While formulating strategies to curb the adverse impact of COVID-19, a term “helicopter money”landed on the internet surface. This term has been used by Telangana Chief Minister (CM) Kalvakuntla Chandrashekhar Rao during a video-conference with Prime Minister (PM) Narendra Modi. In order to deal with the financial crisis powered by COVID-19, the Telangana CM has recommended that RBI should implement ‘helicopter money’ by way of quantitative easing (QE) QE is followed all over the world, is the only way to deal with the situation.
Telangana CM recommended the implementation of “Helicopter Money”
Current Affairs Calender