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    <description>A coordinated set of fiscal measures provided direct relief to households, concessional and collateral free credit for MSMEs, postponement of compliance deadlines, structural reforms to encourage investment and manufacturing, and incentives for sectoral deregulation. Complementary central bank actions included policy rate reductions, large scale liquidity injections, a temporary moratorium on loan instalments, resolution frameworks for eligible corporate exposures without ownership change, and special liquidity facilities for NBFCs, HFCs and MFIs to sustain credit flow and financial stability.</description>
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