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Monetising fiscal deficit via secondary OMOs right way: Uday Kotak

If we keep subsidising or protecting businesses that are not able to compete, we have an issue. I would expect the market to be able to sort things out, says Uday Kotak

Topics
Coronavirus | GDP growth | Lockdown

Subhayan Chakraborty & Indivjal Dhasmana 

Kotak Mahindra Bank Managing Director and Chief Executive Officer Uday Kotak talks about getting growth back, import duties, migrant labour, bank recapitalisation, etc
Uday Kotak talks about getting growth back, import duties, migrant labour, bank recapitalisation, etc

Managing Director and Chief Executive Officer Uday Kotak has taken over as president of the (CII) at a time when the economy has been hit hard by the to fight the spread of . Kotak tells Subhayan Chakraborty and Indivjal Dhasmana that as the government incurs higher expenditure on health and sustainable development, it will have to make hard choices on whether it should support weak enterprises or not. He talks about getting growth back, import duties, migrant labour, bank recapitalisation, etc. Edited excerpts:

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First Published: Mon, June 08 2020. 01:06 IST
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