Former PM Bats For Cash Transfers, Credit Guarantees
The Morning Standard|August 11, 2020
Former Prime Minister and well known economist Manmohan Singh believes an economic slump is inevitable and has advised the use of direct cash transfers to people and a Government-backed credit guarantee programme for firms.
Former PM Bats For Cash Transfers, Credit Guarantees

Singh, widely seen as the architect of economic reforms in India starting in the 1990s, said in an e-mailed interview to the BBC that the Centre needs to ensure the protection of peoples’ livelihoods “through significant direct cash assistance.” As part of a three-pronged plan, he also sought a “Government-backed credit guarantee programme” for capital-starved businesses.

This story is from the August 11, 2020 edition of The Morning Standard.

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This story is from the August 11, 2020 edition of The Morning Standard.

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