Yes Bank Reconstruction Scheme 2020 will come into force on 13 March. The private lender's moratorium will be lifted 3 working days after the commencement of the scheme.
On 6 December 1948, TT Krishnamachari spoke in the Constituent Assembly during a debate on Article 19, supporting it as it is, including how it's framed in the matter of religion.
Extreme weather events have impacted 50% of corporate respondents to a recent survey. This underlines the importance of significant action now to increase climate resilience.
Air force chief says HAL needs to churn out 24 aircraft per year. It is important for IAF to have indigenous weapons systems to deal with any security challenges, he says.
How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?
Very appreciable step towards easement of burrden for small and medium sector and lower middle and middle income group.
Emi’s of 2/4 wheeler, housing/business loans, and other loans will be defferd giving sense of security for family that they will meet their basic requirements first.
My responses tend to be from the gut, so one feels relieved when a professional economist says the same thing. Ms Rupa Subramanya has tweeted : Economic activity has basically come to a standstill in India thanks to its draconian lockdown. This rate cut is really meaningless. Even before this crisis, monetary transmission had broken down. A cut right now is plain useless.
The RBI is skating on thin ice. It is ignoring inflation risks completely. Using up all of its gunpowder too early in the fight. A three month freeze on EMI payments will provide some relief to middle class families. Till we have a clearer picture of how long Covid 19 will last and how much damage it will cause, rate cuts will not stimulate growth. This is not a time to quibble, but having a central bank that is on the same page with the government on everything should not be considered a virtue.
Very appreciable step towards easement of burrden for small and medium sector and lower middle and middle income group.
Emi’s of 2/4 wheeler, housing/business loans, and other loans will be defferd giving sense of security for family that they will meet their basic requirements first.
My responses tend to be from the gut, so one feels relieved when a professional economist says the same thing. Ms Rupa Subramanya has tweeted : Economic activity has basically come to a standstill in India thanks to its draconian lockdown. This rate cut is really meaningless. Even before this crisis, monetary transmission had broken down. A cut right now is plain useless.
The RBI is skating on thin ice. It is ignoring inflation risks completely. Using up all of its gunpowder too early in the fight. A three month freeze on EMI payments will provide some relief to middle class families. Till we have a clearer picture of how long Covid 19 will last and how much damage it will cause, rate cuts will not stimulate growth. This is not a time to quibble, but having a central bank that is on the same page with the government on everything should not be considered a virtue.