With the coronavirus pandemic, China has lost the faith of the world. Many nations are now keen to shift their manufacturing dependency away from China.
The economic crisis unleashed in the country by the nationwide lockdown that was imposed to combat the Wuhan Coronavirus pandemic has led to migrant workers losing their jobs and left stranded in places far away from their homes.
The most important notification put out by the RBI on Friday was that a three-month moratorium has been announced on payment of instalments of loans outstanding on March 1, 2020.