Catch up on all the top news you may have missed today.
Atma-Nirbhar Bharat: Cost to govt is just 16% of package
Almost 84 per cent of the Rs 20 lakh crore economic Atma Nirbhar Bharat package, announced by Prime Minister Narendra Modi on May 12 and rolled out by the Finance Minister Nirmala Sitharaman over the next five days, has been in the form of loans and other liquidity measures — effectively implying no cost or cash outflow to the exchequer. Read More
Karnataka issues new Lockdown 4.0 guidelines
Karnataka Chief Minister BS Yediyurappa on Monday said that people from Gujarat, Maharashtra, Kerala and Tamil Nadu will not be allowed in the state till May 31, among other guidelines for Lockdown 4.0. Read More
Kerala allows shopping malls to open at 50% capacity
The Kerala government has released a set of fresh guidelines for the fourth phase of the nationwide lockdown, which has been extended till May 31. In the fourth phase, the state government has primarily focussed on easing the travel restrictions in Kerala. Read More
India will experience its deepest recession ever: Goldman Sachs
Goldman Sachs is anticipating that India will witness its worst recession yet as its data pointed out to the adverse economic impact of the lockdown imposed to check the spread of the coronavirus outbreak. Gross domestic product is expected to shrink by an annualized 45% in the second quarter from the past three months in contrast to Goldman’s previous forecast of a 20% decline, Bloomberg reported. Read More
Yogi accepts Priyanka’s advice on buses for migrant workers
The Uttar Pradesh government on Monday, 18 May, accepted the proposal of Congress leader Priyanka Gandhi to deploy 1,000 buses for migrants. Awanish Awasthi, Uttar Pradesh Additional Chief Secretary (Home), wrote to the Congress leader accepting her proposal to deploy the buses and sought details of the vehicles and the drivers “without delay.” Read More
Odisha braces for ‘extremely severe’ cyclone ‘Amphan’
Prime Minister Narendra Modi on Monday held a meeting with officials of the Ministry of Home Affairs (MHA) and the National Disaster Management Authority (NDMA) to review the situation arising out of Cyclone Amphan in different parts of the country. Union Home Minister Amit Shah was also present. Read More
Why the Sensex crashed today
Global markets were trading much higher today, with the Asian markets all higher by 1 per cent. Dow Jones Futures were also pointing to a higher openings for the US markets. Here are 4 reasons, why the Sensex crashed 1,000 points, despite strong global cues. The Nifty was now trading below the 9,000 points mark. Read More
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