The Indian government is responding to the stock market’s biggest crash in 10 months, which wiped out 19 lakh crore in investor wealth. Sources indicate PSUs have been instructed to provide shareholder relief, with a possible formula of 30% profit after tax or 4% of net worth. The Prime Minister is monitoring the impact on share markets, and the government is working on cushioning the economy. Talks between the US and India are expected in the coming weeks. #stockmarketcrash #investorrelief #economiccushioning #psustocks #globalmarkets #usindiatalks #financeministry #pmo #exportersconcerns
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