Desperate times call for desperate actions...
The government has now included proposals such as banning short-sales in futures and easing up the commercial paper market (that will allow companies to borrow from each other) among the steps it may take to tackle the situation. TOI had reported on Sunday that the government was already toying with proposals like banning reverse repo, further reducing CRR and lowering interest rates. Together, these measures are expected to not only make funds available but also raise confidence for lending money.
Source: http:// ti meso findia.in diatimes.co m/PM_asks_RBI_governor_to_cut_short_US_trip/articleshow/3587722.cms
The government has now included proposals such as banning short-sales in futures and easing up the commercial paper market (that will allow companies to borrow from each other) among the steps it may take to tackle the situation. TOI had reported on Sunday that the government was already toying with proposals like banning reverse repo, further reducing CRR and lowering interest rates. Together, these measures are expected to not only make funds available but also raise confidence for lending money.
Source: http:// ti meso findia.in diatimes.co m/PM_asks_RBI_governor_to_cut_short_US_trip/articleshow/3587722.cms