NEW DELHI: State chief ministers, during their virtual meeting with Prime Minister Narendra Modi on Saturday, demanded a fiscal stimulus package from the Centre and more financing options to tide over the financial crunch while they fight the covid-19 outbreak. “RBI reduces the repo rate to 4.4% but the coupon rate for 15-year Kerala SLR bonds bid by the banks is 8.96%.
It is high time India Government follow the course adopted by all major economies for stimulus- borrow directly from the Central Bank and for the time ignore FRBM rules," Kerala finance minister Thomas Isaac tweeted.
West Bengal demanded that the Centre should announce a stimulus package of 6% of GDP and let industrialists in the state contribute to the chief minister’s
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