The central government may once again announce another package of fiscal, monetary and policy measures to boost demand in the economy following a nationwide lockdown imposed for the corona virus disease (COVID-19) epidemic. Requesting anonymity, an official informed that an in-depth assessment of Rs 20.97 lakh crore will be done before the possible announcement. Some critics have stated that the package of fiscal and monetary measures, which included previous announcements, were not enough to overcome the economic consequences of the ovid-19 and the ensuing lockdown.
The official informed that the government has kept all its options open and will respond with appropriate measures to streamline supply and boost demand to keep the economy on a high growth trajectory. The other two officials said the next package, which is expected to arrive in less than a month, will complete the essentials left by the package already announced since March 26. The package will be prepared after discussion with all stakeholders. According to the Finance Ministry, public sector banks (PSBs) sanctioned loans worth Rs 6.45 lakh crore in about 5.5 million accounts between March 1 and May 15, but officials say the real figure is low. According to the Finance Ministry, the loan disbursement will begin after the lockdown is lifted. The fourth phase of the lockdown is scheduled to end on May 31.
HT quoted Niranjan Hiranandani, president of the Associated Chambers of Commerce and Industry of India (Assocham) as saying that the industry, especially the MSME, needs money. It is good that the money has been sanctioned, now the disbursement should happen as soon as possible. Experts say that borrowers are hesitating to take advantage of approved loans, as they are not seeing enough demand in the economy. On 22 May, the Reserve Bank of India reduced the policy rates by 40 basis points (bps) to provide relief to borrowers trapped in the Covid-19 economic downturn and extended the three-month deferment to repay the loan. This was the third monetary intervention after 27 March. The self-reliant India package included RBI measures of 8.01 lakh crore.
In a show in 2014, Anupam Kher asked Shahrukh Khan do you ever bother thinking that who will have
External Affairs Minister S Jaishankar's statement has come to the fore amidst the long-standing
On the occasion of Eid on May 13, Salman Khan is going to fulfill his promise and will give a gif
On Sunday, the Chinese military once again attempted to intimidate by flying 16 fighter jets over
Rohit becomes the new captain of Test, BCCI announces team against SL
The Board of Control for Cricket in India (BCCI) on Saturday announced the squad for the upcoming
IG Anil Shukla, who returned to Delhi Police on deputation from the National Investigation Agency
A few days ago, the police arrested Shariful Islam (30 years old), the accused of attacking Saif
RBI Monetary Policy April 2023: The Reserve Bank of India has announced a new monetary policy. RB
The fifth and final match of the five-match Test series between India and England is being played
There is a lot of discord in the Congress ... And this time the news has not come from the source
