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dark mode TV9 Bharatvarsh | Edited By: Richa Ojha Updated on: Mar 19, 2023 | IST With the US banking crisis and global economic uncertainty rising, the chief economic advisor to the government has warned that the government, companies and citizens need to ...
Sun, 19 Mar 2023
With the US banking crisis and global economic uncertainty rising, the chief economic advisor to the government has warned that the government, companies and citizens need to keep a safety margin with themselves to avoid the crisis.
Information has been given by the government on the money deposited by Indian startups in Silicon Valley Bank i.e. SVB. Minister of State for IT, Rajeev Chandrasekhar has said that SVB has about $1 billion of Indian startup capital. After the SVB crisis, the government held a meeting with Indian startups. The Minister of State for IT has said that Indian banks will have to give more loans to startups in future so that Indian startups do not face challenges due to crisis like SVB. With the US banking crisis and global economic uncertainty rising, the chief economic advisor to the government has warned that the government, companies and citizens need to keep a safety margin with themselves to avoid the crisis.