Top Headlines : 16 May 2020

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International
– International Family Day observed globally on 15th May
– World Bank approves $1 billion social protection package for India
– UN’s World Economic Situation and Prospects report forecasts 1.2% growth for Indian economy in 2020; –3.2% for world economy
– Commerce and Industry Minister Piyush Goyal participates in 2nd G-20 Virtual Trade and Investment Ministers Meeting through video-conferencing
– UN releases report “World Economic Situation and Prospects”
– 2nd Extraordinary G20 Virtual Trade and Investment Ministerial Meet
– Slovenia becomes 1st coronavirus-free country in Europe

India
– 32nd Commonwealth Health Ministers Meet held via Video Conference
– Federal Bank tie-up with MoneyGram for direct-to-bank deposits service
– Defence Ministry patents low cost PPE (personal protective equipment) developed by Navy to move towards its mass production
– Government of India sets up “Rice Export Promotion Forum”
– Shanghai Cooperation Organisation Foreign Ministers meet on COVID-19
– Raksha Mantri commissions ICGS “Sachet” & two interceptor boats
– Dr Harsh Vardhan dedicates “COBAS 6800” testing machine to the nation
– FM announces 3rd tranche of measures for “Aatmanirbhar Bharat Abhiyan”

ECONOMY & CORPORATE
– BRICS’ Shanghai-based New Development Bank (NDB) provides $1 bn loan to India to fight Covid-19

ECONOMIC PACKAGE
– Migrant workers, who had to leave their workplaces after imposition of the lockdown on March 25, will get 5 kg grains and 1 kg pulses free for two months
– Government will make ration cards portable under the initiative ‘One Nation, One Ration Card’ to allow migrant workers to access their ration across the country
– 50 lakh street vendors who were rendered jobless as the government ordered stay-at-home would be given a working capital loan of Rs 10,000 each to restart businesses.
– Scheme to provide homes to migrant labour/urban poor at affordable rent announced. Government-funded housing in the cities will be converted into Affordable Rental Housing Complexes (ARHCs) under the PPP mode through concessionaires.
– Credit Linked Subsidy Scheme (CLSS) under PMAY for middle-income (annual income of Rs 6-18 lakh) families extended till March 2021
– NABARD (National Bank for Agriculture and Rural Development) to provide Rs 30,000 crore additional emergency working capital funding to rural cooperative banks and regional rural banks

State
– West Bengal govt launches ‘Matir Smristi’ scheme
– Maharashtra CM Uddhav Thackeray, 8 others declared elected unopposed to the state Legislative Council
– Dr Harsh Vardhan dedicates COBAS-6800 testing machine for COVID-19 cases to the nation at the National Centre for Disease Control (NCDC) in New Delhi

Sports
– V. Admiral G.M. Hiranandani Memorial Rolling Trophy 2020 announced

Appointment and Resignations
– WTO chief Roberto Azevedo resigns from post

Honorable Death
– Film actor Sai Gundewar passes away
– Padma Bhushan recipient Professor Anisuzzaman passes away in Bangladesh at the age of 83

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