Shaktikanta Das India covid-19 outbreak 2020 Shaktikanta Das India

₹3.7 trillion in financial system to boost liquidity

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The Reserve Bank of India ( RBI) on Friday announced a host of measures aimed at boosting liquidity in the banking system in the backdrop of prevailing economic uncertainty due to coronavirus (COVID-19) outbreak.

The specific measures announced by Governor Shaktikanta Das are expected to infuse an additional ₹3,74,000 crore into the banking system as they take effect.

As part of the measures, Reserve Bank said it will conduct auctions of targeted term repos of up to three years tenor, for a total of up to ₹1 trillion, at a floating rate linked to the repo rate.

Liquidity availed under the scheme by banks will be deployed in investment grade corporate bonds, commercial paper, and non-convertible debentures over and above the outstanding

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Hemasiri Fernando - Pujith Jayasundara - Aditya Patabendige - Hemasiri and Pujith acquitted and released from Easter Attacks case - newsfirst.lk - Sri Lanka
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Hemasiri and Pujith acquitted and released from Easter Attacks case
COLOMBO (News 1st); Sri Lanka’s Former Defence Secretary Hemasiri Fernando and Former Inspector General of Police Pujith Jayasundara were released and acquitted by a Colombo court on Friday (18) from all charges in the Easter Sunday Attacks case.The cases were called up in the presence of Justices Namal Balalle, Aditya Patabendige, and Mohamed Irshadeen.The Attorney General filed the cases against Fernando and Jayasundara on charges of criminal dereliction of duty for failing to take action to prevent the Easter attacks despite receiving specific intelligence.A total of 855 charges of criminal negligence were leveled against Pujith Jayasundera and Hemasiri Fernando, individually.The Colombo Permanent High Court Trial-at-Bar ordered to acquit and release Ex-Police Chief Pujith Jayasundara and Ex-Defence Secretary Hemasiri Fernando from the cases, without calling for evidence from the defense, as the prosecution had failed to prove the charges filed against them.Justice Aditya Patabendige delivering the summary verdict in court noted that the evidence provided by Director of State Intelligence Nilantha Jayawardena made it clear that he had not carried out his duties in a proper manner, and acted to place that responsibility on someone else.Justice Aditya Patabendige went on to note that many devotees died under tragic circumstances in the Easter Sunday Terror Attacks that also left many injured, adding that it is not possible to proceed with a case against a person in absence of evidence on such a tragic event.Justice Aditya Patabendige also noted that one needs to be extra careful when leveling criminal charges against a person, and noted that the arrests of Jayasundara and Fernando on the said charges are also marred
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