{"id":10805,"date":"2020-04-17T16:15:26","date_gmt":"2020-04-17T10:45:26","guid":{"rendered":"http:\/\/udaen.info\/?p=10805"},"modified":"2020-04-17T16:15:26","modified_gmt":"2020-04-17T10:45:26","slug":"rbi-announces-rs-50000-crore-booster-package-for-small-and-medium-sized-industries","status":"publish","type":"post","link":"https:\/\/udaen.info\/?p=10805","title":{"rendered":"RBI announces Rs.50,000 crore booster package for small and medium-sized industries"},"content":{"rendered":"\n\n\n
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Apr 17, 2020<\/h5>\n<\/td>\n
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2:04PM<\/h5>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

RBI announces Rs.50,000 crore booster package for small and medium-sized industries<\/h2>\n
RBI Pic<\/div>\n

Amidst the steep fall in the rupee and the continuing volatility in other segments of the financial market,\u00a0Reserve\u00a0Bank of India today announced several regulatory measures. While\u00a0addressing media, RBI Governor Shaktikanta Das announced to slash the reverse repo rate from 4\u00a0per cent\u00a0to 3.75\u00a0per cent\u00a0while keeping the repo rate unchanged. He also\u00a0announced 50,000\u00a0crore rupees booster package for small and medium-sized industries to recover from the lockdown.<\/p>\n

The RBI Governor declared that the period of resolution plan for NPAs will be extended by 90 days and the loans given by NBFCs to real estate companies will get similar benefit as given by the scheduled commercial banks. He said that these measures will help to maintain liquidity in the system, facilitate and incentivize bank credit flows, ease financial stress and enable formal working of markets.<\/p>\n

Mr Das also said that India’s growth rate is expected to be highest among G20 nations, as per IMF estimates. The Governor mentioned that pre-monsoon kharif sowing has been aggressive and the IMD has forecasted a normal southwest monsoon.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Apr 17, 2020 , 2:04PM RBI announces Rs.50,000 crore booster package for small and medium-sized industries RBI Pic Amidst the steep fall in the rupee and the continuing volatility in other segments of the financial market,\u00a0Reserve\u00a0Bank of India today announced several regulatory measures. While\u00a0addressing media, RBI Governor Shaktikanta Das announced to slash the reverse repo […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_exactmetrics_skip_tracking":false,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[43,74],"tags":[],"class_list":["post-10805","post","type-post","status-publish","format-standard","hentry","category-business","category-covid19"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t