Big Breking P.M Modi Gives His Speech Tuesday 14th April After Complete First half of ""LOCK DOWN"

P.M  Narendra Modi ADDRESSING TO THE NATION OF FIRST LAP OF  LOCK DOWN

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With the coronavirus lockdown coming to an end on 15 April, Prime Minister Narendra Modi will address the nation at 10 am on Tuesday, 14 April.

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Prime Minister @narendramodi will address the nation at 10 AM on 14th April 2020.

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2:19 PM - Apr 13, 2020

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The address would come days after he held a meeting with chief ministers of states, wherein there was a 'consensus' to extend the lockdown by another two weeks.

However, this extended lockdown is likely to come with several relaxations for certain sectors, in view of the economic turmoil that the country has endured.

The prime minister had announced a complete national lockdown for 21 days on 24 March, asserting that it is a necessary step to prevent the spread of coronavirus in India.

Prime Minister Narendra Modi.

With the coronavirus lockdown coming to an end on 15 April, Prime Minister Narendra Modi will address the nation at 10 am on Tuesday, 14 April.

The address would come days after he held a meeting with chief ministers of states, wherein there was a 'consensus' to extend the lockdown by another two weeks.

However, this extended lockdown is likely to come with several relaxations for certain sectors, in view of the economic turmoil that the country has endured.

The prime minister had announced a complete national lockdown for 21 days on 24 March, asserting that it is a necessary step to prevent the spread of coronavirus in India

Source(ABP News)

                 Prime Minister tomorrow's speech will reveal what significant beginning he will give to the countrymen, already small industries, medium industries, besides living the organized and almost unorganized workers of the country.

   ****British brokerage firm Barclays reports on Wednesday (March 25th). India is going to announce at least one and a half crore crore relief projects to tackle the Corona virus. Barclays said talks were underway between the country's prime minister's office, the finance ministry and the Reserve Bank.

The Barclays survey says there will be a four-week lockdown in India. Partial lockdown will continue for about eight weeks. That is, it will have an effect almost immediately during the first quarter of the fiscal year 2023-27. This year, the growth rate is 2.5 percen

Indian industry has urged the government to provide relief measures in wake of the rapidly spreading Covid-19 pandemic that has derailed the economy.

India’s gross domestic product (GDP) growth could fall below 5% in fiscal year 2021 (FY21), if policy action is not taken urgently, according to the Confederation of Indian Industry (CII).

Growth in the third quarter (October-December) slowed down to 4.7% and the impact of the Covid-19 outbreak is likely to pull it down further in the fourth quarter, said the industry body.

“Fiscal and monetary stimulus measures need to be announced urgently," said Chandrajit Banerjee, director general at CII.

"On Thursday, Prime Minister Narendra Modi had announced the formation of an econom"""rtask force to help cope with the impact of the outbreak, which has not only disrupted supply chains from overseas, but is also now threatening to impact domestic production, as quarantine measures have restricted the movement of workers".

CII said the government should consider providing a strong fiscal stimulus to the extent of 1% of GDP, or ₹2 trillion, to the poor, which would help them financially and also spur consumer demand. It has also suggested removing a long-term capital gains tax of 10% and fixing the total dividend distribution tax at 25%.

The industry body has also urged the Reserve Bank of India (RBI) to undertake an immediate repo rate reduction of 50 basis points along with a 50 basis points reduction in cash reserve ratio to ensure sufficient liquidity and cheaper funds.

CII also urged the central bank to consider relaxing the non-performing asset recognition norms from 90 days to 180 days till 30 September.

In this situation In this situation, the status of yesterday's lock down as well as how these small, medium, organized and unorganized workers, employees will be addressed so tomorrow's *** Important ***