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Tracking India’s steps to contain economic fallout of the virus

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India’s government and central bank are trying to cushion an economy that was slowing even before the coronavirus outbreak. Here’s a guide to the measures announced so far MUMBAI : India’s government and central bank are trying to cushion an economy that was slowing even before the coronavirus outbreak.

Here’s a guide to the measures announced so far: For Banks: Cheaper cash: A series of steps announced this year aim to encourage banks to lend.

Measures announced by the Reserve Bank of India since early February inject cash equivalent to 3.2% of the country’s gross domestic output Banks don’t need to set aside cash reserves for loans given to small businesses between Jan.

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