Answer to Question #208408 in Macroeconomics for Sutapa Goswami

Question

To revive the growth rate of the economy, a slew of measures have been undertaken by

the government and the RBI. Analyse any three of them, these measures can be as old

as one year. Try to explain your answer by using different concepts of macroeconomics

that you have studied in your class.

Answer 1

The Indian government has been readying guidelines not only for performance management and macroeconomic revival, but also to ease the transition of doing business in the country, by granting updates, legislation, and booklets detailing efforts to enhance the corporate landscape.

The following sectors have all taken steps to assist Indian firms in growing:

1. The Reserve Bank of India (RBI)
2. The Securities and Exchange Board of India (SEBI)
3. The Insurance Regulatory and Development Authority of India (IRDAI)
4. Various sectoral ministrie. 

Business and trade in India are gaining traction. The Department of Commerce has made a number of concessions, such as extending key compliance deadlines. Most of this is to assist exporters in dealing with the consequences of the Corona Outbreak.

The government regulatory frameworks has been changed to prevent impulsive investments or acquisitions of Indian enterprises and to place limits on firms from nations with whom India shares a border. In addition, business affairs are well-managed. A Fresh Start Scheme has been proposed under the Companies Act of 2013 to accommodate for late submissions. The RBI determines that a countercyclical capital buffer (CCyB) is not needed.

CCyB reminds banks to strengthen a capital buffer in good times that can be used to keep credit circulating to the real economy in difficult times. The Reserve Bank of India has extended the time limit for generating export income from nine to fifteen months, as well as assessing the States'/UTs' Limits of Way and Mean Advances and establishing a countercyclical capital buffer. For all programs and tasks that are about to lapse, the legitimacy of previously provided environmental approvals will be prolonged in order to maintain continued actions/process.