RBI cautions states against abandoning private banks : Bulletin: Business Today
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RBI cautions states against abandoning private banks

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March 13, 2020

COVID-19 claims first life in India; global death toll touches 4,600Several days after the first positive case of novel coronavirus was reported in India, the country on Thursday reported the first death of a 76-year-old man from Kalburgi, Karnataka. The deceased, named Siddiq, had recently travelled to Australia. He died on his way from Hyderabad to Karnataka, and doctors were treating him for symptoms like breathlessness, cold and cough. With this, the number of infected persons in India has touched 79, including one death.

Yes Bank fallout: RBI cautions states against abandoning private banks

In the wake of Yes bank crisis, Reserve Bank of India (RBI) has stepped in to restore faith in private banks. After its action against Yes Bank, the central bank noticed that some state governments had advised bodies under them to move their deposits and accounts to 'more' secure public sector banks. Reacting to this development, the RBI has written to state governments, advising them to not panic.

Coronavirus: Amazon restricts sales of hand sanitizers and face masks because of swindling prices

At a time when prices for hand sanitizers and face masks are on an all-time surge, Amazon has taken a stand. The e-commerce platform has started restricting the types of sellers on its platform. All products pertaining to coronavirus -- face masks, hand sanitizers, disinfecting wipes and sprays, isopropyl alcohol which are sold by third party sellers are being restricted, The Verge reports. According to Amazon, the remaining inventories of these products in its fulfilment centers are eligible for reimbursement of the return of disposal fees

Canadian PM Justin Trudeau's wife tests positive for coronavirus

Canadian Prime Minister Justin Trudeau and his wife, Sophie, are in self-isolation after she fell ill and was tested for the coronavirus, while school was canceled in Ontario to limit the spread of the outbreak. Justin Trudeau, 48, is exhibiting no symptoms. Working from home, he spoke with U.S. President Donald Trump, British Prime Minister Boris Johnson, Italian Prime Minister Giuseppe Conte and joined a special Cabinet meeting on the coronavirus by phone, his spokesman said on Twitter.

Coronavirus outbreak: First batch of 120 evacuees from Iran to reach Jaisalmer today

The first batch of 120 Indians will reach Jaisalmer today from Iran. The evacuees will be quarantined at the Army facility, a defence spokesperson said. Another batch of 250 people will be airlifted on March 15 and will be quarantined at the Army facility in Jaisalmer. The Ministry of Defence has set up seven more quarantine facilities for coronavirus patients.

Retail inflation falls to 6.58% in February as food prices cool down

Retail inflation, calculated on the basis on Consumer Price Index, slipped down to 6.58 per cent in February as prices of food came down sharply, showed data released by National Statistics Office (NSO) on Wednesday. This comes as a relief to the Indian economy, which registered 7.59 per cent retail inflation in January.

Also read: Coronavirus: Wuhan reports single digit new cases for second day straight


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