In its semi-annual financial stability report, RBI had earlier said that the bad loan ratio of banks could rise to 13.5% under the baseline stress scenario by September 2021.
The Chief Minister of Meghalaya Conrad Sangma has been named as the Convenor of the GoM to look into matter of concessions & exemptions from GST for COVID relief materials.
The French presidency has appointed Laurence des Cars, the current director of the Musee d'Orsay in Paris, to head the world's largest museum as of September 1.
VK Paul will head the Emergency Management Plan Group. Centre has reconstituted the six Empowered Groups into ten groups to tackle the COVID situation in the country.
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