A massive fire broke out at a COVID care hospital in Gujarat's Ahmedabad on August 06. Around eight people lost their lives, including five men and three women in the fire incident at Shrey Hospital. One paramedic also received burn injuries. Reportedly, the fire occurred due to a short circuit in ICU of the fourth floor of hospital. An inquiry into the matter is underway. Prime Minister Narendra Modi announced ex-gratia of Rs 2 Lakhs each from Prime Minister's National Relief Fund (PMNRF) to the kin of the deceased. Rs 50,000 to be given to those injured due to the fire. Gujarat Chief Minister Vijay Rupani has announced an ex gratia amount of Rs 4 lakhs each to the families of the eight victims who died in the fire at Shrey Hospital in Ahmedabad. The CMO added that Rs 50,000 would be given to those injured in the incident. Earlier today as per Gujarat Chief Minister's Office, Gujarat Chief Minister has ordered a probe in the incident. "CM Vijay Rupani has ordered a probe in the incident of fire at Shrey Hospital in Ahmedabad. Sangeeta Singh, Additional Chief Secretary (Home Department) will be leading the probe. The CM has ordered for a report within 3 days."
The Reserve Bank of India left the repo rate unchanged at 4% and reverse repo rate at 3.35%. RBI Governor Shaktikanta Das also said that they would maintain an accommodative stance in view of the Covid pandemic. Repo rate is the rate at which the RBI lends to commercial banks, and reverse repo is the rate at which it borrows from them. The Central bank also decided to allow lenders to provide a restructuring facility on some loans that were standard as on March 1, 2020. 'Real GDP growth in the first half of the year is estimated to remain in the contraction zone. For the year 2020-21 as a whole, real GDP growth is also estimated to be negative,' the RBI Governor said. Stressed MSME borrowers would be eligible for restructuring of debt, if their accounts were classified standard, Das added. The governor also raised the loan-to-value ratio against gold to 90% from current 75%, to mitigate COVID-19 impact on households. Watch the full video for all the takeaways from the RBI monetary policy announcements.
Credit: HT Digital Content Duration: 06:03Published