RBI’s guns boom: On lockdown relief

The Reserve Bank of India (RBI) finally rolled out its huge guns on Friday to combat the effects of the coronavirus on the monetary system. Companies were clamouring for relief and Guv Shaktikanta Das’s measures address the important factor of sustaining system liquidity while providing palliatives to people and companies. The procedures seem to have been developed assuming the best case situation that the nation will have the ability to fight off the maleficent results of the virus in the next couple of weeks. But there is no certainty over the length of time this uncertainty will prolong which indicates that Mr. Das’s announcements, as undoubtedly that of Finance Minister Nirmala Sitharaman on Thursday, can just be the preliminary steps required to safeguard