BREAKING NEWS
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PM says RBI measures will enhance liquidity
PTI, Apr 17, 2020, 2:50 PM IST
New Delhi: Prime Minister Narendra Modi on Friday said the announcements made by the Reserve Bank of India will greatly enhance liquidity and improve credit supply.
“These steps would help our small businesses, MSMEs, farmers and the poor. It will also help all states by increasing WMA limits,” he said on Twitter.
RBI Governor Shaktikanta Das has announced new measures to maintain adequate liquidity in the system, facilitate bank credit flow and ease financial stress.
The Bank cut the reverse repo rate and announced a slew of measures including re-finance window of Rs 50,000 crore and targeted long term repo auction of a similar amount to deal with the impact of the COVID-19 pandemic.
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Latest Additions
Balasore tragedy result of composite negligence of railway officials: Orissa High Court
Actress Kasthuri stokes controversy by her remarks on Telugu-speaking people in TN
Three convicted for 2016 Kollam collectorate blast case
Expect Canadian government to ensure justice, uphold rule of law: PM Modi
Group clash in Indore after argument over bursting firecrackers: NSA slapped against 2 accused
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