Wonderer

"It is when the horizon is the darkest and human reason is beaten down to the ground that faith shines brightest and comes to our rescue."   The world is facing humanity's biggest crisis since World War II. An outbreak from China has gone everywhere. There is a lot of uncertainty as regards how deep the slump will be. The only certainty is that it's going to be a deep crisis!  A 0.12 microns sized virus has plunged the global economy and the shock has put all the economic activities at a halt. Such macroeconomic issues demand an immediate response from the central banks to safeguard the economy. The Reserve Bank of India (RBI) is responsible for conducting monetary policy in India. The responsibility is explicitly mandated under the RBI Act, 1934. Covid-19 is unfolding its harmful effects at an alarming speed with massive disruptions in global production, supply chains, trade, and tourism. The global purchasing managers index (PMI) recorded its highest decline in hist...