Shaktikanta Das, Governor of the Reserve Bank of I... moreShaktikanta Das, Governor of the Reserve Bank of India, commented on the impact of the Covid-19 pandemic on the Indian economy.
Delivering the keynote address at the 7th State Bank of India Banking and Economics Conclave, Das said that the Indian economy was showing signs of returning to normalcy as gradual easing of restrictions took place. Listing the central bank's efforts to boost recovery, he said that liquidity measures by RBI amounted to ₹9.57 lakh crore, or 4.7% of the 2019-20 nominal GDP.
Inside the Dystopian, Post-Lockdown World of WuhanThen, just as people were beginning to venture outside more -- with social distancing and temperature checks a new regular fixture -- the sudden emergence of a new cluster of infections in May once again put the city on edge. Restrictions returned, and the local government tested the entire population of 11 million in just two weeks.
Prime Minister Narendra Modi’s government cleared a plan this week to build inexpensive rental dwellings in cities for 350,000 workers.Giving rural migrants an incentive to return is crucial to restoring economic activity to pre-Covid levels. But there’s an opportunity here to do much more.
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