Sitharaman also announced Rs 1.1 lakh crore credit guarantee scheme for improving health infrastructure as part of the stimulus package intended for economic revival.
Sound health of NBFCs is vital because they form backbone of Indian economy in lending to wide range of borrowers from small merchants to business giants.
There have been around 5 downgrades for one upgrade of rupee debt of Indian firms since 1 July, compared to ratio of almost 11 to one in first quarter.
Doubts over the fiscal stimulus package, extension of nationwide lockdown till 31 May & spike in Covid-19 cases weighed on investor sentiment, said traders.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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