Violent clashes erupted in Venezuela between armed forces and Juan Guaido’s supporters and America claimed President Maduro was ready to escape to Cuba.
IMF expects hyper-inflation in Venezuela to hit 10 million per cent in 2019, nearly 10 times more than the 1.37 million per cent inflation rate predicted for 2018.
Venezuela is in economic turmoil, and US-backed opposition leader Juan Guaido has declared himself president after protests against incumbent Nicolas Maduro.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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