Govt closely monitoring coronavirus impact on economy, says Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharman on Wednesday said the government is keeping a close watch on the impact of the COVID-19 outbreak on the Indian economy.

The minister also said that the process of merger of public sector banks was underway as per the schedule. The government has announced to merge 10 sector state-run banks to create four bigger lenders.

The governemnt is “closely monitoring” the impact of the coronavirus outbreak on the economy, she said.