Daily News Monitor: 22 May 2020

HEADLINES:

1. Reliance Jio raises more money, now gets Rs 11,367 crore from KKR; total stake sale reaches this much

2. Amazon forays into food delivery, sets up direct fight with Swiggy, Zomato

3. RBI cuts repo rate by 40 bps; extends loan moratorium till August

4. India becomes world's second-largest manufacturer of PPE body coveralls in two months: Govt

5. Repatriation flights on May 22: Daily updates on arrivals, departures under Vande Bharat Mission

6. Domestic flights to resume from 25 May: Govt can dictate fare capping to private airlines only if it provides discounts on fuel, other charges

7. Govt allows banks to buy securities of low-rated NBFCs under PCGS 2.0

8. Post-package meet: Credit flow, NBFCs top FM, bankers’ agenda

Click here for news summary