- Coronavirus in India LIVE updates: India entered day 3 of its 21-day nationwide lockdown imposed by PM Narendra Modi in a bid to contain the spread of coronavirus Covid-19, which has already breached the 700-mark in the country, with a maximum number of cases being reported on Thursday. The central government on Thursday announced the first installment of a fiscal relief package, worth Rs 170,000 crore, to protect the weaker sections of the society from the economic fallout of Covid-19 in the country. Announcing the measures, Finance Minister Nirmala Sitharaman said the PM Garib Kalyan Yojana will benefit migrant workers, rural poor and women.
- Meanwhile, in the wake of a significant surge in Coronavirus cases across the world, the government of India on Thursday announced that the ban on international flight operations to India has been extended to April 14.
- So far, COVID-19 has claimed 16 lives in India.
By : ABP News Bureau | Updated: 27 Mar 2020 12:11 PM (IST)
12:11 PM IST | 27 MAR 2020
There are a total of 39 Coronavirus positive cases in Delhi today. 29 of them had come from outside and were kept in quarantine & 10 of these are cases of local transmission: Delhi CM Arvind Kejriwal
12:06 PM IST | 27 MAR 2020
Update : Indian Army has code-named its anti Covid-19 operations as Operation Namaste. Army has, so far, established eight quarantine facilities across the country.
12:03 PM IST | 27 MAR 2020
24 hour control room established for UP residents at the Uttar Pradesh Bhawan in Delhi. People can contact the UP Bhawan Control Room at 011-26110151 to 26110155, and 9313434088.
12:01 PM IST | 27 MAR 2020
Army has successfully come out of all operations in the past, and will successfully execute Operation Namaste as well: Army Chief General MM Naravane on preparations by his force against Covid-19.
11:21 AM IST | 27 MAR 2020
Moody’s slashes India GDP growth in
2020 to 2.5 pc:
Moody’s Investors Service on Friday slashed its estimate of India’s GDP growth during 2020 calendar year to 2.5 per cent, from an earlier estimate of 5.3 per cent and said the coronavirus pandemic will cause unprecedented shock to the global economy. The estimate for 2020 compares to 5 per cent economic growth in 2019. In its Global Macro Outlook 2020-21, Moody’s said India is likely to see a sharp fall in incomes at the estimated 2.5 per cent growth rate, further weighing on domestic demand and the pace of recovery in 2021.
11:18 AM IST | 27 MAR 2020
Prez interacts with Governors of all
President Kovind, along with the Vice President, interacted with Governors, Lt Governors and Administrators of all States and Union Territories on issues related to Covid-19. He lauded the efforts of all health professionals and everyone at the forefront of handling the challenge
10:33 AM IST | 27 MAR 2020 Major takeaways from RBI Governor Shaktikanta Das’ address:
Repo rate reduced by 75 basis points to 4.4.%. Reverse repo-rate reduced by 90 basis points to 4%
MPC (Monetary Policy Committee) noted that global economic activity has come to a near stand-still as #COVID19 related lockdowns & social distancing in affected countries. Expectations of a shallow recovery in 2020 from 2019’s decade low in global growth have been dashed.
The outlook is now heavily contingent upon the intensity, spread & duration of the pandemic. There is a rising probability that large parts of the world will slip into recession.
Covid-19 stocks the global economy and the outlook is highly uncertain & negative. Several nations are battling its exponential contagion. Countries are shutting down to prevent being sucked into a kind of black hole.