The Tamil Nadu Government has announced that an amount of Rs. 5 lakh would be deposited on the account of each orphaned child and would be given to the child with interest when the child attains 18 years of age.
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.
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.
EXAMIANS