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
Merger of getabed and roomsXML forms Stuba
Following their merger, B2B accommodation only specialists’roomsXML and getabed have announced the launch of a new brand, Stuba. Whilst Stuba will be the fresh new identity for the unified group,
The Fern Residency opens in Miramar
The Fern Hotels & Resorts added another hotel to its kitty by opening The Fern Residency Miramar, Goa. Earlier the same property was known as Mystique Heights Beacon. Now it
Alila Yangshuo, China- A modern resort unveiled
Situated amongst a backdrop of karst mountains, rolling hills and winding rivers, the new Alila Yangshuo opens a chapter on modern retro, rich in history and design innovations. Once a
