Day: May 13, 2020

Finance Minister announce measures for relief and credit support related to businesses

Rs 3 lakh crore Emergency Working Capital Facility for Businesses, including MSMEs Rs 20,000 crore Subordinate Debt for Stressed MSMEs Rs 50,000 crore equity infusion through MSME Fund of Funds New Definition of MSME and other Measures for MSME No Global tenders for Government tenders of uptoRs 200 […]

Pakistan reports 2,000 new COVID-19 cases

Islamabad, May 13: Pakistan has reported more than 2,000 new COVID-19 cases, taking the number of infections to over 34,000, while 31 more people have succumbed to the coronavirus, health officials said on Saturday, amidst the easing of lockdown restrictions. The Pakistan government announced last week that it would […]

Myanmar army admits prisoner abuse after beating video emerges

Myanmar’s military has conceded its troops abused prisoners in Rakhine State after a video of soldiers battering blindfolded detainees spread on social media — a rare admission of wrongdoing by a force often accused of acting with impunity. The video, which emerged on Sunday, shows plain-clothed men punching […]

Merkel cites 'hard evidence' Russian hackers targeted her

German Chancellor Angela Merkel voiced frustration Wednesday that Russia was targeting her in hacking attacks, saying she had concrete proof of the “outrageous” spying attempts. “I can honestly say that it pains me. Every day I try to build a better relationship with Russia and on the other […]

Flynn case boosts Trump’s bid to undo Russia probe narrative

WASHINGTON — When Michael Flynn was forced from the White House, Vice President Mike Pence said he was disappointed the national security adviser had misled him about his talks with the Russian ambassador. President Donald Trump called the deception unacceptable. Now Pence says he’d welcome Flynn back to […]

Gilead ties up with generic drugmakers for COVID-19 drug supply

Gilead Sciences Inc said on Tuesday it has signed non-exclusive licensing pacts with five generic drugmakers based in India and Pakistan to expand the supply of its experimental COVID-19 treatment remdesivir. The pacts allow the companies – Jubilant Life Sciences Ltd, Cipla Ltd , Hetero Labs Ltd, Mylan […]

India unveils $40 billion credit line for small businesses

NEW DELHI – India will offer bank loans amounting to 3 trillion rupees ($39.85 billion) to small businesses, Finance Minister Nirmala Sitharaman said on Wednesday, as part of measures to combat the damage caused by the coronavirus outbreak. Under the plan, the government will provide a credit guarantee […]

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