RBI cuts reverse repo by 25 bps to 3.75%, announces liquidity steps for NBFCs

MUMBAI :

Coronavirus infection rates across the region have fallen by almost 40 per cent, figures have revealed.

the blockades that have snarled cross-border traffic and paralyzed the City of Ottawa.“Certainly,” responded Minister Bill Blair when asked Sunday if his government was prepared to invoke the Emergencies Act, rarely-used legislation that grants federal authorities exceptional powers to address national threats.“I want to assure you that we recognize the threat to Canada, to Canadians, to our livelihoods and to our prosperity that these protests represent. This isn’t about vaccines anymore.

Police removed protesters that have been blocking the Ambassador bridge in Windsor, Ont., on Sunday. They also made an arrest when drivers refused to remove their vehicles. Sean O’Shea has the details.

Kamila Valieva of Team ROC skates during a figure skating training session at Winter Olympic Games. (Matthew Stockman/Getty Images) Russian skater Kamila Valieva will testify by video Sunday at a court hearing about her doping case.Valieva’s right to compete in the women’s event at the Beijing Olympics will be decided at a hearing at the Court of Arbitration for Sport.Both the World Anti-Doping Agency and the International Testing Agency — on behalf of the IOC — said Friday they would fight the decision by Russia’s anti-doping agency to allow the 15-year-old Valieva to skate. The Russian agency provisionally banned Valieva Tuesday because she failed a doping test in December.

COVID-19 on Sunday, a drop that comes a day before the province prepares to allow gyms and spas to reopen for business.The Health Department says 2,081 people are in hospital with the disease after 121 patients were admitted in the past 24 hours and 183 were discharged.#COVID19 – En date du 12 février, voici la situation au Québec: https://t.co/pwoUoaBgaF pic.twitter.com/zwEv6UuVP9— Santé Québec (@sante_qc) February 13, 2022It says the number of overall virus-related hospitalizations is down by 62.Officials say 140 patients are listed in intensive care, a drop of 13.The province is also reporting 1,870 new cases confirmed by molecular testing, which is limited to certain higher-risk groups.They say 25,040 doses of a COVID-19 vaccine were administered on Saturday, and 49 per cent of provincial residents have received their third dose.

LOS ANGELES - From pizza to chips and wings to beer, Super Bowl Sunday is known for its food!After Thanksgiving, Americans will consume the most amount of food on Super Bowl Sunday.According to TigerFitness, the average household buys about 6,000 calories worth of snacks per person.RELATED: Super Bowl LVI: Where to eat near SoFi StadiumBelow is a list of Super Bowl food facts from TigerFitness.Get your top stories delivered daily! Sign up for FOX 11’s Fast 5 newsletter. And, get breaking news alerts in the FOX 11 News app. Download for iOS or Android.Tune in to FOX 11 Los Angeles for the latest Southern California news.Advertisement

PHILADELPHIA - A man is in critical condition after a shooting in West Philadelphia.The shooting happened at approximately 1 a.m.

possible Russian invasion within days, saying he had yet to see convincing evidence, even as the U.S. warned Sunday of more Russian troops pressing closer to Ukraine's borders and some airlines canceled or diverted flights there.The White House said President Joe Biden would talk later in the day with Ukrainian President Volodymyr Zelenskyy.The Ukrainian leader's repeated statements urging calm among his people — while Russian forces surround Ukraine on three sides in what Russia insists are military exercises — grew this weekend to Zelenskyy questioning strident warnings from U.S.

Liam Payne is sharing an anecdote indicating his 4-year-old son Bear has a bit of a mischievous streak.

Police clear a roadway at the Ambassador Bridge US-Canada border crossing blocked by truckers as they protest anti-vaccine mandates in Windsor, Ontario. (Photo by GEOFF ROBINS/AFP via Getty Images) Police moved in to clear and arrest the remaining protesters near the busiest U.S.-Canadian border crossing on Sunday, trying to end a demonstration against COVID-19 restrictions that has hurt the economy of both nations even as they held back from a crackdown on a larger protest in the capital, Ottawa.Local and national police formed a joint command center in Ottawa, where protests have paralyzed downtown, infuriated residents who are fed up with police inaction and turned up pressure on Prime Minister Justin Trudeau.The protests have reverberated across the country and beyond, with similar convoys in France, New Zealand and the Netherlands.

Around 300 vehicles taking part in a Canada-style protest convoy against Covid regulations have arrived in Lille, northern France.

The UK has recorded another 41,270 coronavirus cases over the past 24 hours - down from 46,025 on Saturday.

PHILADELPHIA - Two people are dead after a late night shooting in the Kingsessing section of the city.The shooting happened shortly after midnight on the 5700 block of Belmar Street. When police arrived on the scene, they found two men shot and killed.

Travelers wait at the check-in counter ahead of their Ukraine International Airlines (UIA) flight to Kyiv at Israel's Ben Gurion airport in Lod near Tel Aviv on February 13, 2022. (Photo by JACK GUEZ/AFP via Getty Images) Some airlines have canceled or diverted flights to Ukraine amid warnings from the West that an invasion by Russia is imminent despite intensive weekend talks between Moscow and Washington.In an hourlong call Saturday with Russian President Vladimir Putin, President Joe Biden said an invasion of Ukraine would cause "widespread human suffering" and that the West was committed to diplomacy to end the crisis but "equally prepared for other scenarios," the White House said.

PHILADELPHIA - A man is fighting for his life after he was shot in the back in the head in West Philadelphia. The shooting happened just after 1 a.m. Sunday on the 200 block of North Wanamaker Street. Police say they found the 40-year-old man suffering from the gunshot wound to the head and he was rushed to a local hospital.

Vladyslav Heraskevych of Team Ukraine looks on after sliding during the Men's Skeleton Heat 4 at the Winter Olympic Games. (Adam Pretty/Getty Images) The Ukrainian Olympic team has followed the lead of skeleton racer Vladyslav Heraskevych in calling for peace.Heraskevych held up a sign with a Ukrainian flag and the message "No War in Ukraine" after completing a run in the skeleton competition on Friday at the Beijing Games.

Gold medallist Erin Jackson of Team United States poses with a Bing Dwen Dwen mascot and the winning time during the Women's 500m at the Beijing 2022 Winter Olympic Games. (Catherine Ivill/Getty Images) Erin Jackson has become the first Black woman to win a speedskating medal at the Winter Olympics.And a gold one, at that.Jackson won the 500 meters Sunday with a time of 37.04 seconds, giving the American speedskating program its first speedskating medal of the Beijing Games and first individual medal since 2010.But this one meant much more than national pride.The 29-year-old Jackson, a former inline skater who switched to the ice shortly before the 2018 Pyeongchang Olympics, joined fellow American Shani Davis as the only Black athletes to win speedskating medals at the Olympics.The silver went to Miho Takagi of Japan, while Angelina Golikova of the Russian team took the bronze.Jackson's gold came after the native of balmy Ocala, Florida, slipped at the U.S.

Dr. Dre will be front and center on one of the world’s biggest stages when he performs at the 2022 Super Bowl on Feb. 13. The rapper will be joined by some of his closest friends in the industry — Eminem, Mary J. Blige, Snoop Dogg and Kendrick Lamar — for a Halftime Show performance that is sure to be remembered. It’s almost impossible to believe that just 13 months ago, Dre suffered an apparent brain aneurysm that left him hospitalized for nearly two weeks. Luckily, Dre was able to recover from the terrifying medical scare. Learn more about it below:

LONDON :

COVID-19, as the province continues to endure the pandemic.New data released by the province on Sunday suggests 402 people were receiving care in an intensive care unit (ICU), while 244 were on a ventilator. 1,704 people hospitalized in Ontario with COVID-19, 414 in intensive care The hospitalizations and ICU admissions on Sunday mark a drop from numbers reported the day earlier.On Saturday, the province said 1,704 people were hospitalized, with 414 in ICU.However, in a tweet, Ontario’s Health Minister Christine Elliott noted that not all hospitals submit data on weekends.A total of 2,265 new cases of COVID-19 were reported in Ontario on Sunday.

James Blunt in their latest effort to repel protesters who are camped outside of parliament.The demonstrators, who are angry at COVID-19 vaccine mandates, have been blocking the streets of the country’s capital, Wellington, since Tuesday (February 8).Tactics used by the local authorities to try and get rid of the protesters have included turning on the water sprinklers on the lawn where they camped. But protesters retaliated by digging trenches and building makeshift drainpipes to re-route the water, according to BBC News.When the sprinkler tactic proved ineffective, police turned to blasting out Barry Manilow‘s greatest hits, which include ‘Mandy’ and ‘Could It Be Magic’, on a 15-minute loop from one of parliament’s loudspeakers, as well as the ’90s Spanish hit ‘Macarena’ and a number of vaccine messages.After catching wind of what was happening, Blunt offered his services to New Zealand authorities via Twitter.

All this week anti-COVID-19 vaccine mandate protesters said that if police came they wouldn’t leave their blockade of the Ambassador Bridge in Windsor, Ont., but when push came to shove that’s exactly what they did. Sean O’Shea reports.

coronavirus pandemic declaration, the Toronto Transit Commission (TTC) said it will “improve and increase service” on several of its routes beginning Sunday.In a press release issued Wednesday, TTC said 17 routes would be improved “as the agency starts restoring service across the network to pre-pandemic levels.” Ontario on track to remove ‘almost all restrictions’ on businesses ‘very soon,’ Doug Ford says “Throughout the pandemic, the TTC has prioritized service delivery where it is needed the most, protecting service on the busiest routes at the busiest times of day,” the release reads. “Last November, overall service had to be adjusted based on reduced staff availability.”The TTC said it is planning to restore 100 per cent of pre-pandemic service hours over the coming months as ridership increases.“Schedules and service will continue to be based on demand,” the release said.According to the TTC, on Feb.

Josh Hazlewood conceded just five runs in the Super Over as T20 World Cup champion Australia edged Sri Lanka on Sunday after the second game of their series finished in a tie.Australia Innings:Australia was sent in to bat in Sydney and posted 164 for 6, with Josh Inglis scoring 48 from 32 balls to lead the scoring.Dushmantha Chameera took 2 for 30, including wickets with consecutive balls in the 19th over to remove Steve Smith (14) and Marcus Stoinis (19), and Wanindu Hasaranga returned 2 for 33.Sri Lanka Innings:Sri Lanka was always behind in the run chase after losing wickets in the first, third and fifth overs to slip to 25 for 3, but opener Pathum Nissanka’s 73 from 53 deliveries kept the visiting team in contention.Sri Lanka needed 46 from the last 18 balls for victory and, when Hasaranga was run out for 34 on the last ball of the 19th over, still needed 19 off the last over from Stoinis to win the match and level the series.They scored 18 , with Maheesh Teekshana hitting the second ball he faced for six and Chameera hitting a four down the ground on the last ball to level the scores.Super Over :With the Super Over in play Hazlewood, who returned 3 for 22 in his four overs in regulation, bowled two dot balls and a bye, which resulted in Dinesh Chandimal being run out by a direct hit from Glenn Maxwell as Sri Lanka slipped to 1- 1. The Sri Lankans managed to get to 5 for 1 after six balls.Maxwell took a single off Hasaranga from the first ball of Australia’s Super Over and Stoinis did the rest, driving down the ground for consecutive boundaries to secure the victory with three balls to spare.

Ont.’s Ambassador Bridge.Dozens of trucks, cars, pickups and vans have blocked traffic in both directions at Canada’s busiest border crossing to the U.S. for several days.

The Scottish Government has confirmed 5,301 new cases of coronavirus have been identified overnight.

Kate Garraway has said she is discovering a 'new way to be in love' with her husband.

A Rutherglen man has praised a new NHS weight loss programme after shedding a staggering four stone in less than a year.

Active cases: 3,926Today's positivity rate: 1.50% pic.twitter.com/kqjBfJPSBgNever miss a story! Stay connected and informed with Mint. Download our App Now!!

Those opposed to vaccine mandates and other COVID-19 measures gathered near the Pacific Highway truck crossing Saturday – where police say convoy vehicles broke through RCMP barricades. Paul Johnson reports.

Analysts say RBI governor Shaktikanta Das will need to do a lot more in coming weeks. Here’s a look at some of the policy options still available to him

Reserve Bank of India (RBI) governor Shaktikanta Das announced a series of measures on Friday to encourage banks to lend. This comes after non-food credit growth fell to a 26-year low in 2019-20. Will RBI’s new moves encourage banks to lend more? Mint takes a look.

MUMBAI : Governor Shaktikanta Das vowed on Friday to do “whatever it takes" to cushion the economic blow of the coronavirus pandemic, before drawing from the central bank’s arsenal to cut the reverse repo rate to nudge banks to lend, provide liquidity support to struggling non-banks and ease asset classification norms.

Prime Minister Narendra Modi on Friday welcomed the steps taken by the Reserve Bank of India (RBI) and said the measures will enhance liquidity, improve credit supply and help small businesses and farmers hit by the nationwide lockdown.

MUMBAI: Indian stock markets jumped over 3% on Friday as liquidity boosting measures announced by Reserve Bank of India and firm positive global cues lifted investor sentiment. The BSE Sensex ended at 31,588.72, up 986.11 points or 3.22%, while the 50-share index Nifty closed 273.95 points or 3.05% higher at 9,266.75.

Setting the stage for a post-covid-19 economic revival requires both monetary and fiscal policy action. Reserve Bank of India (RBI) has plugged gaps left by its last announcements. Now it’s time for the government to act.

Reserve Bank of India (RBI) Governor Shaktikanta Das today announced a new set of measures in an effort to strengthen the financial system’s response to the Covid-19 fueled slowdown that has affected our economy. The RBI Governor said the central bank has taken a number of steps to ensure normal business functioning by the entire banking sector.

NEW DELHI: Finance Minister Nirmala Sitharaman on Friday welcomed the Reserve Bank of India’s (RBI’s) steps aimed at helping companies and individuals borrow at cheaper rates, improving non-banking finance companies’ (NBFCs’) access to low-cost funds besides assisting banks, companies and real estate firms with reclassification of norms on bad assets.

NEW DELHI : Prime Minister Narendra Modi today said the announcements made by Reserve Bank of India (RBI) Governor will improve liquidity and credit supply and also help small businesses, farmers and poor.

Mumbai: The Reserve Bank of India has decided to provide an asset classification standstill for standard accounts that avail a moratorium between 1 March and 31 May, said governor Shaktikanta Das on Friday.

NEW DELHI: The Reserve Bank of India (RBI) on Friday asked scheduled commercial banks and co-operative banks not to make any dividends for the financial year ending March 2020 and said it will review this stand in September. RBI Governor Shaktikanta Das today said this was being done to conserve cash in view of the challenges posed by covid-19.

NEW DELHI: The Reserve Bank of India on Friday announced it will conduct targeted repo operations for an amount of ₹50,000 crore to begin with in tranches of appropriate sizes.

NEW DELHI : After the Narendra Modi government extended the coronavirus lockdown till May 3, Reserve Bank of India (RBI) Governor Shaktikanta Das will make some important announcements at 10 am today. He is likely to announce some fresh measures to cushion the economy during lockdown 2.0.

Indian equity market on Friday is expected to be on the edge. Investors may take positions after the Reserve Bank of India (RBI) governor Shaktikanta Das's briefing at 10 am. SGX Nifty, which indicates the movement for Indian stocks, suggests a firm opening.

India’s central bank is deeply aware of its limitations in fighting covid-19, yet it is willing to go far into uncharted territory to preserve growth and financial stability.

The outbreak of COVID-19 has seriously dented global growth prospects and there is a rising probability of a global recession, which may be deeper than the one experienced during the global financial crisis, the Reserve Bank of India governor Shaktikanta Das said, according to the just-released minutes of the March 24-27 meeting of central bank's monetary policy committee.

NEW DELHI : Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das will on April 15 participate in the meeting of the G-20 countries to discuss the way forward in supporting the economy after the COVID-19 pandemic.