Modi govt leaving no stone unturned to fight COVID-19: Amit Shah
PTI, Apr 17, 2020, 5:13 PM IST
New Delhi: Union Home Minister Amit Shah said on Friday the Narendra Modi government is leaving no stone unturned to tackle the crisis caused by the novel coronavirus outbreak in the country.
Complimenting the Reserve Bank of India (RBI) for the steps taken to boost the economy, Shah said such action will further reinforce Modi’s vision.
“Modi government is leaving no stone unturned in this fight against COVID-19, ensuring minimum disruption in people’s lives while planning for a strong and stable India in days ahead,” he tweeted.
The home minister said the RBI’s decision to extend Rs 20,000 crore credit facility to NABARD and Rs 15,000 crore to SIDBI will greatly help the farmers, provide the much needed financial stability to MSMEs and start ups, and boost the ‘Make in India’ programme.
Shah said the Rs 10,000 crore to National Housing Bank (NHB) and liquidity measures for banks and non-banking financial companies (NBFCs) will help too.
“Steps taken by RBI today, to boost Indian economy, further reinforce PM Narendra Modi’s vision,” he said.
The RBI on Friday further eased bad-loan rules, froze dividend payment by lenders and pushed banks to lend more by cutting the reverse repo rate by 25 basis points, as it unveiled a second set of measures to support the economy hit hard by a coronavirus-led slowdown.
In his second televised address since the nationwide lockdown began from March 25, Reserve Bank of India (RBI) Governor Shaktikanta Das pledged to boost liquidity and expand bank credit.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
UP women’s body proposes men shouldn’t tailor women’s clothes or cut their hair
After Yogi’s ‘batenge, katenge’ slogan, PM pitches for unity with ‘Ek hai, toh safe hai’ message
Bank fraud: ED seizes jewellery, cash worth over Rs 1 cr in raids against Bhopal-based company, directors
No greater feeling than serving those in need: Outgoing CJI D Y Chandrachud
CJI Chandrachud: A legacy of landmark verdicts that shaped society and some controversy too
MUST WATCH
Latest Additions
BCCI vs PCB spar on CT venue as Naqvi denies receiving any official note from Indian board
Use Carnatic music to promote Kannada language: Nirmala Sitharaman
Udupi: Car collides with bike; Rider injured
UP women’s body proposes men shouldn’t tailor women’s clothes or cut their hair
NSE, BSE to be closed on Nov 20 for Maharashtra assembly polls
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.