KEY HIGHLIGHTS
Watch: India Under Complete Lockdown For 21 Days
India has been placed under a strict lockdown for 21 days to ensure that people do not venture out amid the coronavirus outbreak.
“This is in effect a curfew across the nation,” Modi said in an address to the nation earlier. “Nobody will be allowed to leave their houses starting tonight.”
Modi urged people to stay put where they are. He said if India fails to observe the lockdown for 21 days, the country will be setback by 21 years.
For 21 days, forget what going out means.Prime Minister Narendra Modi
Watch the full speech here.
Finance Ministry Asks States To Allow Bank Staff To Travel
The Finance Ministry has told state governments that bank staff, including employees of ATM and cash management companies, should be allowed to travel and continue their operations, despite the lockdown across the country.
The Government has notified that banks and ATM services are essential services under the present lockdown situation due to the coronavirus. It has asked state governments to ensure that employees continue performing their functions as normal without hindrances.
Bank, ATM and cash management services will all continue to function during the period of the 21-day lockdown.
Also Read: Coronavirus Outbreak: Government Tells States To Ensure Bank, ATM Firm Employees Can Work Freely
India Lockdown: What Will Stay Open And What Will Not
The Union Ministry of Home Affairs has issued guidelines for the 21-day India lockdown announced by Prime Minister Narendra Modi today.
What Will Stay Open
- Hospitals, nursing homes, police, fire stations, ATMs will continue to work.
- Shops dealing with food, groceries, fruits, vegetables, dairy, meat, fish, animal fodder will remain open.
- Banks, insurance offices, print and electronic media to remain open.
- E-commerce delivery of essential goods like food, pharmaceuticals and medical equipment.
- Petrol pumps, LPG and gas retail outlets.
- Capital and debt markets notified by SEBI.
- Cold storage and warehouses.
- Telecom, internet, broadcast and cable services.
What Will Not Be Open
- All transport services including air, rail and roadways will be suspended.
- Industries not involved in manufacturing or production of essential commodities.
- All hospitality services to be suspended except those accomodating tourists and persons stranded due to lockdown, medical and emergency staff or those which are being used for quarantine.
- All places of worship.
- All social, political, sports, entertainment, cultural gatherings will be barred.
- All educational, training and research institutions will be closed.
Soon After Modi's Speech, People Rush Out To Buy Before Midnight
People rushed out of their homes in scores to stock up on supplies soon after Prime Minister Narendra Modi announced a 21-day complete lockdown in India.
Watch | Economic Impact Of The 21-Day Nationwide Lockdown
Here’s what experts said about the economic impact of the 21-day lockdown.
Abheek Barua, Chief Economist, HDFC Bank
- Economic efforts have to start by putting money in the hands of the people who are going to be impacted the most.
- The government should prevent the economy from going below the stall speed and ensure that we return to reasonable growth once lockdown lifts.
- We will need very aggressive fiscal and monetary policy measures to ensure we return to acceptable growth levels.
- India's robust digital banking system can be used to target relief at weaker sections.
- The current situation goes beyond the established playbook for dealing with such crises.
MS Unnikrishnan, MD & CEO, Thermax
- For India's $3 trillion economy, every day of lockdown is a $10 billion GDP loss.
- The GDP loss from the lockdown will be a small price to pay for the safety of citizens.
- It will take minimum of 2 years for India to come out from the economic impact of the national lockdown of 21 days.
- Need an economic package like the ones being discussed in the U.S.
- Have to use the public distribution system to ensure people have the basic necessities.
- Getting industry out of the ICU will take more than six months.
Niranjan Hiranandani, MD, Hiranandani Group
- We have requested the government to use Rs 25,000 crore of labour cess to support workers.
- Insolvency and Bankruptcy Code needs to be suspended completely. Today's move to raise the threshold to Rs 1 crore won't be sufficient.
- No further notices related to IBC should be sent in the next six months.
- Expecting much more from the Finance Ministry, especially with respect to GST payments.
- RBI should do a one-time restructuring for all loans which fall due on March 31.
Long But Significant Lockdown: PM Modi
PM Modi said that the lockdown of 21 days is long, but is significant to save lives.
Do Not Take Any Medicine Without Doctor's Advice: PM Modi
PM Modi urged citizens to not take any medication without consulting a doctor first.
Allocation Of Rs 15,000 Crore For Health Infrastructure
PM Modi said that the government is allocating Rs 15,000 crore towards improving health infrastructure in the country.
This will go towards testing facilities, personal protective equipment, isolation beds, ICU beds and ventilators.
Efforts On To Keep Essential Supplies Available: PM Modi
PM Modi has said that the government is making all efforts to ensure that essential goods and services are available during the lockdown period.
PM Modi's Plea To Indians
Do not leave your homes. No matter what happens, stay at home.Prime Minister Narendra Modi
Even Countries With Best Healthcare Systems Are Struggling: PM Modi
Prime Minister Narendra Modi that even countries like U.S., U.K. and European countries, which have the best-in-class healthcare, are struggling to contain the virus.
Covid-19 patients unknowingly transmit the disease to others in the early days, Modi said. A single patient can infect hundreds of others in a matter of 10 days, he said.
Modi Turns Coronavirus Into An Acronym
Modi Emphasises Social Distancing Is Absolutely Necessary
PM Modi has said that the only effective way to fight coronavirus is through social distancing.
Some under the misapprehension that social distancing needed only for those who are ill. Social distancing needs to be observed by every single person.Prime Minister Narendra Modi
Sunday's Janta Curfew An Achievement: Modi
Prime Minister Narendra Modi said every Indian contributed with full responsibility to the self-imposed janta curfew on Sunday. “Indians showed how they can come together to fight a crisis.”
Prime Minister To Address The Nation Tonight
With India under lockdown due to the rising number of Covid-19 cases, Prime Minister Narendra Modi will address the nation at 8:00 pm today—his second such speech in less than a week.
Thirty-two out of 36 states and union territories in India have imposed a complete lockdown to deal with the coronavirus pandemic. The central government has also advised states and union territories to impose curfews in the needed areas as people continue to venture out.
Total confirmed cases in India have risen to 519, with ten deaths.
In his first address, Modi urged citizens to observe a self-imposed ‘Janta Curfew’ on Sunday. He also urged them to come out to their windows and balconies and clap to show their appreciation for the workers engaged in essential services like health.
Modi had also said that an economic task force will be set up under Finance Minister Nirmala Sitharaman which will decide on appropriate steps to mitigate the impact of the outbreak. Earlier in the day, Sitharaman unveiled a series of regulatory and compliance measures that would help in easing the burden on the industry.
You can follow Modi’s speech live here:
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