India's Finance Minister calls for lower interest rates to ease financial stress on borrowers.

Finance Minister Nirmala Sitharaman highlighted the stress high borrowing costs are causing individuals and businesses, urging banks to make interest rates more affordable. Amid concerns about an economic slowdown, she assured that the government is addressing both domestic and global challenges. Sitharaman also called on banks to focus on lending and reduce the mis-selling of insurance products, which can increase borrowing costs.

November 18, 2024
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