by Martin Armstrong
Armstrong Economics
ASIA:
India’s central Bank Governor Shaktikanta Das told Bloomberg that he’s ready to act to shield the economy from the coronavirus and reiterated there’s room to cut interest rates if needed. The spread of coronavirus has raised the prospects of an emergency monetary policy action in India.
India restored the social media access for people in Kashmir for two weeks for the first time in last eight months after the abrogation of Article 370. The government told that it has temporarily lifted the ban on social media services and on the much broader internet, giving some relief to people and tens of thousands of businesses in the Himalayan region for two weeks.