India overtakes UK, becomes 4th worst-hit country from COVID-19 : Bulletin: Business Today
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India overtakes UK, becomes 4th worst-hit country from COVID-19

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June 12, 2020

India overtakes UK, becomes 4th worst-hit country from COVID-19 virus
India has overtaken the United Kingdom in terms of coronavirus cases to become the fourth worst-hit country with a caseload of 2,97, 205. India is now at the fourth spot, only behind the US (20,76,495 cases), Brazil (7,87,489) and Russia (5,02,436), as per Worldometer figures.

India asks UK govt to not consider Vijay Mallya's asylum request
India has asked UK authorities to not consider absconding liquor baron Vijay Mallya's asylum plea. This request came amid reports that Mallya had filed an application with the UK government seeking asylum based on "humanitarian grounds".  Official spokesperson of the Ministry of Home Affairs Anurag Srivastava said that the Indian government is in touch with the UK government to ensure his early extradition.

Delhi Medical Association seeks Amit Shah's intervention into non-payment of salaries
The Delhi Medical Association has sought the intervention of Union Home Minister Amit Shah into alleged non-payment of salaries of resident doctors at various health facilities under the North Delhi Municipal Corporation, including the Kasturba Hospital and Hindu Rao Hospital.

RBI suggests capping bank CEO's tenure to 10 years for promoters, 15 years for non-promoters
The Reserve Bank of India (RBI) has proposed capping the tenures of banks' chief executive officers (CEOs) and whole time directors (WTDs). The central bank suggested capping CEOs term to 10 years if they are promoters or major shareholders of the bank. For non-promoter CEOs, the RBI has proposed tenure of 15 years.

India-China trade crashes 7% amid cold vibes - steepest fall in 7 years; monthly deficit at 10-year low
India's trade with mainland China and Hong Kong declined by over 7 per cent to $109.76 billion in FY20, its steepest fall since FY13. It is a sharp reversal from the 3.2 per cent growth in trade in 2018-19 and the more robust 22 per cent jump in FY18, signalling the prevailing anti-China sentiment in the country. Bilateral trade with mainland China alone registered a 6 per cent decline in FY20 to $81.86 billion.

'This is about livelihoods': U.S. virus hotspots reopen despite second wave spectre
Facing budget shortfalls and double-digit unemployment, governors of U.S. states that are COVID-19 hotspots on Thursday pressed ahead with economic reopenings that have raised fears of a second wave of infections. The moves by governors of states such as Florida and Arizona came as Treasury Secretary Steven Mnuchin said the United States could not afford to let the novel coronavirus shut its economy again and global stocks tanked on worries of a pandemic resurgence.





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