India's central bank unveiled a slew of measures on Wednesday as the second wave of the coronavirus pandemic cause severe strains on healthcare and medical facilities.
In an unscheduled speech, Reserve Bank of India Governor Shaktikanta Das announced that the central bank will provide an on-tap liquidity window of INR 500 billion, in order to provide immediate liquidity to the emergency healthcare infrastructure and services.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.