PM Narendra Modi’s exhortation to chief ministers to accord priority to the economy while fighting Covid-19 must be followed up with a clear post-lockdown exit strategy. Modi government and CMs must also jointly draft a clear roadmap, especially because the Centre and the states worked at cross-purposes in recent weeks.
RBI mutual fund move is just the intervention economy needs. It must be prepared to open its vault
RBI’s provision of a Rs 50,000 crore special liquidity window for mutual funds will soothe retail investors rattled by the closure of Franklin Templeton’s debt schemes. This could be the first of such interventions the economy needs in the coming months. RBI must be prepared to throw open its vault.
The daily 50 WORD EDIT, with commentary on everything under the sun, shows the knowledge and expertise available within the PRINT TEAM.
Would it not be nice if all that is put to use for creating a sustainable model for opening up say the neighborhood shop providing fruits, vegetables and other daily needs.
1. Start with motivating the the produces and imagine his problems of finance, labor and transport suggesting solutions,
2.Once the produce is in hand it will have to become part of a supply chain so it reaches the market and to the end user.
3. Value of the good is only realized when the end user pays for it, but the money is required from the motivation stage.
The skill of the team will lie in SOLVING THAT PROBLEM.