A Rs 50,000-crore window for healthcare sector, loan repayment relief for individuals and small firms, and a relief from updating KYC are some of the measures announced.
The RBI has assured both the market and government of creating comfortable liquidity conditions so that private and government borrowing are not hampered.
Finance Minister Nirmala Sitharaman has announced collateral-free loans, credit guarantees, capital infusion and various other liquidity-boosting measures for MSMEs, NBFCs & DISCOMs.
The Indian rupee tumbled the most in three months after RBI lowered the repurchase rate but refrained from shifting to a more easy stance on monetary policy.
‘Well-entrenched institutional apathy' is how Dhiren A Sadokpam, editor of The Frontier Manipur defined it. 'New Delhi has the power to intervene at every level,' he said.
Proposal to restart licensing is welcome, but Rs 300-crore minimum capital requirement could mean only handful of credit societies qualify, say sector executives
Overall, President Droupadi Murmu has approved Gallantry awards to 70 armed forces personnel, including six posthumous, on the eve of 77th Republic Day.
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.
COMMENTS