Corona Update (Morning News) – April 17, 2020

* Odisha CM pays tribute to legendary leader and architect of modern Odisha and former CM Biju Patnaik on his death anniversary.

* 843 Samples tested in Odisha on April 16; All NEGATIVE for coronavirus.

* Odisha Govt approved release of additional funds of Rs 80.18 lakh to urban local bodies for feeding stray animals.

* CESU announces 4% rebate for consumers paying dues during April.

* Death toll due to COVID-19 touches 437; number of cases climb to 13,387; 1007 positive cases & 23 deaths have been reported in the last 24 hours: Health Ministry.

* RBI reduces reverse repo rate by 25 bps from 4% to 3.75%: RBI Governor Shaktikanta Das.

* As part of TLTROs 2.0 of Rs 50,000 crore, Rs 25000 crore will be released to NABARD, Rs 15,000 crore to SIDBI, Rs 10,000 to NHB to provide financial stability in the wake of #CoronavirusPandemic: RBI Governor Shaktikanta Das.

* LCR requirement of banks brought down to 80% from 100%; to be restored in phases by April next year: RBI Governor.

* 90-day NPA norm not to apply on moratorium granted on existing loans by banks, says RBI Governor Shaktikanta Das.

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* To encourage banks to invest, reverse repo rate (RRR) reduced by 25 basis points to 3.75% ; Ways and Means Advances (WMA) for states increased by 60% over and above the level as on March 30 : RBI Governor.

* Banks not to make any further dividend payout in view of financial difficulties arising from Covid-19: RBI Governor.

* RBI announces massive package for NBFCs; WMA advance for States increased.

* NPA classification will exclude 90-day moratorium period.

* Bamboo, coconut, arecanut, cocoa, spices plantation — their harvesting, processing, packaging, sale and marketing exempted from lockdown: MHA

* 55 fresh COVID-19 cases detected in Rajasthan; total rises to 1,131.

* Total 1640 COVID-19 cases reported in Delhi till today.

* Delhi: 62 new confirmed cases of Novel Coronavirus reported during last 24 hours, total cases reach 1,640.

* The total number of positive cases rises to 1169 in Rajasthan.

* 2,174 new deaths; 34,617 confirmed cases in last 24 hours; USA COVID Death Toll rises to 34,617; Number of Cases – 677,570.

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