Here are top seven happenings from India sorted and simplified for you. Experience the 60 word news crunch from AlShorts now!
Coronavirus cases rose to 396 in India, confirming eighty-one new cases in just 24 hours on 22 March 2020. As the numbers jumped to nearly 400, the government tightened safety measures by shutting down train services. After Rajasthan and Punjab, Arunachal Pradesh, Delhi, and Telangana also announced complete lockdown till 31 March 2020. West Bengal and Gujarat are also under partial lockdown.
India’s automotive industries announced suspension from car production due to Coronavirus outbreak. Maruti Suzuki India halted its car production seeing the plants in Europe, US, Canada and Mexico shut down after global death toll exceeded 13,000. Vehicle maker, Mahindra & Mahindra stated that the company will start production of ventilators for Coronavirus patients.
BSE flagship Sensex plunged by over 4,000 points slipping below 26,000 levels on 23 March 2020. Meanwhile, India is under lockdown amid virus spreads, domestic stocks are falling like a deck of cards. In the Asian market, MSCI’s broadest index shares outside Japan witnessed a fall of 2% on 23 March 2020.
Gold prices in India saw an escalation on 23 March 2020 despite a falling trend which was noticed of the Indian rupee in the international market. Gold futures rose to nearly 1.5% in morning trade on 23 March 2020. Even silver futures were seen trading over 1% high as the markets opened after PM Modi’s Janta curfew on Sunday 22 March 2020.
Government of India ordered strict legal actions against the defaulter of lockdown on 23 March 2020. Earlier on 22 March 2020, 75 districts were put under serious lockdown as thindiae number of confirmed COVID-19 cases closes 400 in India. PM Narendra Modi ordered states to strictly enforce lockdown and asked to take legal actions against violators.
India’s Prime Minister Narendra Modi hailed crew of Air India which has been evacuating stranded citizens from Coronavirus hit countries. Modi’s statement came a day after some citizens harassed the crew members who went abroad as part of their duty. Modi tagged a tweet from the country’s aviation minister who posted a photograph of Air India’s latest evacuation mission crew who went to Rome to rescue citizens.
India’s rupee tumbled to a new low after authorities imposed a lockdown in Asia’s third-biggest economy. As of 4:30 am GMT, Rupee was trading at 76.22 against United States Dollar. INR’s price against United Arab Emirates’ Dirham was reported at 20.59 which is an all-time low for the Indian currency. Rupee’s value is expected to go touch further lows due to the Coronavirus pandemic.
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