An "integrated effort" with help of the RBI's monetary policy and the government's fiscal policy coupled with a close coordination of the Centre and states is needed to "put things on track and restore normalcy" as soon as possible, according to JK Organisation Director Harsh Pati Singhania.
Stating that the recovery process would start from the front end with the consumers start purchasing, Singhania urged the government to help the people bring their confidence back with more direct cash transfers and other measures to help the industry pay wages.
"It has to be an integrated effort which would be done with help of monetary policy of RBI, the fiscal policy of the government coupled with a close coordination of the centre and state in a federal structure which help put things back to on track and restore normalcy at soon as possible in these unprecedented times," Singhania, director of JK Organisation, told PTI.
Over the measures announced by the Reserve Bank of India (RBI) on Friday,
