New Delhi: The government and the central bank have taken several preemptive measures to deal with the economic situation arising from the novel coronavirus outbreak and will do more if necessary, principal economic advisor Sanjeev Sanyal has said.
The government has put in place several preemptive measures to ensure there is no disruption to supply chains by speeding up customs and port clearances for specific goods including active pharmaceutical ingredients, and now it will focus on ..
“We
have taken a lot of preemptive measures in terms of keeping supply
chains going...in terms of the health,” Sanyal told ET. “Now we need to
take preemptive measures to make sure that the cash flow remains.”
“We have taken a lot of preemptive measures in terms of keeping supply chains going...in terms of the health,” Sanyal told ET. “Now we need to take preemptive measures to make sure that the cash flow remains.”
There is a need to ensure liquidity and keep the cost of capital low, he said. The government also needs to ensure its own payments and tax refunds are on track, he said.
Sanyal said both the finance ministry and the Reserve Bank of India have “responded proactively”
“We have taken a lot of preemptive measures in terms of keeping supply chains going...in terms of the health,” Sanyal told ET. “Now we need to take preemptive measures to make sure that the cash flow remains.”
There is a need to ensure liquidity and keep the cost of capital low, he said. The government also needs to ensure its own payments and tax refunds are on track, he said.
Sanyal said both the finance ministry and the Reserve Bank of India have “responded proactively”
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