The Ministry of Finance and the Ministry of Labor are collecting data on the loss of jobs and pay cuts during the Corona crisis. Sources in the finance ministry said that there is no restriction on banning China from the Foreign Portfolio Investor (FPI) route. Apart from this, sources in the finance ministry informed that the ministry is also eyeing the difference between sanctioning of loans and disbursement of loans by public sector banks.
Government's eye on salary cuts and employment
The lockdown is in force in the country from 25 March. Prime Minister Narendra Modi had appealed to private companies not to expel an employee during the lockdown nor to cut their salary. The government is concerned about employment and is taking every necessary step in its wake.
PM Modi called a meeting on the border dispute issue
Let us know that in the past Prime Minister Narendra Modi had discussed this issue in the Prime Minister's Office. The PM had taken a report on the Ladakh case on Tuesday, asking the three army chiefs to suggest alternatives. Apart from this, there has also been a meeting of the top commander of the Indian Army.
What is the matter?
The Line of Actual Control (LAC) between the Indo-China in eastern Ladakh has been tense between the two countries since the escalation of military activities from China for the last few days. At the same time, India is constructing roads in its border, which China is opposing.