While NITI Aayog vice-chairman Rajiv Kumar made a strong case for the need to take extraordinary steps to deal with the current economic stress on the country’s financial sector, government’s chief economic advisor (CEA) Krishnamurthy Subramaniam differed by saying any bailout package would be a ‘moral hazard’ to the market economy. The recent slowdown of the economy has triggered India Inc to call for a boost from the government to prompt growth and prevent job losses.
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