InvestorQ : What are the implications for the market of the fresh lockdown imposed in the state of Maharashtra?
Deepa Salunkhe made post

What are the implications for the market of the fresh lockdown imposed in the state of Maharashtra?

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Arya Nanda answered.
3 months ago
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You are right that the CM, Mr. Udhav Thackeray did announce a total lockdown for 15 days till 30 April with some minor concessions for daily needs. The 15-day curfew will only permit essential services like food, dairy and medical joints to remain open. Simultaneously, the state has also announced a relief package of Rs.5,400 crore to alleviate the pain of such a lockdown, especially since the hardest hit are the economically vulnerable sections.

The decision was not surprising considering that total active cases in the state of Maharashtra crossed 5 lakhs and the existing health infrastructure was struggling to keep pace with the rising needs for medical support. During this lockdown, banks, stock exchanges, ecommerce outfits, utilities and cargo services will continue as usual. They will allow staggered operations for groceries, dairy etc. Only essential travel will be permitted.

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