanut, Coca, market sentiment. had settled at an all-time low of NEW DELHI: Delhi empting work related to no-timber minor for- istries/Departments of the government of In- spices plantation and their harvesting. At the interbank foreign ex- 76.87 against the US dollar. Health Minister Satyendar Jain on Friday informed that no new coronavirus cases have been reported Jai Ram welcomes SC decision from the three locations, Khattar gives nod for including Dilshad Garden Punjab launches dedicated for the last 15 days.

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