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Modi to declare Financial Emergency


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PM will address the nation tonight at 8 pm... Everyone expected he will declare Financial Emergency in the country as per Article 360...

Aiming to fight CORONA...

Article 360 states that if the President is satisfied that a situation has arisen whereby the financial stability or the credit of India or any part thereof is threatened, the President may declare a state of financial emergency.
During the period such Proclamation is in operation, the executive authority of the Union extends to the giving of directions to any State to observe such canons of financial propriety as may be specified in the directions, any such directions may also include:
A provision required the reduction of salaries and allowances of all or any class of person serving a State or the Union.

Next two months are going be critical...

This is vaastvam....

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BJP in failed to assess the Coronavirus impact... Govt could have respond immediately when first case arised in Kerala in December.... unfortunately, at that time BJP is busy in getting CAA passed in Parliament. 

Now, they are experiencing the realty....

 

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1 hour ago, Godavari said:

Sitaraman announced now no thought s of financial emergency...she is still in live

No she didn't said that... Stimulus will be sooner than later ani annadhi... Very soon annadhi ... Probably to night ankunta..

 

Long pending... already Market eroded by 40% from a peak of 42k to 26k... even repo cut gurinchi kuda inni days news ledhu... very strange and lazy... Better late than never...

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59 minutes ago, Venu_NTR said:

No she didn't said that... Stimulus will be sooner than later ani annadhi... Very soon annadhi ... Probably to night ankunta..

 

Long pending... already Market eroded by 40% from a peak of 42k to 26k... even repo cut gurinchi kuda inni days news ledhu... very strange and lazy... Better late than never...

No move to impose financial emergency as was claimed by some reports: FM

 

 

https://www.livemint.com/news/india/nirmala-sitharaman-live-announcements-on-compliance-issues-amid-coronavirus-lockdown-11585034625270.html

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