Background India has announced a five tranche fiscal package focusing on MSMEs, NBFCs, power sector, and farmers & migrants titled ‘Atmanirbhar Bharat’. However, India’s fiscal package of Rs. 12 Lakh
Tag: Stimulus Package
Reactions to COVID-19 by various economiesReactions to COVID-19 by various economies
According to the IMF’s April 2020 World Economic Outlook, the global economy is set to contract by 3%. Within this subset, advanced economies are expected to contract by 6.1% while
NBFC crisis and the measures announced through Atmanirbhar BharatNBFC crisis and the measures announced through Atmanirbhar Bharat
I. Background The crisis in the Non-Banking Financial Companies (NBFC) sector has been in the making for the past couple of years. While a series of default by well rated