The novel coronavirus pandemic has worsened in India with the total number of cases crossing the 10 lakh-mark. On the positive side, the world may see a vaccine for Covid-19 as early as in August.
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The railways has decided to run 200 non-airconditioned passenger trains from June 1 in addition to the Shramik Special and 15 other AC trains already running. Meanwhile, Union health minister Harsh Vardhan will become the next chairman of the 34-member WHO executive board.
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The number of India’s coronavirus infections crossed China’s official toll of infections, where the virus originated last year. Meanwhile, the finance minister announced reforms for the agriculture sector under the Atmanirbhar Bharat campaign.
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Finance minister Nirmala Sitharaman revealed the government’s second plan with the Atmanirbhar Bharat Abhiyan stimulus package. While the first trance focused on MSMEs, the second focused on migrant workers, farmers and the poor.
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A day after PM Narendra Modi’s announced a ₹20 lakh crore stimulus package to boost the coronavirus-hit economy, finance minister Nirmala Sitharaman unveiled the first plan of ₹5.5 lakh crore focusing on putting life into the country’s MSMEs.
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PM Narendra Modi announced a stimulus package of ₹20 lakh crore, or “10 per cent of the GDP”, to boost the economy and also extend the nationwide coronavirus lockdown, but with different rules and guidelines.
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Soon after a meeting between the Karnataka CM BS Yediyurappa and top property developers, the state government has decided to cancel all Shramik Special trains which the railways started running to ferry migrant workers.
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Congress president Sonia Gandhi announced that her party will bear the ticket costs of migrants travelling to their destinations. Following this, the ruling BJP government scrambled to neutralize the huge political point the Congress scored.
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To cut costs and save money due to the coronavirus impact on the economy, the government suspended the 4% hike in dearness allowance for central government employees until July 2021.
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The government said the coronavirus infection rate in the country has almost halved since the Centre announced a nationwide lockdown from March 25. Meanwhile, the RBI has extended a ₹1 lakh crore lifeline to NBFCs, FIs to stay afloat during the Covid-19 crisis.
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