Economy Takes A Hit Worldwide For COVID-19 : Indian Government And RBI Working To Boost The Economy

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The global economy has taken a toll, worst-hit places are Japan, the US, UK, Germany, France, and Italy. In India, the second financial package is expected to focus on the small and medium industries. The Centre may consider extension of GST payment, waiver for water and electricity bills and cash relief for migrant labourers as well. The Government and especially the RBI are working and implementing new ways to somehow take control of the situation in different sectors and boost the economy to a position.

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