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Stats Overview

794,842

Confirmed

495,960

Recovered

21,623

Deaths



KEY ANNOUNCEMENTS BY RBI RECEIVES APPLAUSE FROM PM NARENDRA MODI


On 17th April, PM Narendra Modi applauded the RBI for taking necessary measures to safeguard the economic turmoil caused by the novel Coronavirus. Lauding the RBI, PM Modi stated that today’s announcement by RBI will substantially improve the liquidity and credit supply. Adding to this, he said that these necessary measures taken by RBI will surely help the poor, farmers, small businesses and MSMEs. In a briefing, Shaktikanta Das Governor of RBI announced several initiatives to relieve the financial stress, sustain adequate market liquidity in the system, and provide bank credit flow. Because of the economic challenges faced due to the global pandemic Coronavirus, the RBI decreased the reverse repo rate by 25 bps from 4 percent to 3.75 percent. Governor Das also stated that the 90 days NPA deadline norm will not be implemented on the moratorium issued on the existing banks loans. RBI Governor Das has asked banks to “not declare dividends until further notice.” He stated that the LCR requirement for banks has been knocked down to 80% from 100% with immediate effect. This will help the banking sectors to maintain adequate liquid assets as a result of the economic crises. He said to the sources that the loans given by non-bank financial institutes to commercial real estate to get some relief. This is to relieve non-bank financial institutes and the real estate sector. RBI will start by offering an additional amount of 50,000 crores via TLTRO (targeted long-term repo operation) to be implemented by tranches. Das said to the sources that a TLTRO amount of Rs 25,000 crore will be conducted on 17th April itself. He said these auctions have relieved financial situations. Adding to this he further stated that it has also helped improve activities in the corporate bond market. Apart from these, he made an announcement concerning the refinance window of Rs 50,000 crore for financial organizations such as the NABARD, SIDBI, and NHB. Das said that the TLTRO (targeted long-term repo operation) amount can be speeded up as essential to get enough liquidity to several sectors of the market like NBFCs, MFIs, etc. Das also added, considering the central bank’s action, surplus liquidity in the financial sector has substantially increased. On a further note, Governor Shaktikanta Das stated that from February 6 to March 27, 2020, Reserve Bank of India’s liquidity injection has remained at 3.2 percent GDP and as of March end, systemic liquidity surfeit remained at an average rate of Rs 4.36 lakh crore. After making the announcement, Shaktikanta Das applauded the bankers and other frontline employees who have been continuously battling the lockdown to help people. He also said that the RBI has been “proactively” supervising the situation and assured that India has adequate reserves to combat the economic crises caused due to the novel Coronavirus.

STATES AFFECTED

Sources: WHO, CDC, ECDC, NHC of the PRC, JHU CSSE, DXY, QQ, and various international media

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States Confirmed Recovered Deaths
Maharashtra 230,599 127,259 9,667
Tamil Nadu 126,581 78,161 1,765
Delhi 107,051 82,226 3,258
Gujarat 39,280 27,742 2,009
Uttar Pradesh 32,362 21,127 862
Karnataka 31,105 12,835 488
Telangana 30,946 18,192 331
West Bengal 25,911 16,826 854
Andhra Pradesh 23,814 12,154 277
Rajasthan 22,563 17,070 491
Haryana 19,364 14,505 287
Madhya Pradesh 16,341 12,232 634
Assam 14,601 9,148 27
Bihar 13,978 9,792 109
Odisha 11,201 7,407 67
Jammu and Kashmir 9,501 5,695 154
Punjab 7,140 4,945 183
Kerala 6,535 3,708 28
State Unassigned 4,385 0 0
Chhattisgarh 3,666 2,903 15
Uttarakhand 3,305 2,672 46
Jharkhand 3,268 2,210 23
Goa 2,151 1,273 9
Tripura 1,789 1,338 1
Manipur 1,450 799 0
Puducherry 1,200 619 16
Himachal Pradesh 1,140 833 10
Ladakh 1,055 915 1
Nagaland 673 304 0
Chandigarh 523 403 7
Dadra and Nagar Haveli and Daman and Diu 456 205 1
Arunachal Pradesh 302 120 2
Mizoram 203 143 0
Andaman and Nicobar Islands 156 83 0
Sikkim 134 71 0
Meghalaya 113 45 1
Lakshadweep 0 0 0

* Cases identified on a cruise ship currently in Japanese territorial waters.

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