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The government launched several initiatives to address these shortages, including converting public buildings into COVID-19 care centers and increasing domestic production of medical supplies. Unfortunately, the second wave of COVID-19 hit India in April 2021, resulting in even higher numbers of cases and deaths than the first wave.
On 27 March the Reserve Bank of India (RBI) Governor Shaktikanta Das made a number of announcements including EMIs being put on hold for three months and reducing Repo Rates. Other measures introduced will make available a total ₹ 374,000 crore (equivalent to ₹ 4.4 trillion or US$51 billion in 2023) to the country's financial system. [58]
Prime Minister Narendra Modi chairing a video conference with the state Chief Ministers on May 11, 2020. The Indian state governments have responded to the COVID-19 pandemic in India with various declarations of emergency, closure of institutions and public meeting places, and other restrictions intended to contain the spread of the virus.
The first cases of COVID-19 in India were reported on 30 January 2020 in three towns of Kerala, among three Indian medical students who had returned from Wuhan, the epicenter of the pandemic. [10] [11] [12] Lockdowns were announced in Kerala on 23 March, and in the rest of the country on 25 March. Infection rates started to drop in September. [13]
The COVID-19 pandemic was a pandemic of Coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2); the outbreak was identified in Wuhan, China, in December 2019, declared to be a Public Health Emergency of International Concern from 30 January 2020 to 5 May 2023, and recognized as a pandemic by ...
2019: The International Financial Services Centres Authority (IFSCA) is established to regulate financial services in the IFSCs in India. [37] [38] 2020: The Reserve Bank of India announces a moratorium on loan repayments and a restructuring scheme for borrowers impacted by the COVID-19 pandemic.
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The following is the timeline of the COVID-19 pandemic in India from January 2020 through May 2020. Timeline of the pandemic spread across India (30 January 2020 to 3 April 2020) This article needs to be updated .