Government should now plan about how to restart the economic activity in the low-infection regions with enough precautions since lockdown can't be continued for longer periods, Rajan said in a blog

Finance Minister Nirmala Sitharaman has announced a comprehensive package of Rs 1.7 lakh crore for the economically weaker sections of the society hit by coronavirus; Walmart Inc's Flipkart is all set to resume its grocery and essential services after the local law enforcement authorities assured the e-commerce giant of safe passage of supply chain and delivery executives; Former Reserve Bank of India Governor Raghuram Rajan has said that the lockdown is not enough to contain coronavirus in the country. He added that the lockdown will be substantially harder for the poorer sections of society. Watch this and more on News Blast.Also Read: Coronavirus: Top govt official warns not all international passengers monitored

Coronavirus relief: Finance Ministry urges RBI to pause EMI, loan repaymentsFinance Ministry has asked the Reserve Bank of India to consider emergency measures to help borrowers cope with economic pressure triggered by the COVID 19 outbreak. Coronavirus outbreak has led to reduced business activity and has already resulted in layoffs and salary cuts. Meanwhile, Finance Minister Nirmala Sitharaman has announced a comprehensive package of Rs 1.7 lakh crore for the economically weake...

Raghuram Rajan said that the infrastructure in this country is a hindrance to the government's fight against the coronavirus, adding that all resources must be focused on tackling the pandemic

The beleaguered private sector bank will soon be run by SBI-led consortium of investors. This is how things will pan out

YES Bank crisis: Rajan stressed on making the balance sheets of financial institutions as clean as possible

Rajan says the pace of reforms had slowed down considerably in the past 15 years, and that India needs significant reforms to boost demand

JNU violence: Raghuram Rajan said that by supporting the students and putting her film at risk, Deepika Padukone inspires us all

The difference between the gross salary of the RBI Governor and a Deputy Governor is also not much. The Governor earns just Rs 31,500 more than a Deputy Governor per month

During the pre-Budget consultation with Union Finance Minister, some states made a case for fiscal expansion by boosting consumption to tide over the sluggishness in the economy

Piyush Goyal stated that Prime Minister Narendra Modi has very good ties with his cabinet ministers and the PMO does not interfere in economic decisions

The poor response from PSBs is partly because of higher existing exposure to NBFCs via lending, issues with NBFCs portfolio quality because of job losses, and stagnant income levels

Rajan pointed out that extreme centralisation, coupled with lack of empowered ministers and a coherent guiding vision meant reforms picked up steam only when PMO focused on them and lost pace when its attention switched to other pressing issues

Penning down his recommendations to help the ailing Indian economy out of the ongoing slowdown in the India Today magazine, he called for reforms to liberalise capital, land and labour markets, and spur investment as well as growth

Among other things, Raghuram Rajan called for reforms to liberalise capital, land and labour markets, and spur investment and growth

Payments Banks are mandated to invest a minimum of 75 per cent of their deposits in government securities where returns are abysmally low

P Chidambaram said that all the people who had knowledge about the economy and its issues were banished by the BJP government

High level of slippages is making the Reserve Bank of India jittery. RBI Governor Shaktikanta Das had earlier advised banks to be cautious and prudent in lending to small borrowers

The former RBI governor, however, said that he does not want to get into a political debate.

This is for the third time that the prime minister visited Jammu and Kashmir to celebrate Diwali with the troops in the border state since 2014, and first after the abrogation of Article 370 provisions.