India proposes emergency fund to combat coronavirus

india propose regional fund

To fight the coronavirus outbreak and prevent it from the further spread, India has proposed setting up of an emergency fund. New Delhi has said that it will be contributing $10 million to start off the fund.

About the emergency fund, Indian Prime Minister, Narendra Modi said: “Any of us can use the fund to meet the cost of immediate actions.” He further added that India would also offer rapid response teams and other expertise to deal with the crisis.

Currently, there are less than 150 cases reported in countries comprising the South Asian Association for Regional Cooperation (SAARC), but the situation ahead is uncertain. “This is why it would be most valuable for all of us to share our perspectives,” Modi told the SAARC leaders.

On Sunday, India’s health ministry reported that the number of confirmed coronavirus cases had increased to 107. A state health official said: “The number could go up as we are waiting for test reports of people who were in close contact with patients who have tested positive.”

To contain the further spread of the virus, most of the states in the country have shut down schools, colleges, and malls. Also, it has already suspended most visas to the country and shut many land borders with the neighboring countries.