Friday, Mar 29 2024 | Time 01:26 Hrs(IST)
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India


RBI measures will give 'much desired relief', says Finance Minister

New Delhi, Mar 27 (UNI) Finance Minister Nirmala Sitharaman on Friday welcomed the RBI announcement of massive 75 basis points cut in repo rates as a measure to counter the economic slowdown caused by the Covid-19 pandemic and maintained that three month moratorium on payments of term loan instalments and interest on working capital will give much-desired relief.
''Appreciate RBI Shaktikanta Das’s reassuring words on financial stability. The three-month moratorium on payments of term loan instalments (EMI) & interest on working capital give much-desired relief. Slashed interest rate needs quick transmission,'' she said in her tweet.
Ms Sitharaman also welcomed Mr Das’s statement that ''macro economic fundamentals of the Indian economy are sound, and in fact stronger than what they were in the aftermath of the global financial crisis of 2008-09''.
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DC extends Kejriwal's ED custody till April 1

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No legal bar in Kejriwal continuing as CM:  Delhi HC

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UNICEF India, IIHMR Delhi & IIT Mumbai launch digital health course to bridge tech-knowledge gaps

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