New Delhi: In a bid to minimise the impact of coronavirus or COVID-19 and revive the economy, the Narendra Modi-led government has started working out the possible post-lockdown scenarios but nothing has been finalised as of now. The centre is currently focusing on the issues that may come up after the 3-week lockdown ends. Also Read - UP News: 21 Fresh Coronavirus Cases in Gautam Buddh Nagar, Total Tally at 591
On March 24, Prime Minister Narendra Modi declared a countrywide lockdown till April 14, to combat the spread of coronavorus pandemic, which has claimed lives of 83 people in the country so far. Also Read - 'Govt Penalising Doctors', Delhi Medical Association Hits Out at CM Kejriwal For Warning Hospitals Over COVID-19 Crisis
Officials said that multiple options are on the table – such as redesigning some welfare and other government schemes, scholarships and fellowships given by ministries, harvesting of rabi crops and the government has started to address them one by one. Besides, there have been discussions about a package. Also Read - Procure And Stock PPE Kits, Oxygen Masks For 3 Months, Delhi Govt Directs Hospitals Amid Rise in COVID-19 Cases
If a package is announced, it would be the third major initiative by the government to tackle the challenges thrown up by the rapid spread of coronavirus.
“The aim is to revive consumption, ‘so some measures might be needed’, If a package is announced, it would be the third major initiative by the government to tackle the challenges thrown up by the rapid spread of coronavirus but nothing has been finalised yet”, a senior official told PTI.
Meanwhile, former RBI Governor Raghuram Rajan has asserted that due to the coronavirus crisis, India currently faces the greatest economic emergency since its independence.
“Economically speaking, India is faced today with perhaps its greatest emergency since Independence. The global financial crisis in 2008-09 was a massive demand shock, but our workers could still go to work, our firms were coming off years of strong growth, our financial system was largely sound, and our government finances were healthy. None of this is true today as we fight the coronavirus pandemic,” Rajan said in a note on LinkedIn.
(With agency Inputs)