-Press note by Right to Food Campaign dated 21st April, 2020 The Right to Food Campaign has issued a statement in the response to the Central Government's decision to convert the FCI’s food grains into ethanol to make hand sanitisers. Please click here to read it. For more information, please contact the following organisation: Right to Food Campaign Secretariat 24, Block-A, Adhchini, Sarvodaya Enclave, New Delhi–110017 Email: righttofoodindia@gmail.com Phone: 011- 41613468 Website: www.righttofoodcampaign.in Aysha (8527359760), Gangaram Paikra (9977462084), Kavita Srivastava...
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Explained: What explains crude oil prices falling below the $0 mark -Udit Misra
-The Indian Express The first thing to understand is that, even before the Covid-19 induced global lockdown, crude oil prices had been falling over the past few months. US oil markets created history on Monday when prices of West Texas Intermediate (WTI), the best quality of crude oil in the world, fell to “minus” $40.32 a barrel in New York. Not only is this the lowest crude oil price ever known —...
More »ICMR directly procured faulty Covid-19 testing kits from Chinese vendors -Elizabeth Roche
-Livemint.com ICMR advises states not to use the testing kits for the next two days, saying it will issue an advisory after medical teams carry out field validation of the kits NEW DELHI: Test kits for the detection and surveillance of covid-19 cases in India that have apparently been found faulty had been procured by the Indian Council of Medical Research from China from Chinese vendors approved by Chinese authorities, a senior...
More »Finance Minister stipulates time frame for banks to disburse loans; move comes as lenders turning risk averse -Manojit Saha
-The Hindu In a communication to State-run banks, the government said the move is aimed at ensuring credit flow for economic activities and the guidelines come into effect from Monday when the business activities resume. Mumbai: As business activities resumed on Monday after a nationwide lockdown, the Finance Ministry has swung into action to ensure credit flow to companies and prescribed a specific time frame for banks within which a loan needs...
More »Explained: How reverse repo rate became benchmark interest rate in the economy -Udit Misra
-The Indian Express Like most other central banks in the world, the Reserve Bank of India, too, has tried to cut interest rates to boost the economy. New Delhi: The Indian economy’s slowdown during 2018 and 2019 is becoming much worse in 2020 with the spread of COVID-19 and the stalling of almost all economic activity. Like most other central banks in the world, the Reserve Bank of India, too, has tried...
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