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It is being argued that now the Centre should use its mints? What do y...

  May 09, 2020

It is being argued that now the Centre should use its mints? What do you understand from the statement? Explain.

  1. It stands for the recommendation that the central government should print more money and put it back in the system.
  2. It should fill in the hole created by the NBFC crash due to which the demand, the small-medium enterprises and real estate will pick up. And In six months the change would be seen.
  3. In addition to this there are demands for abolishing the Foreign Exchange Management Act (FEMA) and allowing Indian firms to borrow abroad at low interest rates.
  4. Since demand is at the lowest, hence Inflation rates would not be a concern.
  5. And the government should also promote India as the destination which is dispute free to the investors as global firms want to move out of China. 
  6. These initiatives would help in the fast recovery of Indian economy.