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Kishan Reddy Says Going For Helicopter Money Is Not Easy
By: Tupaki Desk | 24 April 2020 12:05 PM GMT
The nationwide lockdown which was imposed in India in the wake of the rapid growth of the positive cases of novel coronavirus has left a deadly impact on many fields forcing them to face a huge loss.
Following this Telangana Chief Minister KCR asked the Reserve Bank of India(RBI) to opt for 'Helicopter Money' and 'quantitative easing' to improve the circulation of money to boost the economy.
Now the Minister of State for Home Affairs Government of India G. Kishan Reddy responded to the suggestions of KCR and said that going for Helicopter Money is not possible as of now and added that all the states should agree for this.
Kishan Reddy went on to say that currently, only health emergency is active in the country and there is no Financial emergency. Mr. Reddy concluded that there is no chance of providing loans now and fighting Coronavirus is the main intention.
On the other hand, Kishan Reddy took part in the passing-out ceremony of the 42 trainee Central Reserve Police Force officers via a webinar as the lockdown was active.
Following this Telangana Chief Minister KCR asked the Reserve Bank of India(RBI) to opt for 'Helicopter Money' and 'quantitative easing' to improve the circulation of money to boost the economy.
Now the Minister of State for Home Affairs Government of India G. Kishan Reddy responded to the suggestions of KCR and said that going for Helicopter Money is not possible as of now and added that all the states should agree for this.
Kishan Reddy went on to say that currently, only health emergency is active in the country and there is no Financial emergency. Mr. Reddy concluded that there is no chance of providing loans now and fighting Coronavirus is the main intention.
On the other hand, Kishan Reddy took part in the passing-out ceremony of the 42 trainee Central Reserve Police Force officers via a webinar as the lockdown was active.
