Narendra Damodardas Modi (born 17 September 1950) is an Indian politician serving as the 14th and current Prime Minister of India since 2014. He was the Chief Minister of Gujarat from 2001 to 2014 and is the Member of Parliament for Varanasi. Modi is a member of the Bharatiya Janata Party (BJP) and of the Rashtriya Swayamsevak Sangh (RSS), a Hindu nationalist volunteer organisation. He is the first prime minister outside of the Indian National Congress to win two consecutive terms with a full majority and the second to complete five years in office after Atal Bihari Vajpayee.
Moody's says lockdown to hurt Indian asset-backed securities performance
The three-week nationwide lockdown in India will hit the performance of commercial vehicles category and small businesses in asset-backed securities, Moody's Investors Service said on Monday.
Among asset-backed securities (ABS) in India, Moody's rates commercial vehicles and small and medium (SME) loans the most, it said.
Prime Minister Narendra Modi had last week announced a nationwide curfew for 21 days, beginning March 25 to contain the spread of coronavirus.
State borders were sealed and transportation--road, rail, air--was banned, excluding movement of essential goods. While the step was taken to break the chain of pandemic spread, the lockdown in India is expected to significantly impact economic activity.
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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