During this interaction, kcr urged the prime minister to extend the Lockdown for two weeks. He also suggested that to counter economic uncertainty rbi should implement a quantitative easing policy called Helicopter money and requested release of 5% funds from GDP (Gross Domestic Product) under it. State Governments across the country are in a severe financial crunch after the Lockdown hit their finances really hard. States are not even in a position to pay salaries to the government employees. Two more weeks means more mess.
On the other side, According to the stats with the Union Ministry of health and Family Welfare, the total number of coronavirus cases are 7,447. The numbers are increasing at a brisk pace, and close to 1000 cases are being added daily.
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