RBI GUIDELINES

AKASH JINDAL/ BUSINESS EDITOR |

Corona virus has impacted our economy that is Indian economy very severely now IMF that is international monetary fund says that India's GDP is going to grow only by 1.9% Barclays very important international agency says Indian GDP growth could be only 0% I l that is international labour organisation it says that this would push around 40 crore Indians deeper into poverty also there is a report which says 23% of Indians are already unemployed so RBI that is reserve Bank of India yesterday has come out with solution they have reduced reverse repo rate by. To 5% show that liquid it is available with banks they have RBI has given money to NABARD SIDBI e and nhb so that there is liquidity available for agriculture rural areas small industries and housing finance also RBI has taken an initiative of giving more money to States by ways and means advance also the npa issue for the moratorium period has been sorted out so I I conclude by saying that what RBI has done yesterday would help in some way to revive Indian economy do much more still needs to be