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HOW DID MARCH WENT FOR INDIA... ?
How did March went for India?
59 Hits - Naman Singhal - Mar 31, 2020, 6:47 PM
Started from chaos due to Delhi Riots 2020, leading to the Yes Bank Crisis and ending with the biggest one day raise in Covid-19 cases on 30th march (227), the month March of 2020 has been really eventful. Here are some top news from March, 2020
Delhi Riots-
The communal riots of North-East Delhi that took place in late February took 53 lives. More than 200 people were injured, 122 homes and 301 vehicles were completely destroyed, says official data.
Most of the repairing of that area was done in early March. 718 cases were filed and 3400 people were arrested. The Aam Aadmi Party (AAP) government has given a compensation of 10 crores to the affected 794 people.
Yes Bank-
The 4th largest bank of the country declared its collapse on 5th March 2020, leaving millions of account holders in distress.
The causes of this are said to be the risky loans they were lately giving to entrepreneurs. The Non-Performing Asset (NPA) percentage that is the percentage of loans overdue for more than 90 days was recorded 7.39%. The safety limit of NPA is mere 2%. Their stock prices fell steeply. This led to their bankruptcy in September 2018.
The bank and the money of the people was saved when SBI bought 49% of Yes Bank’s Shares. On 8th March, the founder, Rana Kapoor was arrested.
Nirbhaya Rape Case Verdict-
On 20 March 2020, Mrs. Asha Devi, mother of Nirbhaya finally got justice after 8 years when the SC finally proved the four accused of rape guilty. Nirbhaya was brutally raped on 16th December 2012 and died after failed treatment. The rapists were hung to death at 5:30 a.m. on the 20th.
CoronaVirusDisease (Covid-19)
Till February, the country had reported just 3 cases and no deaths. By the end of March, the cases have risen to 1251 and the toll have risen to 32. Maharashtra observes the most cases, 232. On 31st March, the ICMR told SC that the testing capacity is 15K and 112 labs are active in the country. The country reported its 1st death due to Covid-19 on 12th March.
Janta Curfew-
On 22nd March, the country observed a Janta Curfew on the appeal of the Prime Minister Narandra Modi. The Curfew started at 7am and ended at 9pm. The whole country jingled with the sounds of claps and bells at 5pm when the people came out of their houses or to their balconies to thank the doctors, policemen, media and other helpers.
Lockdown-
On 24th March, at 8pm, PM Narendra Modi announced a nation-wide lockdown for 21 days starting from 25 March. Many businesses and lives will be affected due to this prolonged lockdown, but the government is announcing relaxation measures every other day to win the trust of the public. Although, many are breaking this lockdown. The latest news came from Nizamuddin Dargah where 1400 muslims, including 250 foreigners got together to preach. 200 of them are quarantined and 11 are tested positive already. The success of this lockdown will decide the fate of the country.
Equity Market-
The Sensex fell from 38,297 on 29 February to 29,468 by the end of the month. It touched its lowest since July 2014, when it slipped to 25,981 on 23rd March.The Sensex recoiled after the finance minister, Nirmala Sitharaman announced many relaxation measures against Covid-19 on 26th March.
59 Hits - Naman Singhal - Mar 31, 2020, 6:47 PM
Started from chaos due to Delhi Riots 2020, leading to the Yes Bank Crisis and ending with the biggest one day raise in Covid-19 cases on 30th march (227), the month March of 2020 has been really eventful. Here are some top news from March, 2020
Delhi Riots-
The communal riots of North-East Delhi that took place in late February took 53 lives. More than 200 people were injured, 122 homes and 301 vehicles were completely destroyed, says official data.
Most of the repairing of that area was done in early March. 718 cases were filed and 3400 people were arrested. The Aam Aadmi Party (AAP) government has given a compensation of 10 crores to the affected 794 people.
Yes Bank-
The 4th largest bank of the country declared its collapse on 5th March 2020, leaving millions of account holders in distress.
The causes of this are said to be the risky loans they were lately giving to entrepreneurs. The Non-Performing Asset (NPA) percentage that is the percentage of loans overdue for more than 90 days was recorded 7.39%. The safety limit of NPA is mere 2%. Their stock prices fell steeply. This led to their bankruptcy in September 2018.
The bank and the money of the people was saved when SBI bought 49% of Yes Bank’s Shares. On 8th March, the founder, Rana Kapoor was arrested.
Nirbhaya Rape Case Verdict-
On 20 March 2020, Mrs. Asha Devi, mother of Nirbhaya finally got justice after 8 years when the SC finally proved the four accused of rape guilty. Nirbhaya was brutally raped on 16th December 2012 and died after failed treatment. The rapists were hung to death at 5:30 a.m. on the 20th.
CoronaVirusDisease (Covid-19)
Till February, the country had reported just 3 cases and no deaths. By the end of March, the cases have risen to 1251 and the toll have risen to 32. Maharashtra observes the most cases, 232. On 31st March, the ICMR told SC that the testing capacity is 15K and 112 labs are active in the country. The country reported its 1st death due to Covid-19 on 12th March.
Janta Curfew-
On 22nd March, the country observed a Janta Curfew on the appeal of the Prime Minister Narandra Modi. The Curfew started at 7am and ended at 9pm. The whole country jingled with the sounds of claps and bells at 5pm when the people came out of their houses or to their balconies to thank the doctors, policemen, media and other helpers.
Lockdown-
On 24th March, at 8pm, PM Narendra Modi announced a nation-wide lockdown for 21 days starting from 25 March. Many businesses and lives will be affected due to this prolonged lockdown, but the government is announcing relaxation measures every other day to win the trust of the public. Although, many are breaking this lockdown. The latest news came from Nizamuddin Dargah where 1400 muslims, including 250 foreigners got together to preach. 200 of them are quarantined and 11 are tested positive already. The success of this lockdown will decide the fate of the country.
Equity Market-
The Sensex fell from 38,297 on 29 February to 29,468 by the end of the month. It touched its lowest since July 2014, when it slipped to 25,981 on 23rd March.The Sensex recoiled after the finance minister, Nirmala Sitharaman announced many relaxation measures against Covid-19 on 26th March.
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