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Don’t worry, your money is safe: FM Nirmala Sitharaman to Yes Bank depositers

Referring to the cap of INR 50,000 imposed on the withdrawals from Yes Bank, Finance Minister Nirmala Sitharaman has said that there is no need to worry for the depositors of Yes Bank. She also said that the government is monitoring the situation and further assured that the money of all the depositors of the bank is safe. She said that RBI has assured that a resolution will be found as soon as possible. Yes Bank shares fell by over 60% as markets took a hit after RBI actions last evening. Src: https://bit.ly/32Vvk94

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Total confirmed cases of Coronavirus in India reaches 31, as Delhi resident tests positive

The Union Health Ministry said that the number of confirmed cases of Coronavirus has increased to 31 after a resident of Uttam Nagar in west Delhi tested positive. The patient has travel history from Thailand and Malaysia. The patient is reportedly stable and under surveillance. According to media reports, the number of cases of Coronavirus across the globe is over 97,000 and so far, 3,345 deaths have been recorded. Src: https://bit.ly/2TGldku


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RBI sets withdrawal limit from Yes Bank accounts up to INR 50,000

According to the order of the RBI, capital-starved Yes Bank customers will now be able to withdraw only INR 50,000 from their accounts for a month. In the order, RBI said that the restriction has been imposed as the financial position of Yes Bank has undergone a steady decline due to the inability to raise capital. RBI will relax the withdrawal limit in the event of medical emergencies, higher education fees or marriage expenses up to a cap of INR 5 lakh. Src: https://bit.ly/2VMYBS0

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Changes in temperature will not impact Coronavirus spread: ICMR

After a slight decline in temperature due to rains in Delhi-NCR, the Indian Council of Medical Research director-general Balram Bhargava said the change in weather will not have any impact on the spread of Coronavirus. Denying the claims that the virus spreads in low temperature, Bhargava said that no such finding has been proven till now. He also informed that the virus does not spread through the air but human contact. In India, 30 people have tested positive for the virus so far. Src: https://bit.ly/32TRsAR

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