Daily briefing: Nirmala Sitharaman interview, increase in Chinese patrol boats, and more

Written by Leela Prasad
| New Delhi |

Updated: May 20, 2020 9:36:46 am





A look at the top news today, May 20, 2020.

Dear Readers,

A major chunk of last week’s news coverage was spent on the Rs 20 lakh crore economic package that was released in five tranches, and the level of criticism it attracted as the fiscal burden was, in fact, 1.1 per cent of GDP. When this came up in an interview with The Indian Express, Finance Minister Nirmala Sitharaman said her ministry has not “hid anything from the public”. She also spoke about deficit monetisation and how her job doesn’t end with these announcements.

* It appears the Chinese Army isn’t so keen on maintaining social distancing near Pangong Tso, a lake in eastern Ladakh. It was only two weeks ago that Indian and Chinese troops came to blows and IAF fighter jets took to the air. Now, the Chinese have stepped up patrols and deployed more boats on the lake. In New Delhi, however, Army officers maintained that the incidents are “typical LAC activity”.

* An experimental vaccine by a US biotech company has shown promising results, albeit in eight patients. But why the announcement has sent the US stock markets soaring is because it also showed no major safety worries. We take a look at what the vaccine…

Continue Reading This Article At The Indian Express

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