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US warns of retaliation if India doesn't supply anti-malarial component

US President Donald Trump has openly warned India of facing retaliation if India doesn't supply essential component Hydrooxychoroquine which is used to make anti-malarial drug to fight against coronavirus. "So, I would be surprised if that were his (PM Modi's) decision. He'd have to tell me that. I spoke to him Sunday morning, called him, and I said we'd appreciate your allowing our supply to come out. If he doesn't allow it to come out, that would be okay, but of course there may be retaliation. Why wouldn't there be?" he said. US is among the worst hit countries with cases tallying upto 3.66 lakhs and death crossing over 10,000 Src: https://bit.ly/2UMoHUc

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Amid rising cases of COVID-19, govt says India not in stage-3

The government recently stated about the current scenario of Coronavirus in the country and said that the country is not yet in stage-3 or virus transmission. The information was given during the central health ministry’s routine briefing on the pandemic. The government officials added that the country presently had a sufficient number of testing facilities and kits and it was prepared to tackle any dramatic rise in the number of infections. Src: https://bit.ly/3atDBnG

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Moody's cuts India's GDP growth forecast for 2020 to 2.5%

Credit rating agency Moody's on Friday slashed its estimate of India's GDP growth for the calendar year 2020 to 2.5% from its earlier estimate of 5.3%. The estimate was last downgraded 10 days ago. It said the 21-day lockdown amid the Coronavirus pandemic would result in a sharp loss in incomes and weigh on domestic demand and pace of recovery in 2021. Src: https://bit.ly/2UnZoHK

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COVID-19: FM Sitharaman announces INR 1.7 lakh crore relief package for poor

In a press conference, Finance Minister Nirmala Sitharaman today, announced an INR 1.7 lakh crore Prime Minister Gareeb Kalyan Yojana to combat the economic impact of the 21-day nationwide lockdown on the poor. Sitharaman in the announcement said that a package is ready for the poor who need immediate help like migrant workers and urban and rural poor. No one will go hungry. Src: https://bit.ly/2vMnlPA

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