Narendra Modi to address the nation at 8:00 PM. Is economic emergency inevitable?

Narendra Modi to address the nation at 8:00 PM. Is economic emergency inevitable?

Prime Minister Narendra Modi is all set to address the nation at 8:00 PM. Finance Minister Nirmala Sitharaman, on the other hand,  will be holding a press conference at 2 pm today. While there is no word on the issues that will be addressed in Prime Minister's address, Sitharaman's address will be regarding statutory and regulatory compliance matters. She informed the time of the press meet and the agenda on her twitter and also revealed that given the current situation, the central government is preparing an economic package to help the country tide over losses.

The prime minister in his tweet mentioned that in his address, he will talk on the “vital aspects relating to the menace of COVID-19”.

The total number of people in India that have tested positive are touching 500 while the death toll stands at 10. There are speculations rife that the Modi may be contemplating on imposing financial emergency in the country. 

BJP leader Subramanian Swamy had hinted that economical emergency is becoming inevitable now. He took to his Twitter on Saturday to share, "Is now declaration of Economic Emergency becoming inevitable? Govt must put doubts at rest"

Following his tweet, many people have now started to ask that in the current situation if Emergency is on the cards.  

In order to combat COVID-19 from spreading any further, 30 states and Union territories are on complete lockdown. Most companies have given work from home to their employees. The reserve bank of India is looking no less than a war room in which 90 people are keeping a close eye on the Indian economy which has never been done earlier in the entire history of the reserve bank.

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