Am already 71; faced 13 elections so far... it’s time to retire: Siddaramaiah

Mumbai, May 22: The Reserve Bank of India (RBI) on Friday reduced repo rate by 40 basis points to 4 per cent in an effort to further boost liquidity in the economy which has been reeling under the impact of COVID-19 induced countrywide lockdown.

As a result, the reverse repo rate stands at 3.35 per cent, said RBI Governor Shaktikanta Das. The six-member monetary policy committee (MPC) voted 5:1 in favour of the decision.

Repo rate is the rate at which a country's central bank lends money to commercial banks, and the reverse repo rate is the rate at which it borrows from them. 

Udupi, Apr 25: Senior RSS leader H Somashekhar Bhatt received a call from Prime Minister Narendra Modi on Saturday enquiring about his health.

Bhatt got emotional hearing the Prime Minister's voice at the other end, family sources said.

The Prime Minister called at 8.30 AM and began the conversation with 'Somashekharji' and spoke for about six minutes.

The 85-year-old veteran recalled how the Jana Sangh came to power in Udupi municipality under the leadership of V S Acharya in 1968 and about his association with the Sangh Parivar through the decades and his imprisonment during the Emergency.

Bhatt, former Udupi municipality president, later said it was a rare honour for him.

"I am very glad that PM Modi called and spoke to me. I shared the experience of meeting him at the Jaipur session.

Asked to take care of health and expressed concern," he said.

The Prime Minister has been calling senior functionaries of the party who worked for the Sangh Parivar in the time of adversities to build up the BJP in its present form and seeking advice from them.

He had also called in recent days former MLA Ram Bhat who was elected from Puttur in Dakshina Kannada and D H Shankar Murthy, who was former chairman of the state legislative council, BJP state president Nalin Kumar Kateel tweeted.

Bengaluru, Apr 25: Karnataka Health Minister B Sriramulu on Saturday initiated Phase I clinical trials to use plasma therapy for COVID-19 patients at city-based BMC Victoria Hospital.

Sriramulu was accompanied by Medical Education Minister Dr K Sudhakar.

"Karnataka has taken a lead role as we initiate Phase I clinical trials to use Convalescent Plasma Therapy for severe COVID-19 infected patients. BMC Victoria hospital took the first step today. We are determined to vanquish this enemy of mankind," Sriramulu said in a tweet.

"I wish our team of doctors at BMC Victoria hospital and team led by Dr US Vishal Rao a great success. This will be a torchbearer in our fight against Corona," he said in another tweet.

According to the Ministry of Health and Family Welfare, the state has so far reported 474 confirmed cases of COVID-19 which include 152 discharged or cured patients and 18 deaths.