PM Modi Plans To Impose Financial Emergency In India Is False

Delhi: Amidst the Coronavirus pandemic that has gripped the nation resulting in lockdown of more than half of the states of India, several fake news are being floated in order to create panic in the people. One such report was published on a website named inventiva.co.in claiming that Prime Minister Narendra Modi is likely to announce Emergency in India under Article 360 -  Financial Emergency, which has been refuted by the Government of India.

The unfounded article is being widely circulated at social media platforms. Citing several challenges India is facing at the economic front, the article says “if no steps would be of any help to control the economy, Narendra Modi would have no option but to impose the financial emergency in India under Article 360 and the country would go in its worst and most dreaded recession of all times.”

ABP News’ sources rejected the report as fake and said that there is no plan to impose any financial emergency .

Later o, even the Press Information Bureau (PIB) rejected the claim and tweeted: "An online website has falsely reported that the Government is likely to impose Financial Emergency in India to tackle the crisis caused by Covid-19. Please be advised that the story is malicious and fake and that there is no such plan."