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	<title>Coronavirus -</title>
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		<title>Aarogya Setu: The Bluetooth-based COVID-19 Risk Tracking Mobile App</title>
		<link>https://www.insightglimpse.com/aarogya-setu-the-bluetooth-based-covid-19-risk-tracking-mobile-app/</link>
		
		<dc:creator><![CDATA[Editorial Team]]></dc:creator>
		<pubDate>Wed, 15 Apr 2020 16:32:57 +0000</pubDate>
				<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Software]]></category>
		<category><![CDATA[Coronavirus]]></category>
		<category><![CDATA[covid-19 india]]></category>
		<category><![CDATA[Indian Government]]></category>
		<guid isPermaLink="false">http://www.insightglimpse.com/?p=5751</guid>

					<description><![CDATA[<p>The honorable Prime Minister Narendra Modi during his speech to the nation announced “Aarogya Setu&#8221; – the India&#8217;s very first location-based mobile tracking application designed to help control the spread of coronavirus amongst the countrymen during the lockdown. It is already available on both Android and iOS smartphones in 11 [&#8230;]</p>
<p>The post <a href="https://www.insightglimpse.com/aarogya-setu-the-bluetooth-based-covid-19-risk-tracking-mobile-app/">Aarogya Setu: The Bluetooth-based COVID-19 Risk Tracking Mobile App</a> appeared first on <a href="https://www.insightglimpse.com">INSIGHT GLIMPSE</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p>The honorable Prime Minister Narendra Modi during his speech to the nation announced <strong>“Aarogya Setu&#8221; – the India&#8217;s very first location-based mobile tracking application</strong> designed to help control the spread of coronavirus amongst the countrymen during the lockdown. It is already available on both Android and iOS smartphones in 11 different languages including Hindi, Gujarati, Marathi, and English.</p>



<p>After downloading this COVID-19 risk-tracking app, you can easily track if you&#8217;ve crossed paths with someone  who&#8217;s under quarantine or tested positive.is being developed jointly by the Union Ministry of Electronics and Information Technology (MeitY) in association with the Union Ministry of Health and Family Welfare (MHFW). The Android app classifies levels of coronavirus risk in green, orange, yellow, and red colors. </p>



<h2 class="wp-block-heading"><strong>What is Aarogya Setu App?</strong></h2>



<p>Aarogya Setu is an user-friendly tracking application designed to connect essential health services with Indian citizens during the coronavirus lockdown and make COVID-19 related information accessible to the common people. It is already available on both Android and iOS smartphones. </p>



<p>This India&#8217;s first covid-19 app track the data of the users every one hour to alert them of whether they have crossed paths with any person who has tested positive for the infection. The application uses a person’s GPS location to assess whether they are in the high risk geographical zone or not.</p>



<figure class="wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe title="Coronavirus Outbreak: what you can do to protect yourself | Corona India" width="640" height="360" src="https://www.youtube.com/embed/g0XDL5Kh6RE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



<p>The Aarogya Setu mobile app has been developed by the National Informatics Centre that comes under the Ministry of Electronics and IT. &#8220;It is aimed at augmenting the initiatives of the Government of India, particularly the the Department of Health, in proactively reaching out to and informing the users of the app regarding risks, best practices and relevant advisories pertaining to the containment of COVID-19&#8221;  the app description noted at GooglePlay Store.   </p>



<h2 class="wp-block-heading"><strong>Know how Aarogya Setu Tracking App helps fight coronavirus</strong></h2>



<p>This state-of-the-art app makes users sign in using their smartphone to keep them informed if they have crossed paths with a host or carrier of coronavirus by tracking users movements through the GPS or Bluetooth whenever they come within the infection range during their visit a crowded place. The Government’s New Location-Based COVID-19 Tracking App is truly helpful in identifying the relevant chain of contact and the user will be alerted of the potential infection range so that they can act accordingly.  </p>



<p>Interestingly, this app uses color coding to figure out whether the user has come in contact with a coronavirus carrier. While one color will identify a user who has never come in contact with an infected person, another will indicate if a user is in close proximity. The goal behind the launch of this app is to track down all the information of numerous identified positive cases of coronavirus in the country so far and take necessary measures to mitigate community spread.</p>



<figure class="wp-block-image"><img decoding="async" src="https://media-exp1.licdn.com/dms/image/C5122AQEaUznGG5jxUA/feedshare-shrink_2048_1536/0?e=1590019200&amp;v=beta&amp;t=0xDpv2RoxzIpdmVaLFZ6urIemteIGGOV5M25Bngm7UI" alt="The Government of India led by Prime Minister Narendra Modi has urged people in India to download Aarogya Setu - India's first Covid-19 contact tracking app."/><figcaption>Image Credit: Google</figcaption></figure>



<p>This CoWin-20 mobile app comes in a small pendant form factor and it vibrates (and glow) as soon as someone breaches the user’s safe space of 1 metre (approx. 3.2 feet). CoWin-20, a very brilliant initiative by the Indian Government led by Prime Minister Shri Narendra Modi, is equipped with a handwash reminder that beeps every 30 minutes to keep users reminding to wash their hands. The built-in temperature sensor in the app keeps alerting the users through an SMS in case their body temperature crosses the prescribed limit.</p>



<h2 class="wp-block-heading"><strong>India&#8217;s Coronavirus Risk Tracking App becomes world&#8217;s highest downloaded app</strong></h2>



<p>NITI Aayog CEO, Amitabh Kant in his tweet has confirmed that the government&#8217;s recently launched Aarogya Setu application that tracks Covid-19 cases around, has reached over 50 million users as it has been downloaded by more than one crore people on both Android and iPhone smartphones. With this, India&#8217;s Aarogya Setu app has become the world&#8217;s highest downloaded app ever globally, overtook Nintendo’s popular augmented reality game ‘Pokémon GO’s’ record of 50 million downloads.</p>



<figure class="wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Telephone took 75 years to reach 50 milion users, radio 38 yrs,television 13 yrs,Internet 4 yrs, Facebook 19 months, Pokemon Go 19 days. <a href="https://twitter.com/hashtag/AarogyaSetu?src=hash&amp;ref_src=twsrc%5Etfw">#AarogyaSetu</a>,India’s app to fight COVID-19 has reached 50 mn users in just 13 days-fastest ever globally for an App<br>Salute the spirit of India! <a href="https://t.co/xKqt3Tmj4f">pic.twitter.com/xKqt3Tmj4f</a></p>&mdash; Amitabh Kant (@amitabhk87) <a href="https://twitter.com/amitabhk87/status/1250132730899238912?ref_src=twsrc%5Etfw">April 14, 2020</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>“We expected to touch 50 million users by April 15, but reached it a day before. There were 11 million downloads on Tuesday, which is the sharpest single-day surge in installations since the app was launched. PM Modi’s announcement led to a spike that peaked at 100,000 registrations per minute in the afternoon, at around 20,000 downloads per minute on average over the rest of the day,” said Arnab Kumar, programme director of frontier technologies, Niti Aayog. He is part of the team that developed the app.</p>



<h2 class="wp-block-heading"><strong>How to download Aarogya Setu app?</strong></h2>



<p>Here are few steps every user need to follow to start using Narendra Modi&#8217;s Aarogya Setu Tracking App to fight against Coronavirus.</p>



<div class="wp-block-group"><div class="wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow">
<p>1. Head to GooglePlay Store on Android smartphone and Apple Store on iOS phones.</p>



<p>2. Search Aarogya Setu in the search bar and press the Install option to download the app.</p>



<p>3. Open the app, select your language and read through the next few information on screen. After this, you will be asked for permission to track your location and to access files on your to register.  </p>



<p>4. Enter your valid mobile phone number and OTP revieved on the entered phone number.</p>



<p>5. Now enter all the relevant details like name, age, profession, and location asked on the phone screen.</p>
</div></div>



<p>From the homepage, you can get some basic information about the number of people infected, the number of people cured, and the number of deaths. You can also go into the menu, and fill in the questionnaire so it knows your status.  In case you come into contact with someone else who has set their status to infected, the app is supposed to issue an alert, but otherwise, that&#8217;s all you need to know about how to use the app.  </p>



<p>Indeed, the all new Aarogya Setu &#8211; the India’s COVID-19 Risk Tracking Mobile App is a brilliant attempt by the Government of India to track COVID-19 positive cases across the nation and mitigate the further infection spread of Coronavirus.</p>



<figure class="wp-block-image"><img decoding="async" src="https://media-exp1.licdn.com/dms/image/C5122AQGAgEJhsL79IA/feedshare-shrink_800/0?e=1590019200&amp;v=beta&amp;t=XtHy1eRv5Z85JABw47xQtg97zFe0Mw8bJDl7lSnWNcQ" alt="Learn the key highlights about Indian Government launched Aarogya Setu bluetooth based covid-19 risk tracking app."/><figcaption>Image Credit: Google</figcaption></figure>



<p>For more <a href="http://www.insightglimpse.com/category/trending-now/"><strong>Trending Now</strong></a> stories on Coronavirus Apps, Covid-19 in India, Health Apps Reviews, Software reviews, Technology, how-to articles, online product reviews on iOS and Android mobile phone apps, <a href="http://www.insightglimpse.com/category/how-to-news-tips-stories/"><strong>Don&#8217;t miss</strong></a> to follow on <strong><a href="http://www.insightglimpse.com/category/reviews/">Insight Glimpse</a></strong>.&nbsp;   </p>
<p>The post <a href="https://www.insightglimpse.com/aarogya-setu-the-bluetooth-based-covid-19-risk-tracking-mobile-app/">Aarogya Setu: The Bluetooth-based COVID-19 Risk Tracking Mobile App</a> appeared first on <a href="https://www.insightglimpse.com">INSIGHT GLIMPSE</a>.</p>
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		<title>Ambu Bag Ventilator by Mahindra &#038; Mahindra To Combat COVID-19</title>
		<link>https://www.insightglimpse.com/mahindra-ambu-bag-ventilator-coronavirus-covid-19/</link>
		
		<dc:creator><![CDATA[Editorial Team]]></dc:creator>
		<pubDate>Thu, 26 Mar 2020 18:20:24 +0000</pubDate>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[Coronavirus]]></category>
		<category><![CDATA[COVID-19]]></category>
		<category><![CDATA[Mahindra & Mahindra]]></category>
		<category><![CDATA[pawan goenka]]></category>
		<guid isPermaLink="false">http://www.insightglimpse.com/?p=5557</guid>

					<description><![CDATA[<p>In the wake of Coronavirus (COVID-19) pandemic which has already crippled the economies of many nations including India, Mahindra &#38; Mahindra (M&#38;M) announced the first-of-its-kind sophisticated Ventilator Prototype &#8211; an automated version of bag valve mask ventilator which most commonly known as Ambu bag. The M&#38;M ventilators are most likely [&#8230;]</p>
<p>The post <a href="https://www.insightglimpse.com/mahindra-ambu-bag-ventilator-coronavirus-covid-19/">Ambu Bag Ventilator by Mahindra &#038; Mahindra To Combat COVID-19</a> appeared first on <a href="https://www.insightglimpse.com">INSIGHT GLIMPSE</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p>In the wake of Coronavirus (COVID-19) pandemic which has already crippled the economies of many nations including India, Mahindra &amp; Mahindra (M&amp;M) announced the first-of-its-kind <strong>sophisticated Ventilator Prototype &#8211; an automated version of <a href="https://en.wikipedia.org/wiki/Bag_valve_mask">bag valve mask ventilator</a></strong> which most commonly <strong>known as Ambu bag</strong>. The M&amp;M ventilators are most likely to <strong>cost Rs 7,500</strong> which otherwise costs up to Rs 10 lakh and these ventilators are expected to be available very soon. </p>



<p>The ICU ventilators are the need of the hour in the challenging times as these high-specs machines would act as <strong>an interim lifesaver</strong> when the infection rate of COVID-19 in India was reported to be 1.7 with confirmed total number of 694 cases, 44 recoveries, 1 migration and 16 deaths in the nation.</p>



<p>In a tweet, Mr Anand Mahindra, Chairman of Mahindra Group applauded his team of engineers who were working hard at the company&#8217;s Igatpuri and Mumbai plants to make the first Mahindra &amp; Mahindra Ambu Bag Ventilator prototype within just 48 hours.</p>



<figure class="wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter"><div class="wp-block-embed__wrapper">
https://twitter.com/anandmahindra/status/1243072295167377408?s=20
</div><figcaption> M&amp;M company is all set to combat Coronavirus (COVID-19) with its first sophisticated ventilator prototype, to cost less than&nbsp;₹7,500 </figcaption></figure>



<h2 class="wp-block-heading"><strong>What is an ambu bag ventilator?</strong></h2>



<p>The recently announced Artificial Manual-Breathing Unit (Ambu) Bag by the engineering teams of Mahindra &amp; Mahindra company is a self-inflating machine. This game changer device is typically manufactured to help COVID-19 patients who are suffering from the breathing problems. A medical ventilator which has developed by a prototype of a bag valve mask is expected to work as a large number of low cost lifesavers. </p>



<p>“We are simultaneously working with an indigenous maker of ICU ventilators. These are sophisticated machines costing ₹5-10 lakhs. This device is an interim lifesaver and the team estimates that it will cost below ₹7,500,&#8221; Mahindra had said in his tweet. “We will seek guidance from specialists on the usefulness of the device.&#8221;</p>



<h2 class="wp-block-heading"><strong>M&amp;M Ventilators to be ready in 3 days</strong></h2>



<p>Mr Pawan Goenka, the Managing Director at M&amp;M while sharing the organisation&#8217;s two-pronged approach to reduce ventilators shortage said on Twitter that the company hopes to have the <strong>prototype ready in 3 days for approval</strong>. </p>



<p>Once we get approval from the Indian Government, this design will be made available to all for manufacturing. He had added that M&amp;M has teamed up two state-owned companies and an undisclosed manufacturer to simplify design and scale up production of ventilators in India. </p>



<figure class="wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Ventilator 3: at other end we are working on an automated version of the Bag Valve Mask ventilator (commonly known as Ambu bag). We hope to have a Proto ready in 3 days for approval. Once proven this design will be made available to all for manufacturing. <a href="https://twitter.com/PMOIndia?ref_src=twsrc%5Etfw">@PMOIndia</a> <a href="https://twitter.com/MahindraRise?ref_src=twsrc%5Etfw">@MahindraRise</a></p>&mdash; Pawan K Goenka (@GoenkaPk) <a href="https://twitter.com/GoenkaPk/status/1243034990503284744?ref_src=twsrc%5Etfw">March 26, 2020</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<figure class="wp-block-image size-large is-resized"><img fetchpriority="high" decoding="async" src="http://www.insightglimpse.com/wp-content/uploads/2020/03/image-403x400.png" alt="M&amp;M Managing Director Pawan Goenka response on Twitter about the company's two-pronged approach to beat the shortable of Ambu Bag - the ventilators." class="wp-image-5560" width="411" height="408" srcset="https://www.insightglimpse.com/wp-content/uploads/2020/03/image-403x400.png 403w, https://www.insightglimpse.com/wp-content/uploads/2020/03/image-252x250.png 252w, https://www.insightglimpse.com/wp-content/uploads/2020/03/image-150x150.png 150w, https://www.insightglimpse.com/wp-content/uploads/2020/03/image.png 594w" sizes="(max-width: 411px) 100vw, 411px" /></figure>



<p>“We along with 2 large PSUs are working with an existing manufacturer of high spec ventilators to help them to simplify design and scale up capacity. Our engineering team is right now with them working on it,&#8221; Goenka had said. We at Mahindra are overwhelmed with pouring in of support from individuals and companies for our effort to make available ventilators.&#8221; he added further.</p>



<p>For the latest&nbsp;<strong><a href="http://www.insightglimpse.com/category/trending-now/">trending now stories</a></strong>&nbsp;on Coronavirus (COVID-19) Relief Measures, Covid-19 India news, Narendra Modi,&nbsp;<a href="http://www.insightglimpse.com/category/finance/"><strong>Finance News</strong></a>, India,&nbsp;<strong><a href="http://www.insightglimpse.com/category/how-to-news-tips-stories/">Don’t Miss</a></strong>&nbsp;to read Insight Glimpse. </p>
<p>The post <a href="https://www.insightglimpse.com/mahindra-ambu-bag-ventilator-coronavirus-covid-19/">Ambu Bag Ventilator by Mahindra &#038; Mahindra To Combat COVID-19</a> appeared first on <a href="https://www.insightglimpse.com">INSIGHT GLIMPSE</a>.</p>
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		<title>Key Coronavirus (COVID-19) Relief Measures Highlights</title>
		<link>https://www.insightglimpse.com/coronavirus-covid-19-relief-measures-finance-ministry/</link>
		
		<dc:creator><![CDATA[Editorial Team]]></dc:creator>
		<pubDate>Wed, 25 Mar 2020 19:20:06 +0000</pubDate>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[Coronavirus]]></category>
		<category><![CDATA[COVID-19]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[Indian Economy]]></category>
		<category><![CDATA[Narendra Modi]]></category>
		<category><![CDATA[Nirmala Sitharaman]]></category>
		<category><![CDATA[RBI Governor Shaktikanta Das]]></category>
		<category><![CDATA[relief measures]]></category>
		<category><![CDATA[Reserve Bank of India]]></category>
		<guid isPermaLink="false">http://www.insightglimpse.com/?p=5551</guid>

					<description><![CDATA[<p>In the wake of COVID-19 outbreak, the Finance Minister of India Shri Nirmala Sitharaman has come up with a few initiatives and announced a series of relief measures which surely bring a smile on India&#8217;s taxpayers. Coronavirus (COVID-19) relief measures announced by Finance Ministry mainly include Tax filling date extension, [&#8230;]</p>
<p>The post <a href="https://www.insightglimpse.com/coronavirus-covid-19-relief-measures-finance-ministry/">Key Coronavirus (COVID-19) Relief Measures Highlights</a> appeared first on <a href="https://www.insightglimpse.com">INSIGHT GLIMPSE</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p>In the wake of COVID-19 outbreak, the Finance Minister of India Shri Nirmala Sitharaman has come up with a few initiatives and announced a series of relief measures which surely bring a smile on India&#8217;s taxpayers.  Coronavirus (COVID-19) relief measures announced by Finance Ministry mainly include Tax filling date extension, ATM withdrawal and bank charges waived off and more.</p>



<p>Also, Reserve Bank of India (RBI) has taken very necessary giant steps in order to safeguard economic slowdown which is caused by the coronavirus outbreak. In the Press Conference, RBI Governor Shaktikanta Das has announced a massive 75 basis points cut in repo rates to boost economic activities. Top economists and PM Narendra Modi strongly believe that the steps announced under RBI&#8217;s COVID-19 Rescue package would surely improve liquidity, reduce cost of funds on businesses/industries, help to attain a strong hold on financial stability.</p>



<p>2020 Coronavirus (COVID-19) pandemic in India is a major concern for citizens with the confirmed total number of 562 positive cases, 40 successful recoveries, 1 migration and sadly, 9 deaths in the nation. To prevent the COVID-19 infection that may drastically affect the entire 1.3 billion population of India, an honorable Prime Minister Shri Narendra Modi took a wonderful initiative i.e. 14-hour voluntary public curfew and later India observed a nationwide lockdown for 21 days in 75 districts. </p>



<h2 class="wp-block-heading"><strong>Coronavirus (COVID-19) Relief Measures</strong> <strong>Announced by Finance Ministry amid 21 day lockdown: Key Highlights</strong></h2>



<figure class="wp-block-image size-large"><img decoding="async" width="500" height="206" src="http://www.insightglimpse.com/wp-content/uploads/2020/03/covid-19-india-relief-measures-by-finance-minister-insight-glimpse-500x206.png" alt="To deal with the economic impact of Covid 19 in India, Finance Minister Nirmala Sitharaman announced relief measures for Indian citizens" class="wp-image-5552" srcset="https://www.insightglimpse.com/wp-content/uploads/2020/03/covid-19-india-relief-measures-by-finance-minister-insight-glimpse-500x206.png 500w, https://www.insightglimpse.com/wp-content/uploads/2020/03/covid-19-india-relief-measures-by-finance-minister-insight-glimpse-260x107.png 260w, https://www.insightglimpse.com/wp-content/uploads/2020/03/covid-19-india-relief-measures-by-finance-minister-insight-glimpse.png 751w" sizes="(max-width: 500px) 100vw, 500px" /><figcaption>Image Credit: BCCL &amp; Economic Times</figcaption></figure>



<p>Finance
Ministry told that the Economic Task Force will soon announce an economic
relief package to deal with the impact of the coronavirus pandemic on the
economy of India.</p>



<p>1.
No ATM withdrawal charges: There will be no ATM withdrawal charges levied on
withdrawal of money from ATM&#8217;s ; this is done to minimize the crowd coming to
the banks and also to facilitate people to buy things needed for daily needs.</p>



<p>2.
No Minimum balance requirement charges: Following the footsteps of State Bank
of India, FM has waived off the minimum balance requirements in the savings
account for the time being.</p>



<p>3.
Aadhar &#8211; PAN mandatory linking has been postponed to June 30th instead of usual
March 30th.</p>



<p>4.
The last date for filling taxes has also been extended to June 30th instead of
usual March 30th.</p>



<p>5.
The last date for compliances under Income Tax Act, Wealth Tax Act, Benami Transaction
Act, Black Money Act, Vivaad se Vishwaas, has also been extended to June 30,
2020.</p>



<p>6.
For filling GST returns for March, April, May and composition returns, the date
is now extended to June 30, 2020.</p>



<p>7.
With respect to the MCA21 registry, there is a moratorium being issued from
April 1 till Sep 30 no additional fees for late filing.</p>



<p>8.
The Finance Ministry has relaxed for 60 days, for holding the mandatory Board
meeting for companies.</p>



<p>9.
For newly incorporated companies, additional time of six more months is being
given for filing declaration of commencement of business.</p>



<p>10.
If there is a Director of the company who does not comply with minimum
residency requirement of 182 days, then earlier this was treated as a violation
but not now as announced by the FM.</p>



<p>Surely, these  coronavirus (COVID-19) relief measures will play a significant role in economy wither the crisis arising out of the outbreak. “At the moment, these relaxations are for three months. As we go along, we will consider the situation and take decisions accordingly,” the finance minister said.</p>



<h2 class="wp-block-heading"><strong>Highlights from the RBI Governor Shaktikanta Das&#8217; press conference held on March 27,2020 </strong></h2>



<figure class="wp-block-image size-large"><img decoding="async" width="500" height="341" src="http://www.insightglimpse.com/wp-content/uploads/2020/04/Reserve-Bank-of-India-Governor-FM-Sitharaman-500x341.jpg" alt="Reserve Bank of India Governor Shaktikanta Das in a Press Conference has announced loan payment relief, Rs 3.7 lakh crore liquidity boost." class="wp-image-5603" srcset="https://www.insightglimpse.com/wp-content/uploads/2020/04/Reserve-Bank-of-India-Governor-FM-Sitharaman-500x341.jpg 500w, https://www.insightglimpse.com/wp-content/uploads/2020/04/Reserve-Bank-of-India-Governor-FM-Sitharaman-260x177.jpg 260w, https://www.insightglimpse.com/wp-content/uploads/2020/04/Reserve-Bank-of-India-Governor-FM-Sitharaman.jpg 660w" sizes="(max-width: 500px) 100vw, 500px" /><figcaption> RBI Governor Shaktikanta Das Press Meet Highlights To Boost Indian Economy. <br>Image Credit: Google </figcaption></figure>



<p> Here are highlights from the RBI Governor Shaktikanta Das&#8217; press conference on March 27:</p>



<p>1. RBI will decrease policy repo rate by 75 basis points to 4.4%</p>



<p>2. RBI is closely observing the evolving market and macroeconomic situation.</p>



<p>3. Projection of growth and inflation depends on spread, intensity and duration of virus, hence RBI is not giving any guidelines on growth and inflation.</p>



<p>4. Announcements of Rs 3.74 lakh crore of liquidity injection into system through several measures.</p>



<p>5. India has locked down and financial activities are under severe stress.</p>



<p>6. RBI said that &#8220;Living in extraordinary situation; war effort needs to be mounted against coronavirus using conventional, unconventional tools&#8221;.</p>



<p>7. All lending institutions allowed three month moratorium for all term loans.</p>



<p>8. Cash reserve ratio (CRR) of all banks reduced by 100 basis points to 3% with effect from March 28 for 1 year; to release Rs 1.37 lakh crore liquidity into the system.</p>



<p>According to Reserve Bank of India Governor FM Sitharaman &#8220;The 3 month moratorium on payments of term loan instalments (EMI) &amp; interest on working capital give much-desired relief. Slashed interest rate needs quick transmission.&#8221;</p>



<p>For the latest&nbsp;<strong><a href="http://www.insightglimpse.com/category/trending-now/">trending now stories</a></strong>&nbsp;on Coronavirus (COVID-19) Relief Measures, Covid-19 India news, Narendra Modi, <a href="http://www.insightglimpse.com/category/finance/"><strong>Finance News</strong></a>, India,&nbsp;<strong><a href="http://www.insightglimpse.com/category/how-to-news-tips-stories/">Don&#8217;t Miss</a></strong> to read Insight Glimpse. </p>
<p>The post <a href="https://www.insightglimpse.com/coronavirus-covid-19-relief-measures-finance-ministry/">Key Coronavirus (COVID-19) Relief Measures Highlights</a> appeared first on <a href="https://www.insightglimpse.com">INSIGHT GLIMPSE</a>.</p>
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