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There is a possibility of a financial emergency being declared in India.

Varun

India

Jul 22, 2020 7:14:00 PM

The claim was dismissed by Finance Minister Nirmala Sitharaman that there is no plan to declare a financial emergency in India.

The claim was dismissed by Finance Minister Nirmala Sitharaman that there is no plan to declare a financial emergency in India.An article claiming that Prime Minister Narendra Modi was likely to declare a financial emergency in India went viral on social media.

The Finance Minister Nirmala Sitharaman refuted the claim during her press conference conducted on March 24, 2020, when she announced some financial measures to overcome the COVID-19 crisis and its economic repercussions on citizens.

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There is a possibility of a financial emergency being declared in India.

Reference links

The Economic Times

Business Standard

The Times of India

Have a question or correction on one of our fact-checks?

Fact Check of the Day

An online website has falsely reported that the Indian Government is likely to impose Financial Emergency in India to tackle the crisis caused by Covid-19.

Paytm has claimed that its customers have been defrauded by the phishing activities over the mobile networks and it has caused the financial and reputational loss, for which the company has sought dam

The Punjab National Bank (PNB) has changed its ATM withdrawal rules

India has a universal healthcare system.

Withdrawals three times in a month will be free but after that, a withdrawal transaction charge will be levied for a loan account.

PM Modi to replace finance minister Nirmala Sitharaman with an economist or a banker.

The Bihar BJP manifesto promises a free COVID-19 vaccine.

Vijay Mallya said the government of India paid 35000 cr bailout for Air India.

A task force identified Rs 102 lakh crore worth of projects after conducting 70 stakeholder consultations in a short period of four months, Nirmala Sitharaman, the Finance Minister said.

Dawood Ibrahim has died of COVID-19.

West Bengal BJP president Dilip Ghosh said that Mamata Banerji is unhappy with the central package as the money will reach directly to the beneficiaries.

The FDRI bill empowered the bank to cancel a liability owed by the bank or change the form of an existing liability to another security.

Contact us

Fact Check with Logically.

There is a possibility of a financial emergency being declared in India.

Reference links

The Economic Times

Business Standard

The Times of India

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Have a question or correction on one of our fact-checks?

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Fact Check of the Day

Related fact checks

An online website has falsely reported that the Indian Government is likely to impose Financial Emergency in India to tackle the crisis caused by Covid-19.

Paytm has claimed that its customers have been defrauded by the phishing activities over the mobile networks and it has caused the financial and reputational loss, for which the company has sought dam

The Punjab National Bank (PNB) has changed its ATM withdrawal rules

India has a universal healthcare system.

Withdrawals three times in a month will be free but after that, a withdrawal transaction charge will be levied for a loan account.

PM Modi to replace finance minister Nirmala Sitharaman with an economist or a banker.

The Bihar BJP manifesto promises a free COVID-19 vaccine.

Vijay Mallya said the government of India paid 35000 cr bailout for Air India.

A task force identified Rs 102 lakh crore worth of projects after conducting 70 stakeholder consultations in a short period of four months, Nirmala Sitharaman, the Finance Minister said.

Dawood Ibrahim has died of COVID-19.

West Bengal BJP president Dilip Ghosh said that Mamata Banerji is unhappy with the central package as the money will reach directly to the beneficiaries.

The FDRI bill empowered the bank to cancel a liability owed by the bank or change the form of an existing liability to another security.

Contact us