Reserve Bank of India’s Relief Package for Covid-19 Pandemic: A Review

Authors

  • Baisakhi Vohra   MICA
  • Devang Mehta   Christ College

Keywords:

COVID 19, Pandemic, Monetary Relief Package, Recession, Reserve Bank of India <p>JEL Classification Codes – E51, E52, E58</p>

Abstract

The world is battling with the novel Corona virus (COVID 19) pandemic since the end of the year 2019. In India, the first case of the disease was recorded in late January 2020 and it gradually began to spread its tentacles to every part of the nation. The juggernaut of the pandemic, had forced the Government to implement a strict nationwide lockdown from March 25, 2020 for a period of 21 days; which was gradually extended in three further phases. Such a sudden halt of the entire economy brought a devastating impact on lives of people. To keep the economy buoy amidst such times, the Reserve Bank of India (RBI) had come out with a comprehensive monetary package during the initial phase of the lockdown amounting to approximately Rs.3.74 trillion. This paper is a review of four important aspects of centralbank’s relief measures that were released in the month of March and April 2020 which aimed to provide substantial cushion to the economy.

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Published

2021-06-11

How to Cite

Vohra, B., & Mehta, D. (2021). Reserve Bank of India’s Relief Package for Covid-19 Pandemic: A Review. Journal of Applied Management- Jidnyasa, 13(1), 51–65. Retrieved from http://www.simsjam.net/index.php/Jidnyasa/article/view/165035

Issue

Volume 13, Issue 1, January-June 2021

Section

Research Papers

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