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RBI monetary panel finalises steps to save economy from coronavirus


India yesterday unveiled a Rs 1.7 lakh crore spending plan to curb the impact of the virus outbreak.

By Siddhartha Singh

Indian central bank’s monetary policy panel concluded an unscheduled meeting earlier this week to decide on measures it can take to tackle the fallout of the coronavirus outbreak on Asia’s third-largest economy, people with knowledge of the matter said.

The Monetary Policy Committee’s meeting, conducted over video conference, ended on Wednesday and helped finalize a series of measures, the people said, asking not to be identified as the information is not public. They did not ...


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