The wedding in Karnataka’s Gowda family in blatant violation of Covid-19 lockdown guidelines shows crass arrogance and impunity. Such acts by the political class undermine India’s fight against the deadly virus. It reeks of elite entitlement, but also reflects very poorly on the state’s BJP government for allowing such exceptions.
RBI has offered a much needed liquidity relief to Covid-hit NBFCs, banks could lend more now
RBI’s measures offer much needed liquidity relief to stressed NBFC sector and can encourage banks to lend more. RBI governor Shaktikanta Das’ statement about future policy space to ensure growth and financial stability and the readiness to take necessary measures to combat the pandemic should reassure stakeholders and financial markets.