RBI eases bad loan rules, cuts reverse repo rate, freezes dividend payout by banks
Mumbai: The RBI on Friday further eased bad-loan rules, froze dividend payment by lenders and pushed banks to lend more by cutting the reverse repo rate by 25 basis points, as it unveiled a second set of measures to support the economy hit hard by a coronavirus-led slowdown. In his second televised address since the […]
Global virus deaths pass 150,000 as Trump endorses lockdown protests
Washington: Coronavirus deaths have surged past 150,000 worldwide with nearly a quarter of them in the United States, where President Donald Trump lent his support to protesters rallying against lockdown orders. Evidence is mounting that social distancing successfully slowed the pandemic after more than half of humanity — 4.5 billion people — were confined to […]
Defiant clerics: Pak allows conditional congregational prayers during Ramazan
Islamabad: Succumbing to pressure from the hardline clerics, the Pakistan government on Saturday allowed congregational prayers in mosques during the month of Ramazan, endangering the drive to curb the spread of coronavirus that has killed more than 154,000 people worldwide. President Dr Arif Alvi made the announcement after a meeting with religious leaders and political […]
Of 14,378 COVID-19 infections, 4,291 cases linked to Markaz event in Delhi: Govt
New Delhi: Of the 14,378 coronavirus infections reported in the country till Saturday morning, 4,291 cases in 23 states and Union Territories are linked to the Markaz event held in Delhi’s Nizamuddin area in March, the Union health ministry said. By Saturday evening, the death toll due to coronavirus infection rose to 488, while the […]
Death toll by COVID-19 reaches 488 in India
14,792 positive cases also reported till Saturday
New Delhi: The death toll due to COVID-19 rose to 488 and the number of cases climbed to 14,792 in the country on Saturday, registering an increase of 36 deaths and 957 cases since Friday evening, according to the Union Health Ministry. The number of active COVID-19 cases stood at 12,289 while 2,014 people have […]
