PSBs have sanctioned ₹6.68 tn in loans to small biz, retail, agri and corporate sectors between 1 March and 19 May NEW DELHI : Finance minister Nirmala Sitharaman on Friday met heads of all public sector banks (PSBs) to discuss ways to inject liquidity into the system, sanction and disburse loans and execute schemes that fall under the ₹20 trillion economic package.

PSBs have sanctioned ₹6.68 trillion in loans to small businesses, retail, agriculture and corporate sectors between 1 March and 19 May, an indication that there has been a steady increase in credit availability for these vital sectors, the finance ministry said.

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Trucker protests: Protesters vow to protect National War Memorial in Ottawa after removal of fencing

Purported veterans and supporters of the so-called “Freedom convoy” removed fencing protecting the National War Memorial in Ottawa on Saturday. A police officer can be seen telling the demonstrators they would be responsible for taking care of the memorial, according to Global News’ Abigail Bimman, who was on the ground at the time.

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Convoy vehicles break through RCMP barricades as B.C. border crossing effectively closed

#FreedomConvoy #vancouver#military pic.twitter.com/XhnXUyDUaY— WaiverHunter (@WaiverHunter) February 12, 2022RCMP spokesperson Sgt. Elenore Sturko said late Saturday afternoon a group of vehicles, including a large truck with a military-style paint job, broke through a police blockade and over a median heading the wrong way on the northbound side of the road.It appears to be some type of, maybe military surplus … it’s not anything with the government of Canada, it’s a vehicle that is painted and lifted and looks to be a military type style, and that was one of the first vehicles to break over the median and past police barriers,” Sturko said.UPDATE #BCHwy15 – CLOSED in both directions between 8th Ave and 1st Ave due to a public demonstration.

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More than 49,000 boosters given yesterday; 810 community cases; 32 in hospital

The sharp increase in new cases today is another reminder that, as expected, the highly transmissible Omicron variant is now spreading in our communities as we have seen in other countries.

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Traffic Alert for motorists using Colombo – Horana Rd

COLOMBO (News 1st); Sri Lanka Police announced that the movement of traffic will be restrict along the Colombo – Horana Road as a result of the development of the Bokundara Bridge in Piliyandala.From the 13th of February 2022 until further notice, two lanes will be open for vehicles to travel to Colombo from 6 AM to 3 PM daily, and one lane to travel to Horana during that time.Further, from 3 PM to 6 PM, two lanes will be open to travel to Horana while one lane will be open to travel to Colombo.In addition, from 6 AM to 9 AM and 4 PM to 8 PM, all heavy vehicles, excluding passenger transport buses, will not be allowed to enter these roads.Sri Lanka Police requested the general public to use the following alternatives to avoid inconveniences.* Horana to Colombo : Proceed to Galle Road from Piliyandala and then move to Colombo.* Horana to Werahera : Proceed to Ratmalana via Galle Road and then use Borupana Road to access Werahera* Colombo to Horana : Proceed to Maharagama from Boralesgamuwa and use the Maharagama Piliyandala Road.

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Trucker convoy protesters gather in Toronto for second straight weekend

Protesters supporting the trucker convoy movement that has occupied Ottawa and Windsor demonstrated in Toronto for a second consecutive weekend. It comes after the province declared a state of emergency in relation to the ongoing blockades.

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TD Bank freezes two personal accounts that received over $1M for trucker convoy

protesters fighting the Canadian government’s pandemic measures, a bank spokesperson said on Saturday.The demonstrations, dubbed the “Freedom Convoy” by Canadian truckers opposing a vaccination mandate for cross-border drivers as well as other pandemic restrictions, are now in their third week. They have gridlocked the capital Ottawa and blocked U.S.-Canada border crossings, damaging trade between the two countries.Early on Saturday, Canadian police began clearing protesters blocking a key bridge linking Canada and the United States.

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Senators introduce bill to address social media harm, addiction

In this photo illustration, the social medias applications logos, Twitter, Google, Google+, Gmail, Facebook, Instagram and Snapchat are displayed on the screen of an Apple iPhone. (Photo Illustration by Chesnot/Getty Images) Two U.S.

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Philadelphia's first gun buyback kicked off Saturday

PHILADELPHIA - Philadelphia’s first gun buyback of 2022 kicked off on Saturday.The event was led by Bilal Qayyum with Fathers Day Rally Committee along with leaders from the Philadelphia City Council.For every gun that was turned in, no questions asked, the person was given a $100 gift certificate to a local grocer.One person turned in ten guns alone. In total, 28 guns were turned in Saturday – 24 handguns and 4 long guns. "A lot of guns and the police would tell you this, that are on the streets today, ended up legal guns in someone house, someone broke in and took that gun.

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Gas prices continue to rise in NJ amid crude oil price hikes

TRENTON, N.J. - Gas prices continue to rise sharply in New Jersey as crude oil prices increase amid ongoing global tensions related to uncertainty over Russia’s intentions toward Ukraine. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $3.56, up 12 cents from last week. Drivers were paying an average of $2.64 a gallon a year ago at this time. The national average price for a gallon of regular gasoline was $3.48, up six cents from last week. ___DOWNLOAD: FOX 29 NEWS APP | FOX 29 WEATHER AUTHORITY APPSUBSCRIBE: Good Day Digest Newsletter | FOX 29 Philly on YouTubeAdvertisementFOLLOW: Facebook | Instagram | Twitter

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Police investigate non-fatal shooting of Delaware teenager

NEW CASTLE, Del. - Police in Delaware are investigating the shooting of a teen in New Castle County. New Castle Police say they received a report of a shooting Friday afternoon in the community of Sophia’s Place West. Officers arrived and found a 16-year-old boy with gunshot wounds to his upper and lower extremities. A good Samaritan had been rendering aid before police arrived. The boy was taken to the hospital and reported in stable condition. Police are investigating and asking the public to contact them if they have relevant information.___DOWNLOAD: FOX 29 NEWS APP | FOX 29 WEATHER AUTHORITY APPSUBSCRIBE: Good Day Digest Newsletter | FOX 29 Philly on YouTubeAdvertisementFOLLOW: Facebook | Instagram | Twitter

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Group of men assault, rob man of nearly $30K in Northeast Philadelphia

PHILADELPHIA - Police are investigating after four men broke into a home and assaulted a man in Northeast Philadelphia. The incident happened at approximately 2:30 a.m. on the 6900 block of Horrocks Street. Police say four unknown men, two of which were armed, forced entry through the basement door. They then assaulted a 41-year-old man and took approximately $28,000 ($10,000 in coins, $10,000 in checks, and $8,000 in cash) in various currency from the man.

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EastEnders' Maisie Smith reveals one piece of advice she would have given her younger self after previously opening up about mental health

EastEnders star has been getting close with her fellow co-stars, including Dragons Den star Sara Davies, Gordon Ramsay's daughter Tilly, and fellow actress Rose Ayling-Ellis, who made history last year as the show's first ever deaf contestant. Today (12 February) she shared a video of her spending time with CBBC TV presenter Rhys Stephenson in the dressing room before a show at London's 02 arena.

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Man dies after being shot inside car in Southwest Philadelphia, police say

PHILADELPHIA - A man has lost his life after a shooting in Southwest Philadelphia. The shooting happened around 11:30 p.m. Friday on the 6000 block of Woodland Avenue. Police say the 29-year-old man was shot once in the left armpit inside a Nissan Altima.

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CDC proposes change to opioid prescription guidelines

CDC officials said."We began to hear how the guidelines were being misused and misapplied" said the CDC's Christopher Jones, a co-author of the draft guidance.The proposed changes, contained in a 229-page draft update in the Federal Register, would roll back some suggested limits on the drugs. Their publication opens a 60-day public comment period.

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Convoy protesters tear down fence protecting National War Memorial

Protesters from the so-called “freedom convoy” in Ottawa have torn down a fence that had been put around the National War Memorial to protect it from further desecration.

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Opinion | The question of whether India's economic stimulus is adequate

Supply-side measures could be just as effective in boosting consumer demand as direct fiscal expenditure might have been

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Power distributors with dues to PFC-REC barred from Rs90,000 crore package

NEW DELHI: Power distribution companies (discoms), hoping to benefit from the Rs90,000 crore loans that Finance Minister Nirmala Sitharaman said PFC and REC will provide them to help them combat the covid-19-induced stress, are in for a surprise, according to a copy of the document seen by Mint. The power sector lenders have set stiff conditions to lend money under the scheme. One of them is that a distributor should not be owing money to either at the time of availing the loan.

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₹90K cr package to provide only temporary relief to discoms: IndRa

NEW DELHI : The ₹90,000 crore package would provide only a temporary relief to power distribution companies but not long-term stability, India Ratings and Research (Ind-Ra) said on Tuesday.

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We compared announcements made by different countries before us: FM on Stimulus

Finance Minister Nirmala Sitharaman on Saturday said the Finance Ministry compared every announcement made by different countries before India to see what their stimulus package consisted of.

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Economic package: Banks to go all out in pushing MSME loans

MUMBAI : After finance minister Nirmala Sitharaman met heads of public sector banks on Friday, lenders said they plan to zealously implement the government’s plan for credit push to small businesses.

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NBFCs disappointed by stimulus package details, write to FM Sitharaman

In a letter sent to FM on Wednesday, FIDC, the representative body of NBFCs, has sought changes to the three liquidity schemes - ₹30,000 crore liquidity support scheme, ₹45,000 crore partial credit guarantee scheme and ₹3 lakh crore guaranteed loans for MSMEs

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I've done the best for India Inc: Sitharaman on stimulus package

Just as India was showing initial signs of emerging from a slowdown, finance minister Nirmala Sitharaman was forced to confront a totally unexpected challenge: a pandemic. The government had to redraw battle plans and impose a lockdown, which triggered an economic collapse. Over the course of last week, the finance minister has outlined the contours of a ₹20 trillion stimulus package. In an interview on Tuesday, Sitharaman defended the government’s decisions and said it will not hesitate to take more steps to support Indian businesses. Edited excerpts:

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₹6.45 lakh cr worth loans sanctioned by PSBs during March 1-May 15

State-owned banks launched an emergency credit line to provide funds to its existing MSME and corporate borrowers in the last week of March, soon after the lockdown was announced.

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Lack of robust stimulus may fail to lift economy

The centre’s stimulus package may have an impact of only 1-1.5% of gross domestic product (GDP) on the exchequer, with the government relying more on liquidity support measures. With the government further extending the lockdown till 31 May to curb the coronavirus pandemic, the lack of substantial demand stimulus may deepen the economic downturn in the short run.

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Covid-19 package: Govt to set up public health laboratories at block levels

NEW DELHI: Finance Minister Nirmala Sitharaman on Sunday announced setting up of public health laboratories at block levels, a move that will boost testing facilities in rural India.

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₹20 trillion stimulus: Govt to privatise public sector entities

NEW DELHI: Finance minister Nirmala Sitharaman on Sunday announced a new public sector enterprise (PSE) policy under which there will be at least one such entity each in strategic sectors while those in non-strategic sectors will be privatised.

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Covid-19 relief package: India to suspend bankruptcy code for one year

NEW DELHI: India will suspend bankruptcy proceedings for one year so that companies are not dragged into tribunals at a time they are trying to get back on their feet, finance minister Nirmala Sitharaman said on Sunday.

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Stimulus: 5th tranche focusses on MGNREGA, health, education, businesses

NEW DELHI: Finance minister Nirmala Sitharaman on Sunday said a series of measures focussing on rural jobs, health, education and support to states and businesses are part of the last tranche of the ₹20 trillion economic package announced to mitigate the impact of the covid-19 pandemic and the resultant lockdown.

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Nirmala Sitharaman LIVE: Economic package finale keeps everyone guessing

NEW DELHI : Finance minister Nirmala Sitharaman is expected to make some key announcements today as she addresses the fifth and last press conference on the ₹20 lakh crore economic package announced by Prime Minister Narendra Modi earlier. To revive the Indian economy hit by the impact of coronavirus, the Modi government has decided to make India 'self-reliant' with a combination of several reforms, fiscal and liquidity measures. PM Modi has said that the measures and reforms will create many business opportunities and contribute to economic transformation.

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₹20 trillion economic package today

Sitharaman will announce the last tranche of ₹20 lakh crore stimulus package at 11 am today

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Fourth tranche of economic package will boost job opportunities: Narendra Modi

NEW DELHI : The economic measures announced by his government on Saturday will create many business opportunities and contribute to economic transformation, Prime Minister Narendra Modi said.

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Nirmala Sitharaman LIVE Updates: FM to release 4th part of economic package

NEW DELHI : After having announced economic package and relief measures for farmers, migrant labourers, MSMEs, SMEs, NBFCs, MFIs and other categories, Finance Minister Nirmala Sitharaman will release the fourth tranche of her ₹20 lakh crore economic package today. As announced the Prime Minister Narendra Modi earlier, the stimulus to revive the Indian economy hit by coronavirus is being released in several tranches. Equivalent to 10% of India's GDP, the economic package includes both fiscal and liquidity measures to make India self-reliant under the 'Aatmanirbhar Abhiyan'.

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Govt must rethink economic package, give money directly to needy: Rahul Gandhi

Former Congress president Rahul Gandhi on Saturday said the government should rework on the ₹20 trillion economic stimulus package, announced to mitigate the damage caused by the coronavirus pandemic, by giving money directly to people to spur demand instead of focusing on a loan-centric approach.

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FMCG companies welcome FM's package for the farm sector

New Delhi: Fast moving consumer goods companies on Friday welcomed the government's third tranche of the economic relief package aimed at supporting and reforming the farm sector, as well as developing infrastructure to support India's agriculture sector.

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Nirmala Sitharaman LIVE Updates: FM announces economic package for agriculture

NEW DELHI : Finance Minister Nirmala Sitharaman is releasing the third tranche of the ₹20 lakh crore economic package today with a focus on agriculture, fisheries and allied activities. In the previous two parts of the package, FM's focus was on MSMEs, NBFCs, MFIs, migrant workers, street vendors and small farmers. Prime Minister Narendra Modi has declared that the package is aimed at making India self-reliant. He has also hinted at bringing in several reforms to revive the Indian economy hit by the nationwide spread of the contagious coronavirus disease and the prolonged lockdown.

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Housing boost for middle class, migrants: Govt stimulus amid Covid crisis

Union finance minister Nirmala Sitharaman revealed...

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Economic package a hoax, govt failed to send foodgrains it had promised: Mamata Banerjee

KOLKATA : The TMC on Thursday dubbed the announcements made by Union Finance Minister Nirmala Sitharaman as a hoax and said the Centre had failed to provide West Bengal with the foodgrains it had promised or had sent those of inferior quality.

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₹20 trln package: Free food grains to 80 mln migrant workers for two months

NEW DELHI: Finance minister Nirmala Sitharaman on Thursday said about 80 million migrant workers, not covered under central or state food distribution systems, will be given free rice, wheat and gram or chickpea for the next two months. The measure will cost the central government ₹3,500 crores.

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₹20 lakh crore stimulus: 5,000 crore credit facility for street vendors

Finance minister Nirmala Sitharaman on Thursday announced a ₹5,000 crore special credit facility for street vendors.

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Modi’s address on economic package and lockdown 4.0 draws 193 mln TV viewers

NEW DELHI: Prime Minister Narendra Modi’s address to the nation this week on the ₹20 trillion stimulus package and the extension of the covid-19 lockdown drew 193 million viewers across 197 television channels, according to data from the Broadcast Audience Research Council (BARC).

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Will govt’s fresh package for NBFCs help debt MFs holding their paper?

Finance minister Nirmala Sitharaman on Wednesday announced a fresh set of measures for non-banking finance companies (NBFCs), housing finance companies (HFCs) and micro finance institutions (MFIs) as part of the government’s economic rescue package for the covid-19 crisis. It allocated an amount of ₹30,000 crore for the purchase of investment grade debt of NBFCs, HFCs and MFIs. The second measure is a partial guarantee scheme worth ₹45,000 crore on primary market paper issued by NBFCs.

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Except for modest MSME package, disappointed with FM's measures: Chidambaram

Finance Minister Nirmala Sitharaman on Wednesday announced a series of liquidity measures to prop up the economy amid the pandemic, which senior Congress leader and former FM P. Chidambaram said "is a cruel blow to those who toil every day".

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Full text of FM Sitharaman’s press-meet on stimulus package

Here is the full text of finance minister Nirmala Sitharaman’s announcements during the press-meet

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₹20 trillion package; Sensex, Nifty end 2% higher

Indian equity market on Wednesday closed over 2% higher as investors cheered the government's ₹20 trillion stimulus package to revive the economy, which has come to a grinding halt due to the lockdown imposed in the wake of the coronavirus pandemic.

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₹20 lakh crore economic package

NEW DELHI : As announced by Prime Minister Narendra Modi yesterday, finance minister Nirmala Sitharaman is now releasing details of the ₹20 lakh crore economic package to revive the economy hit by the coronavirus pandemic. Aimed at all sections of the society, including the middle-class, SMEs, labourers, farmers and the industry, the economic package is themed around the 'Self-reliant India campaign'.

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₹20 trillion package: Five key things to watch out for

NEW DELHI: The Center on Tuesday announced a massive ₹20 trillion stimulus, comprising 10% of India's GDP, to revive the economy that has been brought to its knees by a severe, nearly 50-day lockdown to contain the covid-19 pandemic.

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₹20 tn economic package

Prime Minister Narendra Modi's ₹20 lakh crore special economic package to make India self-reliant and bring the economy back on the track in view of coronavirus-induced lockdown has been hailed by India Inc as transformational and unprecedented.

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Covid-19: Big bang economic package from PM Modi puts the country in reset mode

PM Modi announces a ₹20 trillion stimulus package to reinvigorate the economy and a new strategy to ensure that the country becomes self-reliant

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

FM reviews readiness of PSBs to implement stimulus package

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