Analysts have started doubting if the interest rate cuts alone, beyond a point, are effective anymore when the economy is in a contraction mode, saying that the Reserve Bank of India (RBI) must look at other measures to nudge for a revival.
The government, meanwhile, will have to do much more as the economic packages announced remained inadequate to pull companies out of the slowdown pangs. “While the RBI will keep interest rates under control, it appears unwilling to take on any credit risk on its own books. In turn, the finance ministry seems unwilling to offer any ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
First Published: Sun, May 24 2020. 23:54 IST
