10:49 (IST)
Coronavirus in Rajasthan Latest Updates
Rajasthan reports 6,281 COVID-19 cases with 152 deaths
Rajasthan registered a total of 6,281 COVID-19 cases after 54 more individuals tested positive for the novel coronavirus till 9 am on Friday. Of the total, there are 2,587 active cases, said the state health department.
After one more COVID-19 death on Friday morning, the toll in the state rose to 152.
10:42 (IST)
Coronavirus in India Latest Updates
Monetary policy transmission has improved: RBI governor
Monetary policy transmission has improved, said RBI governor Shaktikanta Das. He added that an improvement in passing on a lower rate to borrowers has been noticed across various business segments.
10:38 (IST)
Coronavirus in India Latest Updates
90 days extension to term loans offered to provide greater flexibility of SIDBI: RBI chief
In order to provide greater flexibility of SIDBI, another 90 days extension for the 90-day term loan facilities will be offered, said RBI governor Shaktikanta Das.
This will provide additional liquidity support to the MSME sector, RBi chief said.
10:32 (IST)
Coronavirus in India Latest Updates
Loan moratorium extended 31 August: RBI governor
The loan moratorium will be extended till 31 August, said RBI governor Shaktikanta Das. This makes it a six month moratorium.
He added that the lending institutions are being permitted to restore the margins for working capital to the origin level by 31 March, 2021.
10:29 (IST)
Coronavirus in India Latest Updates
India’s forex reserves increase by Rs 9.2 billion: RBI chief
Forex reserves stand at $ 487 billion, equivalent of 1 year of imports, said RBI governor Shaktikanta Das.
10:25 (IST)
Coronavirus in India Latest Updates
GDP growth to remain in negative this year, says RBI chief
There will be gradual revival of activity and demand by the second half of FY-2021, said RBI governor. He added that gross domestic product will remain in negative territory this year with some pickup in pulses segment.
10:22 (IST)
Coronavirus in India Latest Updates
MPC says inflation to fall below 4% in Q3 and Q4 of 2020: RBI chief
MPC is of the view that inflation in first half of 2020 will be intact but, by 3rd and 4th quarter it may fall below the target of 4 percent, said the RBI governor on Friday.
10:19 (IST)
Coronavirus in India Latest Updates
Food inflation increased to 8.6% in April 2020: RBI chief
RBI Governor Shaktikanta Das said that food inflation which had eased from January, 2020, peak in February and March has now surged to 8.6 percent in April. He furthe said that price of vegetables, oilseeds, and milk emerged as pressure points.
10:13 (IST)
Coronavirus in India Latest Updates
Private consumption impacted most by COVID-19: RBI chief
The RBI governor Shaktikanta Das said that the biggest blow from COVID-19 has been to private consumption.
10:11 (IST)
Coronavirus in India Latest Updates
Repo rate reduced by 40 bps to 4%
After an off-cycle meeting of the monetary policy committee over the last three days, MPC voted to reduce repo rate by 40 basis points to from 4.4 percent to 4 percent, said RBI governor Shaktikanta Das.
“Over the last three days, the MPC reviewed the implications of COVID-19 on economy, it has been decided to reduce in repo rate to revive growth. This will be done by 40 basis points, from 4.4 % to 4%,” said RBI chief.
