NITI Aayog, CEA differ on economic revival plan

NITI Aayog vice chairman Rajiv Kumar on Thursday made a strong case for extraordinary steps to deal with the unprecedented stress in the country’s financial sector, which is a key reason for the growth slowdown, but the government’s chief economic adviser (CEA) Krishnamurthy Subramanian said any bailout package will be a “moral hazard” and anathema to way a market economy works.

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