with chief ministers of various states. Union Health Minister Harsh Vardhan and top health ministry officials were also present in the meeting held via video link.
Lenders seek relaxation in NPA norms
The Indian Banks’ Association (IBA) is set to demand a host of relaxations
towards repaying loans in a bid to tide over the coronavirus crisis, including an extension of 90 days in classifying accounts as non-performing assets (NPA) and deferring the installment of term loans.
Offices shut in Mumbai and Pune
All the shops, establishments and offices excluding those engaged in essential services will have to remain shut
till March 31 in Mumbai, Pune and Nagpur, chief minister Uddhav Thackeray announced. Groceries, milk centres, pharmacies and banks are exempted from the restrictions which will kick-in from Friday midnight.
SBI offers a new credit scheme
In relief to existing borrowers, the State Bank of India (SBI) on Friday announced a new scheme where the lender will provide emergency credit to borrowers whose operations are hit by the Coronavirus (Covid-19) pandemic. The government lender will make additional credit available via Covid-19 Emegency Credit Line (CECL) to existing borrowers on an ad-hoc basis. CECL will come into effect from March 30.
RBI to inject Rs 30,000 cr into market
The Reserve Bank of India
(RBI) will inject liquidity of Rs 30,000 crore
through open market operations next week to maintain financial stability in the system in the wake of the coronavirus outbreak. The central bank has decided to conduct purchase of government securities under open market operations (OMOs) for an aggregate amount of Rs 30,000 crore in two tranches in March.
Delhi metro to be shut on Sunday
The Delhi Metro services will be closed
on Sunday in view of the 'Janata curfew', officials said. The total number of coronavirus cases in the national
capital on Thursday rose to 14, according to the Delhi Health Department.
China's economy normalisng, says IMF
US warns citizens against foreign travel
The United States warned Americans to return home or stay abroad indefinitely
, while Senate Republicans unveiled a $1 trillion economic stimulus plan to provide funds directly to businesses and the American public, as the number of coronavirus cases in the country surged past 13,000.
MPs who shared space with BJP MP Dushyant Singh go for self-quarantine
Several Members of Parliament including TMC's Derek O'Brien and Apna Dal's Anupriya Patel on Friday went into self-quarantine following the announcement by BJP MP Dushyant Singh and his mother former Rajasthan chief minister Vasundhara Raje that they were self-isolating themselves after attending a party last week with singer Kanika Kapoor who has tested positive for COVID-19.