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Coronavirus crisis: Baby steps so far, giant strides needed

Updated : March 30, 2020 06:51 AM IST

One big step the governments -- centre and states -- need to take is to clear all pending payments.
As Kenneth Rogoff says, we invent terms like fiscal deficit limits, CRR limits, WMA limits, NPA limits so that we have buffers for a rainy day.
Officials in state governments and in banks need to feel empowered.
Coronavirus crisis: Baby steps so far, giant strides needed

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