PM Modi announces economic response task force
Prime Minister Narendra Modi on Thursday (March 22) announced the formation of COVID-19 Economic Response Task Force under the leadership of the Finance Minister to comprehensively look at ways to boost the economy.
"In view of the economic challenges posed by coronavirus pandemic, the government has decided to set up a Covid-19 Economic Response Task Force under Finance Minister," Modi said, adding this task force will decide on steps to be taken to overcome economic hardships.
The prime minister also appealed to the trading community as well as the affluent to look after the interest of their employees and not penalise them for being unable to attend work due to travel and other restrictions.
Notably, sectors ranging from tourism to aviation to certain segments have been battered as countries closed borders, restricted air travel and industries went into emergency lockdowns. While the aviation industry has been hit hard by the suspension of flights on certain sectors and travels bans, hotels and tourism sector has suffered due to cancellations.
In his address to the nation, PM Modi urged people that they should not cut the wages of those working in their homes as support staff, drivers, and gardeners because they also their family to look after.
He also asked people not to indulge in panic buying, because the country has enough food and ration supplies. Asking people to sacrifice "some weeks of yours, some time of yours", PM Modi said, while adding that coronavirus has no cure yet, the only way to stay safe is to stay indoors.