Before the end of second phase of nationwide lockdown, PM Modi interacted with Chief Ministers of all the states through video conferencing to discuss about the COVID-19 pandemic and formulate a good exit plan.
While the suggestions of many states regarding the extension of lockdown after 3 May have been in the news, PM Modi lauded the efforts of the states for containing the deadly disease and hinted towards the extension with some relaxation and also emphasized on battling the economic depression which India is going to face because of the lockdown.
The virtual meeting took place today at 10 am while PM would be addressing the nation again before the lockdown ends on 3 May.
At 10 AM, Shri @narendramodi will be interacting with state Chief Ministers via video conferencing. They will be discussing aspects relating to the COVID-19 situation.
— PMO India (@PMOIndia) April 27, 2020
Meanwhile to ease the pressure on banks and mutual funds, Reserve Bank of India has made a well-calculated move of sanctioning INR 50,000 crore of liquidity facility.
The liquidity facility for the mutual fund will be effective till 11 may or till the reserved amount gets over, whichever is earlier. Under this step, RBI will be providing the funds to the banks at lower rates to meet their needs.
RBI Announces ₹ 50,000 crore Special Liquidity Facility for Mutual Funds (SLF-MF)https://t.co/Kq15TPFulr
— ReserveBankOfIndia (@RBI) April 27, 2020
