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Former PM Manmohan Singh lists three steps to stem India's economic crisis

Former PM Dr Manmohan Singh has listed out a three-step solution to stem the current economic crisis and restore normalcy.

First of the three immediate steps is to "ensure people's livelihoods are protected and they have spending power through a significant direct cash assistance". The second remedy according to Singh is to make available sufficient capital for businesses via "government-backed credit guarantee programmes". For the third step, he recommends "institutional autonomy and processes" for fixing the country's financial sector. Read more
 

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