- Fitch Solutions has revised down its forecast on 23rd March 2020 for the Indian rupee, to be at an average 77 per US dollar in 2020 and 80 in 2021 amid ongoing global risk-off sentiment and likely steep monetary easing.
- Tamil Nadu is going to form a new district after bifurcating the Nagappattinam district. The new district will be the 38th district in the state and will be headquartered at Mayiladuthurai.
- Telugu New Year day, Ugaadi is being celebrated on 25th March 2020. The festival is being celebrated across the two Telugu states, Telangana and Andhra Pradesh to mark the beginning of the Hindu Lunar calendar.
- First Made in India Test Kit to diagnose COVID-19 has got the commercial approval by the Central Drugs Standard Control Organisation (CDSCO). It can detect the infection within 2.5 hours as compared with over 7 hours by others.
- The government has banned the export of anti-malarial drug hydroxycloroquine, as it has been found to be effective in stopping the growth of Novel Corona Virus infection in laboratory conditions.
- Govt Increased the Threshold for Invoking Insolvency under IBC
- Govt Allowed Dispensation for Utilizing Funds under MPLADS for COVID 19
- Invest India Business Immunity Platform
- UBS Securities Cut India’s FY21 Growth Rate to 4%
