The Week That Was…
We bring to you top 5 developments from the world of politics and business that happened in the Country in the Week Gone by:
1. Within a week, PM Narendra Modi addressed the nation on Tuesday (24th March). He announced 21-days countrywide lockdown to prevent spread of Coronavirus. Modi also announced Rs 15,000 crore to fight COVID-19.
2. On 27th March (Friday) Finance Minister Nirmala Sitharaman announces Rs 1.7 lakh crore relief package for poor.
3. Mar 27, 2020 (Friday), RBI annouced measures for the industry hit hard by the Coronavirus Pandemic. The central bank announced 75 basis point cut in Repo rate. It allowed banks, NBFCs to put a 3 month moratorium on term loans. RBI is ensuring enough liquidity in the market post lockdown.
4. Indian Railways, currently not operating any passenger trains due to the lockdown, will convert its train coaches into quarantine wards, preparing for future.
5.The weekend saw mass exodus of labourers, who losing livelihoods to the lockdown, took to the roads to go from cities to their far-off homes in different states, threatening the whole purpose of the lockdown.
You might also like
WelcomHeritage Hotels has a new CEO
Mr. Sunil Gupta has taken over as the Chief Executive Officer of WelcomHeritage Hotels with effect from December 2015. He brings along an experience of 30 years in the hospitality
The Golden Peacock at The Venetian Macao Awards Michelin Star for fifth straight year
Outstanding Indian restaurant recognised by world’s leading restaurant rating guide For the fifth year in a row The Golden Peacock at The Venetian Macao has been recognised by the Michelin Guide Hong Kong and
Railways to use Artificial Intelligence for preventing signal failures
Aiming to reduce the possibilities of signals failing, Indian Railways has undertaken remote condition monitoring of the system, a new approach for the national transporter, to predict failures through the
