Such a surge in the gathering of crowds, unless tackled early, will overwhelm administrations Last week, the Union government and the Reserve Bank of India or RBI, in sync as it were, pronounced back-to-back measures to head off the challenge posed by the rapid spread of Covid-19.
While the pronouncements of finance minister Nirmala Sitharaman were essentially a social safety net to mitigate the hardships of those at the bottom of the pyramid—who have been blindsided by a spike in the disease that has taken the snuffing out of the informal economy.
RBI, on the other hand, sought to alleviate the impact of the lockdown—an effort FFto flatten the spread of Covid-19—on economic growth and ensuring financial stability.