India’s top bank is set to buy 1,400 vacuum cleaners and laptops, a report says
The world’s top lender, the Reserve Bank of India, will buy 1.1 million high-end vacuum cleaners, laptops and appliances, it was reported on Monday.
The move comes amid a crisis of supply of high-quality vacuum cleaners due to the global pandemic, which has killed over 200 million people and wiped out the global economy.
The Reserve Bank has announced a series of measures, including raising interest rates to 5 per cent and limiting foreign direct investment in domestic and foreign companies, as part of a series to tackle shortages of basic appliances, according to The Hindu.
The bank will also be buying a total of 2,000 electric appliances, the report said.
India is among the world’s most populous nations with a population of over 2.7 billion, according the latest UN estimates.