Rbi On Coronavirus
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RBI Says $6.7 Billion In Cheap Loans For Vaccine Makers, Hospitals
India's central bank released $6.7 billion in cheap financing for vaccine makers, hospitals and other health firms on Wednesday, to counter the devastating coronavirus surge gripping the country.
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Don't Foresee Anymore Lockdowns, GDP Growth Forecast Remains 10.5%: RBI Governor
The rising COVID-19 infections across the country are a matter of concern, but it may not impact the ongoing economic revival as one does not foresee lockdowns, Reserve Bank Governor Shaktikanta Das said today.
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After Recession Warning, Government's New Moves On Economy: 10 Facts
The government today announced new measures to support the manufacturing sector and create jobs after the Reserve Bank of India said the country was set to enter a recession with estimates of another quarterly contraction. The country's economy has been badly hit by the coronavirus pandemic, with growth shrinking by a record 23.9 per cent between A...
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RBI Governor Shaktikanta Das Tests Positive For Coronavirus
RBI Governor Shaktikanta Das has tested positive for the coronavirus, he tweeted on Sunday, adding that he is asymptomatic and will continue to work from isolation.
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"Only Solution": Centre To Waive Compound Interest On Loans Up To 2 Crore
In a huge reprieve for borrowers, the government has told the Supreme Court that it is ready to waive interest on the repayment of loans of up to Rs 2 crore, frozen by the Reserve Bank of India (RBI) in a six-month moratorium granted because of the coronavirus pandemic.
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On Loan Moratorium And Interest Payments, Centre's October 1 Deadline
The Centre has to take a call by October 1 on how much time it will give to borrowers who have not been able to repay loans due to the coronavirus pandemic. It also has to decide whether they have to pay interest for this period, the Supreme Court said today. The government got a week's time from the Supreme Court today, by the end of which it has ...
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"Centre Must Take Loan From RBI And Give Us": Delhi Deputy Chief Minister
Delhi Deputy Chief Minister Manish Sisodia on Thursday said that under the existing system, the city government cannot take a loan from the RBI to meet its revenue shortfall.
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"RBI Has Confirmed What I Have Been Warning For Months": Rahul Gandhi
Rahul Gandhi said that "distractions through media won't help the poor" as he tweeted about the Reserve Bank of India's latest warning on economic contraction amid the novel coronavirus pandemic.
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Supreme Court Seeks Finance Ministry's Reply On Waiver Of Interest During Moratorium Period
The Supreme Court today sought the Finance Ministry's reply on waiver of interest on loans during the moratorium period after the RBI said it would not be prudent to go for a "forced waiver of interest" risking financial viability of the banks.
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Indian Carmakers Offer Teaser Loans As RBI Softens Stance: Report
Carmakers Maruti Suzuki, Hyundai and Mercedes Benz are offering buyers "teaser loans", a move sources said followed a softening of the Indian central bank's stance on the products in the face of a coronavirus crisis induced economic slump.
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Supreme Court Notice To Centre, RBI On Plea Against Interest Amid Moratorium
The Supreme Court on Tuesday asked the Centre and the RBI to respond to a petition challenging levying interest on loans during the moratorium period, which has now been extended by another three months till August 31 due to the coronavirus pandemic.
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Coronavirus: RBI Extends Moratorium On Auto Loans By 3 More Months
Measures will now be applicable for a total period of six months from March 1, 2020 to August 31, 2020.
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Ex-RBI Governor Led Panel To Assess COVID Impact On Tamil Nadu's Economy
The Tamil Nadu government has constituted a high-level committee, headed by Dr C Rangarajan, former RBI Governor, to assess the overall immediate and medium-term impact of coronavirus on the state's economy, including the impact of the lockdown imposed to prevent spread of the deadly virus .
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Disappointed With RBI Announcements, More Needed To Help Poor Amid Lockdown: Congress
The Congress expressed disappointment over the announcements made by the Reserve Bank of India (RBI) today to support the economy, saying the government should take more measures to mitigate the problems of the poor people suffering due to the coronavirus-induced lockdown.
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"Straightforward Yes": Raghuram Rajan On Return To India If Asked To Help
Former Reserve Bank of India (RBI) governor Raghuram Rajan has indicated he is willing to help the country if his assistance is sought to deal with the economic stress linked to the COVID-19 pandemic. With the country under a lockdown to contain the pandemic, several sectors that are already under stress such as banking and aviation are facing a se...
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RBI Says $6.7 Billion In Cheap Loans For Vaccine Makers, Hospitals
India's central bank released $6.7 billion in cheap financing for vaccine makers, hospitals and other health firms on Wednesday, to counter the devastating coronavirus surge gripping the country.
-
Don't Foresee Anymore Lockdowns, GDP Growth Forecast Remains 10.5%: RBI Governor
The rising COVID-19 infections across the country are a matter of concern, but it may not impact the ongoing economic revival as one does not foresee lockdowns, Reserve Bank Governor Shaktikanta Das said today.
-
After Recession Warning, Government's New Moves On Economy: 10 Facts
The government today announced new measures to support the manufacturing sector and create jobs after the Reserve Bank of India said the country was set to enter a recession with estimates of another quarterly contraction. The country's economy has been badly hit by the coronavirus pandemic, with growth shrinking by a record 23.9 per cent between A...
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RBI Governor Shaktikanta Das Tests Positive For Coronavirus
RBI Governor Shaktikanta Das has tested positive for the coronavirus, he tweeted on Sunday, adding that he is asymptomatic and will continue to work from isolation.
-
"Only Solution": Centre To Waive Compound Interest On Loans Up To 2 Crore
In a huge reprieve for borrowers, the government has told the Supreme Court that it is ready to waive interest on the repayment of loans of up to Rs 2 crore, frozen by the Reserve Bank of India (RBI) in a six-month moratorium granted because of the coronavirus pandemic.
-
On Loan Moratorium And Interest Payments, Centre's October 1 Deadline
The Centre has to take a call by October 1 on how much time it will give to borrowers who have not been able to repay loans due to the coronavirus pandemic. It also has to decide whether they have to pay interest for this period, the Supreme Court said today. The government got a week's time from the Supreme Court today, by the end of which it has ...
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"Centre Must Take Loan From RBI And Give Us": Delhi Deputy Chief Minister
Delhi Deputy Chief Minister Manish Sisodia on Thursday said that under the existing system, the city government cannot take a loan from the RBI to meet its revenue shortfall.
-
"RBI Has Confirmed What I Have Been Warning For Months": Rahul Gandhi
Rahul Gandhi said that "distractions through media won't help the poor" as he tweeted about the Reserve Bank of India's latest warning on economic contraction amid the novel coronavirus pandemic.
-
Supreme Court Seeks Finance Ministry's Reply On Waiver Of Interest During Moratorium Period
The Supreme Court today sought the Finance Ministry's reply on waiver of interest on loans during the moratorium period after the RBI said it would not be prudent to go for a "forced waiver of interest" risking financial viability of the banks.
-
Indian Carmakers Offer Teaser Loans As RBI Softens Stance: Report
Carmakers Maruti Suzuki, Hyundai and Mercedes Benz are offering buyers "teaser loans", a move sources said followed a softening of the Indian central bank's stance on the products in the face of a coronavirus crisis induced economic slump.
-
Supreme Court Notice To Centre, RBI On Plea Against Interest Amid Moratorium
The Supreme Court on Tuesday asked the Centre and the RBI to respond to a petition challenging levying interest on loans during the moratorium period, which has now been extended by another three months till August 31 due to the coronavirus pandemic.
-
Coronavirus: RBI Extends Moratorium On Auto Loans By 3 More Months
Measures will now be applicable for a total period of six months from March 1, 2020 to August 31, 2020.
-
Ex-RBI Governor Led Panel To Assess COVID Impact On Tamil Nadu's Economy
The Tamil Nadu government has constituted a high-level committee, headed by Dr C Rangarajan, former RBI Governor, to assess the overall immediate and medium-term impact of coronavirus on the state's economy, including the impact of the lockdown imposed to prevent spread of the deadly virus .
-
Disappointed With RBI Announcements, More Needed To Help Poor Amid Lockdown: Congress
The Congress expressed disappointment over the announcements made by the Reserve Bank of India (RBI) today to support the economy, saying the government should take more measures to mitigate the problems of the poor people suffering due to the coronavirus-induced lockdown.
-
"Straightforward Yes": Raghuram Rajan On Return To India If Asked To Help
Former Reserve Bank of India (RBI) governor Raghuram Rajan has indicated he is willing to help the country if his assistance is sought to deal with the economic stress linked to the COVID-19 pandemic. With the country under a lockdown to contain the pandemic, several sectors that are already under stress such as banking and aviation are facing a se...
