Views 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. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.