New Delhi. The second wave of Corona virus continues to wreak havoc in India. Many states have a situation like lockdown or lockdown. In view of this, Reserve Bank of India Governor Shaktikanta Das is going to make an important address today.
Konomy is under threat again due to the lockdown and corona crisis. In such a situation, this address of Shaktikanta Das is very important. Economic activities have been halted due to the lockdown being implemented at the state level to prevent corona.
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It is noteworthy that the new form of Corona is causing great devastation in the country. There are over 3.50 lakh new cases of corona in India every day. In the past one day, there have been 3,82,691 new cases of corona in the country.
RBI had tweeted saying, ‘RBI Governor will address the media at 10 am local time’. Last year the lockdown was proved to be very detrimental to the economy. In the pre-quarter fiscal year of April 2020, there was a steep decline of around 24 per cent in GDP.
Its next quarter GDP was also negative. The economy technically reached a recession due to a fall in GDP for two consecutive quarters.
At that time the Central Government had given a package of 20 lakh crore rupees, the Reserve Bank had also made several arrangements to infuse cash into the system. Moratorium was provided on loan to provide relief to common people.
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