Policy balance
The recent appointment of Sanjay Malhotra as Governor of the Reserve Bank of India (RBI), replacing Shaktikanta Das, signals a pivotal shift in India’s monetary policy dynamics.
Prime Minister Narendra Modi on Tuesday claimed that India has done much than other countries and timely decisions have helped in containing the virus.
“When India’s fight against COVID-19 will be analysed in future, this time will be remembered for how we worked together and served as an example of cooperative federalism.,” said PM Modi.
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“2 weeks have passed since Unlock 1, our experience during this time could be beneficial for us in future. Today I will get to know ground reality from you, your suggestions will help in chalking out future strategy,” he said in the meeting with the Chief Ministers of 21 states and Union Territories.
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He further added that in last few weeks, thousands of Indians returned to India from abroad and hundreds of migrant workers reached their home towns. Almost all modes of transport have resumed operations, still COVID-19 impact has not been that huge in India as in other parts of world.”
Interacting with Chief Ministers on Covid-19. https://t.co/BBPkxL466O
— Narendra Modi (@narendramodi) June 16, 2020
As of now, India has reported 3,43,091 cases of the deadly coronavirus. Over the last 24 hours, the country witnessed 10,667 cases of the virus with 380 deaths.
The overall number of deaths is at 380.
The Prime Minister is set to meet the Chief Ministers of the 15 worst-affected states. These states include Maharashtra, Tamil Nadu, Delhi and Gujarat.
The 21 states and Union Territories whose CMs are attending the meeting today accounts only 5 per cent of the total cases in the country.
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