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.
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.
The Central Government has allocated Rs. 5,117 crore grant to Madhya Pradesh under Jal Jeevan Mission to provide safe and potable piped drinking water to all the rural household in the state.
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.
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