Widening NDS-OM membership: With a view to widening the secondary market in Government Securities to mid-segment investors, well-managed and financially sound Urban Cooperative Banks (UCBs) have been permitted to become direct members of NDS-OM.
That takes credit and government support. How those companies and families are able to cope will, in turn, influence whether the crisis has structural effects on the economy. Because of the suddenness of the crisis, many of our established ways of thinking about policy are inadequate. We need to use other approaches to guide policy.