After Sitharaman's Budget 2020, RBI takes more steps to revive economy
RBI Monetary Policy: In a bid to ensure sufficient liquidity in the system, the apex bank has decided to conduct term repos of one-year and three-year tenors of appropriate sizes for up to a total amount of Rs 1 lakh crore at the policy repo rate
- Feb 6, 2020,
- Updated Feb 11, 2020 6:38 PM IST
A week after Finance Minister Nirmala Sitharaman, in her second Budget speech, announced major tax reliefs for the salaried class and measures to boost demand and liquidity crunch, the Reserve Bank of India on Thursday announces some more steps to revive ailing economy. A decline in GDP, subdued demand, liquidity crisis and rising inflation have remained major problems for the Indian economy.
RBI, in its sixth bi-monthly policy resolution, announced various developmental and regulatory policy measures for improving credit flows to certain sectors; reinforcing monetary transmission for MSMEs; strengthening regulation and supervision; broadening and deepening financial markets; and improving payment and settlement systems.
A week after Finance Minister Nirmala Sitharaman, in her second Budget speech, announced major tax reliefs for the salaried class and measures to boost demand and liquidity crunch, the Reserve Bank of India on Thursday announces some more steps to revive ailing economy. A decline in GDP, subdued demand, liquidity crisis and rising inflation have remained major problems for the Indian economy.
RBI, in its sixth bi-monthly policy resolution, announced various developmental and regulatory policy measures for improving credit flows to certain sectors; reinforcing monetary transmission for MSMEs; strengthening regulation and supervision; broadening and deepening financial markets; and improving payment and settlement systems.