Countries around the world declare cash assistance to citizens to fight Corona

Washington, Ta. March 19, 2020 Thursday

Industrial production has stalled in many countries due to lockout conditions in countries such as China, the United States and Italy. In addition to the risk of life on people, the economic crisis has also been a problem.

At this time the United States, Singapore, Hong Kong have announced direct cash assistance to the citizens. However, no financial assistance has been announced for citizens in India in this way.

US $ 5.7 Aid

President Donald Trump announces a $ 1.2 million monthly plan for citizens going to the polls later this year to reduce the income of people facing the Corona virus in the United States. The Trump administration has announced a package of $ 2 billion in emergency grants for unemployment insurance.

Cash grants to Singaporean workers

Singapore has introduced a cash assistance plan for local workers. Under the scheme, employment of local workers will be maintained even during this time of the Corona virus, Deputy Prime Minister Hang Swee Kate said. Under the Jobs Support Scheme, local workers will be provided with up to $ 5 monthly. Singapore will announce a $ 6.5 billion package in July of this year, benefiting 1.8 million employees.

Hong Kong $ 5 Gift

Hong Kong plans to provide US $ 6,000 to its citizens to provide assistance to citizens in financial crisis. Hong Kong has announced its US $ 6.7 package, which will benefit more than 3 million people. Permanent residents over the age of 6 in Hong Kong will be eligible for this assistance. Hong Kong has announced a $ 3 billion concession package to reduce the effects of Corona on the economy.

Businesses in Germany $ 1.8 billion

In addition to assisting citizens, European countries have also announced relief to companies facing economic crises due to corona. Germany has announced a $ 1.8 billion funding for companies and businesses of all sizes. The financing will be financed through the state-owned KFW Business Development Bank. In addition, companies will be given multiple tax reliefs and will not be penalized for repayment of loans.

$ 4 billion for workers in Spain

Spanish Prime Minister Pedro Sેnchez has announced $ 2 billion in funding to protect workers and vulnerable groups of companies facing the threat of the Corona virus. The Spanish government will raise 3 billion euros while the rest will be funded by private companies.

France's 4 billion aid package

France has announced a $ 2 billion aid package for small companies. In addition, he has announced billions of dollars in support for unemployed workers who are forced to close shops and restaurants because of Corona.

The UK's 1.8 billion emergency fund

Britain's newly appointed councilor Rishi Sunak has announced a $ 1.8 billion emergency financial package to combat the Corona virus.

This financial package will provide relief to workers facing the Corona virus in the retail and hospitality industry.