Mindmine Summit

NITI AAYOG's Rajiv Kumar Called Extraordinary Steps to Tackle Current Issues with Financial Sector

"This is an unprecedented situation for the government. In the last 70 years, we have not faced this sort of liquidity situation where the entire financial sector is in a churn, and nobody is trusting anybody else," Kumar said. "Within the private sector, nobody wants to lend to anybody else. Everyone is sitting on cash," he said while speaking at the Mindmine Summit 2019, the flagship event of the Hero Group.