PM Modi holds Cabinet meet to discuss strategies to attract foreign investments post COVID

Prime Minister Narendra Modi on Thursday held a meeting with Cabinet to discuss strategies to attract foreign investments post COVID-19 crisis in an attempt to boost ecomy. Prime Minister directed that action should be taken for a more proactive approach to handhold investors, to look into ir problems, and to help m get all necessary clearances from state and Centre as well. 

meeting on Thursday also discussed that a scheme should be developed to promote more plug and play infrastructure in existing industrial lands, plots and estates in country and provide necessary financing support. meeting comes three days before second lockdown is schedule to end. Central government has hinted at ease in restrictions across country after May 3. Home Ministry has also allowed reopening of n-essential shops across country. 

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COVID crisis in India

Health Ministry on Thursday informed that in last 24 hours, 1,718 new cases of COVID-19 have been reported across India, taking total number of cases to 33,050 while 33,651 people under active medical supervision. "630 patients have also been cured, taking total case recoveries to 8,324. recovery rate is w 25.19%, which was 13.06% 14 days ago; and we are observing a progressive recovery rate," official said.

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Health Ministry also gave a breakup of death demography in country. fatality rate of COVID-19 stands at 3.2%. Aggarwal said that comorbidities were found in COVID-19 patients in 78% of deaths. Comorbidities are those pre-existing illnesses a patient already (like diabetes, hypertension) has before contracting a new one.

ministry also added that India's COVID-19 doubling rate has w increased to 11 days and many states are performing better in this regard. Doubling rate is number of days in which number of cases doubles; an important metric to track trajectory of viral spread.

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