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Poland’s presidential election to be held within 74 days

Poland’s presidential election to be held within 74 days

World
Poland’s top electoral body has given the speaker of parliament 14 days to set a new date for presidential elections that were to have been held Sunday but were suspended amid debate over how voting could be done during the novel coronavirus pandemicBy MONIKA SCISLOWSKA Associated PressMay 10, 2020, 10:00 PM3 min read3 min readShare to FacebookShare to TwitterEmail this articleWARSAW, Poland -- Poland's top electoral body gave the speaker of parliament 14 days to set a new date for presidential elections that were to have been held Sunday but were suspended amid debate over how voting could be done during the novel coronavirus pandemic. The election must be held within 60 days of this announcement, or by late July, according to the resolution by the State Electoral Commission. The conserv
Working capital loan sanctions doubled in 2 days: Nirmala Sitharaman

Working capital loan sanctions doubled in 2 days: Nirmala Sitharaman

Finance
NEW DELHI: A day after suggesting that Indian economy is "poised to recover" as indicated by high levels of loan sanctions by banks over last two months, Finance Minister Nirmala Sitharaman on Saturday pointed out that banks are leaving no stone unturned to ensure that the current coronavirus situation does not result in liquidity crisis for businesses. In a tweet by Nirmala Sitharaman's office, it said that almost all eligible borrowers for emergency credit lines and working capital have been contacted by banks and sanctions have picked up pace in last couple of days. "PSBs contacted more than 95% of borrowers eligible for emergency credit lines & working capital enhancements between March 20 - May 6. The amount sanctioned jumped to Rs 54,544 crore, more than double the amount 2 days...
Investor wealth jumps Rs 7.68 lakh crore in four days of market rally

Investor wealth jumps Rs 7.68 lakh crore in four days of market rally

Finance
New Delhi: Investors' wealth jumped Rs 7.68 lakh crore in four days of market rally, with the Sensex ralling 997 points on Thursday. Rising for the fourth straight session, the 30-share BSE Sensex settled 997.46 points, or 3.05 per cent, higher at 33,717.62. During the holiday-shortened week, the Sensex rallied 2,390.40 points or 7.63 per cent. Led by the improved sentiment, the market capitalisation of the BSE-listed companies gained Rs 7,68,168.35 crore to Rs 1,29,41,620.82 crore in four trading days. "Markets this week rallied from the lows seen in March 2020. After almost a month of lockdown the world over, early signs of easing of the same along with some signs of the flattening of the COVID-19 curve spurred hope of economic activity resuming albeit at a slow pace. Some promise of a p...
WHO: Coronavirus deaths will pass 50,000 in ‘the next few days’

WHO: Coronavirus deaths will pass 50,000 in ‘the next few days’

World
The number of deaths due to coronavirus will pass 50,000 within the "next few days", according to the World Health Organization.The organisation's director-general Dr Tedros Adhanom Ghebreyesus told reporters on Wednesday evening that the growing number of COVID-19 deaths was "deeply concerning". He said: "As we enter the fourth month since the start of the pandemic, I'm deeply concerned about the rapid escalation and global spread of infection."Over the past five weeks we have witnessed a near exponential growth in the number of new cases reaching almost every country, territory, and area."The number of cases has more than doubled in the past week. In the next few days, we will reach one million confirmed cases and 50,000 deaths." His words came as the number of confirmed cases worldw...
India Post records transactions worth Rs 2,680 crore in 3 days

India Post records transactions worth Rs 2,680 crore in 3 days

Finance
NEW DELHI: India Post has recorded transactions worth Rs 2,680 crore between Thursday and Saturday with post office saving bank accounts leading the business, according to an official statement issued on Tuesday. The government has kept open services of post offices as part of essential items during the 21-day lockdown period. According to data shared in the statement, people deposited a total amount of over Rs 1,615 crore and withdrew over Rs 896 crore during the three-day period. During the three days, India Post Network claimed to have delivered 1,50,779 speed post, registered letters, parcels delivered and money orders in total, according to the official data. India Post recorded transactions worth Rs 819.72 crore on Thursday, Rs 906.22 crore Friday and Rs 954.22 crore on Saturday. Uni...