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Raghuram Rajan suggests spending ₹65,000 crore for the poor

  • IASbaba
  • May 1, 2020
  • 0
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Raghuram Rajan suggests spending ₹65,000 crore for the poor

Part of: GS Prelims and GS-III – Economy

In News:

  • In a recent online conversation with a political leader, former RBI Governor Raghuram Rajan has suggested ways to revive Indian economy in measured manner. 

Key takeaways:

  • He cautioned not to have a divided house in challenging times. 
  • He also estimated that India needs to spend about ₹65,000 crore to take care of the vulnerable sections like the migrant workers.
  • He also emphasized that the economy needs to be opened up in a sequential way in working out a balance in fighting the virus and facing the consequences of the economy.
  • He also suggested that India should leverage its Direct Benefit Transfer (DBT) network to protect livelihoods, keep people alive.

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