Top five news stories to watch out for March 24, 2020

| Updated on March 23, 2020 Published on March 24, 2020

RBI eyeing liquidity-boosting steps to soothe markets. File Photo   -  Reuters

The first tranche of the RBI’s OMO purchase auction worth ₹15,000 crore will be conducted. The RBI decided to purchase government securities to ensure that the financial markets have adequate liquidity amid Covid-19-related dislocations. On Monday, it advanced the second tranche from March 30 to March 26.

The current session of the Tamil Nadu Legislative Assembly will conclude. Speaker P Dhanapal announced on Monday that all the demands for grants for various Departments would be taken up for discussion. The State will be under lockdown from 6 pm.

L&T Investment Management has announced the launch of two new fund offers — the L&T Nifty 50 Index Fund and the L&T Nifty Next 50 Index Fund. The funds are designed for investors who are looking for equity exposure through passive investing strategy and with a long-term investment horizon to grow their wealth.

AIIMS has issued an order to shut OPD services, including specialty services, and all new and follow-up patients’ registration till further notice. The premier institute had earlier decided to temporarily suspend routine walk-in OPD registration of patients as it redirects its resources to control the Covid-19 outbreak.

Redmi is likely to launch the Redmi K30 pro in China through a livestream. The smartphone is likely to feature a Snapdragon 865 processor, HDR10+ display, a pop-up selfie camera, and 5G with WI-Fi 6.0.

Published on March 24, 2020

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.