What is helicopter money and can it help economy during COVID-19 crisis? Who may gain? Find out
The Reserve Bank of India and Finance Minister Nirmala Sitharaman have provided several relief measures for the common man and corporates but Telangana chief minister K Chandrashekhar Rao has another suggestion for them. The Telangana CM has suggested RBI to implement a 'Helicopter Money' scheme.
Helicopter money refers to a last resort type of monetary stimulus strategy used to spur inflation. Source - Reuters,