COVID-19 pandemic
RBI Keeps Key Lending Rates Unchanged
The Reserve Bank of India (RBI) last Friday kept the key repo rate unchanged at 4% considering rising inflation and weak signs of economic growth amid the gradual lifting of a nationwide lockdown imposed due to the COVID-19 pandemic. The newly-formed Monetary Policy Committee (MPC) of the central bank began its three-day meeting on 7 […]
Government’s Stimulus Package 2.0 Will Boost Realty Sector
HIGHLIGHTS Banks have encouraged to lend in the economy at a significant reduction in the repo rate by 4.0%, reverse repo by 3.75%, and cash reserve ratio (CRR) at 3.0%. The Credit-Linked Subsidy Scheme (CLSS) for the housing sector has got an extension until March 2021. RBI has allowed NBFC to extend the date of […]
