The RBI monetary policy report also stated India may not be immune to deflationary pressures seen globally, adding that Covid-19 hangs over the future, like a spectre.
Processes vary from bank to bank with some asking customers to write to them to avail the moratorium, while others asking borrowers to inform them to opt out.
Govt will need to get both production & consumption back on track quickly after the lockdown is lifted and also have adequate health safety norms in place.
Banks in India that operate out of International Financial Services Centre will be allowed to participate in non-deliverable forwards market from 1 June.
Liberty without accountability is the freedom of the fool. Our concept of freedom will remain impoverished until it is deepened by liberal education, wrote Nani A Palkhivala in 1995.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
COMMENTS