Gain some, lose some: What India's Covid-19 relief package means for biz

As India manages life under a 21-day lockdown, the government and the RBI have moved to help the economy and the poorest. A look at who gains from these moves and who loses out

The government and the central bank moved quickly last week to help the economy as India manages life under a 21-day lockdown to stem the spread of the coronavirus pandemic. Their decisions bring opportunity for some businesses as others miss out.

The Reserve Bank of India (RBI) cut the repo rate by 75 basis points on Friday, following the finance ministry’s announcement of a relief package worth Rs 1.7 trillion for India’s poorest income groups and a Rs 50 lakh per head insurance cover for medical personnel fighting the pandemic. Neither of them gave any guidance on the macro indicators