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.