Experts have advised the Centre to abandon its knobbly faith in fiscal rectitude when a storm is blowing around its head. It will not put together a stimulus package of tax breaks and other incentives that industry desperately needs. The RBI governor, Shaktikanta Das, threw out a number that should shame and shake banks out of their risk-averse somnolence. The sum is greater than the size of the stimulus package that industry has been demanding from the government. But the point is that two horses — fiscal and monetary — are needed to pull the dray that represents the Indian economy.

Source: The Telegraph April 18, 2020 18:56 UTC