Govt likely to unveil $20 billion-plus stimulus package to tackle coronavirus downturn: Report

To fight the economic downturn amidst coronavirus pandemic, India is likely to introduce an economic stimulus package of more than Rs 1.5 lakh crore ($19.6 billion), said two sources familiar with the matter. The government has not yet finalised the package and discussions are ongoing between PM Modi’s office, the finance ministry, and Reserve Bank […]

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Should RBI get search, surveillance powers?

The recent problems in the financial sector, including the latest action against Yes Bank, have triggered discussions in official circles over the need to provide surveillance and search powers to regulators, including the Reserve Bank of India (RBI), which currently limits its role to supervising and inspecting banks and finance companies under its remit.

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