Day: March 30, 2020

Global oil prices fall to 2002 low; petrol, diesel rates unchanged in India

Intercontinental oil price ranges on Monday plunged to a seventeen-yr low but retail petrol and diesel price ranges in India remained on freeze as oil businesses ongoing to established off gains towards the excise duty hiked by the authorities.

Brent crude futures dropped to all around USD 23 for each barrel – the lowest due to the fact November 2002, while US crude briefly dipped below USD 20 as coronavirus lockdowns dried up demand from customers while the crude surplus ballooned.

Petrol and diesel price ranges in India, even so, remained on freeze for the 14th day in a row.

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Tokyo Olympics rescheduled for 2021: Opens on July 23, ends on Aug 8

The Tokyo Olympics will open up subsequent yr in the similar time slot scheduled for this year’s video games. Tokyo organizers said Monday the opening ceremony will just take area on July 23, 2021 pretty much accurately a single yr immediately after the video games have been because of to start off this yr.

Final week, the IOC and Japanese organizers postponed the Olympics till 2021 for the reason that of the coronavirus pandemic.

This year’s video games have been scheduled to open up on July 24 and near on Aug. 9. But the close to correct a single-yr delay

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Don’t consider repayment delays as default: Sebi to credit rating agencies

Marketplaces regulator Sebi on Monday questioned credit rating score companies not to consider as default any delay in payment of fascination or principal loan volume arisen entirely thanks to the nationwide lockdown situations.

The move follows a three-thirty day period moratorium on payment permitted by the Reserve Financial institution of India to mitigate the load of debt servicing thanks to disruptions induced by the coronavirus pandemic and to ensure continuity of feasible businesses.

In a round, the Securities and Trade Board of India (Sebi) mentioned a differentiation in treatment method of default, on a scenario to scenario basis, needs to

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Coronavirus LIVE: Govt says lockdown working, no community outbreak

A worker sprays disinfectant inside a church during a nationwide lockdown, impose in the wake of coronavirus pandemic, in Kanyakumari

A employee sprays disinfectant within a church through a nationwide lockdown, impose in the wake of coronavirus pandemic, in Kanyakumari

Coronavirus Live update: The government on Monday stated the coronavirus pandemic in the state was at the “local transmission” phase, as the total variety of scenarios rose to 1,071 and the death toll stood at 29.
 

” We have to arrive out of these semantics–the government has nowhere stated there is a neighborhood outbreak of (coronavirus). Technically, there is no neighborhood outbreak in the state. We are at the phase of local transmission,” stated Lav Agarwal, joint secretary in overall

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A Central Bank Digital Currency? The Bank of England Ponders Proposal

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In proposals, BoE sees prospect to increase “expensive, slow, and opaque” cross-border payments program

The BoE (Financial institution of England) this month introduced a 57-site discussion paper entitled “Central Financial institution Digital Currency, Possibilities, worries and design”, outlining the long run of payments in the Uk and the worldwide implications of electronic currencies.

BoE Governor Mark Carney released the doc stating “A CBDC could deliver homes and firms with a new kind of central lender income and a new way to make payments” even though also elevating some “significant worries for keeping monetary and economic stability”.

What

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