NEW DELHI: Finance Minister Nirmala Sitharaman on Wednesday said that the government is keeping a close watch on the impact of the infamous Coronavirus outbreak on the Indian economy.
During a meeting of the heads of the PSU banks, the Finance Minister said that the government is "closely monitoring" the impact of the deadly virus outbreak on the economy of India.
Coronavirus, which broke out in Wuhan of China, has killed over 2700 people and over 80,000 people are infected.
Force Majure clause was earlier invoked by the Finance Ministry to address the issue of contractors going in default of contract obligations on account of delays in input shipments from China on account of coronavirus. It had said, "Coronavirus should be considered as a case of natural calamity and Force Majure clause (FMC) may be invoked wherever considered appropriate following due procedure."