RBI Chief’s Media Address At 10 am After Centre Declares COVID-19 Relief

RBI chief Shanktikanta Das will adress the reporters this morning. (File)

New Delhi:

RBI chief Shaktikanta Das will handle media at 10 am, the central financial institution has tweeted, as financial uncertainty prevails amid nationwide lockdown over coronavirus pandemic. The RBI governor’s handle comes a day after the central authorities introduced Rs 1.75-lakh-crore stimulus package deal to assist the poor and migrants sort out the monetary difficulties arising from the coronavirus (COVID-19) outbreak.

The media handle might be broadcast stay on totally different social media channels, together with Fb, Twitter, learn the tweet. 

“Watch out for RBI Governor @DasShaktikanta address to the media live at 10:00 am today (March 27, 2020) #rbitoday #rbigovernor YouTube: Twitter: @RBI @RBIsays,” learn the submit.

On Thursday, Finance Minister Nirmala Sitharaman unveiled a Rs 1.75 lakh-crore fiscal stimulus package deal because the variety of COVID-19 instances proceed to rise sharply throughout the nation. Her announcement got here as 21-day nationwide lockdown started on Wednesday to curb the unfold of extremely contagious sickness. 

“No one will go hungry”, the Finance Minister mentioned, asserting reduction below the Rs 1,75,000-crore package deal, dubbed as “Prime Minister Gareeb Kalyan scheme”. The central authorities’s instant focus, she mentioned, is on assuaging the hardships of the migrant employees, city and rural poor. The reduction measures embrace direct money transfers (below the DBT or Direct Profit Switch scheme) and meals security-related steps aimed toward giving reduction to the poor employees hit by the countrywide lockdown.

The federal government also announced a special Rs 50 lakh medical insurance cover to the frontline employees toiling to avert the disaster. “With a deep sense of gratitude, I announce that all medical staff, Aasha workers, paramedics, doctors and nurses, will get this insurance,” Ms Sitharaman mentioned, quoting Prime Minister Narendra Modi’s reference to them as “Gods in white”.

India recorded highest leap in COVID-19 instances on Thursday with 88 fresh cases reported from different parts of the country. The whole is now 694, together with 16 individuals who died. 

Over the previous few weeks, aviation sector has been hit, world inventory markets have been unstable amid financial uncertainty overt the pandemic. 

Worldwide flights will stay banned until April 14, the federal government mentioned on Thursday; home flights have been banned until March 31.

The virus, which originated in China’s Wuhan district in December, has taken greater than 18,000 lives and contaminated over four lakh

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