Finance Minister Nirmala Sitharaman stated on Wednesday that the proposed merger of public sector banking institutions is on observe. The announcement ought to be welcomed as it will finish the uncertainty on this front.
In the meantime, world policymakers are trying to have the problems currently being induced by the unfold of the coronavirus. In an emergency shift, the US Federal Reserve minimized interest charges by fifty foundation factors on Tuesday.
Business enterprise Common Viewpoint pieces for the day converse about lender merger and coronavirus amid other difficulties.
The US Fed’s plan motion and the reaction of both the stock and bond markets, in a way, mirror the extent of uncertainty posed by the coronavirus, argues our direct editorial
The Union Cabinet’s selection on Wednesday to crystal clear the merger of ten public-sector banking institutions (PSBs) into four ends the prolonged uncertainty above the exercising, notes our 2nd editorial