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Nirmala Sitharaman unveiled the second tranche of India’s Covid-19 economic relief package, with a focus on migrant workers, farmers and urban poor. Wednesday’s announcements focused on small businesses, non-bank lenders and the power sector.
Out of the Rs 20 lakh crore, measures worth 15.57 lakh crore have now been unveiled, including the Rs 7.09 lakh worth of stimulus previously announced by the Reserve Bank of India and the finance ministry.
Get full details of today’s announcements here.
India Has More Policy Space On The Monetary Side, Says Finance Ministry Advisor Sanjeev Sanyal
Hundreds of migrant labourers gathered on Pune-Bengaluru Highway in Maharashtra's Kolhapur district on Thursday, demanding special trains to their hometowns in the northern states, police said.
Labourers from Shiroli MIDC, who were stranded since the Covid-19 lockdown was enforced, gathered on the highway to voice their demands, the official said.
As the crowd swelled in the area, the police were deployed to convince the protesting labourers to clear out and subsequently the district collector and police superintendent also reached the spot, he said.
The authorities were trying to convince the migrants that they will be allowed to return to their home states depending on the availability of trains, he added.
Labourers, who were predominantly from Uttar Pradesh, said they wished to head to their hometowns, as they had left their living quarters and did not have work or means to survive the lockdown, the official said.
Source: PTI
Passengers with tickets of regular trains which have been cancelled till June 30 will get full refund: Railways
— Press Trust of India (@PTI_News) May 14, 2020
Delhi: Wholesale fruit & vegetable market in Gazipur has been closed for 2 days for sanitisation, after secretary & deputy secretary of the market tested positive for #COVID19 pic.twitter.com/dGlA1OH3D1
— ANI (@ANI) May 14, 2020
Nirmala Sitharaman Announces Measures To Revive Covid-19-Battered Economy
Global Update
The coronavirus pandemic could take away four years of growth from the global economy and push 130 million to extreme poverty, a United Nations study showed. Federal Reserve Chair Jerome Powell said the U.S. economy faces unprecedented risks.
China reported three more cases in regions near North Korea and Russia, after a growing cluster of infections prompted a sealing off of cities in one of the provinces. South Korea reported 29 new cases amid an increase in infections tied to nightclubs in Seoul.
Total cases, globally, have crossed 4.3 million with more than 2,97,000 dead.
Track all the news updates on the coronavirus situation in India here:
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