Bengaluru: At a time when the government is trying its best to keep its citizens safe and secure, a post on social media claimed thus: "the government is hiding facts. While the government figures show over 500 till now, 50,000 people have already died in the country due to COVID-19."

The post was put up by AIMIM District President Mansoor Alam. 

As the post went viral, the Uttar Pradesh police arrested him and he is behind bars. 

The accused is a resident of Gajia in Jahagirabad area of Naini in Uttar Pradesh.

An FIR has been filed against him. 

It is lies and misinformation like this that are greater cause of worry. 

The central and state governments are working overtime to ensure the chain of transmission is broken by asking the citizens to stay indoors. 

In fact, the Prime Minister even went to the extent of folding his hands pleading the people not to venture out of houses. The speech was even televised. 

On Wednesday, finance minister Nirmala Sitharaman announced a finance package worth Rs 1.7 lakh crore to ease the burden. 

Today (March 27) RBI Governor Shaktikanta Das announced a moratorium on EMIs to be paid for availed loans, for a period of three months. 

Here are the details: 

Here is the RBI statement on the issue:

All commercial banks (including regional rural banks, small finance banks and local area banks), co-operative banks, all-India Financial Institutions, and NBFCs (including housing finance companies and micro-finance institutions) (“lending institutions”) are being permitted to allow a moratorium of three months on payment of instalments in respect of all term loans outstanding as on March 1, 2020. Accordingly, the repayment schedule and all subsequent due dates, as also the tenor for such loans, maybe shifted across the board by three months.
-RBI

RBI has also slashed rep rates.

In what can be termed a 'sizeable reduction' in the policy, repo rate of the country has been slashed it by 75 base points to 4.4%.

On the other hand, the reverse repo rate was slashed by 90 base points to 4%.

It should also be noted that Moody's Investors Service has slashed India's 2020 GDP growth projection from its earlier forecast of 5.3% to 2.5% amid the global Coronavirus pandemic.

Earlier, the Indian government had projected GDP growth at 5% in 2019-20 as compared to 6.1% in 2018-19.